in 1976, as a mere youth. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. $92.413 billion (nominal, 2021 est.) Nega was one of the most powerful men 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. Source: Conglomerate Investment through EAH. From Nigeria, he is the founder and . Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). As of June 2022, Nassef Sawiris, with a net worth of 7.3 billion U.S. dollars, is the richest man in Egypt, fourth richest in the African continent, and ranked 292 in the world. 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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. Nigeria - $514.05 billion. Nigeria is the richest and most populous country in Africa. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. Wealth Milestones. Ketema Kebede created the self-named KK Plc. iwi masada aftermarket parts. He is the leading name behind Nejat International which is involved in supplying high-grade coffee to other countries around the world. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. Gerelta Business Plc. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. 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. This business guru holds a net worth of $12.5 Billion. Nigeria - $1.14 trillion. Suhura Ismail Khan was born in the 1960's in the Somali region city of Jijiga in the eastern part of Ethiopia. Kanye West has made it to the top of the list this year by beating Jay-Z. Now, let's take a look at the top 10 in more detail. By 2011, Eyob's company was valued at about 788,000,000 USD or 21,000,000,000 ETB. Ethiopia has a great environment for coffee cultivation. financial services group prepares to launch. 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. Top 20 Richest People In Pakistan and Their Net Worth 2022. Since the company is facing competitors the business has decreased making enough profit like before. 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. 15. Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. 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 . Seeing this unfortunate management crisis, Suhura returned to the helm of the business. He was previously in the position of foreign affairs minister where he had a lot of power over trade. However, less than 3,400 are ultra-high-net-worth individuals. The data and graphics were last updated on November 8th, 2021. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. Mohammed Al Amoudi - $8.3 Billion. Sebhat Nega - $2 Billion. The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group) and Preem (his most valuable asset) through the wholly-owned Petroswede AB. 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. Throughout the years, the company has delivered over 2,800 housing units with more on the way. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Source: Oil & Gas, Real Estate and Technology. 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). top ten richest men in nigeria. Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. February 6, 2023. 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. 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. His father, who owned Mamo Kacha a bus transport company in Addis Ababa, sent Eyob to a Dakota boarding school to protect him from the ruling military Derg government. 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. 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. 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. The Weeknd - $200 Million. 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. He had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. Today, the group maintains active operations in trade, transportation, construction material rentals, hotels, domestic business investments, and product and service sales in Ethiopia and abroad. Kenyan businessman Andrew Ndegwas stake in NCBA Group has declined in the past 59 days due to the depreciation of the Kenyan shilling and selling pressures on the Nairobi Securities Exchange, which have impacted the valuation of the Nairobi-based financial services provider. Jimoh Ibrahim - $1.1 billion. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. Sergey Brin. Mamo is the CEO of the D.C.-based group. Source:Oil & Gas, Real Estate and Technology. Brian Shuel // Getty Images. A significant percentage of the countrys richest individuals are politicians. It ranks fourth for private wealth held by individuals. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. Eyob Joe Mamo - $2.5 Billion. 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 . It is also one of the world's fastest-growing economies. 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. Co-op Bank, which is one of the largest financial organizations in East Africa, is led by Muriuki, a multimillionaire banker and businessman, who holds a two-percent stake in the leading financial services group. Samuel Tafesse is one of the most famous businessmen in Ethiopia. August 24, 2021. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. Meles Zenawi wasan Ethiopian politician and businessman born on May 9, 1955, but died on Aug 20, 2012, at age of 57 years old. 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. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. The shares from the company have made her present estimated worth of about $1.5 billion. 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. 7. 1. 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. Elon Musk, with a fortune of $266 billion, is the richest person on the planet. booming construction industry in Ethiopia. Nigeria has the highest GDP, but Seychelles has the highest GNI per person. Moreover, she was also elected as Miss ECOWAS in 2013, winning a cash prize of $6,000 US dollars. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia, and Ethiopia. Berhane Gebrekristos - $2 Billion. He is extremely influential in the country. There were a record 2,755 billionaires in Forbes' 2021 list of the world's wealthiest people660 more than a year ago. Eyob Joe Mamo - $2.5 Billion. In 2011, her group recorded sales between 30 and 40 tonnes of khat per day. Seyoum Mesfin - $1.8 Billion. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. 2. Source: Oil & Gas, Real Estate and Technology. Meles Zenawi is the former Prime Minister of Ethiopia. Estimated net worth: $10 billion. Muriuki holds a two-percent stake in the leading financial services group. Despiterankingonly 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. He's worth $4.3 billion and is the 665th richest person in the world. A tireless and true businessman, Al Amoudi would also venture into banking, agriculture, cement production, among a dozen other interests. Nov 21, 2022. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. Search by Location. One of the factors contributing to . 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. 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. He is presently the Ethiopian ambassador to China. Angola - $217.97 billion. Ethiopia-born billionaire Mohammed Al-Amoudi. list of the billionaires and millionaires in Ethiopia. The world's 10 richest people added $402 billion to their fortunes in 2021. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. 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. 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. 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. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. Azeb Mesfin - $4 Billion. 3. Ethiopian Rich List: Wealthiest Persons In Ethiopia: Mohammed Al Amoudi - $8.45 Billion. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. Patrick T. Fallon/Bloomberg. 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 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. A significant percentage of the countrys richest individuals are politicians. This company would be supplemented with SouthWest Development which gives services to companies engaged in the oil and gas industry in Ethiopia. Mamo is the CEO of the D.C.-based group. 1. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. All this and more, has made Omer Ali Shifaw one of Ethiopia's richest men and a self-made one at that. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia'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. 6. Ketema Kebede created the self named KK Plc. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. Heading into 2022, the 10 wealthiest individuals in the world are all worth . 91. 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. ALIKO DANGOTE - NW: $21.6 BILLION. 1. 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 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. According to Wikipedia, he began his career at Ghana Commercial Bank in 1969. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. 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. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. According to data tracked by Billionaires.Africa, the Kenyan businessmans stake in NCBA has lost Ksh219.82 million ($2.39 million) in market value since the beginning of the year, owing to renewed selling pressure on the local bourse. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. Who is the richest person in Uganda 2021? 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. He chose Minneapolis, a city in the northern part of the state of Minnesota to settle in. | Website by ethioSEO | Terms of Use | Privacy Policy | Disclosure | Cookies Policy. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. who is therichestperson in Ethiopia 2022. Who is the youngest millionaire in Ethiopia? in 1976, as a mere youth. 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. Samuel Tafesse is one of the most famous businessmen in Ethiopia. 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. Having ten children, Suhura planned to retire from her business and go on an extended pilgrimage in 2010, but her 4 eldest sons managed to incur losses of up to 1,000,000 Euros in a short period of time. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. Berhane Gebrekristos - $2 Billion. Meles Zenawi - $3 Billion. on. Ethiopia is home to over 122 million people, per Worldometer. Top 10 Wealthiest/Richest People In Ethiopia In 2023. Although no longer living, Mohammed Ture's company is run by 6 members of the Ture family. What is the richest country in Africa? 5. 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. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. 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. Africa is the second largest continent in the world in terms of land area and population. 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. 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. Furthermore, a deal with Globelq to create a solar park with 100MW is being negotiated. Seyoum Mesfin - $1.8 Billion. His company Dangote Group is currently on an expansion drive to many other African countries. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. Africa is home to some of the wealthiest people in the world. 2021 Power 100; 2020 Power 100; 2019 Power 100; 2018 Power 100; 2017 Power 100; Leads & Data Center. By 2006, Belayneh entered the transport business by establishing the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks. The enterprising Samuel would land a job as a construction worker upon completing high school and go on to study engineering at Addis Ababa University. He was also heavily involved in the US War on Terror, helping to eliminate military organisations such as Al Qaeda. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. The enterprising Eyob buys his gas from refiners and then sells it to the operators of the stations he owns. Date of birth: 24th February 1967. 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. Michael Prince for Forbes. 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 . This billion dollar deal is Ethiopia's largest ever privatization agreement. This billion-dollar deal is Ethiopias largest-ever privatization agreement. It made her the top 10 richest people and the #1 richest woman in the world. Many of these men and women have also achieved exceptional success and are deserving of being included in the list of the richest Ethiopians. Tekleberhan Ambaye is an industry leader and one of Ethiopias richest men. He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. Furthermore, Akiko's OBG also engages in construction machinery rental, spas, gyms, and logistical works. This billion-dollar deal is Ethiopias largest-ever privatization agreement. 9. 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. 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. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. Below is a list ofthe top 20 richest Ethiopians in 2023. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. The closest and most trusted friend of Meles and Azeb. Algeria . Samuel Tafesse - $1.6 Billion. He was previously a member of the politburo of TPLF and was close to the dictator. The $161 million bump in his wealth figures can be attributed to the strong performance of his industrial assets in Ethiopia, Saudi Arabia, and Sweden, which continues to track the performance of publicly . $113 . Omer owns coffee clearing machines, coffee washing stations and plans to start up a coffee plantation. coffee export, and coffee roasting and packing. Net Worth: $6.6 billion. richest nigerian in houston. Sebhat Nega - $2 Billion. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. Mohammed Al Amoudi - $8.3 Billion. 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. Abay Tsehaye - $1.5 Billion. Forbes places Mohammed Al Amoudis fortune at $8.1 billion as of 2017. what is the recommended ratio for lifeguard to swimmer Meles Zenawi - $3 Billion. Expanding legalization has driven an increase in bets on football's big game, with wagers more than doubling from 2021 to 2022. He lives in Glencoe. 11 . He was a part of the diplomatic works that were used by the dictator for money laundering. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. 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. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. 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. Eric Lefkofsky: He's the founder of Groupon. By. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. 2. 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. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. 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. Azeb Mesfin - $4 Billion. 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 . 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. Ermias Amelga was born in Addis Ababa but would move to Egypt and later to Kenya but would return to Addis Ababa to study secondary school and university. Barack Obama said that Zenawi deserves recognition for his lifelong contribution to Ethiopias development, particularly to the poor. 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. $288.56 billion (PPP, 2021 est.) Copyright 2023 allaboutETHIO.com All Rights Reserved. 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 $1 billion in revenues by 2028. Jeff Bezos of Amazon, the richest one of the world from the US has a net worth of US$ 140 bn. Today, Suhura runs her khat empire from Jijiga with thousands of employees, a multitude of transport trucks, and even an airline of her own (Suhura Airways). His businesses produced 1.6% of total U.S. economic output. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. 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. 3. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials and maximum comfort. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF.
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