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. 11 . Ethiopia is home to over 122 million people, per Worldometer. 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. Liya Kebede . After completing his education, Duffuor made the highly lucrative move into banking. 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 . Ndungu is a prominent Kenyan businessman and shareholder in Pevans East Africa. He had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. 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. Before becoming the prime minister of his native country, Zenawi was the president of Ethiopia in the nineties (from 1991 to 1995). Nega was one of the most powerful men in Ethiopia. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. 2023 Billionaires.Africa. 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. 2021 Power 100; 2020 Power 100; 2019 Power 100; 2018 Power 100; 2017 Power 100; Leads & Data Center. As of 31 December 2020, the banks assets were valued at Shs8. He was listed on Forbes as the 67th richest man in Africa and the 183rd in the world. 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. 3. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. 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. Furthermore, continually looking to grow, Ketema would also begin to manufacture acrylic yarn and blankets, engage in real estate development, and operate a transit and forwarding company. 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. 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. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. Copyright 2023 allaboutETHIO.com All Rights Reserved. Morocco - $302.77 billion. The bank first operated in Uganda as the National Bank of India in 1906. 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. 1. He has enough influence inside the party because he is a veteran there. 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. Omer owns coffee clearing machines, coffee washing stations and plans to start up a coffee plantation. 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. He is extremely influential in the country. Celebrity Net Worth estimates Al-Amoudis net worth to be around $8.3 billion whereas Bloomberg places his net worth at $5.46 billion. Michael Prince for Forbes. Aliko Dangote: The first on the list is Aliko Dangote. Date of birth: 24th February 1967. 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. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. 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. Berhane Gebrekiristos. He's worth $4.5 billion and is the 638th richest person in the world. He is presently the Ethiopian ambassador to China. This includes the landmark Marriott Executive Apartments in Addis Ababa. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. Patrick T. Fallon/Bloomberg. From Nigeria, he is the founder and . Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. He is still one of the most influential people in the whole of Ethiopia today. 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! Taking the position of Prime Minister of Ethiopia from 1995 (until his death in August 2012), Zenawi was hailed as one of Africas strongmen, introducing a multi-party political system, and private press in the country, and reducing child mortality rates. 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). Heading into 2022, the 10 wealthiest individuals in the world are all worth . 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. was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. 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. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. As per the index, President Dangote Group, Aliko Dangote, has retained his position as the continent's wealthiest man for the eleventh year in a row with a net worth of $20.5 billion, up from $20.3 billion last month. 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. A tireless and true businessman, Al Amoudi would also venture into banking, agriculture, cement production, among a dozen other interests. The enterprising Eyob buys his gas from refiners and then sells it to the operators of the stations he owns. Ethiopia-born billionaire Mohammed Al-Amoudi. 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. He would leave the farm and become a school teacher and a political activist. Eric Lefkofsky: He's the founder of Groupon. The shares from the company have made her present estimated worth of about $1.5 billion. What is Mohammed Al Amoudis 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). Ronald Karauri, who made the announcement, revealed that Pevans is facing a staggering Ksh14.3 billion ($114.7 million) in negative equity. 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. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. By 2006, Belayneh entered the transport business by establishing the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks. Following a brain tumor operation in Brussels, Zenawi died from contracting an infection in August 2012. 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 market value of Muriukis two-percent stake in Co-op Bank is now worth Ksh1.48 billion ($11.7 million). The-CNN-Wire. If you have Telegram, you can view and join ETHIOPIAN REPORTER JOB VACANCY IN ETHIOPIA right away. He was one of the closest to the dictator Meles and his wife Azeb Mesfin. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. Furthermore, continually looking to grow, Ketema would also begin to manufacture acrylic yarn and blankets, engage in real estate development, and operate a transit and forwarding company. Thus the production of coffee is a perfect business that Omer Ali Shifaw set up there. 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. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. 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. 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. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. . As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. 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. He has been chairman of Ethiopian Airlines. 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. Seeing as Co-op Bank is the third-largest bank in Kenya, with 65 percent ownership by local co-operatives, and the largest co-operative bank in Africa, this injection of funds is sure to have a substantial impact. He had a net worth of $3 billion, according to Celebrity Net Worth. richest nigerian in houston. 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. 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . 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. This business guru holds a net worth of $12.5 Billion. 1 / 63. Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. 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 raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. June 6, 2022 . Kenya - $269.29 billion. It is also one of the world's fastest-growing economies. 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. BBC Africa. 4. icle family law institute 2021; . Samuel Tafesse is one of the most famous businessmen in Ethiopia. Top 10 Richest Men In Uganda 2021 In Ethiopia, Eskinder hasconsultedand managed various huge road and bridge projects that are a source of pride for Ethiopians. The top 10 richest people on the planet have a combined net worth of $1.4 trillion. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest . He lives in Chicago. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. 1. top 100 richest person in ethiopia 2021. by . He was 57. The Weeknd - $200 Million. Algeria - $532.57 billion. 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.

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