top 100 richest person in ethiopia 2021
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. South Africa - $861.93 billion. ALIKO DANGOTE - NW: $21.6 BILLION. $180 Billion. Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. 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. This includes the landmark Marriott Executive Apartments in Addis Ababa. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization ISO. 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. Norway Rich List: Meet the Wealthiest Norwegians in 2021 Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. 3. The 10 Richest Individuals in Ethiopia ===== Even though Ethiopia is classified as one of the developing countries in the world. 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. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. The 10 Richest People in the World 2021 - Forbes 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. Egypt: richest men 2022 | Statista 1. 1. Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. Top 20 Companies in Ethiopia (Highest Taxpayers) 2020 The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. China. February 6, 2023. 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. By. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. This includes the landmark Marriott Executive Apartments in Addis Ababa. Sebhat Nega - $2 Billion. 3. South Africa - $329.53 billion. 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. She is the Widow of the late Prime Minister Meles Zenawi, she has ownership interests in many of the biggest companies in Ethiopia. Omer owns coffee clearing machines, coffee washing stations and plans to start up a coffee plantation. 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. 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. Following the line of work her parents were in, Suhura upon growing older began her own small business khat dealership. By comparison, Elon Musk, at over $304 billion, still has a little ways to go just yet. The . financial services group prepares to launch. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . Bloomberg Billionaires Index Date of birth: 24th February 1967. The $161 million bump in his wealth figures can be attributed to the strong performance of his industrial assets in Ethiopia, Saudi Arabia, and Sweden, which continues to track the performance of publicly . Age: 55 years (as of 2023) Source of wealth: Investments in hospitality, insurance, transportation, oil, gas, and real estate. 3. Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 13 consecutive years. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. 9. However, she returned to manage her business after the group incurred losses of up to 1 million within a short period. Akikos deal with the EEP or Ethiopian Electric Power would make her the first Ethiopian to build a privately owned and operated a solar plant in the country. Tekleberhan Ambaye is an industry leader and one of Ethiopias richest men. Berhane Gebrekristos - $2 Billion. Richest people of Minnesota - Who are the richest people here He has enough influence inside the party because he is a veteran there. Ronald Karauri, who made the announcement, revealed that Pevans is facing a staggering Ksh14.3 billion ($114.7 million) in negative equity. His net worth at present is $500 million. Here's whose net worth grew the most. 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. 1. Today, this company owns over a hundred. Egypt - $394.28 billion. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. This business guru holds a net worth of $12.5 Billion. He's worth $4.5 billion and is the 638th richest person in the world. He is the leading name behind Nejat International which is involved in supplying high-grade coffee to other countries around the world. Top 10 Richest Person in Ethiopia 2022 | KB - YouTube list of the billionaires and millionaires in Ethiopia. The 10 Richest People in Ghana - Money Inc This was the beginning of his journey to financial success. . $92.413 billion (nominal, 2021 est.) The Richest Man In Ethiopia - 2022 Scout Africa Net Worth: $6.6 billion. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. Berhane Gebrekiristos. For various reasons, such as political, economic, etc., Ethiopians are spread out as Diaspora all over the globe. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets and like products. Free shipping for many products! The-CNN-Wire. A significant percentage of the countrys richest individuals are politicians. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. 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. His net worth climbed to $16 billion in 2021, according to Forbes, up from $12.1 billion in 2020 . He has been chairman of Ethiopian Airlines. Suhura Ismail Khan was born in the 1960's in the Somali region city of Jijiga in the eastern part of Ethiopia. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. 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. . Estimated net worth: $10 billion. The California based technology entrepreneur is the Board member and co-founder of . Eyob "Joe" Mamo. He is extremely influential in the country. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. He was 57. 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. 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. 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. 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. Sebhat Nega - $2 Billion. Kanye began his career in the music industry as a producer and he even used to write songs for a few famous and popular . 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. 2023 Billionaires.Africa. Mohammed Al Amoudi, the son of a Saudi father and an Ethiopian mother is Ethiopias richest businessman. Heading into 2022, the 10 wealthiest individuals in the world are all worth . Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. 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. Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. 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. 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 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. Mamo is the CEO of the D.C.-based group. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. . EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. Eyob Joe Mamo - $2.5 Billion. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. Select Page. Top 10 Wealthiest/Richest People In Ethiopia In 2023. Abay Tsehaye - $1.5 Billion. 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. Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. This billion-dollar deal is Ethiopias largest-ever privatization agreement. She controls over 50% of the khat market in Ethiopia and is also a leader in global sales of the product. Ranked: The Top 10 Richest People on the Planet - Visual Capitalist Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. 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. 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. 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. Here's What Iconic Concert Took Place the Year You Graduated High Ketema Kebede created the self-named KK Plc. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. August 24, 2021. The 10 richest people in Africa in 2022 - Billionaires.Africa 1. The following are Ethiopia's top 20 companies and tax payers for the budget year ending in July 2020: (the amounts are approximate). Jeff Bezos. Azeb Mesfin. 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! Ethiopia is home to over 122 million people, per Worldometer. The Weeknd - $200 Million. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. 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. Although no longer living, Mohammed Tures company is run by 6 members of the Ture family. Michael Prince for Forbes. Moreover, she was also elected as Miss ECOWAS in 2013, winning a cash prize of $6,000 US dollars. 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. Morocco - $302.77 billion. With an estimated fortune of $131bn (99bn) he is the . He was a part of the diplomatic works that were used by the dictator for money laundering. He's worth $4.3 billion and is the 665th richest person in the world. 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 . 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). top 100 richest person in ethiopia 2021 - s55493.gridserver.com 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. Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released this week. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). Top 20 Richest People In Pakistan and Their Net Worth 2022. As of December 2023, Tewodros Ashenafis net worth is $5 Million, per All Famous Birthday. 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). For some context, . Who is the second richest person in Ethiopia. Although no longer living, Mohammed Ture's company is run by 6 members of the Ture family. Its highest dividend payout was in 2016, with Ksh4.3 billion ($36.9 million) distributed to shareholders. He is the richest drug lord in Africa with a long criminal history of selling illegal drugs. The company has more than 3,000 employees. 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. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. 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 top 10 richest people on the planet have a combined net worth of $1.4 trillion. Scientology Volunteer Ministers: Helping One Person Can Change the 15. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. 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. 2. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. These are the richest people in Illinois, according to Forbes - Chicago Seyoum Mesfin - $1.8 Billion. Meles Zenawi is the former Prime Minister of Ethiopia. 1. Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. The list of richest Indians by net worth based on an annual assessment of wealth and assets compiled and published by Forbes magazine. Shimao. He had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. From Nigeria, he is the founder and . Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. 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