The California based technology entrepreneur is the Board member and co-founder of . In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. Eskinders obsession with quality has changed the way several construction companies operate in Ethiopia. What is the biggest company in Uganda? - 2023 10. wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. 3. 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. Norway Rich List: Meet the Wealthiest Norwegians in 2021 June 2022: Top 5 richest people in Africa and their net worth according top 100 richest person in ethiopia 2021 - s55493.gridserver.com 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. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. Ketema Kebede created the self named KK Plc. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. Top 10 RICHEST People in Ethiopia 2021 | Rich and Famous TV Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest . 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. 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. Kanye West has made it to the top of the list this year by beating Jay-Z. For various reasons, such as political, economic, etc., Ethiopians are spread out as Diaspora all over the globe. Meles Zenawi wasan Ethiopian politician and businessman born on May 9, 1955, but died on Aug 20, 2012, at age of 57 years old. August 24, 2021. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. 91. 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. In 2011, her group recorded sales of between 30 and 40 tonnes of khat per day. Ethiopian Reporter Job Vacancy 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. 1. The IIFL Wealth Hurun India Rich List has revealed the top 100 wealthiest people in the country. 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. 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. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. now scroll down to watch cat videos, Thank me later! Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. on. Richest people in Africa 2022 | Statista We could have simply put together a list of New Jersey's wealthiest people, but NJBIZ . Estimated net worth: $4 billion. Primarily engaged in the export of oil seeds and other similar products, BKIE rose to become the Ethiopia's largest exporters of sesame seeds by 2010. Up next with a net worth of $680 million is Kwabena Duffuor. top 100 richest person in ethiopia 2021 Top 10 Richest Men in the World in 2021 | Al Bawaba The data and graphics were last updated on November 8th, 2021. 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. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Ermias Amelga was born in Addis Ababa but would move to Egypt and later to Kenya but would return to Addis Ababa to study secondary school and university. In Illinois, the richest person remains Ken Griffin, the founder of Chicago hedge fund Citadel. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. According to research conducted by Billionaires.Africa. 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. 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. list of the billionaires and millionaires in Ethiopia. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. 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. 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. He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. Top 10 Richest Person in Ethiopia 2022 | KB - YouTube Following the line of work her parents were in, Suhura upon growing older began her own small business khat dealership. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. Deforestation to blame for reduction in rainfall across tropics: study It is also one of the world's fastest-growing economies. $127 Billion. Net Worth: $6.6 billion. Ethiopia is home to over 122 million people, per Worldometer. Read profiles and interviews, and see all the facts and figures for 2022 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. Abay Tsehaye - $1.5 Billion. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. BBC Africa. 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. 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. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. richest nigerian in houston. He is still one of the most influential people in the whole of Ethiopia today. Ranked: The Top 10 Richest People on the Planet - Visual Capitalist 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. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopias richest a billionaire. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. Richest African Countries by GDP. 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. 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 . In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. 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. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. His net worth at present is $500 million. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. . That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. 2. financial services group prepares to launch. Jamel Toppin . Mohammed Al Amoudi - $8.3 Billion. 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. It spans . Patrick T. Fallon/Bloomberg. All Rights Reserved. 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. 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. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. Egypt - $394.28 billion. By2016, Tewodros would play a vital role in one of Africa's largest private sector business transactions. 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. 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. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. Top 20 richest countries in Africa in 2023: rated by GDP Advertisement. Although no longer living, Mohammed Ture's company is run by 6 members of the Ture family. Furthermore, a deal with Globelq to create a solar park with 100MW is being negotiated. Brian Shuel // Getty Images. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. 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. Seyoum Mesfin - $1.8 Billion. Top 100 richest people in the world: Some interesting facts He is extremely influential in the country. Here's how American families, from the poorest to the richest, spend their money +16 16 great furniture designers of the last century inspiring today's design trends 6. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . Ethiopian Millionaires/Billionaires: List of the Richest People In Who is the second richest person in Ethiopia. Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. 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. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. 21 Most Beautiful African Women in the World - pinkvilla.com 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. 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. Top 20 Richest Rappers in the World 2022 (Updated List) Eyob Joe Mamo - $2.5 Billion. Top 20 Richest People In Pakistan and Their Net Worth 2022. 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. In 2021, the respective headliners were Kendrick Lamar, Tyler, the . Its estimated population is 99,202 people, its 2021 GDP was USD 1.45 billion, and its GNI per capita was 29,800. After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses in Ethiopia. Before becoming the prime minister of his native country, Zenawi was the president of Ethiopia in the nineties (from 1991 to 1995). Source:Conglomerate Investment through EAH. Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. Who is the richest company in Uganda? 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. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia and Ethiopia. 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. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. Is Mansa Musa the richest man who ever lived? - BBC News Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization or ISO. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. He is the leading name behind Nejat International which is involved in supplying high-grade coffee to other countries around the world. His sibling Naguib . 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. 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. 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. 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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. Tenth in the list of richest persons in 2022 is Sergey Brin with his $91.4 billion net worth. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . 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. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. Azeb Mesfin.