Recently, Akiko, along with the Italian Enel Green Power, was 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 also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. Africa is home to some of the wealthiest people in the world. Suhura Ismail Khan was born in the 1960's in the Somali region city of Jijiga in the eastern part of Ethiopia. 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. Kanye West has made it to the top of the list this year by beating Jay-Z. He was previously in the position of foreign affairs minister where he had a lot of power over trade. 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. Eyob Mamo left for the United States in 1981 as a young boy. 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. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. 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. Following the line of work her parents were in, Suhura upon growing older began her own small business khat dealership. In 2021, the respective headliners were Kendrick Lamar, Tyler, the . Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. 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. 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. 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. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. He has enough influence inside the party because he is a veteran there. Eyob Joe Mamo - $2.5 Billion. With such a massive penetration of Ethiopia's largest industries, Buzayehu Bizenu is nothing short of an Ethiopian billionaire, mogul and one of Ethiopia's richest. This business guru holds a net worth of $12.5 Billion. Top 10 Richest People in the World. 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. wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. 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 was raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. 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. By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. right away. Estimated net worth: $10 billion. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. Top 100 country songs of all time. It ranks fourth for private wealth held by individuals. The list of Ethiopia's richest models, actors, musicians, businessmen, politicians, producers, footballers, athletes, Instagram influencers, and entrepreneurs are also the most famous and best-known Ethiopian celebrities both in Ethiopia and internationally. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. 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. Angola - $217.97 billion. Morocco - $302.77 billion. He is extremely influential in the country. Some of them include Columbia University's Africa Center Advisory Board, Atlantic Council International, New York's East West Institute, Initiative for Global Development, and was the winner of Young Global Leader (World Economic Institute). Source: Oil & Gas, Real Estate and Technology. Who is the first billionaire in Ethiopia? Top 10 RICHEST People in Ethiopia 2021 | Rich and Famous TV Subscribe Here: https://bit.ly/3exoQBy. In Ethiopia, Eskinder hasconsultedand managed various huge road and bridge projects that are a source of pride for Ethiopians. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia and Ethiopia. Eyob "Joe" Mamo. After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses in Ethiopia. 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. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. The four-bedroom, double-story house in Gigiri is being sold through Garam Auctioneers, a well-established Kenyan auction house with more than 28 years of experience in the retail industry. 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. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. Ethiopia-born billionaire Mohammed Al-Amoudi. The enterprising Eyob buys his gas from refiners and then sells it to the operators of the stations he owns. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . 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. 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. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization ISO. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. Kwabena Duffuor Net Worth - $680 Million. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. 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. 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. February 6, 2023. August 24, 2021. Meles Zenawi - $3 Billion. She controls over 50% of the khat market in Ethiopia and is also a leader in global sales of the product. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. 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. 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 has also launched other businesses and philanthropic entities under Sunshine Investment Group. Patrick T. Fallon/Bloomberg. By 2011, Eyob's company was valued at about 788,000,000 USD or 21,000,000,000 ETB. Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. 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. The market value of Muriukis two-percent stake in Co-op Bank is now worth Ksh1.48 billion ($11.7 million). Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. 5. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. This was the beginning of his journey to financial success. ALIKO DANGOTE - NW: $21.6 BILLION. Through this substantial amount of funding, Co-op Bank is poised to provide much-needed support to micro, small, and medium enterprises (MSMEs) while simultaneously positioning the bank for future growth. However, she returned to manage her business after the group incurred losses up to 1 million within a short period. 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. Samuel Tafesse is one of the most famous businessmen in Ethiopia. This company went into other sectors of agriculture as well so that it can flourish from all sides. He was 57. In 2010, she retired from the group, leaving her empire to be managed by her sons. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. Forbes places Mohammed Al Amoudis fortune at $8.1 billion as of 2017. coffee export, and coffee roasting and packing. She is the Widow of the late Prime Minister Meles Zenawi, she has ownership interests in many of the biggest companies in Ethiopia. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. Mamo is the CEO of the D.C.-based group. 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. Advertisement. Kanye West. 2023 Billionaires.Africa. As a local partner in Ethiopia for Japan Tobacco International, he closed a $1.4-billiondeal to acquire a 40-percent interest in Ethiopias National Tobacco Enterprise. Through the crafty use of his family's trading background, Ketema began to retail acrylic yarn and other similar items that were in high demand throughout Ethiopia. in 1976, as a mere youth. By. Who is the second richest person in Ethiopia. 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. 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. 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. 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. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. 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. Following a brain tumor operation in Brussels, Zenawi died from contracting an infection in August 2012. 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. In Ethiopia, Eskinder has consulted and managed various huge road and bridge projects that are a source of pride for Ethiopians. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials, and maximum comfort. | Website by ethioSEO | Terms of Use | Privacy Policy | Disclosure | Cookies Policy. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. However, less than 3,400 are ultra-high-net-worth individuals. Nega was one of the most powerful men in Ethiopia. richest nigerian in houston. His net worth climbed to $16 billion in 2021, according to Forbes, up from $12.1 billion in 2020 . Nigeria - $514.05 billion. 11 . Who is the richest man in Ethiopia in 2022? According to research conducted by Billionaires.Africa. As of November 2022, Aliko Dangote was the richest man in Africa. 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 ten richest men in nigeria. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. Here's whose net worth grew the most. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. Below is a list of the top 20 richest Ethiopians in 2022. 2. It is also one of the world's fastest-growing economies. He had a net worth of $3 billion, according to Celebrity Net Worth. Before becoming the prime minister of his native country, Zenawi was the president of Ethiopia in the nineties (from 1991 to 1995). Bill Gates. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. Eskinders obsession with quality has changed the way several construction companies operate in Ethiopia. After completing his education, Duffuor made the highly lucrative move into banking. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Seyoum Mesfin - $1.8 Billion. Through the crafty use of his familys trading background, Ketema began to retail acrylic yarn and other similar items that were in high demand throughout Ethiopia. Who is the richest person in the world 2021? The company has more than 3,000 employees. The Ethiopian men and women who have spearheaded the country's phenomenal growth stem from various backgrounds, ethnicities, and religions. The California based technology entrepreneur is the Board member and co-founder of . His company, the Dangote group started as a small trading firm in 1977. Nega was one of the most powerful men in Ethiopia. The company has been operating in Ethiopia for over 60 years now and is respected throughout for their competence. Rich List 2022 is our definitive guide to the wealth of the UK's richest people. 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. 6. Ketema Kebede created the self-named KK Plc. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopias richest a billionaire. 3. Tewodros Ashenafi born in 1969 is a highly educated and enterprising individual that has brought significant changes in the Ethiopia's energy sector. 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. The highest and the lowest net worth. 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. 7. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. He was close to Meles but was later kicked out of both organisations. As a khat street vendor, her profits were very small until she began to explore the business opportunities in the neighboring country of Somaliland. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets and like products. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Sebhat Nega - $2 Billion. Co-operative Bank Group (Co-op Bank), a Nairobi-based financial services group led by Kenyan banking magnate Gideon Muriuki, has successfully secured a total of $100 million in long-term debt from global institutional investors, with the German fund DEG and the Norwegian fund Norfund at the helm. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. Sergey Brin. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. Its highest dividend payout was in 2016, with Ksh4.3 billion ($36.9 million) distributed to shareholders. Aliko Dangote: The first on the list is Aliko Dangote. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. 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. Kanye began his career in the music industry as a producer and he even used to write songs for a few famous and popular . From a dishwasher to security guard to a factory worker, Tashitaa would work and work and eventually begin his own transportation company in 2003, using his wife's van. Egypt - $394.28 billion. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. 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. (Sponsored Content) Published. He is still one of the most influential people in the whole of Ethiopia today. Fluent in Arabic, Swahili, English, and Amharic the multilingual Ermias would drop out from Haile Selassie I University after only a year and move to the United States, where he would study and become an economist. He was previously a member of the politburo of TPLF and was close to the dictator. (Reuters) Larry . With an estimated fortune of $131bn (99bn) he is the . 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 . He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. 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. Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 13 consecutive years. $113 . He is presently the Ethiopian ambassador to China. 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. in 1976, as a mere youth. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. Who is a successful entrepreneur in Ethiopia? Meles Zenawi - $3 Billion. Jeff Bezos (Net worth: $195.6 billion as of 6th of December 2021) From running a simple e-commerce website in his garage in 1994, to becoming the one of the world's richest billionaires in 2021 . . Furthermore, a deal with Globelq to create a solar park with 100MW is being negotiated. Despiterankingonly 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. Barack Obama said that Zenawi deserves recognition for his lifelong contribution to Ethiopias development, particularly to the poor. They're worth a collective $12.7 trillion $400 billion less than in 2021, it says. 15. He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. Elon Musk, with a fortune of $266 billion, is the richest person on the planet. 2. Expanding legalization has driven an increase in bets on football's big game, with wagers more than doubling from 2021 to 2022. He's worth $4.3 billion and is the 665th richest person in the world. He has been chairman of Ethiopian Airlines. A significant percentage of the countrys richest individuals are politicians. 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. what is the recommended ratio for lifeguard to swimmer Seyoum Mesfin - $1.8 Billion. Top 20 Richest People In Pakistan and Their Net Worth 2022. 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. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. A significant percentage of the countrys richest individuals are politicians. By 2015, Samuel would expand to become the only one in Africa to open a Mariott Executive Apartment, and the only one in Sub-Saharan Africa to have a Marriott branded hotel. Catch New Video Here: https://bit.ly/2ZxWEKL By2016, Tewodros would play a vital role in one of Africa's largest private sector business transactions. The closest and most trusted friend of Meles and Azeb. Eyob Joe Mamo - $2.5 Billion. 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . Samuel Tafesse - $1.6 Billion. 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). In Illinois, the richest person remains Ken Griffin, the founder of Chicago hedge fund Citadel. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. China. Search by Location. 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. Fv 27, 2023 . 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. Tenth in the list of richest persons in 2022 is Sergey Brin with his $91.4 billion net worth. 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. Who are the richest celebrities in Ethiopia in 2023? The company has been operating in Ethiopia for over 60 years now and is respected throughout for its competence. Richest African Countries by GDP. Buzayehu's East African Holdings is made up of several sister or subsidiary companies involved in manufacturing fast moving consumer goods, printing and packaging, agriculture (commercial farming), transport, agro processing, cement production, real estate, coal mining, coffee export, and coffee roasting and packing. The-CNN-Wire. Its estimated population is 99,202 people, its 2021 GDP was USD 1.45 billion, and its GNI per capita was 29,800. 2. What is Mohammed Al Amoudis net worth? Source:Conglomerate Investment through EAH. Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. This year, War, pandemic and sluggish markets hit the world's billionaires whose number drop by 87 to 2,668 on Forbes' annual ranking of the planet's richest people. 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. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. on. Samuel Tafesse is one of the most famous businessmen in Ethiopia. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. The IIFL Wealth Hurun India Rich List has revealed the top 100 wealthiest people in the country. Beginning his career with Merril Lynch & Co. in New York, Tewodros would go on to be a consultant for large multinational corporations looking to invest primarily in South America and the Commonwealth of Independent States. . Recently, it has evolved into a prominent corporate group in the country through BK Business Group. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. This billion-dollar deal is Ethiopias largest-ever privatization agreement. BBC Africa. 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. 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. Jeff Bezos of Amazon, the richest one of the world from the US has a net worth of US$ 140 bn. For some context, . 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.