It's when a person is young and chock full of new emotions that they connect the most intensely with certain songs or performers, after all. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. Tekleberhan Ambaye is an industry leader and one of Ethiopia's richest men. Estimated net worth: $10 billion. The California based technology entrepreneur is the Board member and co-founder of . Akiko's deal with the EEP or Ethiopian Electric Power would make her the first Ethiopian to build a privately owned and operated solar plant in the country. 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. $180 Billion. It is also one of the world's fastest-growing economies. (Sponsored Content) Published. 2. 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. A billionaire in his own right, Tewodros Ashenafi, one of Ethiopia's richest, is without a doubt, a significant contributor to the current explosive growth of Ethiopia. She is the widow of the late dictator Meles. 1. He chose Minneapolis, a city in the northern part of the state of Minnesota to settle in. For the 11th year in a row, Alike Dangote of Nigeria is the continent's richest person, worth an estimated $13.9 billion, up from $12.1 billion last year following a 30% increase in the stock . He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. 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. 9. 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. What is Mohammed Al Amoudis net worth? In Illinois, the richest person remains Ken Griffin, the founder of Chicago hedge fund Citadel. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. Estimated net worth: $4 billion. While people on more modest incomes have also seen their assets rise in value during the pandemic, Oxfam said the 10 richest men own six times as much wealth as the bottom 40% (3.1 billion people). 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. After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses in Ethiopia. He is presently the Ethiopian ambassador to China. Africa is the second largest continent in the world in terms of land area and population. 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. Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. $113 . Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. 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. 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. Samuel Tafesse - $1.6 Billion. 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. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. Thus the production of coffee is a perfect business that Omer Ali Shifaw set up there. Nigeria - $514.05 billion. Source:Oil & Gas, Real Estate and Technology. what is the recommended ratio for lifeguard to swimmer 1. 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. Rich List 2022 is our definitive guide to the wealth of the UK's richest people. 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. Furthermore, Akikos OBG also engages in construction machinery rental, spas, gyms, and logistical work. The data and graphics were last updated on November 8th, 2021. Who is the richest man in Ethiopia in 2022? Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. 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. It has the power to change the world.. 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. A significant percentage of the countrys richest individuals are politicians. 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 . The recent move of Co-operative Bank Group to secure a total of $100 million in long-term debt from global institutional investors comes three months after the Kenyan financial services group reported a staggering profit of Ksh17 billion ($140 billion) at the end of the first nine months of its 2022 fiscal year. Before becoming the prime minister of his native country, Zenawi was the president of Ethiopia in the nineties (from 1991 to 1995). . Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. After the death of her husband - Julia Flesher Koch inherited about a 42% stake in his company . The company has more than 3,000 employees. 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. 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. wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. 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. From Nigeria, he is the founder and . Following a brain tumor operation in Brussels, Zenawi died from contracting an infection in August 2012. Ethiopia - $298.57 billion. 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. Beginning with small contracts, such as roof maintenance for Wabe Shebelle Hotel and slowly expanding, Samuel's hard work and integrity would cause his little company to blow up into the giant it is now: Sunshine Construction Group. Top 10 Wealthiest/Richest People In Ethiopia In 2023. 2 weeks ago. 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. Jeff Bezos. 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). The Weeknd - $200 Million. Source: Oil & Gas, Real Estate and Technology. Select Page. All Rights Reserved. The company has been operating in Ethiopia for over 60 years now and is respected throughout for its competence. She controls over 50% of the khat market in Ethiopia and is also a leader in global sales of the product. 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. 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. It spans . Search by Location. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. South Africa - $329.53 billion. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. Forbes places Mohammed Al Amoudis fortune at $8.1 billion as of 2017. Ethiopia-born billionaire Mohammed Al-Amoudi. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. As of 31 December 2020, the banks assets were valued at Shs8. Abay Tsehaye - $1.5 Billion. Wealth Milestones. 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. 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. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . He had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. Eyob "Joe" Mamo. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. 15. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. The . 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. A true businessman 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. 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. 6. Samuel Tafesse is one of the most famous businessmen in Ethiopia. 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 is considered a magnate within the Tigray Peoples Liberation Front (TPLF). Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. He has been chairman of Ethiopian Airlines. 8) Larry Page (net worth: $91.5 billion) Larry Page walks by a map of the world during keynote speech at the Consumer Electronics Show in Las Vegas, Nevada, on January 6, 2006. He was listed on Forbes as the 67th richest man in Africa and the 183rd in the world. However, the companys payouts decreased in the following years, with Ksh290.3 million ($2.5 million), Ksh876.5 million ($7.51 million), and Ksh559.9 million ($4.8 million) paid out in 2017, 2018, and 2019, respectively. 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. Although no longer living, Mohammed Tures company is run by 6 members of the Ture family. Muriuki holds a two-percent stake in the leading financial services group. 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. He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. 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. He has enough influence inside the party because he is a veteran there. He was previously in the position of foreign affairs minister where he had a lot of power over trade. Its highest dividend payout was in 2016, with Ksh4.3 billion ($36.9 million) distributed to shareholders. 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. Nega was one of the most powerful men in Ethiopia. 1 / 63. 1. The company has more than 3,000 employees. 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. Despiterankingonly 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. A significant percentage of the countrys richest individuals are politicians. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. By 1988, Al Amoudi's company MIDROC or Mohammed International Development Research and Organization Companies would land a 30,000,000,000 USD or 810,000,000,000 ETB contract to build an underground oil storage complex for Saudi Arabia. She has been named Ethiopian Entrepreneur of the Year several times and her accolades in her industry prove that Suhura Khan is one of Ethiopia's richest people. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . 3. Moreover, she was also elected as Miss ECOWAS in 2013, winning a cash prize of $6,000 US dollars. 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. 4. She has her own business and owns shares in various companies around Ethiopia. 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. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. Top 10 Richest People In New Zealand and Their Net Worth 2022. He's worth $4.3 billion and is the 665th richest person in the world. He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. Below is a list of the top 20 richest Ethiopians in 2022. 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. He is the leading name behind Nejat International which is involved in supplying high-grade coffee to other countries around the world. 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. 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. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. 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. One of the factors contributing to . As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. This financing will aid Co-op Bank in strengthening its capital base, with Norfund participating in the financing through a direct credit line of $16 million and an additional $3.4 million through European Financing Partners. Orchid Business Group holds government contracts for a variety of highly lucrative endeavors, such as being involved in the construction of the GERD or Grand Ethiopian Renaissance Dam, the Awash/Kombolcha/Woldiya Railway construction, as well as, many other foundation works and roads. 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. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. In 2010, she retired from the group, leaving her empire to be managed by her sons. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. The $161 million bump in his wealth figures can be attributed to the strong performance of his industrial assets in Ethiopia, Saudi Arabia, and Sweden, which continues to track the performance of publicly . Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. financial services group prepares to launch. Tewodros Ashenafi born in 1969 is a highly educated and enterprising individual that has brought significant changes in the Ethiopia's energy sector. Companies run by Buzayehu include: 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., East African Real Estate Development Plc., National Transport Plc., National Premix Construction Plc., Hamaressa Edible Oil S.C., and Distribution Outlets (over 21 located throughout Ethiopia). Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. Kanye began his career in the music industry as a producer and he even used to write songs for a few famous and popular . 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. Furthermore, Zenawi received praise for his work towards a stable relationship with the African Union, playing an important role in improving the continents position on climate change. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. Nigeria is the richest and most populous country in Africa. 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 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. 1. With an estimated fortune of $131bn (99bn) he is the . Egyptian businessman Ahmed El Sewedys electric company records over $185 million in profit in 2022, Egyptian mogul Medhat Khalils Raya Holding signs deal to expand entrepreneurship support programs, GB Auto, led by the Egyptian Ghabbour family, hits historic $344-million profit mark, Led by Egyptian tycoon Yasmine Khamis, Oriental Weavers profit dives below $31 million in 2022, Tunisian auto mogul Moncef Mzabis fortune drops by $8 million as shares in automobile retailer plunge, Ethiopian billionaire Mohammed Al-Amoudis net worth soars by $161 million, Somali tycoon Abdirashid Duale sends aid to Turkey-Syria earthquake victims as death toll crosses 44,000, Sudanese-British billionaire Mo Ibrahims net worth surges by $100 million, Ethiopian entrepreneur Dawit Abraham sells board game to Cape Town-based gaming startup, Somali mogul Ismail Ahmed shocks industry as Zepz surpasses $800 million in funding, Kenyan businessman Paul Ndungu lists prime Nairobi property for sale, Kenyan businessman Andrew Ndegwa loses nearly $2.4 million in two months from stake in NCBA, Kenyan banker Gideon Muriukis Co-op Bank secures $100 million from global investors, Tanzanian billionaire Rostam Aziz pledges cheaper cooking gas amid $2.3-billion plant launch, Kenyan tech entrepreneur Paul Kimani takes startup to new heights with $2.7-million pre-Series-A funding, Nigerian banking magnate Jim Ovias Zenith Bank receives approval to restructure into a holding company, Nigerian billionaire Mike Adenuga gains $22 million from stake in oil firm, Conoil, Aliko Dangotes sugar business reports impressive performance as profit surpasses $110 million in 2022, Indian billionaire Sunil Bharti Mittals Airtel Africa to boost its capital expenditure to $750 million in 2023, Nigerian billionaire Abdul Samad Rabius net worth skyrockets to $8 billion, eyes Africas top 3 richest spot, Microsoft joins forces with Strive Masiyiwas Liquid to bring internet to underserved African communities, South African billionaire Stephen Saad eyes million-dollar deals to revive COVID-19 vaccine production lines, Nicky Oppenheimer, Africas third-richest man, loses $430 million in 26 days, Bernard Arnaults LVMH sets sights on South African billionaire Johann Ruperts Richemont, South African tycoon Neal Froneman-led Sibanye-Stillwater posts lower earnings, Q&A with Nigerian mining entrepreneur Emotan Josephine Aburime-Shine, Ethiopian tycoon Negusse Hailu recounts his experiences with EABSC, Meet Osinachi Ukomadu, an African tech entrepreneur revolutionizing logistics, Meet the South African woman who has created the worlds first ocean water distilled gin, African Judo Union President: Businesses must support sport.
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