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. He had a net worth of $3 billion, according to Celebrity Net Worth. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. 2 weeks ago. 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. 2. Samuel Tafesse is one of the most famous businessmen in Ethiopia. He lives in Chicago. Throughout the years, the company has delivered over 2,800 housing units with more on the way. Morocco - $302.77 billion. Thus the production of coffee is a perfect business that Omer Ali Shifaw set up there. Orchid Business Group holds government contracts for a variety of highly lucrative endeavors, such as being involved in the construction of the GERD or Grand Ethiopian Renaissance Dam, the Awash/Kombolcha/Woldiya Railway construction, as well as, many other foundation works and roads. His net worth at present is $500 million. It is also one of the world's fastest-growing economies. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. He is the leading name behind Nejat International which is involved in supplying high-grade coffee to other countries around the world. 10. 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. Eskinders obsession with quality has changed the way several construction companies operate in Ethiopia. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. 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 Kenyan banking firm, which has 109 branches in Kenya, Uganda, Tanzania, Rwanda, and the Ivory Coast, was formed in 2019 by the merger of NIC Bank Group and Commercial Bank of Africa Group. 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. Nov 21, 2022. In 2010, she retired from the group, leaving her empire to be managed by her sons. View profiles for each of the world's 500 richest people, see the biggest movers, and compare fortunes or track returns. 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. Unfortunately, his family's finances would force him to drop out after three years of higher learning, just short of receiving his degree. According to Wikipedia, he began his career at Ghana Commercial Bank in 1969. Aliko Dangote: The first on the list is Aliko Dangote. This company went into other sectors of agriculture as well so that it can flourish from all sides. Top 10 Richest People In New Zealand and Their Net Worth 2022. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. Before becoming the prime minister of his native country, Zenawi was the president of Ethiopia in the nineties (from 1991 to 1995). 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! Patrick T. Fallon/Bloomberg. This company would be supplemented with SouthWest Development which gives services to companies engaged in the oil and gas industry in Ethiopia. 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 . 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). 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. Estimated net worth: $10 billion. Xu Rongmao & family. 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. 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. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. 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. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. Gerelta Business Plc. 9. list of the billionaires and millionaires in Ethiopia. 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. 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. 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. 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. One of the factors contributing to . Tekleberhan has also opened up Edna Mall, housing a modern movie theater, and one of only two countries in Africa that receive Hollywood movies directly upon their release. Abay Tsehaye - $1.5 Billion. Today, this company owns over a hundred. $288.56 billion (PPP, 2021 est.) According to research conducted by Billionaires.Africa. : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, . 2023 Billionaires.Africa. She is the widow of the late dictator Meles. He was raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. He was previously a member of the politburo of TPLF and was close to the dictator. 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. Tekleberhan Ambaye is an industry leader and one of Ethiopias richest men. Berhane Gebrekiristos. Belayneh Kindie has amassed a fortune through his Belayneh Kindie (BK) Business Group, an Ethiopia-based group initially focused on exporting oil seeds, nuts and other products. Today, Tashitaa has over 300 trucks and vans, and transports about 15,000 people a day. $113 . 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. 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 . 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. Egypt - $394.28 billion. He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. Who are the richest celebrities in Ethiopia in 2023? 2. Suhura Ismail Khan was born in the 1960's in the Somali region city of Jijiga in the eastern part of Ethiopia. Tenth in the list of richest persons in 2022 is Sergey Brin with his $91.4 billion net worth. What is the richest country in Africa? In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . In the biggest companies and industries, she is a stakeholder and thus she has an estimated worth of $4 billion combining the worth of the dictator and all that she got out of the interests of the companies. As of December 2023, Tewodros Ashenafis net worth is $5 Million, per All Famous Birthday. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. 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. 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. wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. 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, Akiko's OBG also engages in construction machinery rental, spas, gyms, and logistical works. However, she returned to manage her business after the group incurred losses up to 1 million within a short period. was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. 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. Africa is the second largest continent in the world in terms of land area and population. Catch New Video Here: https://bit.ly/2ZxWEKL Mohammed Al Amoudi - $8.3 Billion. China. Sebhat Nega - $2 Billion. 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. Sergey Brin. Jimoh Ibrahim - $1.1 billion. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. 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. 2. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. It ranks fourth for private wealth held by individuals. 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. This was the beginning of his journey to financial success. Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. It made her the top 10 richest people and the #1 richest woman 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). At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. 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. He is extremely influential in the country. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. Source: Conglomerate Investment through EAH. coffee export, and coffee roasting and packing. 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. 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. 1. Heading into 2022, the 10 wealthiest individuals in the world are all worth . 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. 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. Azeb Mesfin. 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. Michael Prince for Forbes. 1. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. 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). Upon coming of age, Al Amoudi would travel to the Kingdom of Saudi Arabia and become a citizen of the country. 9. iwi masada aftermarket parts. 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. Read profiles and interviews, and see all the facts and figures for 2022 Source:Conglomerate Investment through EAH. 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. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. From Nigeria, he is the founder and . booming construction industry in Ethiopia. icle family law institute 2021; . (Sponsored Content) Published. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. Eskinder's obsession with quality has changed the way several construction companies operate in Ethiopia. 1. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). For most, the journey to becoming one of the richest Ethiopians was not an easy one, but through an undying obsession to become successful, these people have reached their goals. The bank first operated in Uganda as the National Bank of India in 1906. 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. 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. 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. 7. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization ISO. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. By. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. $92.413 billion (nominal, 2021 est.) He has also launched other businesses and philanthropic entities under Sunshine Investment Group. 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. Eyob Joe Mamo - $2.5 Billion. Fv 27, 2023 . Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. She controls over 50% of the khat market in Ethiopia and is also a leader in global sales of the product. Top 20 Richest People In Pakistan and Their Net Worth 2022. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. A significant percentage of the countrys richest individuals are politicians. Mohammed Hussein Al Amoudi Biography. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. The Ethiopian men and women who have spearheaded the country's phenomenal growth stem from various backgrounds, ethnicities, and religions. The-CNN-Wire. In 2011, her group recorded sales between 30 and 40 tonnes of khat per day. Top 10 Wealthiest/Richest People In Ethiopia In 2023. She is the Widow of the late Prime Minister Meles Zenawi, she has ownership interests in many of the biggest companies in Ethiopia. 91. The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group), and Preem (his most valuable asset) through the wholly-owned Petroswede AB. 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. ALIKO DANGOTE - NW: $21.6 BILLION. Net Worth: $6.6 billion. Nigeria - $1.14 trillion. He was previously in the position of foreign affairs minister where he had a lot of power over trade. She has her own business and owns shares in various companies around Ethiopia. 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 . Source: Oil & Gas, Real Estate and Technology. Bill Gates. He was listed on Forbes as the 67th richest man in Africa and the 183rd in the world. Nega was one of the most powerful men in Ethiopia. The shares from the company have made her present estimated worth of about $1.5 billion. After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses in Ethiopia. now scroll down to watch cat videos, Thank me later! Stanbic Bank is the largest commercial bank in Uganda with assets more than UGX 5.4 trillion. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. 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. Wealth Milestones. Since the company is facing competitors the business has decreased making enough profit like before. This business guru holds a net worth of $12.5 Billion. He lives in Glencoe. 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. 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. 3. 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. 1. Top 10 Universities in Africa; 20 Interesting Facts about Africa; Top 100 richest people in africa; Top 7 most developed African countries; Richest Person In Kenya And Top 10 Wealthy Kenyans; Turkey is to completely erase all Somalia's debts to the IMF; 10 trending Kaftan outfit ideas for grooms-to-be; 5 highest paid African football players . Seyoum Mesfin - $1.8 Billion. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. Ermias Amelga was born in Addis Ababa but would move to Egypt and later to Kenya but would be returned to Addis Ababa to study secondary school and university. The company has been operating in Ethiopia for over 60 years now and is respected throughout for their competence. He was 57. Estimated net worth: $4 billion. 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. Copyright 2023 allaboutETHIO.com All Rights Reserved. Let us now get into the list of the 20 richest rappers in the world as of 2022 with their net worth details. Who is the richest man in Ethiopia in 2022? Recently, Akiko, along with the Italian Enel Green Power, was 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.