The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group), and Preem (his most valuable asset) through the wholly-owned Petroswede AB. 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. ALIKO DANGOTE - NW: $21.6 BILLION. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. 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. 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. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. He would start the ardous climb to success by working various jobs, sometimes three at a time. 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. Meles Zenawi wasan Ethiopian politician and businessman born on May 9, 1955, but died on Aug 20, 2012, at age of 57 years old. Ethiopian Reporter Job Vacancy in Ethiopia Who is the richest company in Uganda? 3. Berhane Gebrekristos - $2 Billion. 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. June 2022: Top 5 richest people in Africa and their net worth according list of the billionaires and millionaires in Ethiopia. Upon coming of age, Al Amoudi would travel to the Kingdom of Saudi Arabia and become a citizen of the country. Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. 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. 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. 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. The company has been operating in Ethiopia for over 60 years now and is respected throughout for their competence. Samuel Tafesse - $1.6 Billion. His businesses produced 1.6% of total U.S. economic output. 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. Beginning with small contracts, such as roof maintenance for Wabe Shebelle Hotel and slowly expanding, Samuel's hard work and integrity would cause his little company to blow up into the giant it is now: Sunshine Construction Group. Abay Tsehaye - $1.5 Billion. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. Mohammed Hussein Al Amoudi was born in Ethiopia in 1946 to a Hadhrami father and an Ethiopian mother. 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. Mohammed Al Amoudi - $8.3 Billion. 15. We could have simply put together a list of New Jersey's wealthiest people, but NJBIZ . began its explosive rise as one of Ethiopia's largest business enterprises. 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. 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. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. 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). 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. 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. After completing his education, Duffuor made the highly lucrative move into banking. 4. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. However, she returned to manage her business after the group incurred losses of up to 1 million within a short period. A significant percentage of the countrys richest individuals are politicians. Ethiopia is home to about 105 million people. Sebhat Nega - $2 Billion. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. August 24, 2021. According to research conducted by Billionaires.Africa. This billion-dollar deal is Ethiopias largest-ever privatization agreement. Ethiopia - $298.57 billion. 2. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. It made her the top 10 richest people and the #1 richest woman in the world. Let us now get into the list of the 20 richest rappers in the world as of 2022 with their net worth details. 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. Algeria - $532.57 billion. . Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. $288.56 billion (PPP, 2021 est.) The 10 Richest People in the World 2021 - Forbes Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. Who is the richest person in the world 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. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. 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. Tekleberhan Ambaye is an industry leader and one of Ethiopias richest men. 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). 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. Taking the position of Prime Minister of Ethiopia from 1995 (until his death in August 2012), Zenawi was hailed as one of Africas strongmen, introducing a multi-party political system, and private press in the country, and reducing child mortality rates. right away. 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. : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, . Seyoum Mesfin - $1.8 Billion. 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 chose Minneapolis, a city in the northern part of the state of Minnesota to settle in. 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. Top 50 Richest Africans | Africa Facts Sergey Brin. 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 China. Date of birth: 24th February 1967. World's 10 richest men see their wealth double during Covid pandemic 91. Source: Oil & Gas, Real Estate and Technology. Akiko Seyoum Ambaye, the daughter of the late and well-known contractor Seyoum Ambaye, is the major shareholder of Orchid Business Group which was established in 2001. Muriuki holds a two-percent stake in the leading financial services group. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials and maximum comfort. 21 Most Beautiful African Women in the World - pinkvilla.com 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. This company went into other sectors of agriculture as well so that it can flourish from all sides. However, less than 3,400 are ultra-high net-worth individuals. The banks share price has dropped 7.8 percent since the start of the year, from Ksh39.8 ($0.322) on Jan. 1 to Ksh36.7 ($0.288) on Feb. 28, pushing its market capitalization below Ksh60 billion. Algeria . 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. He was previously in the position of foreign affairs minister where he had a lot of power over trade. Ten of the richest businessmen in Ethiopia - Billionaires.Africa It is also one of the world's fastest-growing economies. 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. Source:Conglomerate Investment through EAH. 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. Who is the richest person in Ethiopia 2021? | TimesM Richest African Countries 2023 - worldpopulationreview.com Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. Many of these men and women have also achieved exceptional success and are deserving of being included in the list of the richest Ethiopians. Its estimated population is 99,202 people, its 2021 GDP was USD 1.45 billion, and its GNI per capita was 29,800. Nigeria - $514.05 billion. 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. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. 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. Ranked: The Top 10 Richest People on the Planet - Visual Capitalist 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . 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. 2. Rich List 2022 is our definitive guide to the wealth of the UK's richest people. booming construction industry in Ethiopia. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. 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. top 100 richest person in ethiopia 2021. by . 1. Top 20 richest people in Nigeria in 2023 and their net worth He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. 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. $92.413 billion (nominal, 2021 est.) He was also heavily involved in the US War on Terror, helping to eliminate military organisations such as Al Qaeda. 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 $2.5 billion. She has been named Ethiopian Entrepreneur of the Year several times and her accolades in her industry prove that Suhura Khan is one of Ethiopia's richest people. The youngest person to feature in the list is a 23-year old Shashvat Nakrani who founded the . Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. top ten richest men in nigeria. If you have Telegram, you can view and join ETHIOPIAN REPORTER JOB VACANCY IN ETHIOPIA right away. How does your net worth compare to the fortunes of the wealthiest people in the United States? Here's What Iconic Concert Took Place the Year You Graduated High The 10 Richest People in Ghana - Money Inc wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. Source: Conglomerate Investment through EAH. By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. Tekleberhan Ambaye is an industry leader and one of Ethiopia's richest men. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. Meet The Richest People In Illinois | iHeart View profiles for each of the world's 500 richest people, see the biggest movers, and compare fortunes or track returns. 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. 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. 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. Follow us too! According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. icle family law institute 2021; . Deforestation to blame for reduction in rainfall across tropics: study Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. 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. 5. These are the richest people in Illinois, according to Forbes - Chicago Mohammed Al Amoudi, the son of a Saudi father and an Ethiopian mother is Ethiopias richest businessman. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. In 2009, Belayneh's assets rose astronomically with his 134,000,000 ETB or 5,000,000 USD acquisitions of the famous Ethiopia Hotel (Addis Ababa) and the popular Ras Hotel (Adama/Nazreth). The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. In 2010, she retired from the group, leaving her empire to be managed by her sons. 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. 2023 Billionaires.Africa. The Richest Man In Ethiopia - 2022 Scout Africa 3. He was raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. 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. Estimated net worth: $4 billion. 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. His primary businesses include cement, sugar and flour. $180 Billion. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. 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. He would leave the farm and become a school teacher and a political activist. He has been chairman of Ethiopian Airlines. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. Here is a list of the billionaires and millionaires in Ethiopia in 2023. Samuel Tafesse is one of the most famous businessmen in Ethiopia. Richest people in Africa 2022 | Statista This was the beginning of his journey to financial success. 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. 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. Find many great new & used options and get the best deals for LEILEI Black 100% Silk Semi Sheer Blouse Top Short Sleeve Size XL at the best online prices at eBay! 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. 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. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. top 100 richest person in ethiopia 2021 Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. His net worth climbed to $16 billion in 2021, according to Forbes, up from $12.1 billion in 2020 . Paul Ndungu, a prominent Kenyan businessman and shareholder in Pevans East Africa, the company behind the popular SportPesa betting brand, is auctioning off a residential property located in Nairobi. Nigeria - $1.14 trillion. Ethiopian Rich List: Wealthiest Persons In Ethiopia: Mohammed Al Amoudi - $8.45 Billion. 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 . Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. 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. Mohammed Al Amoudi - $8.3 Billion. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. 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. 2. 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. Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. on. 10. Seyoum Mesfin - $1.8 Billion. 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. Ndungu is a prominent Kenyan businessman and shareholder in Pevans East Africa. 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. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. 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. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. Co-operative Bank Group (Co-op Bank), a Nairobi-based financial services group led by Kenyan banking magnate Gideon Muriuki, has successfully secured a total of $100 million in long-term debt from global institutional investors, with the German fund DEG and the Norwegian fund Norfund at the helm. 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. Unfortunately, his family's finances would force him to drop out after three years of higher learning, just short of receiving his degree. 1. Despite ranking only 29th in Africa by economic wealth, Ethiopia is a land of riches for thousands. Even though Ethiopia is classified as one of the developing countries in the world there are still rich people who are living and enjoying life as the Westerners do. 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. Thus the production of coffee is a perfect business that Omer Ali Shifaw set up there. 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. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers.
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