We could have simply put together a list of New Jersey's wealthiest people, but NJBIZ . began its explosive rise as one of Ethiopia's largest business enterprises. Seeing this unfortunate management crisis, Suhura returned to the helm of the business. The highest and the lowest net worth. After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses in Ethiopia. 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. 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. 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. 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 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. The enterprising Eyob buys his gas from refiners and then sells it to the operators of the stations he owns. Meles Zenawi - $3 Billion. China. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. Wealth Milestones. 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. Top 10 RICHEST People in Ethiopia 2021 | Rich and Famous TV Subscribe Here: https://bit.ly/3exoQBy. Algeria . 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. Source:Conglomerate Investment through EAH. 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. 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. However, she returned to manage her business after the group incurred losses of up to 1 million within a short period. The bank first operated in Uganda as the National Bank of India in 1906. 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). 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. 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. Here's whose net worth grew the most. 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. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. 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. Now that you know what's the richest country in Africa, you can invest in them to grow your wealth and improve their GDP. Seyoum Mesfin - $1.8 Billion. $113 . The shares from the company have made her present estimated worth of about $1.5 billion. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. 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. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. 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. She controls over 50% of the khat market in Ethiopia and is also a leader in global sales of the product. He is extremely influential in the country. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . The company has been operating in Ethiopia for over 60 years now and is respected throughout for their competence. 2. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. 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. With annual revenue of more than $100 million, Ethio Biography places his net worth at $1.6 billion. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. 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. $180 Billion. Mamo is the CEO of the D.C.-based group. 1 / 63. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. 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. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. It ranks fourth for private wealth held by individuals. Samuel Tafesse is one of the most famous businessmen in Ethiopia. He was a part of the diplomatic works that were used by the dictator for money laundering. 1. financial services group prepares to launch. By. He lives in Chicago. The four-bedroom, double-story house in Gigiri is being sold through Garam Auctioneers, a well-established Kenyan auction house with more than 28 years of experience in the retail industry. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . Meles Zenawi is the former Prime Minister of Ethiopia. During the period when Pevans East Africa operated the SportPesa brand, Ndungu, a reclusive business leader who is a significant shareholder and non-executive director of Life Care Medics, received Ksh1.3 billion ($11.1 million) from the company until it ceased operations in June 2019. Sebhat Nega - $2 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. Berhane Gebrekristos - $2 Billion. It has the power to change the world.. Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released this week. 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. 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. Despiterankingonly 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. 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. Ethiopian Rich List: Wealthiest Persons In Ethiopia: Mohammed Al Amoudi - $8.45 Billion. The company has more than 3,000 employees. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. Top 10 Wealthiest/Richest People In Ethiopia In 2023. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. Ethiopia is home to about 105 million people. Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. As of June 2022, Nassef Sawiris, with a net worth of 7.3 billion U.S. dollars, is the richest man in Egypt, fourth richest in the African continent, and ranked 292 in the world. 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. By 2006, Belayneh entered the transport business by establishing the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks. Africa is home to some of the wealthiest people in the world. He was previously a member of the politburo of TPLF and was close to the dictator. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. 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 Ethiopian men and women who have spearheaded the country's phenomenal growth stem from various backgrounds, ethnicities, and religions. 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. Ketema Kebede created the self-named KK Plc. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials, and maximum comfort. 7. 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. began its explosive rise as one of Ethiopias largest business enterprises. Many of these men and women have also achieved exceptional success and are deserving of being included in the list of the richest Ethiopians. 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. Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. 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. 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. Top 10 Richest Men In Uganda 2021 Date of birth: 24th February 1967. His sibling Naguib . 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. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. 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. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. richest nigerian in houston. 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. Samuel Tafesse embodies the rags to riches story, as he has grown his company to be one of the largest construction companies in Ethiopia. Nigeria has the highest GDP, but Seychelles has the highest GNI per person. Furthermore, Akikos OBG also engages in construction machinery rental, spas, gyms, and logistical work. . | Website by ethioSEO | Terms of Use | Privacy Policy | Disclosure | Cookies Policy. 91. 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. The California based technology entrepreneur is the Board member and co-founder of . 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. 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. How does your net worth compare to the fortunes of the wealthiest people in the United States? Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. He is the leading name behind Nejat International which is involved in supplying high-grade coffee to other countries around the world. list of the billionaires and millionaires in Ethiopia. Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. Berhane Gebrekiristos. Ethiopia's First and Largest Blog Network. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. He was raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. 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. Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. It spans . 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. 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. 1. 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. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. 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. Who is the richest company in Uganda? Algeria - $532.57 billion. 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. By comparison, Elon Musk, at over $304 billion, still has a little ways to go just yet. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. South Africa - $861.93 billion. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. 15 of the Richest Ethiopians and their Successful Companies in 2021-----. Tekleberhan Ambaye is an industry leader and one of Ethiopia's richest men. Andrew Ndegwa, a Kenyan businessman and executive director of First Chartered Securities Limited, owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. Following a brain tumor operation in Brussels, Zenawi died from contracting an infection in August 2012. Free shipping for many products! Jeff Bezos of Amazon, the richest one of the world from the US has a net worth of US$ 140 bn. 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. Celebrity Net Worth estimates Al-Amoudis net worth to be around $8.3 billion whereas Bloomberg places his net worth at $5.46 billion. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Let us now get into the list of the 20 richest rappers in the world as of 2022 with their net worth details. The following are Ethiopia's top 20 companies and tax payers for the budget year ending in July 2020: (the amounts are approximate). 2. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. Source:Oil & Gas, Real Estate and Technology. Tewodros Ashenafi born in 1969 is a highly educated and enterprising individual that has brought significant changes in the Ethiopia's energy sector. 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. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. Who are the richest celebrities in Ethiopia in 2023? Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. Eskinder's obsession with quality has changed the way several construction companies operate in Ethiopia. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. 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. He is presently the Ethiopian ambassador to China. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. Richest African Countries by GDP. 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. 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 . 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.