Free shipping for many products! 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . Advertisement. 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. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). 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. In the biggest companies and industries, she is a stakeholder and thus she has an estimated worth of $4 billion combining the worth of the dictator and all that she got out of the interests of the companies. Source:Oil & Gas, Real Estate and Technology. Ethiopia - $298.57 billion. 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. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. He has also invested in various sectors of business that have made the work simpler for him to gain profits. Ethiopia-born billionaire Mohammed Al-Amoudi. China. 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. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. He was also heavily involved in the US War on Terror, helping to eliminate military organisations such as Al Qaeda. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. 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. All Rights Reserved. With a degree in economics from Columbia University as well as an alumnus of the world renowned Harvard Business School, Tewodros well versed in the ways of international business would bring his knowledge to Ethiopia, after holding prominent positions in the west. . 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. 6. 2. From Nigeria, he is the founder and . 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. She also has a criminal image of herself among the people of Ethiopia, with the name mother of corruption given to her by the people. 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. 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 . 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. Eyob Mamo left for the United States in 1981 as a young boy. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. Source: Conglomerate Investment through EAH. After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses in Ethiopia. 1. Ndegwas stake in NCBA has dropped by Ksh219.82 million ($2.39 million) as a result of the recent decline in the banks share price, from Ksh2.82 billion ($22.85 million) at the start of the year to Ksh2.6 billion ($20.46 million) at the time of writing this report. 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. 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. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. As a khat street vendor, her profits were very small until she began to explore the business opportunities in the neighboring country of Somaliland. Ronald Karauri, who made the announcement, revealed that Pevans is facing a staggering Ksh14.3 billion ($114.7 million) in negative equity. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. 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. They're worth a collective $12.7 trillion $400 billion less than in 2021, it says. When thinking about the richest people in Ethiopia, the name Ali Al Amoudi will always come up in the minds of almost all Ethiopians. 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. Mohammed Hussein Al Amoudi Biography. In 2010, she retired from the group, leaving her empire to be managed by her sons. He was listed on Forbes as the 67th richest man in Africa and the 183rd in the world. He would start the ardous climb to success by working various jobs, sometimes three at a time. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. 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. on. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. Liya Kebede . Even though Ethiopia is classified as one of the developing countries in the world there are still rich people who are living and enjoying life as the Westerners do. 15 of the Richest Ethiopians and their Successful Companies in 2021-----. 10. $180 Billion. 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. Abdul Samad Rabiu becomes Nigerias second-richest man, net worth surges above $7 billion, African billionaire heirs are making their mark in philanthropy, Billionaire mining mogul Patrice Motsepe acquires luxury wine farm in South Africa, Egyptian billionaire Naguib Sawiris Orascom Investment sells stake in TWA in $35-million deal, Mohammed Akoojees Imperial Logistics partners with UbiPharm to create Africas largest healthcare distribution network, Sam Darwishs IHS Towers to acquire tower assets in Brazil in $315-million deal, Egyptian billionaire Yasseen Mansour loses $2.56 million as Palm Hills shares slump by double digits. what is the recommended ratio for lifeguard to swimmer Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. Let us now get into the list of the 20 richest rappers in the world as of 2022 with their net worth details. South Africa - $861.93 billion. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. 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. After the death of her husband - Julia Flesher Koch inherited about a 42% stake in his company . His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization ISO. This company went into other sectors of agriculture as well so that it can flourish from all sides. began its explosive rise as one of Ethiopia's largest business enterprises. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. 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. From the beautifully designed Bole Road-Wello Sefer overpass to various other projects all over Ethiopia, he and his company have received a multitude of accolades. 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. Eyob Joe Mamo - $2.5 Billion. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. 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. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. His net worth climbed to $16 billion in 2021, according to Forbes, up from $12.1 billion in 2020 . His primary businesses include cement, sugar and flour. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. For various reasons, such as political, economic, etc., Ethiopians are spread out as Diaspora all over the globe. Nega was one of the most powerful men in Ethiopia. . Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. Abay Tsehaye - $1.5 Billion. 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. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. 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. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. Find many great new & used options and get the best deals for LEILEI Black 100% Silk Semi Sheer Blouse Top Short Sleeve Size XL at the best online prices at eBay! Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. Below is a list of the top 20 richest Ethiopians in 2022. Amidst a legal dispute with fellow shareholders in Pevans East Africa, Ndungu and another shareholder, Asenath Wachera Maina, were removed from their positions in Pevans East Africa following a special resolution. Top 10 Richest People in the World. 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. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. 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. Although no longer living, Mohammed Tures company is run by 6 members of the Ture family. As of June 2022, Nassef Sawiris, with a net worth of 7.3 billion U.S. dollars, is the richest man in Egypt, fourth richest in the African continent, and ranked 292 in the world. 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. Having ten children, Suhura planned to retire from her business and go on an extended pilgrimage in 2010, but her 4 eldest sons managed to incur losses of up to 1,000,000 Euros in a short period of time. Catch New Video Here: https://bit.ly/2ZxWEKL Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. Mamo is the CEO of the D.C.-based group. $127 Billion. 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. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. Ethiopia's First and Largest Blog Network. 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. This billion dollar deal is Ethiopia's largest ever privatization agreement. He had a net worth of $3 billion, according to Celebrity Net Worth. Top 10 RICHEST People in Ethiopia 2021 | Rich and Famous TV Subscribe Here: https://bit.ly/3exoQBy. 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. Sebhat Nega - $2 Billion. Before becoming the prime minister of his native country, Zenawi was the president of Ethiopia in the nineties (from 1991 to 1995). coffee export, and coffee roasting and packing. Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released this week. By comparison, Elon Musk, at over $304 billion, still has a little ways to go just yet. Who is the richest person in the world 2021? It is also one of the world's fastest-growing economies. 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. Ethiopia is home to about 105 million people. ALIKO DANGOTE - NW: $21.6 BILLION. His company, the Dangote group started as a small trading firm in 1977. He has enough influence inside the party because he is a veteran there. Samuel Tafesse - $1.6 Billion. 1. This year, War, pandemic and sluggish markets hit the world's billionaires whose number drop by 87 to 2,668 on Forbes' annual ranking of the planet's richest people. Beginning his career with Merril Lynch & Co. in New York, Tewodros would go on to be a consultant for large multinational corporations looking to invest primarily in South America and the Commonwealth of Independent States. As a major shareholder of Tsehay Industry and Tsehay Insurance Share Company, Belayneh would have vast control in Ethiopia's manufacture of LTZ, sheet metal, etc. Aside from his leadership role in Ethiopias first and only indigenous oil and gas company, SouthWest Energy, the leading business tycoon played a vital role in transforming the Ethiopian energy sector. Africa is home to some of the wealthiest people in the world. Ethiopian entrepreneur and leading businesswoman Suhura Ismail Khan is the head of a trading empire from Jijiga, with several thousand employees, dozens of trucks, and her airline, Suhura Airways, a Somalian charter carrier established in 2009. Here's how American families, from the poorest to the richest, spend their money +16 16 great furniture designers of the last century inspiring today's design trends He is presently the Ethiopian ambassador to China. Jeff Bezos of Amazon, the richest one of the world from the US has a net worth of US$ 140 bn. Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. 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. Mohammed Al Amoudi - $8.3 Billion. Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 13 consecutive years. However, she returned to manage her business after the group incurred losses up to 1 million within a short period. The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group) and Preem (his most valuable asset) through the wholly-owned Petroswede AB. 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 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. Analysts expect the companys shares to recover in the medium to long term, as the leading financial services group prepares to launch operations in Ghana, Ethiopia, and the Democratic Republic of the Congo through partnerships led by its mobile phone banking service, M-Shwari. Forbes places Mohammed Al Amoudis fortune at $8.1 billion as of 2017. Tekleberhan has also opened up Edna Mall, housing a modern movie theater, and one of only two countries in Africa that receive Hollywood movies directly upon their release. began its explosive rise as one of Ethiopias largest business enterprises. By 2006, Belayneh entered the transport business by establishing the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks. Estimated net worth: $4 billion. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . 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. Ketema Kebede created the self named KK Plc. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. 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. This billion-dollar deal is Ethiopias largest-ever privatization agreement. Following the line of work her parents were in, Suhura upon growing older began her own small business khat dealership. Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. Patrice Motsepes TymeBank partners with The Foschini Group, eyes 26 million South African customers, Runa Alams DPI closes African Development Partners III Fund at $900 million, exceeding $800-million benchmark, Adidas faces $10-million loss as Beyonces Ivy Park fails to meet expectations. 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. In Ethiopia, Eskinder has consulted and managed various huge road and bridge projects that are a source of pride for Ethiopians. list of the billionaires and millionaires in Ethiopia. Musk might hold the current title of the richest person in the world, but he also holds a record for the biggest fortune ever lost by anyone in history. $92.413 billion (nominal, 2021 est.) Akikos deal with the EEP or Ethiopian Electric Power would make her the first Ethiopian to build a privately owned and operated a solar plant in the country. 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: . . Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. 8. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. The highest and the lowest net worth. 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 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.