top 100 richest person in ethiopia 2021 top 100 richest person in ethiopia 2021

As of Jan 2023, India has 166 billionaires which put the country third in the world, after the United States and China. Ethiopia is home to over 122 million people, per Worldometer. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. Jamel Toppin . now scroll down to watch cat videos, Thank me later! Below is a list of the top 20 richest Ethiopians in 2022. She is the widow of the late dictator Meles. Moreover, she was also elected as Miss ECOWAS in 2013, winning a cash prize of $6,000 US dollars. In 2009, Belayneh's assets rose astronomically with his 134,000,000 ETB or 5,000,000 USD acquisitions of the famous Ethiopia Hotel (Addis Ababa) and the popular Ras Hotel (Adama/Nazreth). With subsidiaries such as Kingdom Securities Limited, Co-op Trust Investment Services Limited, Co-operative Consultancy & Insurance Agency Limited, Kingdom Bank Limited, and the Co-operative Bank of South Sudan, Co-op Bank serves as the primary banker for Kenyas SACCOs. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. 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. what is the recommended ratio for lifeguard to swimmer He was previously in the position of foreign affairs minister where he had a lot of power over trade. Sebhat Nega - $2 Billion. The company has been operating in Ethiopia for over 60 years now and is respected throughout for its competence. Fv 27, 2023 . Nega was one of the most powerful men in Ethiopia. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. 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. By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. 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. In 2011, her group recorded sales of between 30 and 40 tonnes of khat per day. He has also invested in various sectors of business that have made the work simpler for him to gain profits. 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. 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. 1. 9. Kenya - $269.29 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. 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). 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. Suhura Ismail Khan was born in the 1960's in the Somali region city of Jijiga in the eastern part of Ethiopia. The enterprising Samuel would land a job as a construction worker upon completing high school and go on to study engineering at Addis Ababa University. Furthermore, Akiko's OBG also engages in construction machinery rental, spas, gyms, and logistical works. Liya Kebede . Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. How does your net worth compare to the fortunes of the wealthiest people in the United States? 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: . Azeb Mesfin - $4 Billion. 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. 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. Eskinders obsession with quality has changed the way several construction companies operate in Ethiopia. The California based technology entrepreneur is the Board member and co-founder of . 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. Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. Here's how American families, from the poorest to the richest, spend their money +16 16 great furniture designers of the last century inspiring today's design trends 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. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia and Ethiopia. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. 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. 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. Stanbic Bank is the largest commercial bank in Uganda with assets more than UGX 5.4 trillion. This billion-dollar deal is Ethiopias largest-ever privatization agreement. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. 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. Samuel Tafesse is one of the most famous businessmen in Ethiopia. He was one of the closest to the dictator Meles and his wife Azeb Mesfin. 9. Omer owns coffee clearing machines, coffee washing stations and plans to start up a coffee plantation. Michael Prince for Forbes. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. 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. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. Below is a list ofthe top 20 richest Ethiopians in 2023. Kanye began his career in the music industry as a producer and he even used to write songs for a few famous and popular . Expanding further by looking to the booming construction industry in Ethiopia, Belayneh acquired 10 dump trucks, 4 bulldozers, 3 excavators, 2 graders, 3 mixers and a crusher which he rents out. 11 . Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released this week. His businesses produced 1.6% of total U.S. economic output. 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. 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. Mamo is the CEO of the D.C.-based group. It made her the top 10 richest people and the #1 richest woman in the world. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. When thinking about the richest people in Ethiopia, the name Ali Al Amoudi will always come up in the minds of almost all Ethiopians. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, 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. 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. Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. 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. Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. He was previously a member of the politburo of TPLF and was close to the dictator. However, his leadership came under serious attack, as he was accused of abusing a string of human rights issues and repressing the freedom of the press/speech. The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group), and Preem (his most valuable asset) through the wholly-owned Petroswede AB. 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. Ethiopia's First and Largest Blog Network. He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. 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. What is the richest country in Africa? 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. in 1976, as a mere youth. His company Dangote Group is currently on an expansion drive to many other African countries. 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. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. 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 had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. However, she returned to manage her business after the group incurred losses up to 1 million within a short period. Meles Zenawi is the former Prime Minister of Ethiopia. Jeff Bezos. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. Xu Rongmao & family. The dictator himself looted a huge amount of money in the name of taxes from the common people and before the government was formed, he helped them in the loot of money. Today, Suhura runs her khat empire from Jijiga with thousands of employees, a multitude of transport trucks, and even an airline of her own (Suhura Airways). 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. Free shipping for many products! 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. ALIKO DANGOTE - NW: $21.6 BILLION. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. Ethiopians are known to be hard workers and passionate about their chosen endeavors. 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. 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. richest nigerian in houston. Tewodros Ashenafi born in 1969 is a highly educated and enterprising individual that has brought significant changes in the Ethiopia's energy sector. His net worth at present is $500 million. He would start the ardous climb to success by working various jobs, sometimes three at a time. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. 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. In 2010, she retired from the group, leaving her empire to be managed by her sons. Notably, Norfund revealed that a subordinated loan of $19.4 million was channeled through the European Financing Partners, a joint venture between the European Investment Bank (EIB) and several other European funds. 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. Who are the richest celebrities in Ethiopia in 2023? 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 one of the most powerful men in Ethiopia. As a khat street vendor, her profits were very small until she began to explore the business opportunities in the neighboring country of Somaliland. Today, this company owns over a hundred. By 2011, Eyob's company was valued at about 788,000,000 USD or 21,000,000,000 ETB. The closest and most trusted friend of Meles and Azeb. 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. Elon Musk. China. 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. Omer Ali Shifaw began in the spice business but would leave that to open his own company with a paid up capital of 5,000 ETB or 185 USD. 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.