Celebrity Net Worth estimates Al-Amoudis net worth to be around $8.3 billion whereas Bloomberg places his net worth at $5.46 billion. Meles Zenawi wasan Ethiopian politician and businessman born on May 9, 1955, but died on Aug 20, 2012, at age of 57 years old. 1. 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. Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. 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. He was raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization or ISO. Ndegwas stake in NCBA has dropped by Ksh219.82 million ($2.39 million) as a result of the recent decline in the banks share price, from Ksh2.82 billion ($22.85 million) at the start of the year to Ksh2.6 billion ($20.46 million) at the time of writing this report. . 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. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. Eyob "Joe" Mamo. Nega was one of the most powerful men in Ethiopia. Eric Lefkofsky: He's the founder of Groupon. 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. By 2011, Suhura was selling between 30-40 tons of khat every day and was also using Ethiopian embassies and consulates as a means of organizing sales worldwide. Estimated net worth: $10 billion. Samuel Tafesse - $1.6 Billion. 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. Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. According to research conducted by Billionaires.Africa. According to Wikipedia, he began his career at Ghana Commercial Bank in 1969. 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. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia, and 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. 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. Young Rich List wealth takes $11b hit after tech plunge. Ndegwa owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. As of Jan 2023, India has 166 billionaires which put the country third in the world, after the United States and China. 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. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest . He would leave the farm and become a school teacher and a political activist. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. The company today employs over 2,500 people with a dozen projects with contract values in the range of 5,000,000,000 ETB or 186,000,000 USD. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. in 1976, as a mere youth. As a major shareholder of Tsehay Industry and Tsehay Insurance Share Company, Belayneh would have vast control in Ethiopia's manufacture of LTZ, sheet metal, etc. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. 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. He is still one of the most influential people in the whole of Ethiopia today. 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. 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. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. Read profiles and interviews, and see all the facts and figures for 2022 At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. began its explosive rise as one of Ethiopias largest business enterprises. 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 . The Ethiopian men and women who have spearheaded the country's phenomenal growth stem from various backgrounds, ethnicities, and religions. Mohammed Al Amoudi - $8.3 Billion. 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. Ethiopia is home to over 122 million people, per Worldometer. 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. Meles Zenawi - $3 Billion. He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. The Weeknd - $200 Million. 3. 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 . She is the Widow of the late Prime Minister Meles Zenawi, she has ownership interests in many of the biggest companies in Ethiopia. icle family law institute 2021; . With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. Net Worth: Top 25 Famous, Richest Actors In Nigeria In 2023 (Highest-Paid Nigerian Nollywood Actors), Net Worth: Top 20 Richest Footballers In Africa In 2023, Their Names, Ages, Country, Forbes, Cars, Houses, Pictures, Etc, Accurate List: Top 10 Best Rappers In Africa In 2023; Their Names, Countries, and Rank, Net Worth: Top 10 Richest Rappers In Africa In 2023 (Highest-Paid African Rappers By Forbes), Net Worth: Top 10 Youngest Richest Men In Ghana In 2023 That Live Lavish Lifestyles, Ghanaian Fraud Boys: Top 10 Richest Scammers In Ghana In 2023; Their Net Worth, Names, Ages, Pictures, Net Worth: Top 20 Richest Musicians In Ghana In 2023 Most Successful Ghanaian Artists Now. 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. Furthermore, Akikos OBG also engages in construction machinery rental, spas, gyms, and logistical work. From Nigeria, he is the founder and . He is a politician from the ruling party in Ethiopia. This land would be supplemented with an additional 1,500 hectares of land by the government of the Southern Nations, Nationalities and Peoples. Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. He has also invested in various sectors of business that have made the work simpler for him to gain profits. Egypt - $394.28 billion. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. He serves as chairman of SouthWest Development, a leading player in Ethiopias oil and gas sector and the provider of various services to oil and gas companies. 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. 15 of the Richest Ethiopians and their Successful Companies in 2021-----. Mohammed Al Amoudi, the son of a Saudi father and an Ethiopian mother is Ethiopias richest businessman. 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. 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. A significant percentage of the countrys richest individuals are politicians. She controls over 50% of the khat market in Ethiopia and is also a leader in global sales of the product. 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. Ndungu is a prominent Kenyan businessman and shareholder in Pevans East Africa. The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group) and Preem (his most valuable asset) through the wholly-owned Petroswede AB. was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . Kanye West has made it to the top of the list this year by beating Jay-Z. The Kenyan banking firm, which has 109 branches in Kenya, Uganda, Tanzania, Rwanda, and the Ivory Coast, was formed in 2019 by the merger of NIC Bank Group and Commercial Bank of Africa Group. We could have simply put together a list of New Jersey's wealthiest people, but NJBIZ . This billion-dollar deal is Ethiopias largest-ever privatization agreement. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. Samuel Tafesse's company now engages in large-scale road and bridge projects, large scale real estate developments, the building of residential properties, hotel and commercial building construction. Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches 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 This was the beginning of his journey to financial success. 4. 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. This year, War, pandemic and sluggish markets hit the world's billionaires whose number drop by 87 to 2,668 on Forbes' annual ranking of the planet's richest people. Now that you know what's the richest country in Africa, you can invest in them to grow your wealth and improve their GDP. Mohammed Al Amoudi - $8.3 Billion. 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). He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. View profiles for each of the world's 500 richest people, see the biggest movers, and compare fortunes or track returns. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. Here's whose net worth grew the most. In 2010, she retired from the group, leaving her empire to be managed by her sons. The youngest person to feature in the list is a 23-year old Shashvat Nakrani who founded the . Patrice Motsepes TymeBank partners with The Foschini Group, eyes 26 million South African customers, Runa Alams DPI closes African Development Partners III Fund at $900 million, exceeding $800-million benchmark, Adidas faces $10-million loss as Beyonces Ivy Park fails to meet expectations. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. Mohammed Hussein Al Amoudi Biography. Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit 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. | Website by ethioSEO | Terms of Use | Privacy Policy | Disclosure | Cookies Policy. Eyob Joe Mamo - $2.5 Billion. 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. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. Expanding legalization has driven an increase in bets on football's big game, with wagers more than doubling from 2021 to 2022. Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 13 consecutive years. Ethio Telecom 21.6 billion Ethiopian Birr (585 million USD) Ethio Telecom, formerly known as the Ethiopian Telecommunications Corporation (ETC), is an Ethiopian telecom company serving as the foremost internet . He has been chairman of Ethiopian Airlines. South Africa - $329.53 billion. As of November 2022, Aliko Dangote was the richest man in Africa. 2023 Billionaires.Africa. 9. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . In response, Ndungu expressed his disappointment, stating that the meeting where he and Asenath Wachera Maina were expelled was not conducted in accordance with the Companies Act. 3. : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, . in 1976, as a mere youth. 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . 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. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. 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. 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. 2 weeks ago. A significant percentage of the countrys richest individuals are politicians. Source: Conglomerate Investment through EAH. 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. His company, the Dangote group started as a small trading firm in 1977. Top 100 country songs of all time. coffee export, and coffee roasting and packing. Bernard Arnault, the chairperson and chief executive of the French luxury conglomerate LVMH Mot Hennessy Louis Vuitton, is now the world's richest person.Bernard Arnault pipped Jeff Bezos after the Amazon founder's net worth fell $13.9 billion in a day. Mamo is the CEO of the D.C.-based group. Michael Prince for Forbes. Jeff Bezos. Before becoming the prime minister of his native country, Zenawi was the president of Ethiopia in the nineties (from 1991 to 1995). Omer Ali Shifaw began in the spice business but would leave that to open his own company with a paid up capital of 5,000 ETB or 185 USD. 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. This is a 120 kilometre (75 mile) strip of land which lies between the . The California based technology entrepreneur is the Board member and co-founder of . Furthermore, a deal with Globelq to create a solar park with 100MW is being negotiated. He is presently the Ethiopian ambassador to China. It made her the top 10 richest people and the #1 richest woman in the world. Below is a list of the top 20 richest Ethiopians in 2022. If we simply consider a nation's gross domestic productthe sum of all goods and services produced by a country during one yearthen we would have to conclude that the richest nations are exactly the ones with the largest GDP: United States, China, Japan, Germany. There were a record 2,755 billionaires in Forbes' 2021 list of the world's wealthiest people660 more than a year ago. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials, and maximum comfort. Nigeria is the richest and most populous country in Africa. 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). The company has more than 3,000 employees. Tekleberhan Ambaye is an industry leader and one of Ethiopias richest men. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. 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. Analysts expect the companys shares to recover in the medium to long term, as the leading financial services group prepares to launch operations in Ghana, Ethiopia, and the Democratic Republic of the Congo through partnerships led by its mobile phone banking service, M-Shwari. Seyoum Mesfin - $1.8 Billion. 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. Date of birth: 24th February 1967. Jimoh Ibrahim - $1.1 billion. 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. 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. 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. 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. now scroll down to watch cat videos, Thank me later! $113 . Recently, it has evolved into a prominent corporate group in the country through BK Business Group. 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. Not only one of Ethiopia's richest and a billionaire, but Samuel is also a role model representing what hard work and honesty can bring into one's life. 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. Suhura Ismail Khan was born in the 1960's in the Somali region city of Jijiga in the eastern part of Ethiopia. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. By2016, Tewodros would play a vital role in one of Africa's largest private sector business transactions. 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. Morocco - $302.77 billion. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia and Ethiopia. (Sponsored Content) Published. The world's 10 richest people added $402 billion to their fortunes in 2021. 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. His sibling Naguib . 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. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. 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. Elon Musk, with a fortune of $266 billion, is the richest person on the planet. 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. ALIKO DANGOTE - NW: $21.6 BILLION.