In 2011, her group recorded sales of between 30 and 40 tonnes of khat per day. 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). Top 20 Richest People In Pakistan and Their Net Worth 2022. 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. What is the richest country in Africa? Wealth Milestones. He was listed on Forbes as the 67th richest man in Africa and the 183rd in the world. Africa covers a land mass of over 3 million square kilometres (11.7 square miles), which includes independent island states.. Africa is separated from Europe by the Mediterranean Sea and joined with Asia by the Isthmus of Suez. Berhane Gebrekristos present estimation of net worth is about $2 billion but his real worth previously was even more than this. 2023 Billionaires.Africa. One of the factors contributing to . Belayneh Kindie: Belayneh Kindie started his business, Belayneh Kindie Import and Export (BKIE), in 2005 with a startup capital of just 111,000 USD or 3,000,000 ETB. The Kenyan banking firm, which has 109 branches in Kenya, Uganda, Tanzania, Rwanda, and the Ivory Coast, was formed in 2019 by the merger of NIC Bank Group and Commercial Bank of Africa Group. June 6, 2022 . Shimao. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. 1. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. 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. 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. Michael Prince for Forbes. It ranks fourth for private wealth held by individuals. Heading into 2022, the 10 wealthiest individuals in the world are all worth . . This business guru holds a net worth of $12.5 Billion. In 2010, she retired from the group, leaving her empire to be managed by her sons. Expanding legalization has driven an increase in bets on football's big game, with wagers more than doubling from 2021 to 2022. 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. 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. 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. on. 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. 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. The enterprising Eyob buys his gas from refiners and then sells it to the operators of the stations he owns. Estimated net worth: $10 billion. This includes the landmark Marriott Executive Apartments in Addis Ababa. Meles Zenawi - $3 Billion. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. He is the leading name behind Nejat International which is involved in supplying high-grade coffee to other countries around the world. richest nigerian in houston. 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. The top 10 richest people on the planet have a combined net worth of $1.4 trillion. 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. Source: Oil & Gas, Real Estate and Technology. $180 Billion. 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. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. | Website by ethioSEO | Terms of Use | Privacy Policy | Disclosure | Cookies Policy. 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. Eyob "Joe" Mamo. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. 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:Oil & Gas, Real Estate and Technology. Net Worth: $6.6 billion. Jeff Bezos (Net worth: $195.6 billion as of 6th of December 2021) From running a simple e-commerce website in his garage in 1994, to becoming the one of the world's richest billionaires in 2021 . $113 . 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. It spans . $288.56 billion (PPP, 2021 est.) Follow us too! Beginning with only the import of items to satisfy the local demand, Omer would in 1995 expand to engage deeply within the coffee business. 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. (Sponsored Content) Published. Xu Rongmao & family. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. Sergey Brin. The . 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. Here is a list of the billionaires and millionaires in Ethiopia in 2023. 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. Sebhat Nega - $2 Billion. financial services group prepares to launch. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. 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. Furthermore, a deal with Globelq to create a solar park with 100MW is being negotiated. 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. 3. By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. Who are the richest celebrities in Ethiopia in 2023? 1. Nega was one of the most powerful men 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. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. From Nigeria, he is the founder and . 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). 2. 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. 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. 15. 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. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. They're worth a collective $12.7 trillion $400 billion less than in 2021, it says. It is also one of the world's fastest-growing economies. Liya Kebede . Ethiopia - $298.57 billion. Ronald Karauri, who made the announcement, revealed that Pevans is facing a staggering Ksh14.3 billion ($114.7 million) in negative equity. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. . The closest and most trusted friend of Meles and Azeb. The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group) and Preem (his most valuable asset) through the wholly-owned Petroswede AB. Stanbic Bank is the largest commercial bank in Uganda with assets more than UGX 5.4 trillion. In Ethiopia, Eskinder hasconsultedand managed various huge road and bridge projects that are a source of pride for Ethiopians. He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. It has the power to change the world.. Although no longer living, Mohammed Ture's company is run by 6 members of the Ture family. Free shipping for many products! Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. 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. list of the billionaires and millionaires in Ethiopia. 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. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, . His net worth at present is $500 million. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. As of December 2023, Tewodros Ashenafis net worth is $5 Million, per All Famous Birthday. Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. 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. Ketema Kebede created the self-named KK Plc. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . 2. Mohammed Al Amoudi - $8.3 Billion. He would start the ardous climb to success by working various jobs, sometimes three at a time. 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. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. Below is a list of the top 20 richest Ethiopians in 2022. She is the Widow of the late Prime Minister Meles Zenawi, she has ownership interests in many of the biggest companies in Ethiopia. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. 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. wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. According to research conducted by Billionaires.Africa. iwi masada aftermarket parts. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. Samuel Tafesse - $1.6 Billion. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . 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. Who is the richest person in Uganda 2021? Algeria . 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. Nigeria - $1.14 trillion. He has enough influence inside the party because he is a veteran there. 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. Mohammed AL Amoudi is one of the richest people in Ethiopia, as a matter of fact, Mohammed AL Amoudi was named the richest and the most extremely wealthy person in Ethiopia. Africa's billionaires saw their wealth increase significantly in 2021, similar to the previous year, despite the long-term effects of the Covid-19 pandemic on business activities and the operations of companies and financial assets controlled by these ultra-wealthy individuals during the year. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. 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. 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 . 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. By 2011, Eyob's company was valued at about 788,000,000 USD or 21,000,000,000 ETB. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. Jamel Toppin . The 10 Richest Individuals in Ethiopia ===== Even though Ethiopia is classified as one of the developing countries in the world. Kanye West. 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. In 2021, the respective headliners were Kendrick Lamar, Tyler, the . Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials, and maximum comfort. What is the net worth of Ethiopia? 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. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. 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. 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. By2016, Tewodros would play a vital role in one of Africa's largest private sector business transactions. He was 57. He had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. 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. 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. The following are Ethiopia's top 20 companies and tax payers for the budget year ending in July 2020: (the amounts are approximate). Top 10 Richest People In New Zealand and Their Net Worth 2022. He is presently the Ethiopian ambassador to China. Muriuki holds a two-percent stake in the leading financial services group. 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. He's worth $4.5 billion and is the 638th richest person in the world. 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. Who is the richest man in Ethiopia in 2022? This includes the landmark Marriott Executive Apartments in Addis Ababa. Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit in 2022. With an estimated fortune of $131bn (99bn) he is the . He was also a member of the committee for the Endowment Fund For Relief Of Tigray. She is the widow of the late dictator Meles. 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. Ethiopia has a great environment for coffee cultivation. Being the eldest sibling, Samuel took a job as a parking attendant at the Addis Ababa Stadium, where he would use the opportunity to sell soft drinks, chewing gum, and cigarettes. In 2010, she retired from the group, leaving her empire to be managed by her sons. Since then, it has grown from a single bus in 2004 to a multimillion-dollar valuation as of press time. 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. 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. 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. 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. The California based technology entrepreneur is the Board member and co-founder of . Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. The company has been operating in Ethiopia for over 60 years now and is respected throughout for their competence. 2. Who is a successful entrepreneur in Ethiopia? 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. This was the beginning of his journey to financial success. The company has more than 3,000 employees. 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 . The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group), and Preem (his most valuable asset) through the wholly-owned Petroswede AB. China. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. 1 / 63. Up next with a net worth of $680 million is Kwabena Duffuor. He was also the chairman of the Tigrayan Peoples Liberation Front (TPLF) and the head of the Ethiopian Peoples Revolutionary Democratic Front (EPRDF) during the eighties. 2021 Power 100; 2020 Power 100; 2019 Power 100; 2018 Power 100; 2017 Power 100; Leads & Data Center. There were a record 2,755 billionaires in Forbes' 2021 list of the world's wealthiest people660 more than a year ago. 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. Select Page. 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. Eskinders obsession with quality has changed the way several construction companies operate in Ethiopia. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. With subsidiaries such as Kingdom Securities Limited, Co-op Trust Investment Services Limited, Co-operative Consultancy & Insurance Agency Limited, Kingdom Bank Limited, and the Co-operative Bank of South Sudan, Co-op Bank serves as the primary banker for Kenyas SACCOs. He has also invested in various sectors of business that have made the work simpler for him to gain profits. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. 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. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. 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. 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. 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.