Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia, and Ethiopia. Berhane Gebrekristos - $2 Billion. His net worth climbed to $16 billion in 2021, according to Forbes, up from $12.1 billion in 2020 . The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. Nega was one of the most powerful men in Ethiopia. Abay Tsehaye - $1.5 Billion. Liya Kebede . The company has more than 3,000 employees. 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. Angola - $217.97 billion. Musk might hold the current title of the richest person in the world, but he also holds a record for the biggest fortune ever lost by anyone in history. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. 11 . Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. His primary businesses include cement, sugar and flour. The data and graphics were last updated on November 8th, 2021. Now that you know what's the richest country in Africa, you can invest in them to grow your wealth and improve their GDP. 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. Algeria . 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. Most of the coffee produced here is exported and that made this agricultural company famous. February 6, 2023. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Sebhat Nega - $2 Billion. Through this substantial amount of funding, Co-op Bank is poised to provide much-needed support to micro, small, and medium enterprises (MSMEs) while simultaneously positioning the bank for future growth. Shimao. Top 10 RICHEST People in Ethiopia 2021 | Rich and Famous TV Subscribe Here: https://bit.ly/3exoQBy. 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. By 1998, Omer's Nejat International had sales valuing at 198,000,000 ETB or 7,400,000 USD and owned the largest warehouse in Ethiopia with all the latest machineries. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. Seeing this unfortunate management crisis, Suhura returned to the helm of the business. 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. 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. Abdul Samad Rabiu becomes Nigerias second-richest man, net worth surges above $7 billion, African billionaire heirs are making their mark in philanthropy, Billionaire mining mogul Patrice Motsepe acquires luxury wine farm in South Africa, Egyptian billionaire Naguib Sawiris Orascom Investment sells stake in TWA in $35-million deal, Mohammed Akoojees Imperial Logistics partners with UbiPharm to create Africas largest healthcare distribution network, Sam Darwishs IHS Towers to acquire tower assets in Brazil in $315-million deal, Egyptian billionaire Yasseen Mansour loses $2.56 million as Palm Hills shares slump by double digits. Meles Zenawi - $3 Billion. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. She is the widow of the late dictator Meles. 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. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. Ndungu is a prominent Kenyan businessman and shareholder in Pevans East Africa. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . He lives in Glencoe. 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. It ranks fourth for private wealth held by individuals. China. 4. 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. . Top 10 Richest People in the World. They're worth a collective $12.7 trillion $400 billion less than in 2021, it says. 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. By 2011, Eyob's company was valued at about 788,000,000 USD or 21,000,000,000 ETB. For some context, . ALIKO DANGOTE - NW: $21.6 BILLION. Mamo is the CEO of the D.C.-based group. Furthermore, Akiko's OBG also engages in construction machinery rental, spas, gyms, and logistical works. Muriuki holds a two-percent stake in the leading financial services group. This billion-dollar deal is Ethiopias largest-ever privatization agreement. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. list of the billionaires and millionaires in Ethiopia. Elon Musk, with a fortune of $266 billion, is the richest person on the planet. 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. Eyob Joe Mamo - $2.5 Billion. Jeff Bezos (Net worth: $195.6 billion as of 6th of December 2021) From running a simple e-commerce website in his garage in 1994, to becoming the one of the world's richest billionaires in 2021 . Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. Ketema Kebede created the self named KK Plc. By. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. Heading into 2022, the 10 wealthiest individuals in the world are all worth . 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. Brian Shuel // Getty Images. From there, he would buy oil refineries in Morocco and Sweden, engage in oil exploration off West Africa, open one of Africa's best hotels (Sheraton Addis), finance a factory to build Saudi's first car, begin gold mining, steel production, tire production and enter the oil market in Ethiopia. in 1976, as a mere youth. 1. View profiles for each of the world's 500 richest people, see the biggest movers, and compare fortunes or track returns. Recently, Akiko, along with the Italian Enel Green Power, were 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. This land would be supplemented with an additional 1,500 hectares of land by the government of the Southern Nations, Nationalities and Peoples. Source: Oil & Gas, Real Estate and Technology. As a result, Ndungu and Maina, who had a combined 38-percent stake in the now-defunct holding company, will not receive any compensation for their investments. Ethiopia-born billionaire Mohammed Al-Amoudi. $113 . It spans . 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. He is extremely influential in the country. It is also one of the world's fastest-growing economies. 6. 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. His businesses produced 1.6% of total U.S. economic output. Belayneh Kindie. icle family law institute 2021; . Meles Zenawi wasan Ethiopian politician and businessman born on May 9, 1955, but died on Aug 20, 2012, at age of 57 years old. Source: Conglomerate Investment through EAH. The bank first operated in Uganda as the National Bank of India in 1906. 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. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . 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. He was previously in the position of foreign affairs minister where he had a lot of power over trade. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. 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. Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. This company went into other sectors of agriculture as well so that it can flourish from all sides. 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. 5. 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. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. After completing his education, Duffuor made the highly lucrative move into banking. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. Select Page. He has also invested in various sectors of business that have made the work simpler for him to gain profits. Who is the richest man in Ethiopia in 2022? He is still one of the most influential people in the whole of Ethiopia today. 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. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. Today, Eyob also called Joe owns and runs the privately owned Capitol Petroleum Group which controls over 41 percent of gas stations in Washington D.C. With annual revenue of more than $100 million, Ethio Biography places his net worth at $1.6 billion. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. in 1976, as a mere youth. 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. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. Egyptian businessman Ahmed El Sewedys electric company records over $185 million in profit in 2022, Egyptian mogul Medhat Khalils Raya Holding signs deal to expand entrepreneurship support programs, GB Auto, led by the Egyptian Ghabbour family, hits historic $344-million profit mark, Led by Egyptian tycoon Yasmine Khamis, Oriental Weavers profit dives below $31 million in 2022, Tunisian auto mogul Moncef Mzabis fortune drops by $8 million as shares in automobile retailer plunge, Ethiopian billionaire Mohammed Al-Amoudis net worth soars by $161 million, Somali tycoon Abdirashid Duale sends aid to Turkey-Syria earthquake victims as death toll crosses 44,000, Sudanese-British billionaire Mo Ibrahims net worth surges by $100 million, Ethiopian entrepreneur Dawit Abraham sells board game to Cape Town-based gaming startup, Somali mogul Ismail Ahmed shocks industry as Zepz surpasses $800 million in funding, Kenyan businessman Paul Ndungu lists prime Nairobi property for sale, Kenyan businessman Andrew Ndegwa loses nearly $2.4 million in two months from stake in NCBA, Kenyan banker Gideon Muriukis Co-op Bank secures $100 million from global investors, Tanzanian billionaire Rostam Aziz pledges cheaper cooking gas amid $2.3-billion plant launch, Kenyan tech entrepreneur Paul Kimani takes startup to new heights with $2.7-million pre-Series-A funding, Nigerian banking magnate Jim Ovias Zenith Bank receives approval to restructure into a holding company, Nigerian billionaire Mike Adenuga gains $22 million from stake in oil firm, Conoil, Aliko Dangotes sugar business reports impressive performance as profit surpasses $110 million in 2022, Indian billionaire Sunil Bharti Mittals Airtel Africa to boost its capital expenditure to $750 million in 2023, Nigerian billionaire Abdul Samad Rabius net worth skyrockets to $8 billion, eyes Africas top 3 richest spot, Microsoft joins forces with Strive Masiyiwas Liquid to bring internet to underserved African communities, South African billionaire Stephen Saad eyes million-dollar deals to revive COVID-19 vaccine production lines, Nicky Oppenheimer, Africas third-richest man, loses $430 million in 26 days, Bernard Arnaults LVMH sets sights on South African billionaire Johann Ruperts Richemont, South African tycoon Neal Froneman-led Sibanye-Stillwater posts lower earnings, Q&A with Nigerian mining entrepreneur Emotan Josephine Aburime-Shine, Ethiopian tycoon Negusse Hailu recounts his experiences with EABSC, Meet Osinachi Ukomadu, an African tech entrepreneur revolutionizing logistics, Meet the South African woman who has created the worlds first ocean water distilled gin, African Judo Union President: Businesses must support sport. 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. 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. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. 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. The enterprise was established as an operating holding for subsidiary companies acting in various sectors, such as FMCG manufacturing, agriculture, agro-processing, printing and packaging, transport, real estate, cement production and coal mining. Young Rich List wealth takes $11b hit after tech plunge. Today, Tashitaa has over 300 trucks and vans, and transports about 15,000 people a day. (Sponsored Content) Published. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. This was the beginning of his journey to financial success. Source:Oil & Gas, Real Estate and Technology. Ndegwa owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. Eskinder's obsession with quality has changed the way several construction companies operate in Ethiopia. Furthermore, Zenawi received praise for his work towards a stable relationship with the African Union, playing an important role in improving the continents position on climate change. Pevans East Africa, the holding company for SportPesa, began distributing dividends to its shareholders in 2015, with a total payout of Ksh1.57 billion ($23.46 million). His net worth at present is $500 million. 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. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. He had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. Celebrity Net Worth estimates Al-Amoudis net worth to be around $8.3 billion whereas Bloomberg places his net worth at $5.46 billion. Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses in Ethiopia. He would start the ardous climb to success by working various jobs, sometimes three at a time. He has enough influence inside the party because he is a veteran there. While people on more modest incomes have also seen their assets rise in value during the pandemic, Oxfam said the 10 richest men own six times as much wealth as the bottom 40% (3.1 billion people). Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. Although no longer living, Mohammed Ture's company is run by 6 members of the Ture family. For the 11th year in a row, Alike Dangote of Nigeria is the continent's richest person, worth an estimated $13.9 billion, up from $12.1 billion last year following a 30% increase in the stock . Ethiopia is home to about 105 million people. As of 31 December 2020, the banks assets were valued at Shs8. 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . 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. 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 . Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. Amidst a legal dispute with fellow shareholders in Pevans East Africa, Ndungu and another shareholder, Asenath Wachera Maina, were removed from their positions in Pevans East Africa following a special resolution. Forbes places Mohammed Al Amoudis fortune at $8.1 billion as of 2017. 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. One of the factors contributing to . 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. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia and Ethiopia. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. This billion-dollar deal is Ethiopias largest-ever privatization agreement. 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 He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. Estimated net worth: $4 billion. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. 9. Mohammed Al Amoudi - $8.3 Billion. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. The Ethiopian men and women who have spearheaded the country's phenomenal growth stem from various backgrounds, ethnicities, and religions. He was one of the closest to the dictator Meles and his wife Azeb Mesfin. 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. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. Now, let's take a look at the top 10 in more detail. However, less than 3,400 are ultra-high-net-worth individuals. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. 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. (Reuters) Larry . From Nigeria, he is the founder and . 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). Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. Berhane Gebrekiristos. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. 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. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. 1 / 63. 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. Elon Musk. 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.
Jake Robinson Accident,
Prop Hire London,
Paterson, Nj Garbage Schedule 2020,
Articles T
