$127 Billion. He was previously a member of the politburo of TPLF and was close to the dictator. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. The 10 Richest Individuals in Ethiopia ===== Even though Ethiopia is classified as one of the developing countries in the world. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. Barack Obama said that Zenawi deserves recognition for his lifelong contribution to Ethiopias development, particularly to the poor. (Reuters) Larry . Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. Jeff Bezos. 2. After completing his education, Duffuor made the highly lucrative move into banking. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. 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. Wealth Milestones. 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. Following the line of work her parents were in, Suhura upon growing older began her own small business khat dealership. Celebrity Net Worth estimates Al-Amoudis net worth to be around $8.3 billion whereas Bloomberg places his net worth at $5.46 billion. 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 The company has been operating in Ethiopia for over 60 years now and is respected throughout for its competence. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. Nigeria has the highest GDP, but Seychelles has the highest GNI per person. richest nigerian in houston. 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. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group), and Preem (his most valuable asset) through the wholly-owned Petroswede AB. Ethiopia has a great environment for coffee cultivation. A tireless and true businessman, Al Amoudi would also venture into banking, agriculture, cement production, among a dozen other interests. South Africa - $861.93 billion. Forbes places Mohammed Al Amoudis fortune at $8.1 billion as of 2017. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. Furthermore, a deal with Globelq to create a solar park with 100MW is being negotiated. 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. As of November 2022, Aliko Dangote was the richest man in Africa. 3. It's when a person is young and chock full of new emotions that they connect the most intensely with certain songs or performers, after all. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. Ketema Kebede created the self named KK Plc. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. Who is a successful entrepreneur in Ethiopia? Who are the richest celebrities in Ethiopia in 2023? 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. Kanye began his career in the music industry as a producer and he even used to write songs for a few famous and popular . The-CNN-Wire. 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 . 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. top 100 richest person in ethiopia 2021. by . Ethiopia - $298.57 billion. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. 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. 5. Source:Oil & Gas, Real Estate and Technology. 4. He's worth $4.5 billion and is the 638th richest person in the world. Mohammed Al Amoudi, the son of a Saudi father and an Ethiopian mother is Ethiopias richest businessman. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. 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. Upon coming of age, Al Amoudi would travel to the Kingdom of Saudi Arabia and become a citizen of the country. Eyob Joe Mamo - $2.5 Billion. Who is the second richest person in Ethiopia. icle family law institute 2021; . As a local partner in Ethiopia for Japan Tobacco International, he closed a $1.4-billion deal to acquire a 40-percent interest in Ethiopias National Tobacco Enterprise. China. While people on more modest incomes have also seen their assets rise in value during the pandemic, Oxfam said the 10 richest men own six times as much wealth as the bottom 40% (3.1 billion people). Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia, and Ethiopia. He was 57. 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. In Ethiopia, Eskinder hasconsultedand managed various huge road and bridge projects that are a source of pride for Ethiopians. Seyoum Mesfin - $1.8 Billion. Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. There were a record 2,755 billionaires in Forbes' 2021 list of the world's wealthiest people660 more than a year ago. 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. . The following are Ethiopia's top 20 companies and tax payers for the budget year ending in July 2020: (the amounts are approximate). 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. 3. Mohammed Hussein Al Amoudi Biography. in 1976, as a mere youth. 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. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. His company, the Dangote group started as a small trading firm in 1977. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. Read profiles and interviews, and see all the facts and figures for 2022 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. She has her own business and owns shares in various companies around Ethiopia. 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 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. Thus the production of coffee is a perfect business that Omer Ali Shifaw set up there. 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. Here is a list of the billionaires and millionaires in Ethiopia in 2023. At the time of writing, Co-op Bank shares on the Nairobi Securities Exchange were trading at Ksh12.5 ($0.0985), 4 basis points lower than their opening price this morning, pushing the companys market capitalization further below the Ksh74-billion ($580 million) mark. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Since the company is facing competitors the business has decreased making enough profit like before. In the biggest companies and industries, she is a stakeholder and thus she has an estimated worth of $4 billion combining the worth of the dictator and all that she got out of the interests of the companies. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials and maximum comfort. He is still one of the most influential people in the whole of Ethiopia today. 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. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. Algeria - $532.57 billion. Ndegwa owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. Ketema Kebede created the self-named KK Plc. Africa is home to some of the wealthiest people in the world. Meles Zenawi is the former Prime Minister of Ethiopia. He was listed on Forbes as the 67th richest man in Africa and the 183rd in the world. Michael Prince for Forbes. Mohammed Al Amoudi - $8.3 Billion. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization ISO. 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. Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. 2. The IIFL Wealth Hurun India Rich List has revealed the top 100 wealthiest people in the country. Eyob Joe Mamo is an Ethiopian oil tycoon known for running and controlling half of the gas stations in Washington, D.C., through Capitol Petroleum Group, a leading wholesale distributor of petroleum services in the Metro D.C. area and New York City. He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. 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. 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. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. As of 31 December 2020, the banks assets were valued at Shs8. 1 / 63. Ethiopia's First and Largest Blog Network. Despiterankingonly 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. Today, this company owns over a hundred. in 1976, as a mere youth. By 2011, Eyob's company was valued at about 788,000,000 USD or 21,000,000,000 ETB. Amidst a legal dispute with fellow shareholders in Pevans East Africa, Ndungu and another shareholder, Asenath Wachera Maina, were removed from their positions in Pevans East Africa following a special resolution. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). She is the widow of the late dictator Meles. However, the recent bump in his wealth comes after his net worth slumped by $1.25 billion in 2022, from $6.71 billion to $5.46 billion. 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. 7. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. 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. She also has a criminal image of herself among the people of Ethiopia, with the name mother of corruption given to her by the people. She controls over 50% of the khat market in Ethiopia and is also a leader in global sales of the product. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. 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. However, she returned to manage her business after the group incurred losses up to 1 million within a short period. He was a part of the diplomatic works that were used by the dictator for money laundering. Most of the coffee produced here is exported and that made this agricultural company famous. 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. 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. Nigeria - $514.05 billion. Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. Berhane Gebrekristos - $2 Billion. 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. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. He is presently the Ethiopian ambassador to China. In 2010, she retired from the group, leaving her empire to be managed by her sons. If you have Telegram, you can view and join ETHIOPIAN REPORTER JOB VACANCY IN ETHIOPIA right away. 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. 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. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. 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). As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. 1. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. One of the factors contributing to . Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released this week. 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. 3. 2. what is the recommended ratio for lifeguard to swimmer He was previously in the position of foreign affairs minister where he had a lot of power over trade. This billion dollar deal is Ethiopia's largest ever privatization agreement. Below is a list of the top 20 richest Ethiopians in 2022. 1. Kanye West has made it to the top of the list this year by beating Jay-Z. began its explosive rise as one of Ethiopias largest business enterprises. The . 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. 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. 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. It has the power to change the world.. Jimoh Ibrahim - $1.1 billion. The list of richest Indians by net worth based on an annual assessment of wealth and assets compiled and published by Forbes magazine. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. This land would be supplemented with an additional 1,500 hectares of land by the government of the Southern Nations, Nationalities and Peoples. Today, Tashitaa has over 300 trucks and vans, and transports about 15,000 people a day. 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. This is a 120 kilometre (75 mile) strip of land which lies between the . 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. 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 . Tewodros Ashenafi born in 1969 is a highly educated and enterprising individual that has brought significant changes in the Ethiopia's energy sector. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. His power in the Ethiopian cabinet along with the airlines helped him smuggle a lot of drugs within Africa and Asia. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . His company Dangote Group is currently on an expansion drive to many other African countries. 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 company today employs over 2,500 people with a dozen projects with contract values in the range of 5,000,000,000 ETB or 186,000,000 USD. They're worth a collective $12.7 trillion $400 billion less than in 2021, it says. By 2011, Suhura was selling between 30-40 tons of khat every day and was also using Ethiopian embassies and consulates as a means of organizing sales worldwide. Tekleberhan Ambaye is an industry leader and one of Ethiopias richest men. However, less than 3,400 are ultra-high-net-worth individuals. Furthermore, Akikos OBG also engages in construction machinery rental, spas, gyms, and logistical work. 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. Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. He was raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. 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. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. top ten richest men in nigeria. Richest African Countries by GDP. Catch New Video Here: https://bit.ly/2ZxWEKL 91. The recent move of Co-operative Bank Group to secure a total of $100 million in long-term debt from global institutional investors comes three months after the Kenyan financial services group reported a staggering profit of Ksh17 billion ($140 billion) at the end of the first nine months of its 2022 fiscal year. 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. The closest and most trusted friend of Meles and Azeb. 3. Tenth in the list of richest persons in 2022 is Sergey Brin with his $91.4 billion net worth. 10. Brian Shuel // Getty Images. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa.