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

who is therichestperson in Ethiopia 2022. Who is the youngest millionaire in Ethiopia? what is the recommended ratio for lifeguard to swimmer 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. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. 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. Net Worth: $6.6 billion. He was close to Meles but was later kicked out of both organisations. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. With an estimated fortune of $131bn (99bn) he is the . The list of richest Indians by net worth based on an annual assessment of wealth and assets compiled and published by Forbes magazine. However, less than 3,400 are ultra-high net-worth individuals. Algeria . Mohammed Hussein Al Amoudi Biography. Throughout the years, the company has delivered over 2,800 housing units with more on the way. Although no longer living, Mohammed Tures company is run by 6 members of the Ture family. Azeb Mesfin. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. Search by Location. Some of them include Columbia University's Africa Center Advisory Board, Atlantic Council International, New York's East West Institute, Initiative for Global Development, and was the winner of Young Global Leader (World Economic Institute). 9. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. His businesses produced 1.6% of total U.S. economic output. ALIKO DANGOTE - NW: $21.6 BILLION. From Nigeria, he is the founder and . Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. 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. 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. In 2011, her group recorded sales between 30 and 40 tonnes of khat per day. Having been enthralled with the little he had seen in the construction business, Samuel would borrow 10,000 ETB or 370 UDS to get a construction license in 1986. Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released this week. She is the widow of the late dictator Meles. 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. 1. Meles Zenawi - $3 Billion. 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. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. Its estimated population is 99,202 people, its 2021 GDP was USD 1.45 billion, and its GNI per capita was 29,800. 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. 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. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. Ethiopia - $298.57 billion. Who is the richest person in the world 2021? In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Samuel Tafesse is one of the most famous businessmen in Ethiopia. As of 31 December 2020, the banks assets were valued at Shs8. 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. Always looking to grow, Belayneh would spend a further 600,000,000 ETB or 23,000,000 USD to acquire a 40,000 sqm plot of land in Bahir Dar to build a 5 star resort and hotel. Who are the richest celebrities in Ethiopia in 2023? Beginning with only the import of items to satisfy the local demand, Omer would in 1995 expand to engage deeply within the coffee business. Kenya - $269.29 billion. 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. 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. Ethio Telecom 21.6 billion Ethiopian Birr (585 million USD) Ethio Telecom, formerly known as the Ethiopian Telecommunications Corporation (ETC), is an Ethiopian telecom company serving as the foremost internet . : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, . Barack Obama said that Zenawi deserves recognition for his lifelong contribution to Ethiopias development, particularly to the poor. Buzayehu T. Bizenu is the founder of East African Holding Share Company (EAH S.C.), a huge conglomerate of companies operating in almost all the large business sectors of Ethiopia. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. 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. 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. Date of birth: 24th February 1967. Berhane Gebrekristos present estimation of net worth is about $2 billion but his real worth previously was even more than this. Nega was one of the most powerful men in Ethiopia. Ndegwa owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. Who is the first billionaire in Ethiopia? Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. South Africa - $329.53 billion. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. Who is the richest person in Uganda 2021? 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. For some context, . 2021 Power 100; 2020 Power 100; 2019 Power 100; 2018 Power 100; 2017 Power 100; Leads & Data Center. 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 . As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. 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. 3. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. Africa is home to some of the wealthiest people in the world. Muriuki 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. 11 . The youngest person to feature in the list is a 23-year old Shashvat Nakrani who founded the . 2. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. His power in the Ethiopian cabinet along with the airlines helped him smuggle a lot of drugs within Africa and Asia. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. 7. Furthermore, Akiko's OBG also engages in construction machinery rental, spas, gyms, and logistical works. 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. Eskinder has also been awarded by the Ethiopian Roads Authority (ERA) and Addis Ababa City Roads Authority (AACRA) for being one of the best engineers benefiting Ethiopia. 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. 3. 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. 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . 1 / 63. began its explosive rise as one of Ethiopias largest business enterprises. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. We could have simply put together a list of New Jersey's wealthiest people, but NJBIZ . 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. Ethiopians are known to be hard workers and passionate about their chosen endeavors. View profiles for each of the world's 500 richest people, see the biggest movers, and compare fortunes or track returns. 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. 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. Nigeria has the highest GDP, but Seychelles has the highest GNI per person. 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. 1. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. Top 10 Richest People in the World. This billion-dollar deal is Ethiopias largest-ever privatization agreement. 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! Despite ranking only 29th in Africa by economic wealth, Ethiopia is a land of riches for thousands. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. By 2011, Eyob's company was valued at about 788,000,000 USD or 21,000,000,000 ETB. Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. 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. 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. financial services group prepares to launch. Late last year, Musk became the first person ever to lose $200 billion in wealth after his net worth slid from some $340 billion in Nov. 2021 to $137 billion in Dec. 2022. 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 Dangote Group is currently on an expansion drive to many other African countries. Meles Zenawi is the former Prime Minister of Ethiopia. Samuel Tafesse - $1.6 Billion. 3. He's worth $4.5 billion and is the 638th richest person in the world. 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. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. This land would be supplemented with an additional 1,500 hectares of land by the government of the Southern Nations, Nationalities and Peoples. Angola - $217.97 billion. 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. Africa is the second largest continent in the world in terms of land area and population. 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. The-CNN-Wire. 1. However, she returned to manage her business after the group incurred losses up to 1 million within a short period. Eric Lefkofsky: He's the founder of Groupon. Seyoum Mesfin - $1.8 Billion. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. Here's whose net worth grew the most. Seeing this unfortunate management crisis, Suhura returned to the helm of the business. After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses 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. This billion dollar deal is Ethiopia's largest ever privatization agreement. 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. Suhura Ismail Khan was born in the 1960's in the Somali region city of Jijiga in the eastern part of Ethiopia. Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. 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. top 100 richest person in ethiopia 2021. by . With annual revenue of more than $100 million, Ethio Biography places his net worth at $1.6 billion. Nigeria is the richest and most populous country in Africa. 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. 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. 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. By 2006, Belayneh entered the transport business by establishing the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks. It made her the top 10 richest people and the #1 richest woman in the world. 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. icle family law institute 2021; . Amidst a legal dispute with fellow shareholders in Pevans East Africa, Ndungu and another shareholder, Asenath Wachera Maina, were removed from their positions in Pevans East Africa following a special resolution. 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. 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. 2 weeks ago. 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. Source: Conglomerate Investment through EAH. 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. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. Berhane Gebrekiristos. 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. By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. 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 . 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. 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. 3. The following are Ethiopia's top 20 companies and tax payers for the budget year ending in July 2020: (the amounts are approximate). 2. According to Wikipedia, he began his career at Ghana Commercial Bank in 1969. China. Select Page. Most of the coffee produced here is exported and that made this agricultural company famous. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. The company has been operating in Ethiopia for over 60 years now and is respected throughout for their competence. Mamo is the CEO of the D.C.-based group. Following the line of work her parents were in, Suhura upon growing older began her own small business khat dealership. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. 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. 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. Furthermore, a deal with Globelq to create a solar park with 100MW is being negotiated. 4. He is the richest drug lord in Africa with a long criminal history of selling illegal drugs. Nigeria - $514.05 billion. 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . 9. 1. The IIFL Wealth Hurun India Rich List has revealed the top 100 wealthiest people in the country. Up next with a net worth of $680 million is Kwabena Duffuor. The company has been operating in Ethiopia for over 60 years now and is respected throughout for its competence. Top 20 Richest People In Pakistan and Their Net Worth 2022. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. Ndungu is a prominent Kenyan businessman and shareholder in Pevans East Africa. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. coffee export, and coffee roasting and packing. Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 13 consecutive years. in 1976, as a mere youth. It is also one of the world's fastest-growing economies. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. This includes the landmark Marriott Executive Apartments in Addis Ababa. Michael Prince for Forbes. Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. He was one of the closest to the dictator Meles and his wife Azeb Mesfin. One of the factors contributing to . 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. 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. Read profiles and interviews, and see all the facts and figures for 2022 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. Jamel Toppin . Rich List 2022 is our definitive guide to the wealth of the UK's richest people. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. Azeb Mesfin - $4 Billion. This business guru holds a net worth of $12.5 Billion. . Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. Ethiopia-born billionaire Mohammed Al-Amoudi. | Website by ethioSEO | Terms of Use | Privacy Policy | Disclosure | Cookies Policy. In Ethiopia, Eskinder hasconsultedand managed various huge road and bridge projects that are a source of pride for Ethiopians. Berhane Gebrekristos - $2 Billion. 6. Ethiopia is home to over 122 million people, per Worldometer. 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. 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 the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets and like products. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. It ranks fourth for private wealth held by individuals. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials and maximum comfort. The top 10 richest people on the planet have a combined net worth of $1.4 trillion. He was listed on Forbes as the 67th richest man in Africa and the 183rd in the world. 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. $92.413 billion (nominal, 2021 est.) Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. Eyob Joe Mamo - $2.5 Billion.