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 He is the richest drug lord in Africa with a long criminal history of selling illegal drugs. Mohammed Al Amoudi, the son of a Saudi father and an Ethiopian mother is Ethiopias richest businessman. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. 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 Hussein Ali Al Amoudi is an Ethiopian-Saudi billionaire businessman, who owns and controls many big industrial assets in Sweden, Saudi Arabia, and Ethiopia.He was born in Ethiopia, in 1946, to a Saudi father and an Ethiopian mother. 3. 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. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopias richest a billionaire. He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. The market value of Muriukis two-percent stake in Co-op Bank is now worth Ksh1.48 billion ($11.7 million). This includes the landmark Marriott Executive Apartments in Addis Ababa. Suhura Ismail Khan was born in the 1960's in the Somali region city of Jijiga in the eastern part of Ethiopia. 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. For various reasons, such as political, economic, etc., Ethiopians are spread out as Diaspora all over the globe. When thinking about the richest people in Ethiopia, the name Ali Al Amoudi will always come up in the minds of almost all Ethiopians. Young Rich List wealth takes $11b hit after tech plunge. Azeb Mesfin - $4 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. icle family law institute 2021; . By. Mohammed Al Amoudi - $8.3 Billion. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. 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. 1. 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. It is also one of the world's fastest-growing economies. 15. China. 3. Who is the richest person in the world 2021? 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. After the death of her husband - Julia Flesher Koch inherited about a 42% stake in his company . A billionaire in his own right, Tewodros Ashenafi, one of Ethiopia's richest, is without a doubt, a significant contributor to the current explosive growth of Ethiopia. : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, . His businesses produced 1.6% of total U.S. economic output. By comparison, Elon Musk, at over $304 billion, still has a little ways to go just yet. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. Below is a list of the top 20 richest Ethiopians in 2022. Who are the richest celebrities in Ethiopia in 2023? Nigeria is the richest and most populous country in Africa. From a dishwasher to security guard to a factory worker, Tashitaa would work and work and eventually begin his own transportation company in 2003, using his wife's van. 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. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. 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. He lives in Chicago. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. 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. August 24, 2021. 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). 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. 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. He was a part of the diplomatic works that were used by the dictator for money laundering. The result is uniquely original footwear driven by an ethos of ethical production, sustainable materials and maximum comfort. As of 31 December 2020, the banks assets were valued at Shs8. who is therichestperson in Ethiopia 2022. Who is the youngest millionaire in Ethiopia? What is the richest country in Africa? One of the factors contributing to . He is still one of the most influential people in the whole of Ethiopia today. In 2010, she retired from the group, leaving her empire to be managed by her sons. 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. Amazon founder Jeff Bezos is the richest man in the world, according to the 2019 Forbes billionaires' list released this week. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. 1. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia, and Ethiopia. 2023 Billionaires.Africa. 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. A true businessman 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. Despiterankingonly 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. He would leave the farm and become a school teacher and a political activist. This company would be supplemented with SouthWest Development which gives services to companies engaged in the oil and gas industry in Ethiopia. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. Even though Ethiopia is classified as one of the developing countries in the world there are still rich people who are are living and enjoying life like the . (Sponsored Content) Published. 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. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. 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. 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. Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. He chose Minneapolis, a city in the northern part of the state of Minnesota to settle in. The top 10 richest people on the planet have a combined net worth of $1.4 trillion. Mohammed Al Amoudi - $8.3 Billion. Gerelta Business Plc. 1 / 63. Tekleberhan Ambaye is an industry leader and one of Ethiopia's richest men. Mohammed Hussein Al Amoudi was born in Ethiopia in 1946 to a Hadhrami father and an Ethiopian mother. Its estimated population is 99,202 people, its 2021 GDP was USD 1.45 billion, and its GNI per capita was 29,800. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. 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. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). He's worth $4.3 billion and is the 665th richest person in the world. 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. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. began its explosive rise as one of Ethiopia's largest business enterprises. 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. 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. (Reuters) Larry . The company has more than 3,000 employees. Net Worth: $6.6 billion. Abay Tsehaye - $1.5 Billion. 2. 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. 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. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. 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. 1. $127 Billion. $180 Billion. Omer owns coffee clearing machines, coffee washing stations and plans to start up a coffee plantation. He was previously in the position of foreign affairs minister where he had a lot of power over trade. Ethiopia's First and Largest Blog Network. 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. The . 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. He would start the ardous climb to success by working various jobs, sometimes three at a time. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. 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. 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. Africa is home to some of the wealthiest people in the world. His company, the Dangote group started as a small trading firm in 1977. By 2011, Eyob's company was valued at about 788,000,000 USD or 21,000,000,000 ETB. Her bouncy curls and sharp facial features make her one of the most prominent entries on this list . February 6, 2023. 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. on. Estimated net worth: $4 billion. 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. 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. However, less than 3,400 are ultra-high net-worth individuals. Analysts expect the companys shares to recover in the medium to long term, as the leading financial services group prepares to launch operations in Ghana, Ethiopia, and the Democratic Republic of the Congo through partnerships led by its mobile phone banking service, M-Shwari. | Website by ethioSEO | Terms of Use | Privacy Policy | Disclosure | Cookies Policy. The company has more than 3,000 employees. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. As per the index, President Dangote Group, Aliko Dangote, has retained his position as the continent's wealthiest man for the eleventh year in a row with a net worth of $20.5 billion, up from $20.3 billion last month. Upon his release, finding his children all grown was difficult yet through hard work he would open up a company named after him (Omer Ali), but would in 1990 change the name to that of his daughters: Nejat International. 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. Amidst a legal dispute with fellow shareholders in Pevans East Africa, Ndungu and another shareholder, Asenath Wachera Maina, were removed from their positions in Pevans East Africa following a special resolution. Estimated net worth: $10 billion. Ethiopia is home to about 105 million people. 9. 10. Xu Rongmao & family. What is Mohammed Al Amoudis net worth? Source:Oil & Gas, Real Estate and Technology. Following the line of work her parents were in, Suhura upon growing older began her own small business khat dealership. Sebhat Nega - $2 Billion. Stanbic Bank is the largest commercial bank in Uganda with assets more than UGX 5.4 trillion. booming construction industry in Ethiopia. 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 . 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. 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. Brian Shuel // Getty Images. Ketema Kebede created the self named KK Plc. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. 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. 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. Today, Eyob also called Joe owns and runs the privately owned Capitol Petroleum Group which controls over 41 percent of gas stations in Washington D.C. 1. 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. 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. 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. 5. Samuel Tafesse embodies the rags to riches story, as he has grown his company to be one of the largest construction companies in Ethiopia. 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. 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. In 2011, her group recorded sales of between 30 and 40 tonnes of khat per day. Today, this company owns over a hundred. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. 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. 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. 6. In 2021, the respective headliners were Kendrick Lamar, Tyler, the . Select Page. Eyob "Joe" Mamo. New interactive and fun video sessions with influencers and celebrities every thursday on thedistin Youtube Channel every week and more now scroll down to watch cat videos, Thank me later! 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. Meles Zenawi wasan Ethiopian politician and businessman born on May 9, 1955, but died on Aug 20, 2012, at age of 57 years old. Muriuki holds a two-percent stake in the leading financial services group. 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. 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). Mohammed Hussein Al Amoudi Biography. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. what is the recommended ratio for lifeguard to swimmer Bill Gates. Mohammed Al Amoudi born in 1946 to an Ethiopian mother of Wollo Amhara descent and a Hadhrami Yemeni father is an Ethiopian and Saudi Arabian citizen. Richest African Countries by GDP. 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. Notably, Norfund revealed that a subordinated loan of $19.4 million was channeled through the European Financing Partners, a joint venture between the European Investment Bank (EIB) and several other European funds. Berhane Gebrekristos present estimation of net worth is about $2 billion but his real worth previously was even more than this. Eyob Mamo left for the United States in 1981 as a young boy. richest nigerian in houston. His primary businesses include cement, sugar and flour. Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. 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. Nov 21, 2022. He had a net worth of $3 billion, according to Celebrity Net Worth. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. He has made a lot of profit in this business in the past few years and his estimated worth at present is $1.8 billion. Copyright 2023 allaboutETHIO.com All Rights Reserved. Before becoming the prime minister of his native country, Zenawi was the president of Ethiopia in the nineties (from 1991 to 1995). Aliko Dangote: The first on the list is Aliko Dangote. With an estimated fortune of $131bn (99bn) he is the . List of wealthiest Canadians (Forbes, 2021) World rank Name Net worth (USD) Source of wealth 33: David Thomson & family: US$41.8 billion: Media 189: Joseph Tsai: . Although no longer living, Mohammed Tures company is run by 6 members of the Ture family. 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. Read profiles and interviews, and see all the facts and figures for 2022 June 6, 2022 . 8. 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. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. 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. Although no longer living, Mohammed Ture's company is run by 6 members of the Ture family. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. 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. Focusing on the Amhara region, Belayneh would invest a further 1,200,000,000 ETB or 45,000,000 USD for a 30 hectare plot of land to build an edible oil refinery plant. South Africa - $329.53 billion. Eskinder's obsession with quality has changed the way several construction companies operate in Ethiopia. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization or ISO. Top 10 RICHEST People in Ethiopia 2021 | Rich and Famous TV Subscribe Here: https://bit.ly/3exoQBy. In Ethiopia, Eskinder has consulted and managed various huge road and bridge projects that are a source of pride for Ethiopians. Forbes places Mohammed Al Amoudis fortune at $8.1 billion as of 2017. Ethiopia is home to over 122 million people, per Worldometer. 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . Abdul Samad Rabiu becomes Nigerias second-richest man, net worth surges above $7 billion, African billionaire heirs are making their mark in philanthropy, Billionaire mining mogul Patrice Motsepe acquires luxury wine farm in South Africa, Egyptian billionaire Naguib Sawiris Orascom Investment sells stake in TWA in $35-million deal, Mohammed Akoojees Imperial Logistics partners with UbiPharm to create Africas largest healthcare distribution network, Sam Darwishs IHS Towers to acquire tower assets in Brazil in $315-million deal, Egyptian billionaire Yasseen Mansour loses $2.56 million as Palm Hills shares slump by double digits. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. Thus the production of coffee is a perfect business that Omer Ali Shifaw set up there. Here's whose net worth grew the most. Eyob Joe Mamo - $2.5 Billion. Seeing this unfortunate management crisis, Suhura returned to the helm of the business. It made her the top 10 richest people and the #1 richest woman in the world. 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. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization ISO. coffee export, and coffee roasting and packing. He is extremely influential in the country. She controls over 50% of the khat market in Ethiopia and is also a leader in global sales of the product. This includes the landmark Marriott Executive Apartments in Addis Ababa. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. In Illinois, the richest person remains Ken Griffin, the founder of Chicago hedge fund Citadel. Eskinders obsession with quality has changed the way several construction companies operate in Ethiopia. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. Source: Oil & Gas, Real Estate and Technology. 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. 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 . Nigeria has the highest GDP, but Seychelles has the highest GNI per person. 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. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. The youngest person to feature in the list is a 23-year old Shashvat Nakrani who founded the . 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. As of March 2, 2023, 6:02 PM EST The Bloomberg Billionaires Index is a . Meles Zenawi is the former Prime Minister of Ethiopia. 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. The 10 Richest Individuals in Ethiopia ===== Even though Ethiopia is classified as one of the developing countries in the world. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. Up next with a net worth of $680 million is Kwabena Duffuor. Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. Having been enthralled with the little he had seen in the construction business, Samuel would borrow 10,000 ETB or 370 UDS to get a construction license in 1986. 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.