All this and more, has made Omer Ali Shifaw one of Ethiopia's richest men and a self-made one at that. 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. Advertisement. With annual revenue of more than $100 million, Ethio Biography places his net worth at $1.6 billion. Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released this week. 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. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. 9. 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. 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. Wealth Milestones. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. Samuel Tafesse is one of the most famous businessmen in Ethiopia. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. Beginning with only the import of items to satisfy the local demand, Omer would in 1995 expand to engage deeply within the coffee business. Stanbic Bank is the largest commercial bank in Uganda with assets more than UGX 5.4 trillion. Always looking to grow, Belayneh would spend a further 600,000,000 ETB or 23,000,000 USD to acquire a 40,000 sqm plot of land in Bahir Dar to build a 5 star resort and hotel. How does your net worth compare to the fortunes of the wealthiest people in the United States? Meles Zenawi - $3 Billion. This business guru holds a net worth of $12.5 Billion. Meles Zenawi is the former Prime Minister of Ethiopia. Who are the richest celebrities in Ethiopia in 2023? However, the companys payouts decreased in the following years, with Ksh290.3 million ($2.5 million), Ksh876.5 million ($7.51 million), and Ksh559.9 million ($4.8 million) paid out in 2017, 2018, and 2019, respectively. Date of birth: 24th February 1967. Here is a list of the billionaires and millionaires in Ethiopia in 2023. Ethiopia's First and Largest Blog Network. He was close to Meles but was later kicked out of both organisations. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia, and Ethiopia. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization or ISO. 3. began its explosive rise as one of Ethiopia's largest business enterprises. Heading into 2022, the 10 wealthiest individuals in the world are all worth . 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. 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). The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit in 2022. (Sponsored Content) Published. 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. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. 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. Top 10 Richest People in the World. Now that you know what's the richest country in Africa, you can invest in them to grow your wealth and improve their GDP. This billion dollar deal is Ethiopia's largest ever privatization agreement. 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. 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. The shares from the company have made her present estimated worth of about $1.5 billion. 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. 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. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. His power in the Ethiopian cabinet along with the airlines helped him smuggle a lot of drugs within Africa and Asia. Here's whose net worth grew the most. Forbes places Mohammed Al Amoudis fortune at $8.1 billion as of 2017. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. 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 the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets and like products. Sebhat Nega - $2 Billion. Top 10 Richest People In New Zealand and Their Net Worth 2022. 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. Suhura Ismail Khan was born in the 1960's in the Somali region city of Jijiga in the eastern part of Ethiopia. His net worth climbed to $16 billion in 2021, according to Forbes, up from $12.1 billion in 2020 . Source: Oil & Gas, Real Estate and Technology. 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. It ranks fourth for private wealth held by individuals. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. Mohammed Hussein Al Amoudi Biography. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. 5. 15. 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. In Illinois, the richest person remains Ken Griffin, the founder of Chicago hedge fund Citadel. Eyob Mamo left for the United States in 1981 as a young boy. 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. By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. Despite ranking only 29th in Africa by economic wealth, Ethiopia is a land of riches for thousands. 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. As a result, Ndungu and Maina, who had a combined 38-percent stake in the now-defunct holding company, will not receive any compensation for their investments. Estimated net worth: $4 billion. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . Who is the richest man in Ethiopia in 2022? booming construction industry in Ethiopia. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. We could have simply put together a list of New Jersey's wealthiest people, but NJBIZ . A significant percentage of the countrys richest individuals are politicians. : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, . Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. 4. Abay Tsehaye - $1.5 Billion. in 1976, as a mere youth. ALIKO DANGOTE - NW: $21.6 BILLION. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. 2021 Power 100; 2020 Power 100; 2019 Power 100; 2018 Power 100; 2017 Power 100; Leads & Data Center. The IIFL Wealth Hurun India Rich List has revealed the top 100 wealthiest people in the country. His company Dangote Group is currently on an expansion drive to many other African countries. 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. 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. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. This was the beginning of his journey to financial success. 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. 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. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. 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. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. Berhane Gebrekristos present estimation of net worth is about $2 billion but his real worth previously was even more than this. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. This land would be supplemented with an additional 1,500 hectares of land by the government of the Southern Nations, Nationalities and Peoples. on. He was a part of the diplomatic works that were used by the dictator for money laundering. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. 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. 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. He's worth $4.3 billion and is the 665th richest person in the world. As of December 2023, Tewodros Ashenafis net worth is $5 Million, per All Famous Birthday. 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. Below is a list of the top 20 richest Ethiopians in 2022. Nov 21, 2022. List of wealthiest Canadians (Forbes, 2021) World rank Name Net worth (USD) Source of wealth 33: David Thomson & family: US$41.8 billion: Media 189: Joseph Tsai: . He is presently the Ethiopian ambassador to China. Who is the second richest person in Ethiopia. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. Who is the first billionaire in Ethiopia? Kwabena Duffuor Net Worth - $680 Million. Elon Musk. 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. Find many great new & used options and get the best deals for LEILEI Black 100% Silk Semi Sheer Blouse Top Short Sleeve Size XL at the best online prices at eBay! Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. Eric Lefkofsky: He's the founder of Groupon. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today 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. 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. Its estimated population is 99,202 people, its 2021 GDP was USD 1.45 billion, and its GNI per capita was 29,800. He lives in Chicago. 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. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. Copyright 2023 allaboutETHIO.com All Rights Reserved. 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. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . Select Page. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. Despiterankingonly 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. Ronald Karauri, who made the announcement, revealed that Pevans is facing a staggering Ksh14.3 billion ($114.7 million) in negative equity. 9. Tekleberhan Ambaye (Eng) began his rise to greatness in 1993, registering his self-named TACON or Tekleberhan Ambaye Construction Plc., with an initial capital of 5,000 ETB or 185 USD. Tekleberhan has also opened up Edna Mall, housing a modern movie theater, and one of only two countries in Africa that receive Hollywood movies directly upon their release. Ketema Kebede created the self named KK Plc. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. . now scroll down to watch cat videos, Thank me later! 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. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. 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. Azeb Mesfin. Top 10 RICHEST People in Ethiopia 2021 | Rich and Famous TV Subscribe Here: https://bit.ly/3exoQBy.
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