top 100 richest person in ethiopia 2021 top 100 richest person in ethiopia 2021

Always one to keep an eye out for opportunities, Tewodros would also become chairman of Ambo Mineral Water, one of Ethiopia's largest beverage brands. 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. His net worth at present is $500 million. 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. Since the company is facing competitors the business has decreased making enough profit like before. 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. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. This is a 120 kilometre (75 mile) strip of land which lies between the . 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. Beginning his career with Merril Lynch & Co. in New York, Tewodros would go on to be a consultant for large multinational corporations looking to invest primarily in South America and the Commonwealth of Independent States. Top 100 country songs of all time. Ethiopia-born billionaire Mohammed Al-Amoudi. 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. He had a net worth of $3 billion, according to Celebrity Net Worth. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. Despite ranking only 29th in Africa by economic wealth, Ethiopia is a land of riches for thousands. Samuel Tafesse - $1.6 Billion. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. 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. 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. South Africa - $861.93 billion. Top 10 Richest Men In Uganda 2021 Upon coming of age, Al Amoudi would travel to the Kingdom of Saudi Arabia and become a citizen of the country. 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. He is the richest drug lord in Africa with a long criminal history of selling illegal drugs. He was one of the closest to the dictator Meles and his wife Azeb Mesfin. 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. This land would be supplemented with an additional 1,500 hectares of land by the government of the Southern Nations, Nationalities and Peoples. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. 8. Algeria - $532.57 billion. Seeing this unfortunate management crisis, Suhura returned to the helm of the business. Date of birth: 24th February 1967. Belayneh Kindie. He would start the ardous climb to success by working various jobs, sometimes three at a time. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. Khat is a leafy green plant containing two main stimulants used mainly in North East Africa, the Arabian Peninsula, and expatriate communities from these regions. 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. 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. ALIKO DANGOTE - NW: $21.6 BILLION. Celebrity Net Worth estimates Al-Amoudis net worth to be around $8.3 billion whereas Bloomberg places his net worth at $5.46 billion. She is the widow of the late dictator Meles. Today, this company owns over a hundred. In 2011, her group recorded sales between 30 and 40 tonnes of khat per day. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. Musk might hold the current title of the richest person in the world, but he also holds a record for the biggest fortune ever lost by anyone in history. 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. Elon Musk, with a fortune of $266 billion, is the richest person on the planet. 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. If you have Telegram, you can view and join ETHIOPIAN REPORTER JOB VACANCY IN ETHIOPIA right away. By 2015, Samuel would expand to become the only one in Africa to open a Mariott Executive Apartment, and the only one in Sub-Saharan Africa to have a Marriott branded hotel. Now that you know what's the richest country in Africa, you can invest in them to grow your wealth and improve their GDP. He was listed on Forbes as the 67th richest man in Africa and the 183rd in the world. 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. 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . This includes the landmark Marriott Executive Apartments in Addis Ababa. Fv 27, 2023 . By. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. 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. 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. Meles Zenawi is the former Prime Minister of Ethiopia. 2. 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. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. 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 a politician from the ruling party in Ethiopia. Whitney MacMillan (conceived September 25, 1929) is a beneficiary to the Cargill-MacMillan fortune and filled in as the CEO of Cargill, America's most significant privately owned business. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. 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 businesses produced 1.6% of total U.S. economic output. June 6, 2022 . Who is the richest company in Uganda? He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. This company would be supplemented with SouthWest Development which gives services to companies engaged in the oil and gas industry in Ethiopia. Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released this week. financial services group prepares to launch. Xu Rongmao & family. 6. It has the power to change the world.. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. 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. Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. 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. Samuel Tafesse is one of the most famous businessmen in Ethiopia. coffee export, and coffee roasting and packing. 1. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. The 10 Richest Individuals in Ethiopia ===== Even though Ethiopia is classified as one of the developing countries in the world. Jeff Bezos. 15 of the Richest Ethiopians and their Successful Companies in 2021-----. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. Mohammed Al Amoudi - $8.3 Billion. Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. Through the crafty use of his familys trading background, Ketema began to retail acrylic yarn and other similar items that were in high demand throughout Ethiopia. Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. 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. Muriuki holds a two-percent stake in the leading financial services group. 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. 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. Richest African Countries by GDP. He was close to Meles but was later kicked out of both organisations. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. Source:Oil & Gas, Real Estate and Technology. According to Wikipedia, he began his career at Ghana Commercial Bank in 1969. For various reasons, such as political, economic, etc., Ethiopians are spread out as Diaspora all over the globe. As a khat street vendor, her profits were very small until she began to explore the business opportunities in the neighboring country of Somaliland. When thinking about the richest people in Ethiopia, the name Ali Al Amoudi will always come up in the minds of almost all Ethiopians. 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. 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. 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. 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. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. Here's whose net worth grew the most. The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group), and Preem (his most valuable asset) through the wholly-owned Petroswede AB. 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 Weeknd - $200 Million. Furthermore, Zenawi received praise for his work towards a stable relationship with the African Union, playing an important role in improving the continents position on climate change. Read profiles and interviews, and see all the facts and figures for 2022 The California based technology entrepreneur is the Board member and co-founder of . now scroll down to watch cat videos, Thank me later! Despiterankingonly 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. 7. 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 . Who are the richest celebrities in Ethiopia in 2023? 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. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in 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 He is still one of the most influential people in the whole of Ethiopia today. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . $92.413 billion (nominal, 2021 est.) 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. Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. Who is the second richest person in Ethiopia. Its estimated population is 99,202 people, its 2021 GDP was USD 1.45 billion, and its GNI per capita was 29,800. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. 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. Berhane Gebrekristos - $2 Billion. The . Ketema Kebede created the self-named KK Plc. 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. 1. 2023 Billionaires.Africa. Berhane Gebrekristos - $2 Billion. According to the latest 2022 Africa Wealth Report, the total private wealth currently held on the African continent is USD 2.1 trillion and is expected to rise by 38% over the next 10 years. With an estimated fortune of $131bn (99bn) he is the . By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. 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. Ethiopia is home to about 105 million people. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. Eyob Mamo left for the United States in 1981 as a young boy. top ten richest men in nigeria. Up next with a net worth of $680 million is Kwabena Duffuor. The company has more than 3,000 employees. Stanbic Bank is the largest commercial bank in Uganda with assets more than UGX 5.4 trillion. Source: Oil & Gas, Real Estate and Technology. Shimao. Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. Jamel Toppin . Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. 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. Patrick T. Fallon/Bloomberg. Moreover, she was also elected as Miss ECOWAS in 2013, winning a cash prize of $6,000 US dollars.