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

Heading into 2022, the 10 wealthiest individuals in the world are all worth . iwi masada aftermarket parts. 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. 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. February 6, 2023. in 1976, as a mere youth. He has been chairman of Ethiopian Airlines. According to Wikipedia, he began his career at Ghana Commercial Bank in 1969. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. Who is the second richest person in Ethiopia. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. For some context, . By2016, Tewodros would play a vital role in one of Africa's largest private sector business transactions. However, she returned to manage her business after the group incurred losses of up to 1 million within a short period. Algeria . Although no longer living, Mohammed Ture's company is run by 6 members of the Ture family. 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. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. Who are the richest celebrities in Ethiopia in 2023? Elon Musk, with a fortune of $266 billion, is the richest person on the planet. Furthermore, Akikos OBG also engages in construction machinery rental, spas, gyms, and logistical work. This was the beginning of his journey to financial success. 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. 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. He was close to Meles but was later kicked out of both organisations. 9. He is a politician from the ruling party in Ethiopia. Nega was one of the most powerful men in Ethiopia. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. Seyoum Mesfin - $1.8 Billion. 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. Africa is home to some of the wealthiest people in the world. In Ethiopia, Eskinder hasconsultedand managed various huge road and bridge projects that are a source of pride for Ethiopians. Source: Oil & Gas, Real Estate and Technology. Mohammed Hussein Al Amoudi was born in Ethiopia in 1946 to a Hadhrami father and an Ethiopian mother. Thus the production of coffee is a perfect business that Omer Ali Shifaw set up there. booming construction industry in Ethiopia. Meles Zenawi wasan Ethiopian politician and businessman born on May 9, 1955, but died on Aug 20, 2012, at age of 57 years old. 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. In 2011, her group recorded sales between 30 and 40 tonnes of khat per day. Read profiles and interviews, and see all the facts and figures for 2022 From Nigeria, he is the founder and . Estimated net worth: $10 billion. He is the richest drug lord in Africa with a long criminal history of selling illegal drugs. Today, this company owns over a hundred. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. Omer owns coffee clearing machines, coffee washing stations and plans to start up a coffee plantation. Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released this week. Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. At the time of writing, Co-op Bank shares on the Nairobi Securities Exchange were trading at Ksh12.5 ($0.0985), 4 basis points lower than their opening price this morning, pushing the companys market capitalization further below the Ksh74-billion ($580 million) mark. Nigeria has the highest GDP, but Seychelles has the highest GNI per person. 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. Its estimated population is 99,202 people, its 2021 GDP was USD 1.45 billion, and its GNI per capita was 29,800. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. 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. Forbes places Mohammed Al Amoudis fortune at $8.1 billion as of 2017. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. (Reuters) Larry . 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. right away. This business guru holds a net worth of $12.5 Billion. 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. 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. 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. 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. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopias richest a billionaire. 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 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. Shimao. 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. Sebhat Nega - $2 Billion. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. All this and more, has made Omer Ali Shifaw one of Ethiopia's richest men and a self-made one at that. The IIFL Wealth Hurun India Rich List has revealed the top 100 wealthiest people in the country. 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. 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. As of December 2023, Tewodros Ashenafis net worth is $5 Million, per All Famous Birthday. Jimoh Ibrahim - $1.1 billion. Azeb Mesfin - $4 Billion. Who is the richest man in Ethiopia in 2022? 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. She has her own business and owns shares in various companies around Ethiopia. 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. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. 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. This billion dollar deal is Ethiopia's largest ever privatization agreement. Furthermore, Akiko's OBG also engages in construction machinery rental, spas, gyms, and logistical works. Elon Musk. 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. 7. 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. Belayneh Kindie. began its explosive rise as one of Ethiopia's largest business enterprises. He also explained the requirements for the special resolution to pass, stating that it must receive the support of shareholders holding a minimum combined stake of 75 percent. This is a 120 kilometre (75 mile) strip of land which lies between the . 2 weeks ago. 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. 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. He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. She is the Widow of the late Prime Minister Meles Zenawi, she has ownership interests in many of the biggest companies in Ethiopia. The company has been operating in Ethiopia for over 60 years now and is respected throughout for their competence. 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. Top 10 Richest People In New Zealand and Their Net Worth 2022. Eskinder's obsession with quality has changed the way several construction companies operate in Ethiopia. Xu Rongmao & family. 3. 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. 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. He has also invested in various sectors of business that have made the work simpler for him to gain profits. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia and Ethiopia. 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. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. 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. . 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. Meles Zenawi - $3 Billion. Angola - $217.97 billion. He's worth $4.5 billion and is the 638th richest person in the world. 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). 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . He had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. 9. Free shipping for many products! $92.413 billion (nominal, 2021 est.) The bank first operated in Uganda as the National Bank of India in 1906. Source:Conglomerate Investment through EAH. He had a net worth of $3 billion, according to Celebrity Net Worth. . Despite ranking only 29th in Africa by economic wealth, Ethiopia is a land of riches for thousands. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization or ISO. Ketema Kebede created the self named KK Plc. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . Eyob Mamo left for the United States in 1981 as a young boy. What is the richest country in Africa? Estimated net worth: $4 billion. 3. 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. 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. Through his legal representative, Ekuru Aukot, Ndungu clarified that the injunction against him and Maina had already expired on Jan. 24, as per the law, and had not been renewed. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. Samuel Tafesse embodies the rags to riches story, as he has grown his company to be one of the largest construction companies in Ethiopia. Samuel Tafesse - $1.6 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. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . Ethiopia has a great environment for coffee cultivation. After completing his education, Duffuor made the highly lucrative move into banking. He is the leading name behind Nejat International which is involved in supplying high-grade coffee to other countries around the world. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. $113 . Samuel Tafesse is one of the most famous businessmen in Ethiopia. Africa is the second largest continent in the world in terms of land area and population. Follow us too! Berhane Gebrekristos - $2 Billion. 15 of the Richest Ethiopians and their Successful Companies in 2021-----. $288.56 billion (PPP, 2021 est.) 2. richest nigerian in houston. 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. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. 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. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. It spans . Nega was one of the most powerful men 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. Ethiopian Rich List: Wealthiest Persons In Ethiopia: Mohammed Al Amoudi - $8.45 Billion. 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. 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. The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group), and Preem (his most valuable asset) through the wholly-owned Petroswede AB. Through the crafty use of his familys trading background, Ketema began to retail acrylic yarn and other similar items that were in high demand throughout Ethiopia. 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. Now that you know what's the richest country in Africa, you can invest in them to grow your wealth and improve their GDP. coffee export, and coffee roasting and packing. As a khat street vendor, her profits were very small until she began to explore the business opportunities in the neighboring country of Somaliland. Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. 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. 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 . 2. A significant percentage of the countrys richest individuals are politicians. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. 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. Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. Source: Conglomerate Investment through EAH. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. 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. In 2011, her group recorded sales of between 30 and 40 tonnes of khat per day. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. What is the net worth of Ethiopia? Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. She controls over 50% of the khat market in Ethiopia and is also a leader in global sales of the product. 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. After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses in Ethiopia. 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. Ronald Karauri, who made the announcement, revealed that Pevans is facing a staggering Ksh14.3 billion ($114.7 million) in negative equity. who is therichestperson in Ethiopia 2022. Who is the youngest millionaire in Ethiopia? Samuel Tafesse's company now engages in large-scale road and bridge projects, large scale real estate developments, the building of residential properties, hotel and commercial building construction. 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. It ranks fourth for private wealth held by individuals. 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. $127 Billion. It is also one of the world's fastest-growing economies. They have such an amount of money because of connections with the countrys politics and a stable business that takes the supplies from the country and sends them to other places. Below is a list of the top 20 richest Ethiopians in 2022. Net Worth: $6.6 billion. For various reasons, such as political, economic, etc., Ethiopians are spread out as Diaspora all over the globe. 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. 4. Muriuki holds a two-percent stake in the leading financial services group. The California based technology entrepreneur is the Board member and co-founder of . Ethiopia is home to over 122 million people, per Worldometer. This includes the landmark Marriott Executive Apartments in Addis Ababa. He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. 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. richest nigerian in houston. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets and like products. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. 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. Furthermore, a deal with Globelq to create a solar park with 100MW is being negotiated. 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. 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. 1. He is extremely influential in the country. June 6, 2022 . The shares from the company have made her present estimated worth of about $1.5 billion. Beginning with only the import of items to satisfy the local demand, Omer would in 1995 expand to engage deeply within the coffee business. Aliko Dangote: The first on the list is Aliko Dangote. However, she returned to manage her business after the group incurred losses up to 1 million within a short period. As of November 2022, Aliko Dangote was the richest man in Africa. 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. 1. By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. Kenya - $269.29 billion. Wealth Milestones. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Kwabena Duffuor Net Worth - $680 Million. What is Mohammed Al Amoudis net worth? As of 31 December 2020, the banks assets were valued at Shs8. Recently, Akiko, along with the Italian Enel Green Power, were to sign a 3,240,000,000 ETB or 120,000,000 USD to develop, operate and build a solar power generation plant in Metehara. This company went into other sectors of agriculture as well so that it can flourish from all sides. Top 10 Wealthiest/Richest People In Ethiopia In 2023. what is the recommended ratio for lifeguard to swimmer As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization ISO. Jeff Bezos of Amazon, the richest one of the world from the US has a net worth of US$ 140 bn. 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. 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. This billion-dollar deal is Ethiopias largest-ever privatization agreement. 2. 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. 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . China. He is still one of the most influential people in the whole of Ethiopia today. Taking the position of Prime Minister of Ethiopia from 1995 (until his death in August 2012), Zenawi was hailed as one of Africas strongmen, introducing a multi-party political system, and private press in the country, and reducing child mortality rates. 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. With an estimated fortune of $131bn (99bn) he is the . 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. 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 . 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. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest . Before starting his company in Ethiopia, Eskinder had already become a success in Germany. 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. Liya Kebede . The data and graphics were last updated on November 8th, 2021. 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. 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. Date of birth: 24th February 1967. 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. There were a record 2,755 billionaires in Forbes' 2021 list of the world's wealthiest people660 more than a year ago. 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. 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. Bill Gates. Seeing this unfortunate management crisis, Suhura returned to the helm of the business. Mohammed Hussein Al Amoudi Biography. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. 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). Ethiopia's First and Largest Blog Network. Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit in 2022. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. As a local partner in Ethiopia for Japan Tobacco International, he closed a $1.4-billion deal to acquire a 40-percent interest in Ethiopias National Tobacco Enterprise.