who is therichestperson in Ethiopia 2022. Who is the youngest millionaire in Ethiopia? 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. Its highest dividend payout was in 2016, with Ksh4.3 billion ($36.9 million) distributed to shareholders. 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. wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. It ranks fourth for private wealth held by individuals. 8. 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. 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. This includes the landmark Marriott Executive Apartments in Addis Ababa. Advertisement. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. 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. Beginning with small contracts, such as roof maintenance for Wabe Shebelle Hotel and slowly expanding, Samuel's hard work and integrity would cause his little company to blow up into the giant it is now: Sunshine Construction Group. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. 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. 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. Angola - $217.97 billion. 11 . The closest and most trusted friend of Meles and Azeb. 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! 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. 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. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. South Africa - $861.93 billion. Today, this company owns over a hundred. 15 of the Richest Ethiopians and their Successful Companies in 2021-----. Kenya - $269.29 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. $113 . Samuel Tafesse is one of the most famous businessmen in Ethiopia. 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 recent move of Co-operative Bank Group to secure a total of $100 million in long-term debt from global institutional investors comes three months after the Kenyan financial services group reported a staggering profit of Ksh17 billion ($140 billion) at the end of the first nine months of its 2022 fiscal year. Paul Ndungu, a prominent Kenyan businessman and shareholder in Pevans East Africa, the company behind the popular SportPesa betting brand, is auctioning off a residential property located in Nairobi. 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). 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. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. 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. Expanding legalization has driven an increase in bets on football's big game, with wagers more than doubling from 2021 to 2022. Upon coming of age, Al Amoudi would travel to the Kingdom of Saudi Arabia and become a citizen of the country. How does your net worth compare to the fortunes of the wealthiest people in the United States? 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. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. The enterprising Samuel would land a job as a construction worker upon completing high school and go on to study engineering at Addis Ababa University. Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. 4. Source:Oil & Gas, Real Estate and Technology. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials and maximum comfort. Odd Reitan of Rema 1000 fame and Norgesgruppen's Johan Johannson place third and fourth on the list with assets of NOK 51 billion and 50.5 billion respectively. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. 2. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. ALIKO DANGOTE - NW: $21.6 BILLION. The following are Ethiopia's top 20 companies and tax payers for the budget year ending in July 2020: (the amounts are approximate). The youngest person to feature in the list is a 23-year old Shashvat Nakrani who founded the . Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. This business guru holds a net worth of $12.5 Billion. As of December 2023, Tewodros Ashenafis net worth is $5 Million, per All Famous Birthday. 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. Aside from his ownership stake in the group, Bizenu control companies such as Bizenu Investments Plc, East African Agri-Business Plc, Cosmar East Africa Business Plc, East African Group (Eth) Plc, East African Tiger Brands Plc, Ethio-Asia Industries Plc, National Cement S.C., East African Coal Mining Corporation Plc, and a host of other companies. 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 . Estimated net worth: $10 billion. Before becoming the prime minister of his native country, Zenawi was the president of Ethiopia in the nineties (from 1991 to 1995). 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. Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. By. Nega was one of the most powerful men in Ethiopia. Meles Zenawi - $3 Billion. As of Jan 2023, India has 166 billionaires which put the country third in the world, after the United States and China. 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. The company has more than 3,000 employees. There were a record 2,755 billionaires in Forbes' 2021 list of the world's wealthiest people660 more than a year ago. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. Kanye West has made it to the top of the list this year by beating Jay-Z. Nega was one of the most powerful men in Ethiopia. Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. Ndegwa owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. Ketema Kebede created the self named KK Plc. 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. Many of these men and women have also achieved exceptional success and are deserving of being included in the list of the richest Ethiopians. Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. 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. 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. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. BBC Africa. 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. She has been named Ethiopian Entrepreneur of the Year several times and her accolades in her industry prove that Suhura Khan is one of Ethiopia's richest people. Its estimated population is 99,202 people, its 2021 GDP was USD 1.45 billion, and its GNI per capita was 29,800. 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. In Ethiopia, Eskinder hasconsultedand managed various huge road and bridge projects that are a source of pride for Ethiopians. 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. The market value of Muriukis two-percent stake in Co-op Bank is now worth Ksh1.48 billion ($11.7 million). Who is the richest company in Uganda? 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. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. Eyob "Joe" Mamo. 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. 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. 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. 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. Ndungu is a prominent Kenyan businessman and shareholder in Pevans East Africa. Samuel Tafesse - $1.6 Billion. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. The enterprising Eyob buys his gas from refiners and then sells it to the operators of the stations he owns. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. He has also invested in various sectors of business that have made the work simpler for him to gain profits. 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. $92.413 billion (nominal, 2021 est.) 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 is the richest drug lord in Africa with a long criminal history of selling illegal drugs. 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. 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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. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization ISO. 1. 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. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. Xu Rongmao & family. 1. A billionaire in his own right, Tewodros Ashenafi, one of Ethiopia's richest, is without a doubt, a significant contributor to the current explosive growth of Ethiopia. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. 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. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. The California based technology entrepreneur is the Board member and co-founder of . $288.56 billion (PPP, 2021 est.) 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. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. 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. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc.