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Source:Oil & Gas, Real Estate and Technology. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. Rich List 2022 is our definitive guide to the wealth of the UK's richest people. (Sponsored Content) Published. | Website by ethioSEO | Terms of Use | Privacy Policy | Disclosure | Cookies Policy. According to Wikipedia, he began his career at Ghana Commercial Bank in 1969. 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. He was one of the closest to the dictator Meles and his wife Azeb Mesfin. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia, and Ethiopia. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. Elon Musk, with a fortune of $266 billion, is the richest person on the planet. 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. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. 3. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 13 consecutive years. icle family law institute 2021; . 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. 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. A significant percentage of the countrys richest individuals are politicians. Samuel Tafesse's company now engages in large-scale road and bridge projects, large scale real estate developments, the building of residential properties, hotel and commercial building construction. The youngest person to feature in the list is a 23-year old Shashvat Nakrani who founded the . 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. Meles Zenawi - $3 Billion. He was raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. Analysts expect the companys shares to recover in the medium to long term, as the leading financial services group prepares to launch operations in Ghana, Ethiopia, and the Democratic Republic of the Congo through partnerships led by its mobile phone banking service, M-Shwari. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. Who is the richest person in the world 2021? Mohammed Al Amoudi, the son of a Saudi father and an Ethiopian mother is Ethiopias richest businessman. 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. Kanye began his career in the music industry as a producer and he even used to write songs for a few famous and popular . 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. She is the widow of the late dictator Meles. With an estimated fortune of $131bn (99bn) he is the . 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. Egypt - $394.28 billion. Focusing on the Amhara region, Belayneh would invest a further 1,200,000,000 ETB or 45,000,000 USD for a 30 hectare plot of land to build an edible oil refinery plant. Eskinder's obsession with quality has changed the way several construction companies operate in Ethiopia. His company, the Dangote group started as a small trading firm in 1977. Ronald Karauri, who made the announcement, revealed that Pevans is facing a staggering Ksh14.3 billion ($114.7 million) in negative equity. He had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. Sergey Brin. It ranks fourth for private wealth held by individuals. Wealth Milestones. As of Jan 2023, India has 166 billionaires which put the country third in the world, after the United States and China. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. How does your net worth compare to the fortunes of the wealthiest people in the United States? Samuel Tafesse - $1.6 Billion. Sebhat Nega - $2 Billion. 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. BBC Africa. 1. 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. coffee export, and coffee roasting and packing. 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. 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. 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. Ermias Amelga was born in Addis Ababa but would move to Egypt and later to Kenya but would return to Addis Ababa to study secondary school and university. Furthermore, Akikos OBG also engages in construction machinery rental, spas, gyms, and logistical work. Ethiopia is home to about 105 million people. Omer owns coffee clearing machines, coffee washing stations and plans to start up a coffee plantation. In 2021, the respective headliners were Kendrick Lamar, Tyler, the . Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. 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). Ethiopia's First and Largest Blog Network. It has the power to change the world.. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. 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. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. 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. 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. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. 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. He would leave the farm and become a school teacher and a political activist. Angola - $217.97 billion. 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. 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. Belayneh Kindie. Its estimated population is 99,202 people, its 2021 GDP was USD 1.45 billion, and its GNI per capita was 29,800. 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 . Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. He was listed on Forbes as the 67th richest man in Africa and the 183rd 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. 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. 1. Meles Zenawi is the former Prime Minister of Ethiopia. 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. $92.413 billion (nominal, 2021 est.) 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. began its explosive rise as one of Ethiopia's largest business enterprises. 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. 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. Ndegwa owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. Select Page. 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. The data and graphics were last updated on November 8th, 2021. iwi masada aftermarket parts. 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. Meles Zenawi - $3 Billion. The company has been operating in Ethiopia for over 60 years now and is respected throughout for their competence. Mohammed Al Amoudi - $8.3 Billion. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . 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. Ndungu is a prominent Kenyan businessman and shareholder in Pevans East Africa. From there, he would buy oil refineries in Morocco and Sweden, engage in oil exploration off West Africa, open one of Africa's best hotels (Sheraton Addis), finance a factory to build Saudi's first car, begin gold mining, steel production, tire production and enter the oil market in Ethiopia. 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. In recent times, Al-Amoudi has tightened his grip on his hotel business following the appointment of one of his sons-in-law to the board of Midroc Gold, whose portfolio includes the Sheraton hotels in Djibouti and Addis Ababa. He was also heavily involved in the US War on Terror, helping to eliminate military organisations such as Al Qaeda. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. 10. He has also invested in various sectors of business that have made the work simpler for him to gain profits. 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. Mamo is the CEO of the D.C.-based group. Tekleberhan Ambaye is an industry leader and one of Ethiopia's richest men. New interactive and fun video sessions with influencers and celebrities every thursday on thedistin Youtube Channel every week and more now scroll down to watch cat videos, Thank me later! Top 10 Richest People in the World. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. He is a politician from the ruling party in Ethiopia. Kenya - $269.29 billion. Ethiopians are known to be hard workers and passionate about their chosen endeavors. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. By. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. 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. There were a record 2,755 billionaires in Forbes' 2021 list of the world's wealthiest people660 more than a year ago. Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. She has her own business and owns shares in various companies around Ethiopia. Gerelta Business Plc. 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.