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 . Mamo is the CEO of the D.C.-based group. The IIFL Wealth Hurun India Rich List has revealed the top 100 wealthiest people in the country. | Website by ethioSEO | Terms of Use | Privacy Policy | Disclosure | Cookies Policy. Elon Musk. Mohammed Al Amoudi - $8.3 Billion. Celebrity Net Worth estimates Al-Amoudis net worth to be around $8.3 billion whereas Bloomberg places his net worth at $5.46 billion. She is the widow of the late dictator Meles. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. Ethiopian entrepreneur and leading businesswoman Suhura Ismail Khan is the head of a trading empire from Jijiga, with several thousand employees, dozens of trucks and her airline, Suhura Airways, a Somalian charter carrier established in 2009. Expanding further by looking to the booming construction industry in Ethiopia, Belayneh acquired 10 dump trucks, 4 bulldozers, 3 excavators, 2 graders, 3 mixers and a crusher which he rents out. Furthermore, continually looking to grow, Ketema would also begin to manufacture acrylic yarn and blankets, engage in real estate development, and operate a transit and forwarding company. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. 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. He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. Since its founding in 2005, the company has grown into one of the countrys largest exporters of sesame seeds and a leading Ethiopian agricultural commodities trader. Below is a list of the top 20 richest Ethiopians in 2022. Azeb Mesfin - $4 Billion. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. His power in the Ethiopian cabinet along with the airlines helped him smuggle a lot of drugs within Africa and Asia. Seeing as Co-op Bank is the third-largest bank in Kenya, with 65 percent ownership by local co-operatives, and the largest co-operative bank in Africa, this injection of funds is sure to have a substantial impact. However, she returned to manage her business after the group incurred losses of up to 1 million within a short period. 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. The Ethiopian men and women who have spearheaded the country's phenomenal growth stem from various backgrounds, ethnicities, and religions. His businesses produced 1.6% of total U.S. economic output. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. Eyob "Joe" Mamo. Beginning with only the import of items to satisfy the local demand, Omer would in 1995 expand to engage deeply within the coffee business. The-CNN-Wire. What is the net worth of Ethiopia? Mohammed AL Amoudi is one of the richest people in Ethiopia, as a matter of fact, Mohammed AL Amoudi was named the richest and the most extremely wealthy person in Ethiopia. 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 Suhura Ismail Khan was born in the 1960's in the Somali region city of Jijiga in the eastern part of Ethiopia. From a dishwasher to security guard to a factory worker, Tashitaa would work and work and eventually begin his own transportation company in 2003, using his wife's van. Berhane Gebrekristos - $2 Billion. 9. Samuel Tafesse is one of the most famous businessmen in Ethiopia. Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. 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 . : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, . Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. Omer owns coffee clearing machines, coffee washing stations and plans to start up a coffee plantation. 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. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets and like products. He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. 1. 2. Berhane Gebrekiristos. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. Throughout the years, the company has delivered over 2,800 housing units with more on the way. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. 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. Many of these men and women have also achieved exceptional success and are deserving of being included in the list of the richest Ethiopians. Tewodros Ashenafi born in 1969 is a highly educated and enterprising individual that has brought significant changes in the Ethiopia's energy sector. Although no longer living, Mohammed Tures company is run by 6 members of the Ture family. Top 100 country songs of all time. Late last year, Musk became the first person ever to lose $200 billion in wealth after his net worth slid from some $340 billion in Nov. 2021 to $137 billion in Dec. 2022. 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. He was a part of the diplomatic works that were used by the dictator for money laundering. Over 80% of the people in Somaliland are avid chewers of khat, but due to the harsh climate in the region, the cultivation of khat is not possible, leaving them dependent on Ethiopian khat. Africa is the second largest continent in the world in terms of land area and population. 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. The 63-year-old real estate mogul is the founder of Sunshine Investment Group, a construction and real estate development company that develops residential, leisure and commercial properties in Ethiopia and the Middle East. He was listed on Forbes as the 67th richest man in Africa and the 183rd in the world. He has enough influence inside the party because he is a veteran there. This financing will aid Co-op Bank in strengthening its capital base, with Norfund participating in the financing through a direct credit line of $16 million and an additional $3.4 million through European Financing Partners. 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. Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. 2. 1. Jimoh Ibrahim - $1.1 billion. 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. The following are Ethiopia's top 20 companies and tax payers for the budget year ending in July 2020: (the amounts are approximate). 2. In recent times, Al-Amoudi has tightened his grip on his hotel business following the appointment of one of his sons-in-law to the board of Midroc Gold, whose portfolio includes the Sheraton hotels in Djibouti and Addis Ababa. Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. Bill Gates. As of Jan 2023, India has 166 billionaires which put the country third in the world, after the United States and China. Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. Copyright 2023 allaboutETHIO.com All Rights Reserved. By 1988, Al Amoudi's company MIDROC or Mohammed International Development Research and Organization Companies would land a 30,000,000,000 USD or 810,000,000,000 ETB contract to build an underground oil storage complex for Saudi Arabia. Mohammed Hussein Al Amoudi was born in Ethiopia in 1946 to a Hadhrami father and an Ethiopian mother. Companies run by Buzayehu include: 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., East African Real Estate Development Plc., National Transport Plc., National Premix Construction Plc., Hamaressa Edible Oil S.C., and Distribution Outlets (over 21 located throughout Ethiopia). Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. Africa's billionaires saw their wealth increase significantly in 2021, similar to the previous year, despite the long-term effects of the Covid-19 pandemic on business activities and the operations of companies and financial assets controlled by these ultra-wealthy individuals during the year. Nigeria - $514.05 billion. Tekleberhan Ambaye (Eng) began his rise to greatness in 1993, registering his self-named TACON or Tekleberhan Ambaye Construction Plc., with an initial capital of 5,000 ETB or 185 USD. For most, the journey to becoming one of the richest Ethiopians was not an easy one, but through an undying obsession to become successful, these people have reached their goals. February 6, 2023. 15. NCBA Group, a Nairobi-based financial services conglomerate led by the wealthy Kenyatta, Merali, and Ndegwa families, operates as a non-operating holding company through its vast network of subsidiaries in Tanzania, Rwanda, Uganda, and Cote dIvoire. Mohammed Al Amoudi - $8.3 Billion. 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. 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. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. New interactive and fun video sessions with influencers and celebrities every thursday on thedistin Youtube Channel every week and more now scroll down to watch cat videos, Thank me later! Ethiopian Rich List: Wealthiest Persons In Ethiopia: Mohammed Al Amoudi - $8.45 Billion. Patrick T. Fallon/Bloomberg. Eyob Joe Mamo is an Ethiopian oil tycoon known for running and controlling half of the gas stations in Washington, D.C., through Capitol Petroleum Group, a leading wholesale distributor of petroleum services in the Metro D.C. area and New York City. began its explosive rise as one of Ethiopias largest business enterprises. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. 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. Elon Musk, with a fortune of $266 billion, is the richest person on the planet. Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released this week. 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. 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. Although no longer living, Mohammed Ture's company is run by 6 members of the Ture family. All this and more, has made Omer Ali Shifaw one of Ethiopia's richest men and a self-made one at that. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). . He would leave the farm and become a school teacher and a political activist. Jeff Bezos. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Top 10 Wealthiest/Richest People In Ethiopia In 2023. Top 10 Universities in Africa; 20 Interesting Facts about Africa; Top 100 richest people in africa; Top 7 most developed African countries; Richest Person In Kenya And Top 10 Wealthy Kenyans; Turkey is to completely erase all Somalia's debts to the IMF; 10 trending Kaftan outfit ideas for grooms-to-be; 5 highest paid African football players . . 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. booming construction industry in Ethiopia. Morocco - $302.77 billion. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. The company has more than 3,000 employees. However, less than 3,400 are ultra-high net-worth individuals. Odd Reitan of Rema 1000 fame and Norgesgruppen's Johan Johannson place third and fourth on the list with assets of NOK 51 billion and 50.5 billion respectively. Berhane Gebrekristos present estimation of net worth is about $2 billion but his real worth previously was even more than this. What is Mohammed Al Amoudis net worth? In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. If you have Telegram, you can view and join ETHIOPIAN REPORTER JOB VACANCY IN ETHIOPIA right away. 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. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. The closest and most trusted friend of Meles and Azeb. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. He was also the chairman of the Tigrayan Peoples Liberation Front (TPLF) and the head of the Ethiopian Peoples Revolutionary Democratic Front (EPRDF) during the eighties. 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. Muriuki holds a two-percent stake in the leading financial services group. Young Rich List wealth takes $11b hit after tech plunge. He is still one of the most influential people in the whole of Ethiopia today. His net worth climbed to $16 billion in 2021, according to Forbes, up from $12.1 billion in 2020 . The six-percent stake would make him the latest in a slew of new minority partners that the U.S. soccer franchise has added in recent years. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. The top 10 richest people on the planet have a combined net worth of $1.4 trillion. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. Heading into 2022, the 10 wealthiest individuals in the world are all worth . Ethiopia's First and Largest Blog Network. 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . Meles Zenawi is the former Prime Minister of Ethiopia. Expanding legalization has driven an increase in bets on football's big game, with wagers more than doubling from 2021 to 2022. The highest and the lowest net worth. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. now scroll down to watch cat videos, Thank me later!

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