He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. Eyob Joe Mamo - $2.5 Billion. 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. 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. This company would be supplemented with SouthWest Development which gives services to companies engaged in the oil and gas industry in Ethiopia. In 2011, her group recorded sales between 30 and 40 tonnes of khat per day. what is the recommended ratio for lifeguard to swimmer 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. Eskinders obsession with quality has changed the way several construction companies operate in Ethiopia. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. His net worth at present is $500 million. He was listed on Forbes as the 67th richest man in Africa and the 183rd in the world. 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. Who is the richest company in Uganda? If you have Telegram, you can view and join ETHIOPIAN REPORTER JOB VACANCY IN ETHIOPIA right away. He was raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. Azeb Mesfin - $4 Billion. By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. on. By. Who is the second richest person in Ethiopia. In Ethiopia, Eskinder hasconsultedand managed various huge road and bridge projects that are a source of pride for Ethiopians. He has made a lot of profit in this business in the past few years and his estimated worth at present is $1.8 billion. He is the richest drug lord in Africa with a long criminal history of selling illegal drugs. 3. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Ethiopia is home to about 105 million people. richest nigerian in houston. 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. 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. 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. 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 . Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. 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. Before becoming the prime minister of his native country, Zenawi was the president of Ethiopia in the nineties (from 1991 to 1995). . 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. 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 . 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 Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. $180 Billion. Akiko's deal with the EEP or Ethiopian Electric Power would make her the first Ethiopian to build a privately owned and operated solar plant in the country. All this and more, has made Omer Ali Shifaw one of Ethiopia's richest men and a self-made one at that. Mohammed Hussein Al Amoudi was born in Ethiopia in 1946 to a Hadhrami father and an Ethiopian mother. 2. Up next with a net worth of $680 million is Kwabena Duffuor. Furthermore, Akiko's OBG also engages in construction machinery rental, spas, gyms, and logistical works. Young Rich List wealth takes $11b hit after tech plunge. 3. A significant percentage of the countrys richest individuals are politicians. 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. Berhane Gebrekristos - $2 Billion. It made her the top 10 richest people and the #1 richest woman in the world. Seyoum Mesfin - $1.8 Billion. 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. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released this week. 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. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. Follow us too! Its highest dividend payout was in 2016, with Ksh4.3 billion ($36.9 million) distributed to shareholders. 1 / 63. $127 Billion. Beginning with only the import of items to satisfy the local demand, Omer would in 1995 expand to engage deeply within the coffee business. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. 1. Date of birth: 24th February 1967. 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. Eyob Mamo left for the United States in 1981 as a young boy. booming construction industry in Ethiopia. He was also a member of the committee for the Endowment Fund For Relief 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. He was 57. 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. Ethiopia is home to over 122 million people, per Worldometer. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. The-CNN-Wire. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. He was close to Meles but was later kicked out of both organisations. Although no longer living, Mohammed Tures company is run by 6 members of the Ture family. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. However, less than 3,400 are ultra-high-net-worth individuals. Samuel Tafesse - $1.6 Billion. Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. 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. From Nigeria, he is the founder and . 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. 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. 2. Africa is the second largest continent in the world in terms of land area and population. How does your net worth compare to the fortunes of the wealthiest people in the United States? Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials, and maximum comfort. 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 primary businesses include cement, sugar and flour. list of the billionaires and millionaires in Ethiopia. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. Samuel Tafesse - $1.6 Billion. He was one of the closest to the dictator Meles and his wife Azeb Mesfin. Mohammed Al Amoudi - $8.3 Billion. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. 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. Nigeria has the highest GDP, but Seychelles has the highest GNI per person. After 22 years away from his homeland, Ermias would return with his experience in Wall Street's stock exchange and start innovative businesses in Ethiopia. Below is a list ofthe top 20 richest Ethiopians in 2023. However, she returned to manage her business after the group incurred losses up to 1 million within a short period. Mohammed Al Amoudi - $8.3 Billion. The world's 10 richest people added $402 billion to their fortunes in 2021. Who is a successful entrepreneur in Ethiopia? According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. Berhane Gebrekristos present estimation of net worth is about $2 billion but his real worth previously was even more than this. iwi masada aftermarket parts. Following the opening of its 22nd location in Hamburgs trendy St. Pauli District, the group is on course to control 500 global soleRebels branded retail stores and generate $1 billion in revenues by 2028. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. 1. Ethiopia-born billionaire Mohammed Al-Amoudi. Always looking to grow, Belayneh would spend a further 600,000,000 ETB or 23,000,000 USD to acquire a 40,000 sqm plot of land in Bahir Dar to build a 5 star resort and hotel. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. 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. Top 20 Richest People In Pakistan and Their Net Worth 2022. Its estimated population is 99,202 people, its 2021 GDP was USD 1.45 billion, and its GNI per capita was 29,800. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials and maximum comfort. 8. 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 . After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses in Ethiopia. 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. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. This land would be supplemented with an additional 1,500 hectares of land by the government of the Southern Nations, Nationalities and Peoples. Here is a list of the billionaires and millionaires in Ethiopia in 2023. Despiterankingonly 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. In 2011, her group recorded sales of between 30 and 40 tonnes of khat per day. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. 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. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. As a khat street vendor, her profits were very small until she began to explore the business opportunities in the neighboring country of Somaliland. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. Catch New Video Here: https://bit.ly/2ZxWEKL 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. Sebhat Nega - $2 Billion. Seyoum Mesfin - $1.8 Billion. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. Berhane Gebrekiristos. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. Mohammed Al Amoudi - $8.3 Billion. 11 . With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. Ethiopia - $298.57 billion. Jamel Toppin . Who is the first billionaire in Ethiopia? Egypt - $394.28 billion. 10. Ndegwa owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. Today, this company owns over a hundred. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. However, less than 3,400 are ultra-high net-worth individuals. began its explosive rise as one of Ethiopia's largest business enterprises. 1. He lives in Chicago. He also explained the requirements for the special resolution to pass, stating that it must receive the support of shareholders holding a minimum combined stake of 75 percent. 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. Nega was one of the most powerful men in Ethiopia. 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. 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. in 1976, as a mere youth. He is extremely influential in the country. 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. 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. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. 2021 Power 100; 2020 Power 100; 2019 Power 100; 2018 Power 100; 2017 Power 100; Leads & Data Center. 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 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. Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . Berhane Gebrekristos - $2 Billion. 5. began its explosive rise as one of Ethiopias largest business enterprises. 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. 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. Mamo is the CEO of the D.C.-based group. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. $288.56 billion (PPP, 2021 est.) Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. Upon coming of age, Al Amoudi would travel to the Kingdom of Saudi Arabia and become a citizen of the country. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization ISO. He would leave the farm and become a school teacher and a political activist. . 9. 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. By2016, Tewodros would play a vital role in one of Africa's largest private sector business transactions. In 2020, private wealth in Ethiopia was estimated at $57 billion, $1-billion higher than the figure for Ghana and $33-billion lower than Kenya's $90 billion. 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. Gerelta Business Plc. Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. Expanding legalization has driven an increase in bets on football's big game, with wagers more than doubling from 2021 to 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. Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. Akiko's deal with the EEP or Ethiopian Electric Power would make her the first Ethiopian to build a privately owned and operated solar plant in the country. This is a 120 kilometre (75 mile) strip of land which lies between the . Unfortunately, his family's finances would force him to drop out after three years of higher learning, just short of receiving his degree. 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. 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. He is the leading name behind Nejat International which is involved in supplying high-grade coffee to other countries around the world. It is also one of the world's fastest-growing economies. 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. He lives in Glencoe. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. She is the widow of the late dictator Meles. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . 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. $113 . Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. 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. He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. 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. Nov 21, 2022. 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. February 6, 2023. Ronald Karauri, who made the announcement, revealed that Pevans is facing a staggering Ksh14.3 billion ($114.7 million) in negative equity. By comparison, Elon Musk, at over $304 billion, still has a little ways to go just yet. What is the net worth of Ethiopia? Azeb Mesfin - $4 Billion. 1. His net worth climbed to $16 billion in 2021, according to Forbes, up from $12.1 billion in 2020 . As of December 2023, Tewodros Ashenafis net worth is $5 Million, per All Famous Birthday. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets and like products. Michael Prince for Forbes. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). It ranks fourth for private wealth held by individuals. Ethiopia's First and Largest Blog Network. Who is the richest man in Ethiopia in 2022? Mohammed Hussein Al Amoudi Biography. Advertisement. 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 Jan 2023, India has 166 billionaires which put the country third in the world, after the United States and China. 9. 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. Morocco - $302.77 billion. The company has been operating in Ethiopia for over 60 years now and is respected throughout for its competence. Always one looking for more, Samuel would go on to sign agreements with Marriott International and Hilton Worldwide to develop 3 hotel brands in Ethiopia under his company. $92.413 billion (nominal, 2021 est.) As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . As a major shareholder of Tsehay Industry and Tsehay Insurance Share Company, Belayneh would have vast control in Ethiopia's manufacture of LTZ, sheet metal, etc. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. In 2010, she retired from the group, leaving her empire to be managed by her sons. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. According to research conducted by Billionaires.Africa. 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. Akikos deal with the EEP or Ethiopian Electric Power would make her the first Ethiopian to build a privately owned and operated a solar plant in the country. Kwabena Duffuor Net Worth - $680 Million. Moreover, she was also elected as Miss ECOWAS in 2013, winning a cash prize of $6,000 US dollars. 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. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . Before starting his company in Ethiopia, Eskinder had already become a success in Germany. 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 Meles Zenawi wasan Ethiopian politician and businessman born on May 9, 1955, but died on Aug 20, 2012, at age of 57 years old. top 100 richest person in ethiopia 2021. by . 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. Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit in 2022.