top 100 richest person in ethiopia 2021

$127 Billion. He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. Here's whose net worth grew the most. However, she returned to manage her business after the group incurred losses up to 1 million within a short period. He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. The following are Ethiopia's top 20 companies and tax payers for the budget year ending in July 2020: (the amounts are approximate). Nigeria - $514.05 billion. He is the richest drug lord in Africa with a long criminal history of selling illegal drugs. 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. In Illinois, the richest person remains Ken Griffin, the founder of Chicago hedge fund Citadel. 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. 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. coffee export, and coffee roasting and packing. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. View profiles for each of the world's 500 richest people, see the biggest movers, and compare fortunes or track returns. 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. It made her the top 10 richest people and the #1 richest woman in the world. As a local partner in Ethiopia for Japan Tobacco International, they would go on to close a deal for 1,400,000,000 USD for the 40% acquisition of Ethiopia's National Tobacco Enterprise. 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. Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit in 2022. Fv 27, 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. 91. 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. As of 31 December 2020, the banks assets were valued at Shs8. 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. Throughout the years, the company has delivered over 2,800 housing units with more on the way. They're worth a collective $12.7 trillion $400 billion less than in 2021, it says. 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. on. 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. 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. Recently, Akiko, along with the Italian Enel Green Power, was 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. Ketema Kebede created the self named KK Plc. 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. 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. Angola - $217.97 billion. Below is a list ofthe top 20 richest Ethiopians in 2023. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. Furthermore, Akikos OBG also engages in construction machinery rental, spas, gyms, and logistical work. Brian Shuel // Getty Images. 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. The company has been operating in Ethiopia for over 60 years now and is respected throughout for its competence. June 6, 2022 . Mamo is the CEO of the D.C.-based group. Tekleberhan Ambaye is an industry leader and one of Ethiopia's richest men. The closest and most trusted friend of Meles and Azeb. Meles Zenawi - $3 Billion. By 2015, Belayneh would go on to invest in Ethiopia's agricultural sector with the initial payment of 25,000,000 ETB or 1,000,000 USD for 250 hectares of land for the cultivation of sesame, coffee, etc. 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. He lives in Chicago. As of November 2022, Aliko Dangote was the richest man in Africa. 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. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . He has also invested in various sectors of business that have made the work simpler for him to gain profits. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. 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. The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group), and Preem (his most valuable asset) through the wholly-owned Petroswede AB. richest nigerian in houston. The IIFL Wealth Hurun India Rich List has revealed the top 100 wealthiest people in the country. 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 . Mohammed Al Amoudi - $8.3 Billion. 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. 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. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. 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. His sibling Naguib . 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. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia and Ethiopia. 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. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. 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. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. 1. Elon Musk, with a fortune of $266 billion, is the richest person on the planet. This company would be supplemented with SouthWest Development which gives services to companies engaged in the oil and gas industry in Ethiopia. Elon Musk. 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. Richest African Countries by GDP. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. Select Page. 9. Belayneh Kindie: Belayneh Kindie started his business, Belayneh Kindie Import and Export (BKIE), in 2005 with a startup capital of just 111,000 USD or 3,000,000 ETB. Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. Ethiopia has a great environment for coffee cultivation. Africa is the second largest continent in the world in terms of land area and population. Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. 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. 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. 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. Mohammed Hussein Ali Al Amoudi is an Ethiopian-Saudi billionaire businessman, who owns and controls many big industrial assets in Sweden, Saudi Arabia, and Ethiopia.He was born in Ethiopia, in 1946, to a Saudi father and an Ethiopian mother. He was close to Meles but was later kicked out of both organisations. Omer owns coffee clearing machines, coffee washing stations and plans to start up a coffee plantation. The world's 10 richest people added $402 billion to their fortunes in 2021. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. Meles Zenawi - $3 Billion. Ethiopians are known to be hard workers and passionate about their chosen endeavors. Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. 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. Ronald Karauri, who made the announcement, revealed that Pevans is facing a staggering Ksh14.3 billion ($114.7 million) in negative equity. Who is the second richest person in Ethiopia. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. By 2006, Belayneh entered the transport business by establishing the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks. He has been chairman of Ethiopian Airlines. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . Copyright 2023 allaboutETHIO.com All Rights Reserved. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. Despite ranking only 29th in Africa by economic wealth, Ethiopia is a land of riches for thousands. Barack Obama said that Zenawi deserves recognition for his lifelong contribution to Ethiopias development, particularly to the poor. 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. 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. 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. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. Top 100 country songs of all time. Celebrity Net Worth estimates Al-Amoudis net worth to be around $8.3 billion whereas Bloomberg places his net worth at $5.46 billion. what is the recommended ratio for lifeguard to swimmer Tenth in the list of richest persons in 2022 is Sergey Brin with his $91.4 billion net worth. In 2009, Belayneh's assets rose astronomically with his 134,000,000 ETB or 5,000,000 USD acquisitions of the famous Ethiopia Hotel (Addis Ababa) and the popular Ras Hotel (Adama/Nazreth). Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. . 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. 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. Africa is home to some of the wealthiest people in the world. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. 9. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. 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. Kwabena Duffuor Net Worth - $680 Million. 2. 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. Jamel Toppin . Nigeria has the highest GDP, but Seychelles has the highest GNI per person. He would start the ardous climb to success by working various jobs, sometimes three at a time. 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. 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. 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. 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. 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. She has her own business and owns shares in various companies around Ethiopia. Forbes places Mohammed Al Amoudis fortune at $8.1 billion as of 2017. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. It spans . Source: Conglomerate Investment through EAH. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. Catch New Video Here: https://bit.ly/2ZxWEKL Seyoum Mesfin - $1.8 Billion. began its explosive rise as one of Ethiopias largest business enterprises. In Ethiopia, Eskinder has consulted and managed various huge road and bridge projects that are a source of pride for Ethiopians.

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