Posted on April 16, 2023
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0 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. in 1976, as a mere youth. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. We could have simply put together a list of New Jersey's wealthiest people, but NJBIZ . 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. Tekleberhan Ambaye is an industry leader and one of Ethiopia's richest men. The company has more than 3,000 employees. 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. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . He would start the ardous climb to success by working various jobs, sometimes three at a time. Unfortunately, his family's finances would force him to drop out after three years of higher learning, just short of receiving his degree. 1. Berhane Gebrekristos - $2 Billion. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. BBC Africa. It ranks fourth for private wealth held by individuals. who is therichestperson in Ethiopia 2022. Who is the youngest millionaire in Ethiopia? The Ture business empire is engaged in the import and distribution of hardware, machinery, and construction materials, including the installation of small and large-scale factories. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. 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. Follow us too! Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. Mohammed Al Amoudi - $8.3 Billion. Expanding legalization has driven an increase in bets on football's big game, with wagers more than doubling from 2021 to 2022. Free shipping for many products! Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia, and Ethiopia. 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. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. $288.56 billion (PPP, 2021 est.) Who is the richest man in Ethiopia in 2022? Xu Rongmao & family. 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. 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. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. 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. From Nigeria, he is the founder and . 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. Ethiopia is home to about 105 million people. Read profiles and interviews, and see all the facts and figures for 2022 Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization or ISO. Ethiopia-born billionaire Mohammed Al-Amoudi. Now that you know what's the richest country in Africa, you can invest in them to grow your wealth and improve their GDP. 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). 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. 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. 91. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. Top 10 RICHEST People in Ethiopia 2021 | Rich and Famous TV Subscribe Here: https://bit.ly/3exoQBy. 2. Angola - $217.97 billion. This business guru holds a net worth of $12.5 Billion. 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. Eric Lefkofsky: He's the founder of Groupon. He had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . 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. 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. Who is a successful entrepreneur in Ethiopia? The highest and the lowest net worth. Here's whose net worth grew the most. 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. Companies run by Buzayehu include: Bizenu Investments Plc., East African Agri-Business Plc., Cosmar East Africa Business Plc., East African Group (Eth) Plc., East African Tiger Brands Plc., Ethio-Asia Industries Plc., National Cement S.C., East African Coal Mining Corporation Plc., East African Real Estate Development Plc., National Transport Plc., National Premix Construction Plc., Hamaressa Edible Oil S.C., and Distribution Outlets (over 21 located throughout Ethiopia). Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. He was previously a member of the politburo of TPLF and was close to the dictator. 2 weeks ago. He was close to Meles but was later kicked out of both organisations. : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, . Elon Musk, with a fortune of $266 billion, is the richest person on the planet. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . Seeing this unfortunate management crisis, Suhura returned to the helm of the business. If you have Telegram, you can view and join ETHIOPIAN REPORTER JOB VACANCY IN ETHIOPIA right away. 2023 Billionaires.Africa. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. Net Worth: Top 25 Famous, Richest Actors In Nigeria In 2023 (Highest-Paid Nigerian Nollywood Actors), Net Worth: Top 20 Richest Footballers In Africa In 2023, Their Names, Ages, Country, Forbes, Cars, Houses, Pictures, Etc, Accurate List: Top 10 Best Rappers In Africa In 2023; Their Names, Countries, and Rank, Net Worth: Top 10 Richest Rappers In Africa In 2023 (Highest-Paid African Rappers By Forbes), Net Worth: Top 10 Youngest Richest Men In Ghana In 2023 That Live Lavish Lifestyles, Ghanaian Fraud Boys: Top 10 Richest Scammers In Ghana In 2023; Their Net Worth, Names, Ages, Pictures, Net Worth: Top 20 Richest Musicians In Ghana In 2023 Most Successful Ghanaian Artists Now. He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. The following are Ethiopia's top 20 companies and tax payers for the budget year ending in July 2020: (the amounts are approximate). began its explosive rise as one of Ethiopias largest business enterprises. 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. 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. 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. Samuel Tafesse is one of the most famous businessmen in Ethiopia. This billion-dollar deal is Ethiopias largest-ever privatization agreement. 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. Michael Prince for Forbes. 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. This is a 120 kilometre (75 mile) strip of land which lies between the . What is Mohammed Al Amoudis net worth? (Sponsored Content) Published. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. Ketema Kebede created the self named KK Plc. 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. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Nega was one of the most powerful men in Ethiopia. This includes the landmark Marriott Executive Apartments in Addis Ababa. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. Pevans East Africa, the holding company for SportPesa, began distributing dividends to its shareholders in 2015, with a total payout of Ksh1.57 billion ($23.46 million). Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. 7. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. Top 20 Richest People In Pakistan and Their Net Worth 2022. was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. View profiles for each of the world's 500 richest people, see the biggest movers, and compare fortunes or track returns. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. Azeb Mesfin - $4 Billion. Ethiopia has a great environment for coffee cultivation. 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. Estimated net worth: $4 billion. Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. richest nigerian in houston. Jamel Toppin . Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. Tekleberhan Ambaye (Eng) began his rise to greatness in 1993, registering his self named TACON or Tekleberhan Ambaye Construction Plc., with the initial capital of 5,000 ETB or 185 USD. Select Page. Sergey Brin. Eyob "Joe" Mamo. Patrick T. Fallon/Bloomberg. 3. As per the index, President Dangote Group, Aliko Dangote, has retained his position as the continent's wealthiest man for the eleventh year in a row with a net worth of $20.5 billion, up from $20.3 billion last month. 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. South Africa - $329.53 billion. 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. 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . Today, Tashitaa has over 300 trucks and vans, and transports about 15,000 people a day. 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. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. 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. 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. 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. In 2010, she retired from the group, leaving her empire to be managed by her sons. This company went into other sectors of agriculture as well so that it can flourish from all sides. Estimated net worth: $10 billion. His sibling Naguib . List of wealthiest Canadians (Forbes, 2021) World rank Name Net worth (USD) Source of wealth 33: David Thomson & family: US$41.8 billion: Media 189: Joseph Tsai: . 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. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. It spans . 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. 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 . 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 . She is the widow of the late dictator Meles. He serves as chairman of SouthWest Development, a leading player in Ethiopias oil and gas sector and the provider of various services to oil and gas companies. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. 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. Egypt - $394.28 billion. list of the billionaires and millionaires in Ethiopia. By comparison, Elon Musk, at over $304 billion, still has a little ways to go just yet. 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. Barack Obama said that Zenawi deserves recognition for his lifelong contribution to Ethiopias development, particularly to the poor. Kenya - $269.29 billion. Whitney MacMillan (conceived September 25, 1929) is a beneficiary to the Cargill-MacMillan fortune and filled in as the CEO of Cargill, America's most significant privately owned business. right away. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. Eyob Mamo left for the United States in 1981 as a young boy. Top 10 Richest People In New Zealand and Their Net Worth 2022. Below is a list ofthe top 20 richest Ethiopians in 2023. Expanding further by looking to the booming construction industry in Ethiopia, Belayneh acquired 10 dump trucks, 4 bulldozers, 3 excavators, 2 graders, 3 mixers and a crusher which he rents out. 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. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . With annual revenue of more than $100 million, Ethio Biography places his net worth at $1.6 billion. Ethiopians are known to be hard workers and passionate about their chosen endeavors. 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. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. 5. 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. 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. 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. Who is the first billionaire in Ethiopia? Upon coming of age, Al Amoudi would travel to the Kingdom of Saudi Arabia and become a citizen of the country. Gerelta Business Plc. 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. However, she returned to manage her business after the group incurred losses of up to 1 million within a short period. By 1988, Al Amoudi's company MIDROC or Mohammed International Development Research and Organization Companies would land a 30,000,000,000 USD or 810,000,000,000 ETB contract to build an underground oil storage complex for Saudi Arabia. This land would be supplemented with an additional 1,500 hectares of land by the government of the Southern Nations, Nationalities and Peoples. Jeff Bezos. Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. Top 10 Wealthiest/Richest People In Ethiopia In 2023. 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). Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. 1. Eyob Joe Mamo - $2.5 Billion. 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. Eskinder's obsession with quality has changed the way several construction companies operate in Ethiopia. Top 100 country songs of all time. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. what is the recommended ratio for lifeguard to swimmer 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. 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). The closest and most trusted friend of Meles and Azeb. 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. 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. Muriuki holds a two-percent stake in the leading financial services group. . 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. 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. According to research conducted by Billionaires.Africa. 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. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. Nov 21, 2022. There were a record 2,755 billionaires in Forbes' 2021 list of the world's wealthiest people660 more than a year ago. This company would be supplemented with SouthWest Development which gives services to companies engaged in the oil and gas industry in Ethiopia. She is the Widow of the late Prime Minister Meles Zenawi, she has ownership interests in many of the biggest companies in Ethiopia. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. Mohammed Al Amoudi - $8.3 Billion. Despite ranking only 29th in Africa by economic wealth, Ethiopia is a land of riches for thousands. 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. He is extremely influential in the country. After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses in Ethiopia.