Azeb Mesfin - $4 Billion. 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. Top 100 country songs of all time. When thinking about the richest people in Ethiopia, the name Ali Al Amoudi will always come up in the minds of almost all Ethiopians. Heading into 2022, the 10 wealthiest individuals in the world are all worth . 91. According to Wikipedia, he began his career at Ghana Commercial Bank in 1969. Azeb Mesfin. . 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. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. 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. Kenya - $269.29 billion. Samuel Tafesse - $1.6 Billion. 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. 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. Eskinder's obsession with quality has changed the way several construction companies operate in Ethiopia. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. 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. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 13 consecutive years. Algeria - $532.57 billion. 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. 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. However, less than 3,400 are ultra-high-net-worth individuals. For some context, . Omer owns coffee clearing machines, coffee washing stations and plans to start up a coffee plantation. The company has been operating in Ethiopia for over 60 years now and is respected throughout for their competence. 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. 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. Who are the richest celebrities in Ethiopia in 2023? His sibling Naguib . 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. For various reasons, such as political, economic, etc., Ethiopians are spread out as Diaspora all over the globe. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. Young Rich List wealth takes $11b hit after tech plunge. He had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. Mohammed AL Amoudi is one of the richest people in Ethiopia, as a matter of fact, Mohammed AL Amoudi was named the richest and the most extremely wealthy person 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. He was one of the closest to the dictator Meles and his wife Azeb Mesfin. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. Africa covers a land mass of over 3 million square kilometres (11.7 square miles), which includes independent island states.. Africa is separated from Europe by the Mediterranean Sea and joined with Asia by the Isthmus of Suez. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. 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. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. Ethiopia is home to about 105 million people. Top 10 Wealthiest/Richest People In Ethiopia In 2023. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. Patrick T. Fallon/Bloomberg. 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. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. He would leave the farm and become a school teacher and a political activist. in 1976, as a mere youth. 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. 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. With an estimated fortune of $131bn (99bn) he is the . Samuel Tafesse is one of the most famous businessmen 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). 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. 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. It spans . Select Page. 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. 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: . Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. Mohammed Al Amoudi - $8.3 Billion. 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. 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. If you have Telegram, you can view and join ETHIOPIAN REPORTER JOB VACANCY IN ETHIOPIA right away. 15 of the Richest Ethiopians and their Successful Companies in 2021-----. 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. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. 10. 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. Ethiopia has a great environment for coffee cultivation. How does your net worth compare to the fortunes of the wealthiest people in the United States? (Sponsored Content) Published. 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. 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. Who is the richest person in the world 2021? Gerelta Business Plc. 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. 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! Shimao. Ronald Karauri, who made the announcement, revealed that Pevans is facing a staggering Ksh14.3 billion ($114.7 million) in negative equity. Eyob Joe Mamo - $2.5 Billion. Not only one of Ethiopia's richest and a billionaire, but Samuel is also a role model representing what hard work and honesty can bring into one's life. 15. By 2006, Belayneh entered the transport business by establishing the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks. If we simply consider a nation's gross domestic productthe sum of all goods and services produced by a country during one yearthen we would have to conclude that the richest nations are exactly the ones with the largest GDP: United States, China, Japan, Germany. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. Jeff Bezos of Amazon, the richest one of the world from the US has a net worth of US$ 140 bn. 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. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. Ndungu is a prominent Kenyan businessman and shareholder in Pevans East Africa. Beginning with only the import of items to satisfy the local demand, Omer would in 1995 expand to engage deeply within the coffee business. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. 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. Kanye began his career in the music industry as a producer and he even used to write songs for a few famous and popular . 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. Net Worth: $6.6 billion. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. South Africa - $329.53 billion. Mamo is the CEO of the D.C.-based group. NCBA Group, a Nairobi-based financial services conglomerate led by the wealthy Kenyatta, Merali, and Ndegwa families, operates as a non-operating holding company through its vast network of subsidiaries in Tanzania, Rwanda, Uganda, and Cote dIvoire.