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 . Kenya - $269.29 billion. richest nigerian in houston. 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. $127 Billion. Select Page. 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 . Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopias richest a billionaire. Top 20 Richest People In Pakistan and Their Net Worth 2022. Mohammed Al Amoudi - $8.3 Billion. Who is the second richest person in Ethiopia. Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. 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. 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. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. . Today, Suhura runs her khat empire from Jijiga with thousands of employees, a multitude of transport trucks, and even an airline of her own (Suhura Airways). Nov 21, 2022. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. 5. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. 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. 3. 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. All this and more, has made Omer Ali Shifaw one of Ethiopia's richest men and a self-made one at that. Most of the coffee produced here is exported and that made this agricultural company famous. He is the leading name behind Nejat International which is involved in supplying high-grade coffee to other countries around the world. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. For some context, . It ranks fourth for private wealth held by individuals. August 24, 2021. 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. Top 10 Richest Men In Uganda 2021 Eyob "Joe" Mamo. 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. 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. Liya Kebede . He was previously a member of the politburo of TPLF and was close to the dictator. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. 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. Top 100 country songs of all time. Seyoum Mesfin - $1.8 Billion. This company went into other sectors of agriculture as well so that it can flourish from all sides. A true business man at heart that rose from humble beginnings to become one of the richest Ethiopians, Ketema Kebede is a true inspiration for all hoping to achieve substantial success. Notably, Norfund revealed that a subordinated loan of $19.4 million was channeled through the European Financing Partners, a joint venture between the European Investment Bank (EIB) and several other European funds. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. 4. top 100 richest person in ethiopia 2021. by . Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials and maximum comfort. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. 1. 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. However, less than 3,400 are ultra-high-net-worth individuals. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. In Ethiopia, Eskinder has consulted and managed various huge road and bridge projects that are a source of pride for Ethiopians. 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. He would start the ardous climb to success by working various jobs, sometimes three at a time. 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. Azeb Mesfin. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. For the 11th year in a row, Alike Dangote of Nigeria is the continent's richest person, worth an estimated $13.9 billion, up from $12.1 billion last year following a 30% increase in the stock . Nigeria - $1.14 trillion. Shimao. Xu Rongmao & family. right away. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials, and maximum comfort. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. 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. 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). His net worth climbed to $16 billion in 2021, according to Forbes, up from $12.1 billion in 2020 . 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. coffee export, and coffee roasting and packing. 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. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. 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. Kanye West. 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. It ranks fourth for private wealth held by individuals. iwi masada aftermarket parts. Copyright 2023 allaboutETHIO.com All Rights Reserved. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. 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 . 3. Angola - $217.97 billion. 8. According to research conducted by Billionaires.Africa. Wealth Milestones. Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. Jeff Bezos. He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. Source: Oil & Gas, Real Estate and Technology. He has also invested in various sectors of business that have made the work simpler for him to gain profits. Sebhat Nega - $2 Billion. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. Tashitaa Tufaa grew up on his family's farm in the Oromia region with his 13 brothers and sisters, working there till he came of age. June 6, 2022 . 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. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. Free shipping for many products! Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia and Ethiopia. Who is the richest company in Uganda? 1. Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 13 consecutive years. This was the beginning of his journey to financial success. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets and like products. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. By. Add to this innovativeness and the ability to make something from nothing, and you have the recipe that makes the following list of the richest Ethiopians. He has made a lot of profit in this business in the past few years and his estimated worth at present is $1.8 billion. 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. 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: . The bank first operated in Uganda as the National Bank of India in 1906. 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. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. 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. After completing his education, Duffuor made the highly lucrative move into banking. . 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. He has been chairman of Ethiopian Airlines. China. Always one looking for more, Samuel would go on to sign agreements with Marriott International and Hilton Worldwide to develop 3 hotel brands in Ethiopia under his company. According to Wikipedia, he began his career at Ghana Commercial Bank in 1969. 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. He is extremely influential in the country. The California based technology entrepreneur is the Board member and co-founder of . 1. financial services group prepares to launch. Although no longer living, Mohammed Tures company is run by 6 members of the Ture family. 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. Following a brain tumor operation in Brussels, Zenawi died from contracting an infection in August 2012. 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. BBC Africa. His power in the Ethiopian cabinet along with the airlines helped him smuggle a lot of drugs within Africa and Asia. His company Dangote Group is currently on an expansion drive to many other African countries. He was raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. 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. wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. 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. Unfortunately, his family's finances would force him to drop out after three years of higher learning, just short of receiving his degree. . 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. 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. Young Rich List wealth takes $11b hit after tech plunge. 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. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. 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. He lives in Glencoe. Source:Oil & Gas, Real Estate and Technology. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. richest nigerian in houston. With an estimated fortune of $131bn (99bn) he is the . Azeb Mesfin - $4 Billion. In Illinois, the richest person remains Ken Griffin, the founder of Chicago hedge fund Citadel. Orchid Business Group holds government contracts for a variety of highly lucrative endeavors, such as, being involved in the construction of the GERD or Grand Ethiopian Renaissance Dam, the Awash/Kombolcha/Woldiya Railway construction, as well as, many other foundation works and roads. Following the line of work her parents were in, Suhura upon growing older began her own small business khat dealership. However, she returned to manage her business after the group incurred losses of up to 1 million within a short period. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. Co-op Bank, which is one of the largest financial organizations in East Africa, is led by Muriuki, a multimillionaire banker and businessman, who holds a two-percent stake in the leading financial services group. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. 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. When thinking about the richest people in Ethiopia, the name Ali Al Amoudi will always come up in the minds of almost all Ethiopians. 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. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. She has her own business and owns shares in various companies around Ethiopia. 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. 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. Estimated net worth: $10 billion. The closest and most trusted friend of Meles and Azeb. 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. 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. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. Ethiopian entrepreneur and leading businesswoman Suhura Ismail Khan is the head of a trading empire from Jijiga, with several thousand employees, dozens of trucks, and her airline, Suhura Airways, a Somalian charter carrier established in 2009. 15 of the Richest Ethiopians and their Successful Companies in 2021-----. 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 As of November 2022, Aliko Dangote was the richest man in Africa. 3. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. He had a net worth of $3 billion, according to Celebrity Net Worth. 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. on. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. Mohammed Al Amoudi born in 1946 to an Ethiopian mother of Wollo Amhara descent and a Hadhrami Yemeni father is an Ethiopian and Saudi Arabian citizen. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. 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. Akiko Seyoum Ambaye, the daughter of the late and well-known contractor Seyoum Ambaye, is the major shareholder of Orchid Business Group which was established in 2001. Furthermore, a deal with Globelq to create a solar park with 100MW is being negotiated. The Ethiopian men and women who have spearheaded the country's phenomenal growth stem from various backgrounds, ethnicities, and religions. Rich List 2022 is our definitive guide to the wealth of the UK's richest people. Aliko Dangote: The first on the list is Aliko Dangote. It is also one of the world's fastest-growing economies. Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit in 2022. 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. 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. 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. Meles Zenawi - $3 Billion. Sergey Brin. Despite ranking only 29th in Africa by economic wealth, Ethiopia is a land of riches for thousands. Andrew Ndegwa, a Kenyan businessman and executive director of First Chartered Securities Limited, owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. Its highest dividend payout was in 2016, with Ksh4.3 billion ($36.9 million) distributed to shareholders. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. . Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. His businesses produced 1.6% of total U.S. economic output. This billion-dollar deal is Ethiopias largest-ever privatization agreement. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. They have such an amount of money because of connections with the countrys politics and a stable business that takes the supplies from the country and sends them to other places. 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. Nega was one of the most powerful men in Ethiopia. Catch New Video Here: https://bit.ly/2ZxWEKL She is the Widow of the late Prime Minister Meles Zenawi, she has ownership interests in many of the biggest companies in Ethiopia. Being the eldest sibling, Samuel took a job as a parking attendant at the Addis Ababa Stadium, where he would use the opportunity to sell soft drinks, chewing gum, and cigarettes. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group), and Preem (his most valuable asset) through the wholly-owned Petroswede AB. In 2021, the respective headliners were Kendrick Lamar, Tyler, the . $92.413 billion (nominal, 2021 est.) Seyoum Mesfin - $1.8 Billion. As of 31 December 2020, the banks assets were valued at Shs8. 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. Companies run by Buzayehu include: 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., East African Real Estate Development Plc., National Transport Plc., National Premix Construction Plc., Hamaressa Edible Oil S.C., and Distribution Outlets (over 21 located throughout Ethiopia). 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. Top 10 Richest People In New Zealand and Their Net Worth 2022. 2. He is a politician from the ruling party in Ethiopia. Tewodros Ashenafi born in 1969 is a highly educated and enterprising individual that has brought significant changes in the Ethiopia's energy sector. Who is the richest man in Ethiopia in 2022? Egypt - $394.28 billion. Barack Obama said that Zenawi deserves recognition for his lifelong contribution to Ethiopias development, particularly to the poor. 6. Ethiopian Rich List: Wealthiest Persons In Ethiopia: Mohammed Al Amoudi - $8.45 Billion. He was also heavily involved in the US War on Terror, helping to eliminate military organisations such as Al Qaeda. 1. It spans . He is still one of the most influential people in the whole of Ethiopia today. 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. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. He's worth $4.5 billion and is the 638th richest person in the world. 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.
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