Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. 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. 5. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. | Website by ethioSEO | Terms of Use | Privacy Policy | Disclosure | Cookies Policy. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. He was listed on Forbes as the 67th richest man in Africa and the 183rd in the world. The market value of Muriukis two-percent stake in Co-op Bank is now worth Ksh1.48 billion ($11.7 million). 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. Samuel Tafesse - $1.6 Billion. Ethiopia - $298.57 billion. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. 6. Xu Rongmao & family. In 2010, she retired from the group, leaving her empire to be managed by her sons. He lives in Chicago. New interactive and fun video sessions with influencers and celebrities every thursday on thedistin Youtube Channel every week and more now scroll down to watch cat videos, Thank me later! According to data tracked by Billionaires.Africa, the Kenyan businessmans stake in NCBA has lost Ksh219.82 million ($2.39 million) in market value since the beginning of the year, owing to renewed selling pressure on the local bourse. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest . Search by Location. As of Jan 2023, India has 166 billionaires which put the country third in the world, after the United States and China. This land would be supplemented with an additional 1,500 hectares of land by the government of the Southern Nations, Nationalities and Peoples. 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. 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. 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. 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. 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. This business guru holds a net worth of $12.5 Billion. 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. (Reuters) Larry . He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. View profiles for each of the world's 500 richest people, see the biggest movers, and compare fortunes or track returns. 2. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. 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. He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. $288.56 billion (PPP, 2021 est.) 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. Seeing as Co-op Bank is the third-largest bank in Kenya, with 65 percent ownership by local co-operatives, and the largest co-operative bank in Africa, this injection of funds is sure to have a substantial impact. 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. Unfortunately, his family's finances would force him to drop out after three years of higher learning, just short of receiving his degree. Read profiles and interviews, and see all the facts and figures for 2022 Before starting his company in Ethiopia, Eskinder had already become a success in Germany. His sibling Naguib . Ndungu is a prominent Kenyan businessman and shareholder in Pevans East Africa. The 10 Richest Individuals in Ethiopia ===== Even though Ethiopia is classified as one of the developing countries in the world. 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. 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. Azeb Mesfin - $4 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. . As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Advertisement. Eyob Joe Mamo - $2.5 Billion. He was named as Ethiopia's richest man, the 2nd richest black person in the world, and the 2nd richest Saudi Arabian, all this proves that Mohammed Al Amoudi has earned the title of tycoon. What is the net worth of Ethiopia? on. It ranks fourth for private wealth held by individuals. He was one of the closest to the dictator Meles and his wife Azeb Mesfin. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. He was a part of the diplomatic works that were used by the dictator for money laundering. Estimated net worth: $4 billion. All this and more, has made Omer Ali Shifaw one of Ethiopia's richest men and a self-made one at that. coffee export, and coffee roasting and packing. 3. Ethiopia has a great environment for coffee cultivation. Source: Oil & Gas, Real Estate and Technology. 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. By 2011, Eyob's company was valued at about 788,000,000 USD or 21,000,000,000 ETB. 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. He was raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. This is a 120 kilometre (75 mile) strip of land which lies between the . Meles Zenawi is the former Prime Minister of Ethiopia. They're worth a collective $12.7 trillion $400 billion less than in 2021, it says. Throughout the years, the company has delivered over 2,800 housing units with more on the way. top 100 richest person in ethiopia 2021. by . Today, Eyob also called Joe owns and runs the privately owned Capitol Petroleum Group which controls over 41 percent of gas stations in Washington D.C. . Who is a successful entrepreneur in Ethiopia? 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. 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. 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. He was 57. 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. 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. 1. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. Estimated net worth: $10 billion. (Sponsored Content) Published. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. 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. 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. began its explosive rise as one of Ethiopias largest business enterprises. Net Worth: Top 25 Famous, Richest Actors In Nigeria In 2023 (Highest-Paid Nigerian Nollywood Actors), Net Worth: Top 20 Richest Footballers In Africa In 2023, Their Names, Ages, Country, Forbes, Cars, Houses, Pictures, Etc, Accurate List: Top 10 Best Rappers In Africa In 2023; Their Names, Countries, and Rank, Net Worth: Top 10 Richest Rappers In Africa In 2023 (Highest-Paid African Rappers By Forbes), Net Worth: Top 10 Youngest Richest Men In Ghana In 2023 That Live Lavish Lifestyles, Ghanaian Fraud Boys: Top 10 Richest Scammers In Ghana In 2023; Their Net Worth, Names, Ages, Pictures, Net Worth: Top 20 Richest Musicians In Ghana In 2023 Most Successful Ghanaian Artists Now. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. Samuel Tafesse is one of the most famous businessmen in Ethiopia. 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. She is the Widow of the late Prime Minister Meles Zenawi, she has ownership interests in many of the biggest companies in Ethiopia. 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. 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. 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. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. Barack Obama said that Zenawi deserves recognition for his lifelong contribution to Ethiopias development, particularly to the poor. Azeb Mesfin - $4 Billion. Kanye West. Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. 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. 7. Michael Prince for Forbes. 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. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . Heading into 2022, the 10 wealthiest individuals in the world are all worth . 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. However, less than 3,400 are ultra-high-net-worth individuals. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. Most of the coffee produced here is exported and that made this agricultural company famous. Select Page. 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. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. The bank first operated in Uganda as the National Bank of India in 1906. Copyright 2023 allaboutETHIO.com All Rights Reserved. He chose Minneapolis, a city in the northern part of the state of Minnesota to settle in. The list of richest Indians by net worth based on an annual assessment of wealth and assets compiled and published by Forbes magazine. Following the line of work her parents were in, Suhura upon growing older began her own small business khat dealership. Mohammed Hussein Al Amoudi Biography. His net worth climbed to $16 billion in 2021, according to Forbes, up from $12.1 billion in 2020 . His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization ISO. 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. Today, Tashitaa has over 300 trucks and vans, and transports about 15,000 people a day. Samuel Tafesse embodies the rags to riches story, as he has grown his company to be one of the largest construction companies in Ethiopia. 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. 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. Morocco - $302.77 billion. Mohammed Al Amoudi - $8.3 Billion. Sebhat Nega - $2 Billion. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. 4. 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. The highest and the lowest net worth. 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. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. Who is the richest person in the world 2021? Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. Africa is home to some of the wealthiest people in the world. 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. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. Free shipping for many products! His businesses produced 1.6% of total U.S. economic output. was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. Elon Musk. 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. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. 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. Who is the richest person in Uganda 2021? 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. South Africa - $329.53 billion. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. Stanbic Bank is the largest commercial bank in Uganda with assets more than UGX 5.4 trillion. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. February 6, 2023. 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. Bill Gates. Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. 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. 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. 1. He had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. Its highest dividend payout was in 2016, with Ksh4.3 billion ($36.9 million) distributed to shareholders. Berhane Gebrekristos - $2 Billion. 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).