Top 10 Richest In Ethiopia – Managing gold mines and large fertile lands entrusted to him by former Prime Minister Meles Zenawi. Estimated net worth: $ 10 billion.
She is the widow of former Prime Minister Meles Zenawi and owns several large companies in Ethiopia. Estimated net worth: $ 4 billion.
Top 10 Richest In Ethiopia
His fortune plummeted after he was fired from the TPLF Politburo and the Endowment for the Relief of Tigray (EFFORT) by Meles and Azeb; He is currently recovering. Net worth is estimated at $ 2 billion.
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The current Ethiopian ambassador to China, the former foreign minister, has used his role as chairman of Ethiopian Airlines and diplomatic status to build his wealth. Estimated net worth: $ 1.8 billion.
Samuel Tafesse – A business partner of Azeb Mesfin; Their relationship has been bitter in recent years, negatively affecting the construction business. His. Estimated net worth: $ 1.6 billion.
Senior members of the ruling party have blind partners with several large companies in Ethiopia. Assets: $ 1.5 billion
The owner of Nejat International whose assets plummeted after TPLF began competing with his coffee export business. Estimated net worth: $ 500 million
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She became the largest khat trader in East Africa, forming partnerships with TPLF officials and building close ties with former Prime Minister Meles Zenawi. TPLF-occupied Ethiopian embassies around the world are her main export routes to Diaspora. Estimated net worth: $ 200 million.
I help you save time and live more with the most up-to-date checklist and tips. Out of a population of about 11 million, Ethiopia also has a large population of billionaires. In practical terms, less than 3,400 are the most valuable individuals. Despite being ranked 29th in Africa by living standards and economic wealth, Ethiopia is home to thousands of rich people. It ranks fourth for private property held by individuals.
By 2020, private wealth in Ethiopia is estimated at $ 57 billion, $ 1 billion higher than the figure for Ghana and $ 33 billion lower than Kenya’s $ 90 billion. Here are the top 10 billionaires in Ethiopia:
Regarded as the richest man in Ethiopia, his business includes oil and gas, real estate and technology. At $ 8.3 billion, most of Al-Amoudi’s assets come from companies that are closely controlled in Sweden, Saudi Arabia and Ethiopia. The billionaire owns Svenska Petroleum, Midroc Europe (Construction and Real Estate Group) and Preem (his most valuable assets) through wholly owned Petroswede AB.
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The widow of the dictator, her net worth comes from the company he owns and also her own business. She is worth $ 4 billion and is considered the mother of corruption in Ethiopia.
Now dead, he is an influential Ethiopian politician and businessman with a net worth of $ 3 billion. He is the Prime Minister of Ethiopia.
He is worth $ 2.5 billion as an Ethiopian oil tycoon known to operate and manage half of Washington, D.C. gas stations through Capitol Petroleum Group, a leading wholesale distributor of oil services in the region. Metro DC and New York City.
Working under the direction of Meles and his wife, he supported several tax evasion money laundering schemes and rose to prominence as a couple. He is currently worth $ 2 billion.
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Focusing on politics, Sebhat Nega is considered a billionaire in the Tigray People’s Liberation Front (TPLF). He is known to have built a multibillion-dollar business empire in Ethiopia during his 27 years in power.
His power in the Ethiopian cabinet, along with airlines, helped him smuggle drugs into Africa and Asia. He is the richest drug lord in Africa with a long criminal history of drug trafficking. He is worth $ 1.8 billion.
Focusing on the real estate business, he has a net worth of $ 1.6 billion. He is considered one of the most famous businessmen in Ethiopia. The 63-year-old real estate tycoon is the founder of Sunshine Investment Group, a real estate developer and developer that develops residential, leisure and commercial real estate in Ethiopia and the Middle East.
Belayneh Kindie has amassed wealth through Belayneh Kindie (BK) Business Group, an Ethiopian-based group initially focused on the export of seeds, oils, nuts and other products.
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Receive the latest political, entertainment, sports, technology and health news from Africa delivered directly to your inbox. Mohammed Al-Amoudi, the richest man in Ethiopia, has raised funds for agricultural buildings and energy businesses in Sweden, Saudi Arabia and Ethiopia.
He built his first fortune through construction in Saudi Arabia. Preem, the largest oil company in Sweden, is one of his most valuable assets.
For clients in Ethiopia and beyond, his company, Saudi Star Agricultural Development, has developed hundreds of acres of land into fields of fruits, vegetables, grains, coffee, tea, flowers and rice.
Related: How Africa’s richest man Aliko Dangote lost $ 700 million in 10 days Mohammed Al-Amoudi lost $ 1 billion
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However, Mohammed Al-Amoudi has seen his fortune plummet by about $ 1 billion since the beginning of the year.
The market value of his industrial assets, which includes the respectable Swedish oil business, continues to decline. This also closely reflects the decline of the European market.
Mohammed Al-Amoudi was one of the richest black billionaires in the world until he was ousted by Nigerian cement tycoon Aliko Dangote in 2013.
His net worth fell from $ 6.71 billion earlier this year to $ 5.73 billion, according to the Bloomberg Billionaires Index.
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The $ 1 billion drop in his net worth can be attributed to the processing of his industrial assets, especially his holdings in Preem, the largest oil refinery in Sweden and Svenska Petroleum Exploration.
The loss of Al Amoudi puts him on the list of selected African billionaires, including South African billionaire Johann Rupert, Swazi Natie Kirsh and Zimbabwe tech tycoon Strive Masiyiwa. Down more than $ 500 million this year.
Since the beginning of 2022, Preem’s market value of his stake in the top oil refiner has fallen from $ 1.7 billion to $ 1.26 billion due to the unsatisfactory financial performance of his key oil assets. Despite being ranked 29th in Africa by living standards and economic wealth. Ethiopia is a country rich in thousands of people. It ranks fourth for private property held by individuals.
By 2020, private wealth in Ethiopia is estimated at $ 57 billion, $ 1 billion higher than the figure for Ghana and $ 33 billion lower than Kenya’s $ 90 billion.
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Ethiopia has only one billionaire, 150 billionaires and 3,200 billionaires. The domestic economy, meanwhile, has a GDP of $ 108 billion, making it the sixth-largest economy on the African continent, behind Algeria.
A significant percentage of the country’s richest individuals are politicians. According to research conducted by this is a list of some of the rich.
The billionaire owns Svenska Petroleum, Midroc Europe (Construction and Real Estate Group) and Preem (his most valuable assets) through wholly owned Petroswede AB.
Al-Amoudi recently tightened his grip on his hotel business after appointing one of his sons-in-law to the board of Midroc Gold, whose portfolio includes the Sheraton Hotel in Djibouti and Addis Ababa. .
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Samuel Tafesse is one of the most famous businessmen in Ethiopia. The 63-year-old real estate tycoon is the founder of Sunshine Investment Group, a real estate development and development company that develops residential, commercial and residential real estate in Ethiopia and the Middle East.
Since its inception in 1983, Sunshine Investment Group has built 3, 254 apartments and 427 villas in Ethiopia. This includes Marriott Executive Apartments in Addis Ababa.
Sunshine has built a 1,129.78-kilometer road project as it operates as a major highway contractor to the government.
The company has more than 3,000 employees. Its major events over the past 34 years have allowed it to build reliable capacity and demonstrate tangible excellence in the construction sector.
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In addition to the founding of Sunshine Investment Group, Tafesse has played a key role in the development of the Ethiopian construction sector. He also runs other businesses and charities under Sunshine Investment Group.
Eyob Joe Mamo is an Ethiopian oil tycoon known for operating and managing half of Washington DC gas stations through Capitol Petroleum Group, a leading wholesale distributor of regional oil services. Metro DC and New York City.
Mamo, who tries to keep a low profile, is considered the king of DC’s gas business.
In 2011, the Capitol Petroleum Group was worth $ 800 million, making him one of the richest businessmen in Ethiopia. Mamo is the CEO of a group based in DC.
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Ethiopian billionaire and real estate developer bid for minority stake in DC United A six per cent stake would make him the latest partner in a number of minority partners that US football franchises have added in recent years.
Sebhat Nega is considered a billionaire in the Tigray People’s Liberation Front (TPLF). He is known to have built a multibillion-dollar business empire in Ethiopia during his 27 years in power.
Nega is in charge of the TPLF business empire under the Endowment Fund for Tigray Rehabilitation. He raises hundreds of millions of dollars through his politics
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