Brian Shuel // Getty Images. 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. As per the index, President Dangote Group, Aliko Dangote, has retained his position as the continent's wealthiest man for the eleventh year in a row with a net worth of $20.5 billion, up from $20.3 billion last month. Furthermore, Akiko's OBG also engages in construction machinery rental, spas, gyms, and logistical works. She is the widow of the late dictator Meles. This billion dollar deal is Ethiopia's largest ever privatization agreement. 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. 15 of the Richest Ethiopians and their Successful Companies in 2021-----. 3. 7. Eyob Joe Mamo - $2.5 Billion. Catch New Video Here: https://bit.ly/2ZxWEKL coffee export, and coffee roasting and packing. 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 $2.56 million as Palm Hills shares slump by double digits. Jeff Bezos of Amazon, the richest one of the world from the US has a net worth of US$ 140 bn. By. 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. 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. 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. Tewodros Ashenafi born in 1969 is a highly educated and enterprising individual that has brought significant changes in the Ethiopia's energy sector. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. This financing will aid Co-op Bank in strengthening its capital base, with Norfund participating in the financing through a direct credit line of $16 million and an additional $3.4 million through European Financing Partners. Follow us too! 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. 5. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. . Michael Prince for Forbes. Liya Kebede . This includes the landmark Marriott Executive Apartments in Addis Ababa. The bank first operated in Uganda as the National Bank of India in 1906. His businesses produced 1.6% of total U.S. economic output. Top 10 Richest Men In Uganda 2021 They're worth a collective $12.7 trillion $400 billion less than in 2021, it says. 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. 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. Date of birth: 24th February 1967. 2021 Power 100; 2020 Power 100; 2019 Power 100; 2018 Power 100; 2017 Power 100; Leads & Data Center. 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. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials, and maximum comfort. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. He is presently the Ethiopian ambassador to China. 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. 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. | Website by ethioSEO | Terms of Use | Privacy Policy | Disclosure | Cookies Policy. Kanye West. He had a net worth of $3 billion, according to Celebrity Net Worth. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. Azeb Mesfin. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. The . Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. 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. The company has been operating in Ethiopia for over 60 years now and is respected throughout for its competence. in 1976, as a mere youth. Following a brain tumor operation in Brussels, Zenawi died from contracting an infection in August 2012. 1. Samuel Tafesse was born to a low income family and was forced to work as a youth of only 14 years old to support his family. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. Algeria . Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Who is the richest company in Uganda? However, she returned to manage her business after the group incurred losses of up to 1 million within a short period. 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! 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. Bill Gates. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. 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. 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. 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. 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 . Ethiopia's First and Largest Blog Network. He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. 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. Muriuki holds a two-percent stake in the leading financial services group. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. Most of the coffee produced here is exported and that made this agricultural company famous. The list of richest Indians by net worth based on an annual assessment of wealth and assets compiled and published by Forbes magazine. 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. 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. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. With a degree in economics from Columbia University as well as an alumnus of the world renowned Harvard Business School, Tewodros well versed in the ways of international business would bring his knowledge to Ethiopia, after holding prominent positions in the west. The Weeknd - $200 Million. Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. $180 Billion. Copyright 2023 allaboutETHIO.com All Rights Reserved. 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. . When thinking about the richest people in Ethiopia, the name Ali Al Amoudi will always come up in the minds of almost all Ethiopians. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. 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. Egypt - $394.28 billion. 1. Xu Rongmao & family. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. Jimoh Ibrahim - $1.1 billion. 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. He was close to Meles but was later kicked out of both organisations. From a dishwasher to security guard to a factory worker, Tashitaa would work and work and eventually begin his own transportation company in 2003, using his wife's van. 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. Eyob Mamo left for the United States in 1981 as a young boy. 4. 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. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization or ISO. 1 / 63. The-CNN-Wire. 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. As of 31 December 2020, the banks assets were valued at Shs8. All this and more, has made Omer Ali Shifaw one of Ethiopia's richest men and a self-made one at that. 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. 15. Free shipping for many products! Mohammed Hussein Al Amoudi Biography. Ethiopia has a great environment for coffee cultivation. 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. 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. 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. Its highest dividend payout was in 2016, with Ksh4.3 billion ($36.9 million) distributed to shareholders. 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. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. All in all, Belayneh Kindie, an Ethiopian billionaire and one of Ethiopia's richest, is a titan of business, with his successful enterprises ranging from hotels, import/export, transport, rental, manufacturing, agriculture, etc. Primarily engaged in the export of oil seeds and other similar products, BKIE rose to become the Ethiopia's largest exporters of sesame seeds by 2010. Elon Musk. The Ethiopian men and women who have spearheaded the country's phenomenal growth stem from various backgrounds, ethnicities, and religions. 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. Source: Oil & Gas, Real Estate and Technology. 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. 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. Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. However, his leadership came under serious attack, as he was accused of abusing a string of human rights issues and repressing the freedom of the press/speech. Tekleberhan Ambaye (Eng) began his rise to greatness in 1993, registering his self named TACON or Tekleberhan Ambaye Construction Plc., with the initial capital of 5,000 ETB or 185 USD. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. Tenth in the list of richest persons in 2022 is Sergey Brin with his $91.4 billion net worth. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. Source: Conglomerate Investment through EAH. 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. 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. 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. Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. Here is a list of the billionaires and millionaires in Ethiopia in 2023. The top 10 richest people on the planet have a combined net worth of $1.4 trillion. Buzayehu T. Bizenu is the founder of East African Holding Share Company (EAH S.C.), a huge conglomerate of companies operating in almost all the large business sectors of Ethiopia. A significant percentage of the countrys richest individuals are politicians. 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . What is the richest country in Africa? Tekleberhan Ambaye is an industry leader and one of Ethiopias richest men. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. He was listed on Forbes as the 67th richest man in Africa and the 183rd in the world. The enterprising Eyob buys his gas from refiners and then sells it to the operators of the stations he owns. He has also invested in various sectors of business that have made the work simpler for him to gain profits. Mohammed Al Amoudi - $8.3 Billion. 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. It spans . She is the Widow of the late Prime Minister Meles Zenawi, she has ownership interests in many of the biggest companies in Ethiopia. $127 Billion. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. Before becoming the prime minister of his native country, Zenawi was the president of Ethiopia in the nineties (from 1991 to 1995). 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. 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.

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