top 100 richest person in ethiopia 2021

Berhane Gebrekristos - $2 Billion. icle family law institute 2021; . Shimao. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. He was also the chairman of the Tigrayan Peoples Liberation Front (TPLF) and the head of the Ethiopian Peoples Revolutionary Democratic Front (EPRDF) during the eighties. 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. Samuel Tafesse embodies the rags to riches story, as he has grown his company to be one of the largest construction 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. How does your net worth compare to the fortunes of the wealthiest people in the United States? 1. 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. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. He was one of the closest to the dictator Meles and his wife Azeb Mesfin. The closest and most trusted friend of Meles and Azeb. Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. Meles Zenawi - $3 Billion. Azeb Mesfin - $4 Billion. 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. He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. Xu Rongmao & family. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. . Free shipping for many products! Top 10 Richest People in the World. 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. Samuel Tafesse is one of the most famous businessmen in Ethiopia. He had a net worth of $3 billion, according to Celebrity Net Worth. 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. Forbes places Mohammed Al Amoudis fortune at $8.1 billion as of 2017. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . 15 of the Richest Ethiopians and their Successful Companies in 2021-----. 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 has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. The list of richest Indians by net worth based on an annual assessment of wealth and assets compiled and published by Forbes magazine. 2021 Power 100; 2020 Power 100; 2019 Power 100; 2018 Power 100; 2017 Power 100; Leads & Data Center. It ranks fourth for private wealth held by individuals. By2016, Tewodros would play a vital role in one of Africa's largest private sector business transactions. 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, the group maintains active operations in trade, transportation, construction material rentals, hotels, domestic business investments, and product and service sales in Ethiopia and abroad. 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. 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. 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 . 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. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. Africa is the second largest continent in the world in terms of land area and population. 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. August 24, 2021. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia, and Ethiopia. The Weeknd - $200 Million. 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. Algeria . 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. Kanye began his career in the music industry as a producer and he even used to write songs for a few famous and popular . Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). Ndegwa owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. He's worth $4.3 billion and is the 665th richest person in the world. 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 . His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. Who is the richest person in the world 2021? 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. 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. Samuel Tafesse - $1.6 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 . Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. Eric Lefkofsky: He's the founder of Groupon. 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. 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. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. Even though Ethiopia is classified as one of the developing countries in the world there are still rich people who are are living and enjoying life like the . 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). Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. 1. 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. Ermias Amelga was born in Addis Ababa but would move to Egypt and later to Kenya but would be returned to Addis Ababa to study secondary school and university. He is a politician from the ruling party in Ethiopia. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. According to the latest 2022 Africa Wealth Report, the total private wealth currently held on the African continent is USD 2.1 trillion and is expected to rise by 38% over the next 10 years. This billion-dollar deal is Ethiopias largest-ever privatization agreement. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. Seyoum Mesfin - $1.8 Billion. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. $288.56 billion (PPP, 2021 est.) Ethiopia has a great environment for coffee cultivation. South Africa - $861.93 billion. During the period when Pevans East Africa operated the SportPesa brand, Ndungu, a reclusive business leader who is a significant shareholder and non-executive director of Life Care Medics, received Ksh1.3 billion ($11.1 million) from the company until it ceased operations in June 2019. 1. He is the richest drug lord in Africa with a long criminal history of selling illegal drugs. was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. The Kenyan banking firm, which has 109 branches in Kenya, Uganda, Tanzania, Rwanda, and the Ivory Coast, was formed in 2019 by the merger of NIC Bank Group and Commercial Bank of Africa Group. 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. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. | Website by ethioSEO | Terms of Use | Privacy Policy | Disclosure | Cookies Policy. wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets and like products. 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. 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. In Ethiopia, Eskinder hasconsultedand managed various huge road and bridge projects that are a source of pride for Ethiopians. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. 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. Kwabena Duffuor Net Worth - $680 Million. The company has been operating in Ethiopia for over 60 years now and is respected throughout for their competence. Source: Conglomerate Investment through EAH. Who is the richest man in Ethiopia in 2022? Meles Zenawi is the former Prime Minister of Ethiopia. Who is the richest person in Uganda 2021? 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. began its explosive rise as one of Ethiopia's largest business enterprises. If you have Telegram, you can view and join ETHIOPIAN REPORTER JOB VACANCY IN ETHIOPIA right away. Net Worth: $6.6 billion. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. This includes the landmark Marriott Executive Apartments in Addis Ababa. However, she returned to manage her business after the group incurred losses up to 1 million within a short period. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials and maximum comfort. 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. 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. 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. She has her own business and owns shares in various companies around Ethiopia. who is therichestperson in Ethiopia 2022. Who is the youngest millionaire in Ethiopia? 3. 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, 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. Who is a successful entrepreneur in Ethiopia? 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. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. Most of the coffee produced here is exported and that made this agricultural company famous. 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. Today, Tashitaa has over 300 trucks and vans, and transports about 15,000 people a day. The Ethiopian men and women who have spearheaded the country's phenomenal growth stem from various backgrounds, ethnicities, and religions. Who is the richest company in Uganda? financial services group prepares to launch. $92.413 billion (nominal, 2021 est.) 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. 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. 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 shares from the company have made her present estimated worth of about $1.5 billion. Ethiopian Rich List: Wealthiest Persons In Ethiopia: Mohammed Al Amoudi - $8.45 Billion. Heading into 2022, the 10 wealthiest individuals in the world are all worth . 3. By 2006, Belayneh entered the transport business by establishing the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks. 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. 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. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. By 2011, Suhura was selling between 30-40 tons of khat every day and was also using Ethiopian embassies and consulates as a means of organizing sales worldwide. 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. In 2011, her group recorded sales of between 30 and 40 tonnes of khat per day. Below is a list ofthe top 20 richest Ethiopians in 2023. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. Abay Tsehaye - $1.5 Billion. top 100 richest person in ethiopia 2021. by . Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit in 2022. 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. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. Nega was one of the most powerful men in Ethiopia. He was raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. For various reasons, such as political, economic, etc., Ethiopians are spread out as Diaspora all over the globe. 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. 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. Algeria - $532.57 billion. 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . It ranks fourth for private wealth held by individuals. Estimated net worth: $4 billion. Eyob Mamo left for the United States in 1981 as a young boy. The 10 Richest Individuals in Ethiopia ===== Even though Ethiopia is classified as one of the developing countries in the world. 7. Jamel Toppin . what is the recommended ratio for lifeguard to swimmer He has also invested in various sectors of business that have made the work simpler for him to gain profits. He's worth $4.5 billion and is the 638th richest person in the world. Muriuki holds a two-percent stake in the leading financial services group. His sibling Naguib . In Ethiopia, Eskinder has consulted and managed various huge road and bridge projects that are a source of pride for Ethiopians. 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. 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. Top 10 RICHEST People in Ethiopia 2021 | Rich and Famous TV Subscribe Here: https://bit.ly/3exoQBy. Egypt - $394.28 billion. Estimated net worth: $10 billion. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. 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 . Brian Shuel // Getty Images. He was listed on Forbes as the 67th richest man in Africa and the 183rd in the world. Nigeria has the highest GDP, but Seychelles has the highest GNI per person. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. After completing his education, Duffuor made the highly lucrative move into banking. Following a brain tumor operation in Brussels, Zenawi died from contracting an infection in August 2012. 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. He would start the ardous climb to success by working various jobs, sometimes three at a time. The California based technology entrepreneur is the Board member and co-founder of . Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. View profiles for each of the world's 500 richest people, see the biggest movers, and compare fortunes or track returns. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. Tekleberhan Ambaye is an industry leader and one of Ethiopia's richest men. 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . 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. The top 10 richest people on the planet have a combined net worth of $1.4 trillion. Today, this company owns over a hundred. Search by Location. 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. 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. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . Wealth Milestones. Liya Kebede . . Now that you know what's the richest country in Africa, you can invest in them to grow your wealth and improve their GDP. 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. Mamo is the CEO of the D.C.-based group. His father, who owned Mamo Kacha a bus transport company in Addis Ababa, sent Eyob to a Dakota boarding school to protect him from the ruling military Derg government. on. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. This billion dollar deal is Ethiopia's largest ever privatization agreement. 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. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. top ten richest men in nigeria. 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. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. Source: Oil & Gas, Real Estate and Technology. 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. For some context, . 8. Furthermore, Akiko's OBG also engages in construction machinery rental, spas, gyms, and logistical works. 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. Ndungu is a prominent Kenyan businessman and shareholder in Pevans East Africa. 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. 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. 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. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization ISO. Michael Prince for Forbes. Eyob Joe Mamo - $2.5 Billion. 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. Today, the group maintains active operations in trade, transportation, construction material rentals, hotels, domestic business investments and product and service sales in Ethiopia and abroad. This is a 120 kilometre (75 mile) strip of land which lies between the . 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. 11 . 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. 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. 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. Eskinders obsession with quality has changed the way several construction companies operate in Ethiopia. They're worth a collective $12.7 trillion $400 billion less than in 2021, it says. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. Kenya - $269.29 billion. It made her the top 10 richest people and the #1 richest woman in the world. Advertisement. The-CNN-Wire. What is Mohammed Al Amoudis net worth? Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. 1. 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. 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.

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