Mohammed Hussein Ali Al Amoudi is an Ethiopian-Saudi billionaire businessman, who owns and controls many big industrial assets in Sweden, Saudi Arabia, and Ethiopia.He was born in Ethiopia, in 1946, to a Saudi father and an Ethiopian mother. However, she returned to manage her business after the group incurred losses up to 1 million within a short period. Heading into 2022, the 10 wealthiest individuals in the world are all worth . Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 13 consecutive years. Ndegwa owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. $288.56 billion (PPP, 2021 est.) By 2015, Belayneh would go on to invest in Ethiopia's agricultural sector with the initial payment of 25,000,000 ETB or 1,000,000 USD for 250 hectares of land for the cultivation of sesame, coffee, etc. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. At the time of writing, Co-op Bank shares on the Nairobi Securities Exchange were trading at Ksh12.5 ($0.0985), 4 basis points lower than their opening price this morning, pushing the companys market capitalization further below the Ksh74-billion ($580 million) mark. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . His company Dangote Group is currently on an expansion drive to many other African countries. Aside from his ownership stake in the group, Bizenu control companies such as Bizenu Investments Plc, East African Agri-Business Plc, Cosmar East Africa Business Plc, East African Group (Eth) Plc, East African Tiger Brands Plc, Ethio-Asia Industries Plc, National Cement S.C., East African Coal Mining Corporation Plc, and a host of other companies. Today, the group maintains active operations in trade, transportation, construction material rentals, hotels, domestic business investments, and product and service sales in Ethiopia and abroad. Here's whose net worth grew the most. 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . By2016, Tewodros would play a vital role in one of Africa's largest private sector business transactions. Aside from his leadership role in Ethiopias first and only indigenous oil and gas company, SouthWest Energy, the leading business tycoon played a vital role in transforming the Ethiopian energy sector. The market value of Muriukis two-percent stake in Co-op Bank is now worth Ksh1.48 billion ($11.7 million). The company has more than 3,000 employees. Focusing on the Amhara region, Belayneh would invest a further 1,200,000,000 ETB or 45,000,000 USD for a 30 hectare plot of land to build an edible oil refinery plant. Samuel Tafesse - $1.6 Billion. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. Belayneh Kindie has amassed a fortune through his Belayneh Kindie (BK) Business Group, an Ethiopia-based group initially focused on exporting oil seeds, nuts, and other products. Source: Oil & Gas, Real Estate and Technology. Tewodros Ashenafi born in 1969 is a highly educated and enterprising individual that has brought significant changes in the Ethiopia's energy sector. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. Orchid Business Group holds government contracts for a variety of highly lucrative endeavors, such as being involved in the construction of the GERD or Grand Ethiopian Renaissance Dam, the Awash/Kombolcha/Woldiya Railway construction, as well as, many other foundation works and roads. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. Ethiopia has a great environment for coffee cultivation. After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses in Ethiopia. In 2016, his net worth was estimated by Forbes at approximately $10.9 billion and a relative fall in net value was linked to the global fall in oil and gold prices at the time of estimation.He was also listed as Ethiopia's richest man, the second richest . Top 20 Richest People In Pakistan and Their Net Worth 2022. The IIFL Wealth Hurun India Rich List has revealed the top 100 wealthiest people in the country. Tashitaa Tufaa grew up on his family's farm in the Oromia region with his 13 brothers and sisters, working there till he came of age. 1. Africa is home to some of the wealthiest people in the world. Tekleberhan Ambaye (Eng) began his rise to greatness in 1993, registering his self named TACON or Tekleberhan Ambaye Construction Plc., with the initial capital of 5,000 ETB or 185 USD. Ethiopia-born billionaire Mohammed Al-Amoudi. 2. Following a brain tumor operation in Brussels, Zenawi died from contracting an infection in August 2012. He is the richest drug lord in Africa with a long criminal history of selling illegal drugs. now scroll down to watch cat videos, Thank me later! Jamel Toppin . However, less than 3,400 are ultra-high net-worth individuals. Here's how American families, from the poorest to the richest, spend their money +16 16 great furniture designers of the last century inspiring today's design trends In 2020, private wealth in Ethiopia was estimated at $57 billion, $1-billion higher than the figure for Ghana and $33-billion lower than Kenyas $90 billion. He is still one of the most influential people in the whole of Ethiopia today. However, less than 3,400 are ultra-high-net-worth individuals. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. In 2011, her group recorded sales of between 30 and 40 tonnes of khat per day. Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. Wealth Milestones. He is a politician from the ruling party in Ethiopia. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. The list of Ethiopia's richest models, actors, musicians, businessmen, politicians, producers, footballers, athletes, Instagram influencers, and entrepreneurs are also the most famous and best-known Ethiopian celebrities both in Ethiopia and internationally. Khat is a leafy green plant containing two main stimulants used mainly in North East Africa, the Arabian Peninsula, and expatriate communities from these regions. His sibling Naguib . From the beautifully designed Bole Road-Wello Sefer overpass to various other projects all over Ethiopia, he and his company have received a multitude of accolades. Top 10 Richest People in the World. August 24, 2021. A true businessman at heart that rose from humble beginnings to become one of the richest Ethiopians, Ketema Kebede is a true inspiration for all hoping to achieve substantial success. A billionaire in his own right, Tewodros Ashenafi, one of Ethiopia's richest, is without a doubt, a significant contributor to the current explosive growth of Ethiopia. Copyright 2023 allaboutETHIO.com All Rights Reserved. The Ture business empire is engaged in the import and distribution of hardware, machinery and construction materials, including the installation of small and large scale factories. By comparison, Elon Musk, at over $304 billion, still has a little ways to go just yet. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. Azeb Mesfin. Tekleberhan Ambaye is an industry leader and one of Ethiopias richest men. . (Sponsored Content) Published. Through the crafty use of his familys trading background, Ketema began to retail acrylic yarn and other similar items that were in high demand throughout Ethiopia. Today, Tashitaa has over 300 trucks and vans, and transports about 15,000 people a day. Jeff Bezos. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. As a khat street vendor, her profits were very small until she began to explore the business opportunities in the neighboring country of Somaliland. 2023 Billionaires.Africa. Since the company is facing competitors the business has decreased making enough profit like before. A true business man at heart that rose from humble beginnings to become one of the richest Ethiopians, Ketema Kebede is a true inspiration for all hoping to achieve substantial success. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. top ten richest men in nigeria. China. $92.413 billion (nominal, 2021 est.) 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . Having been enthralled with the little he had seen in the construction business, Samuel would borrow 10,000 ETB or 370 UDS to get a construction license in 1986. who is therichestperson in Ethiopia 2022. Who is the youngest millionaire in Ethiopia? The top 10 richest people on the planet have a combined net worth of $1.4 trillion. Recently, Akiko, along with the Italian Enel Green Power, was to sign a 3,240,000,000 ETB or 120,000,000 USD to develop, operate and build a solar power generation plant in Metehara. Add to this innovativeness and the ability to make something from nothing, and you have the recipe that makes the following list of the richest Ethiopians. Kanye West has made it to the top of the list this year by beating Jay-Z. It ranks fourth for private wealth held by individuals. Ethiopia is home to about 105 million people. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. The total valuation of Australia's 100 richest people aged 40 and under is diminished, but you still need $35 million to get on the list . Top 100 country songs of all time. Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. 2. Tewodros Ashenafi is an Ethiopian entrepreneur and the CEO of SouthWest Energy, an Ethiopian oil and gas exploration and production company based in Addis-Ababa, the capital city of Ethiopia. Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. icle family law institute 2021; . Furthermore, Akikos OBG also engages in construction machinery rental, spas, gyms, and logistical work. The four-bedroom, double-story house in Gigiri is being sold through Garam Auctioneers, a well-established Kenyan auction house with more than 28 years of experience in the retail industry. Tekleberhan has also opened up Edna Mall, housing a modern movie theater, and one of only two countries in Africa that receive Hollywood movies directly upon their release. Let us now get into the list of the 20 richest rappers in the world as of 2022 with their net worth details. As a local partner in Ethiopia for Japan Tobacco International, they would go on to close a deal for 1,400,000,000 USD for the 40% acquisition of Ethiopia's National Tobacco Enterprise. The enterprising Samuel would land a job as a construction worker upon completing high school and go on to study engineering at Addis Ababa University. All Rights Reserved. 1. Belayneh Kindie began his journey to wealth by starting his company Belayneh Kindie Import and Export (BKIE), in 2005 with the startup capital of only 111,000 USD or 3,000,000 ETB. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. They have such an amount of money because of connections with the countrys politics and a stable business that takes the supplies from the country and sends them to other places. Most of the coffee produced here is exported and that made this agricultural company famous. Africa covers a land mass of over 3 million square kilometres (11.7 square miles), which includes independent island states.. Africa is separated from Europe by the Mediterranean Sea and joined with Asia by the Isthmus of Suez. What is Mohammed Al Amoudis net worth? In Illinois, the richest person remains Ken Griffin, the founder of Chicago hedge fund Citadel. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia with an estimated net worth of $2.5 billion. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. 10. financial services group prepares to launch. The enterprising Eyob buys his gas from refiners and then sells it to the operators of the stations he owns. She is the widow of the late dictator Meles. The company today employs over 2,500 people with a dozen projects with contract values in the range of 5,000,000,000 ETB or 186,000,000 USD. : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, . Mohammed Hussein Al Amoudi was born in Ethiopia in 1946 to a Hadhrami father and an Ethiopian mother. By. By 2006, Belayneh entered the transport business by establishing the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks. Nigeria is the richest and most populous country in Africa. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. 3. A significant percentage of the countrys richest individuals are politicians. Ermias would create, develop and fund huge and lucrative businesses such as Royal Crown Mineral Water Factory (Highland water), Access Capital, Access Bank, Access Real Estate, Zemen Bank, and Jano Music Band among others. . Nega was one of the most powerful men in Ethiopia. Meles Zenawi is the former Prime Minister of Ethiopia. This billion dollar deal is Ethiopia's largest ever privatization agreement. He was named as Ethiopia's richest man, the 2nd richest black person in the world, and the 2nd richest Saudi Arabian, all this proves that Mohammed Al Amoudi has earned the title of tycoon. He was a part of the diplomatic works that were used by the dictator for money laundering. Being the eldest sibling, Samuel took a job as a parking attendant at the Addis Ababa Stadium, where he would use the opportunity to sell soft drinks, chewing gum, and cigarettes. 6. However, the companys payouts decreased in the following years, with Ksh290.3 million ($2.5 million), Ksh876.5 million ($7.51 million), and Ksh559.9 million ($4.8 million) paid out in 2017, 2018, and 2019, respectively. Who is the second richest person in Ethiopia. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. Today, the group maintains active operations in trade, transportation, construction material rentals, hotels, domestic business investments and product and service sales in Ethiopia and abroad. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. He would leave the farm and become a school teacher and a political activist. Samuel Tafesse - $1.6 Billion. Fluent in Arabic, Swahili, English, and Amharic the multilingual Ermias would drop out from Haile Selassie I University after only a year and move to the United States, where he would study and become an economist. Who is the richest person in Uganda 2021? 9. right away. Berhane Gebrekristos present estimation of net worth is about $2 billion but his real worth previously was even more than this. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. Young Rich List wealth takes $11b hit after tech plunge. richest nigerian in houston. Below is a list of the top 20 richest Ethiopians in 2022. The dictator himself looted a huge amount of money in the name of taxes from the common people and before the government was formed, he helped them in the loot of money. His net worth at present is $500 million. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group) and Preem (his most valuable asset) through the wholly-owned Petroswede AB. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . Beginning with only the import of items to satisfy the local demand, Omer would in 1995 expand to engage deeply within the coffee business. Mamo is the CEO of the D.C.-based group. Brian Shuel // Getty Images. Through his legal representative, Ekuru Aukot, Ndungu clarified that the injunction against him and Maina had already expired on Jan. 24, as per the law, and had not been renewed. Kwabena Duffuor Net Worth - $680 Million. With subsidiaries such as Kingdom Securities Limited, Co-op Trust Investment Services Limited, Co-operative Consultancy & Insurance Agency Limited, Kingdom Bank Limited, and the Co-operative Bank of South Sudan, Co-op Bank serves as the primary banker for Kenyas SACCOs. As a local partner in Ethiopia for Japan Tobacco International, he closed a $1.4-billiondeal to acquire a 40-percent interest in Ethiopias National Tobacco Enterprise. Eyob Mamo left for the United States in 1981 as a young boy. Michael Prince for Forbes. The highest and the lowest net worth. All this and more, has made Omer Ali Shifaw one of Ethiopia's richest men and a self-made one at that. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. Buzayehu's East African Holdings is made up of several sister or subsidiary companies involved in manufacturing fast moving consumer goods, printing and packaging, agriculture (commercial farming), transport, agro processing, cement production, real estate, coal mining, coffee export, and coffee roasting and packing. Ermias Amelga was born in Addis Ababa but would move to Egypt and later to Kenya but would be returned to Addis Ababa to study secondary school and university. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. Even though Ethiopia is classified as one of the developing countries in the world there are still rich people who are are living and enjoying life like the . She also has a criminal image of herself among the people of Ethiopia, with the name mother of corruption given to her by the people. As of December 2023, Tewodros Ashenafis net worth is $5 Million, per All Famous Birthday. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. All in all, Belayneh Kindie, an Ethiopian billionaire and one of Ethiopia's richest, is a titan of business, with his successful enterprises ranging from hotels, import/export, transport, rental, manufacturing, agriculture, etc. Through the crafty use of his family's trading background, Ketema began to retail acrylic yarn and other similar items that were in high demand throughout Ethiopia. 91. Eskinders obsession with quality has changed the way several construction companies operate in Ethiopia. She has her own business and owns shares in various companies around Ethiopia. Eskinder has also been awarded by the Ethiopian Roads Authority (ERA) and Addis Ababa City Roads Authority (AACRA) for being one of the best engineers benefiting Ethiopia. February 6, 2023. 1. As of June 2022, Nassef Sawiris, with a net worth of 7.3 billion U.S. dollars, is the richest man in Egypt, fourth richest in the African continent, and ranked 292 in the world. Belayneh Kindie. He has enough influence inside the party because he is a veteran there. Mohammed Al Amoudi born in 1946 to an Ethiopian mother of Wollo Amhara descent and a Hadhrami Yemeni father is an Ethiopian and Saudi Arabian citizen. The-CNN-Wire. To add to this immense business portfolio, the Ture family also has a cement factory, a packaging and printing factory, and an aggregate production facility. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. Upon his release, finding his children all grown was difficult yet through hard work he would open up a company named after him (Omer Ali), but would in 1990 change the name to that of his daughters: Nejat International. 8) Larry Page (net worth: $91.5 billion) Larry Page walks by a map of the world during keynote speech at the Consumer Electronics Show in Las Vegas, Nevada, on January 6, 2006. Africa is the second largest continent in the world in terms of land area and population. Mohammed Al Amoudi - $8.3 Billion. Andrew Ndegwa, a Kenyan businessman and executive director of First Chartered Securities Limited, owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. Muriuki holds a two-percent stake in the leading financial services group. His company, the Dangote group started as a small trading firm in 1977. Sergey Brin. Azeb Mesfin - $4 Billion. What is the net worth of Ethiopia? Ermias would create, develop and fund huge and lucrative businesses such as Royal Crown Mineral Water Factory (Highland water), Access Capital, Access Bank, Access Real Estate, Zemen Bank, and Jano Music Band among others. Nigeria - $1.14 trillion. Richest African Countries by GDP. During the period when Pevans East Africa operated the SportPesa brand, Ndungu, a reclusive business leader who is a significant shareholder and non-executive director of Life Care Medics, received Ksh1.3 billion ($11.1 million) from the company until it ceased operations in June 2019. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. This billion-dollar deal is Ethiopias largest-ever privatization agreement. This company went into other sectors of agriculture as well so that it can flourish from all sides. In 2010, she retired from the group, leaving her empire to be managed by her sons. The bank first operated in Uganda as the National Bank of India in 1906. Having ten children, Suhura planned to retire from her business and go on an extended pilgrimage in 2010, but her 4 eldest sons managed to incur losses of up to 1,000,000 Euros in a short period of time. Omer owns coffee clearing machines, coffee washing stations and plans to start up a coffee plantation. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. The data and graphics were last updated on November 8th, 2021. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. The company has been operating in Ethiopia for over 60 years now and is respected throughout for their competence. Some of them include Columbia University's Africa Center Advisory Board, Atlantic Council International, New York's East West Institute, Initiative for Global Development, and was the winner of Young Global Leader (World Economic Institute).
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