1. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. richest nigerian in houston. Abay Tsehaye - $1.5 Billion. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. 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. 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. 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. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. 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. Tekleberhan Ambaye is an industry leader and one of Ethiopias richest men. The list of Ethiopia's richest models, actors, musicians, businessmen, politicians, producers, footballers, athletes, Instagram influencers, and entrepreneurs are also the most famous and best-known Ethiopian celebrities both in Ethiopia and internationally. The bank first operated in Uganda as the National Bank of India in 1906. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopias richest a billionaire. 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . In 2010, she retired from the group, leaving her empire to be managed by her sons. Gerelta Business Plc. Richest African Countries by GDP. Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. Samuel Tafesse is one of the most famous businessmen in Ethiopia. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. She is the Widow of the late Prime Minister Meles Zenawi, she has ownership interests in many of the biggest companies in Ethiopia. 3. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. 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 It ranks fourth for private wealth held by individuals. 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. This company would be supplemented with SouthWest Development which gives services to companies engaged in the oil and gas industry in Ethiopia. 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. Mohammed Hussein Al Amoudi was born in Ethiopia in 1946 to a Hadhrami father and an Ethiopian mother. 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. 6. Young Rich List wealth takes $11b hit after tech plunge. Copyright 2023 allaboutETHIO.com All Rights Reserved. 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. 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. 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. 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. 1. Elon Musk. 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. Who are the richest celebrities in Ethiopia in 2023? 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 . now scroll down to watch cat videos, Thank me later! Ethiopia is home to over 122 million people, per Worldometer. 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. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. 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. June 6, 2022 . Its highest dividend payout was in 2016, with Ksh4.3 billion ($36.9 million) distributed to shareholders. By comparison, Elon Musk, at over $304 billion, still has a little ways to go just yet. Ketema Kebede created the self-named KK Plc. Top 10 Universities in Africa; 20 Interesting Facts about Africa; Top 100 richest people in africa; Top 7 most developed African countries; Richest Person In Kenya And Top 10 Wealthy Kenyans; Turkey is to completely erase all Somalia's debts to the IMF; 10 trending Kaftan outfit ideas for grooms-to-be; 5 highest paid African football players . was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. Who is the richest company in Uganda? 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. Jimoh Ibrahim - $1.1 billion. Nov 21, 2022. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. 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. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. Kanye West. 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. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. Seyoum Mesfin - $1.8 Billion. 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 . In 2021, the respective headliners were Kendrick Lamar, Tyler, the . Furthermore, a deal with Globelq to create a solar park with 100MW is being negotiated. 9. $127 Billion. Jamel Toppin . August 24, 2021. Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. Source: Conglomerate Investment through EAH. 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. 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. How does your net worth compare to the fortunes of the wealthiest people in the United States? in 1976, as a mere youth. This company went into other sectors of agriculture as well so that it can flourish from all sides. He has enough influence inside the party because he is a veteran there. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. Eskinder's obsession with quality has changed the way several construction companies operate 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. 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. They're worth a collective $12.7 trillion $400 billion less than in 2021, it says. This billion-dollar deal is Ethiopias largest-ever privatization agreement. 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 had a net worth of $3 billion, according to Celebrity Net Worth. Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit in 2022. Fluent in Arabic, Swahili, English, and Amharic the multilingual Ermias would drop out from Haile Selassie I University after only a year and move to the United States, where he would study and become an economist. what is the recommended ratio for lifeguard to swimmer He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. Bill Gates. Brian Shuel // Getty Images. coffee export, and coffee roasting and packing. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. Jeff Bezos of Amazon, the richest one of the world from the US has a net worth of US$ 140 bn. When thinking about the richest people in Ethiopia, the name Ali Al Amoudi will always come up in the minds of almost all Ethiopians. He lives in Glencoe. wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. Berhane Gebrekristos - $2 Billion. With an estimated fortune of $131bn (99bn) he is the . Top 100 country songs of all time. Top 10 Richest People in the World. 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. 2. 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. Upon coming of age, Al Amoudi would travel to the Kingdom of Saudi Arabia and become a citizen of the country. 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 . 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. 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. 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. 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. Nigeria - $514.05 billion. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. Belayneh Kindie began his journey to wealth by starting his company Belayneh Kindie Import and Export (BKIE), in 2005 with the startup capital of only 111,000 USD or 3,000,000 ETB. The list of richest Indians by net worth based on an annual assessment of wealth and assets compiled and published by Forbes magazine. 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. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. Meles Zenawi - $3 Billion. . Furthermore, Akikos OBG also engages in construction machinery rental, spas, gyms, and logistical work. Source: Oil & Gas, Real Estate and Technology. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. 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. He was a part of the diplomatic works that were used by the dictator for money laundering. Odd Reitan of Rema 1000 fame and Norgesgruppen's Johan Johannson place third and fourth on the list with assets of NOK 51 billion and 50.5 billion respectively. As of November 2022, Aliko Dangote was the richest man in Africa. 10. 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. Since its founding in 2005, the company has grown into one of the countrys largest exporters of sesame seeds and a leading Ethiopian agricultural commodities trader. 1. 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. He is still one of the most influential people in the whole of Ethiopia today. For various reasons, such as political, economic, etc., Ethiopians are spread out as Diaspora all over the globe. Eyob Mamo left for the United States in 1981 as a young boy. After the death of her husband - Julia Flesher Koch inherited about a 42% stake in his company .