Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. (Reuters) Larry . He has also launched other businesses and philanthropic entities under Sunshine Investment Group. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. 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. However, less than 3,400 are ultra-high-net-worth individuals. Top 10 Wealthiest/Richest People In Ethiopia In 2023. was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. He would leave the farm and become a school teacher and a political activist. 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. 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. One of the factors contributing to . That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. 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. The California based technology entrepreneur is the Board member and co-founder of . His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization ISO. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. He was also a member of the committee for the Endowment Fund For Relief Of Tigray. According to data tracked by Billionaires.Africa, the Kenyan businessmans stake in NCBA has lost Ksh219.82 million ($2.39 million) in market value since the beginning of the year, owing to renewed selling pressure on the local bourse. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. 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 . Tewodros Ashenafi born in 1969 is a highly educated and enterprising individual that has brought significant changes in the Ethiopia's energy sector. She has her own business and owns shares in various companies around Ethiopia. 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 . With an estimated fortune of $131bn (99bn) he is the . What is the net worth of Ethiopia? There were a record 2,755 billionaires in Forbes' 2021 list of the world's wealthiest people660 more than a year ago. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. 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. 9. 2. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. 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. Buzayehu T. Bizenu is the founder of East African Holding Share Company (EAH S.C.), a huge conglomerate of companies operating in almost all the large business sectors of Ethiopia. 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. Even though Ethiopia is classified as one of the developing countries in the world there are still rich people who are living and enjoying life as the Westerners do. 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. Nigeria has the highest GDP, but Seychelles has the highest GNI per person. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. 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. 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. A significant percentage of the countrys richest individuals are politicians. Egypt - $394.28 billion. Samuel Tafesse's company now engages in large-scale road and bridge projects, large scale real estate developments, the building of residential properties, hotel and commercial building construction. now scroll down to watch cat videos, Thank me later! Since its founding in 2005, the company has grown into one of the countrys largest exporters of sesame seeds and a leading Ethiopian agricultural commodities trader. How does your net worth compare to the fortunes of the wealthiest people in the United States? . Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. In 2009, Belayneh's assets rose astronomically with his 134,000,000 ETB or 5,000,000 USD acquisitions of the famous Ethiopia Hotel (Addis Ababa) and the popular Ras Hotel (Adama/Nazreth). The company today employs over 2,500 people with a dozen projects with contract values in the range of 5,000,000,000 ETB or 186,000,000 USD. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. : 1, 3 In their 2017 list that ranked Canada's top 100 richest people, Toronto-based Rob McEwen of McEwen Mining, . Jeff Bezos of Amazon, the richest one of the world from the US has a net worth of US$ 140 bn. 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. Alemu founded soleRebels as a way to blend her Ethiopian communitys creative artisan talents with the traditional barabasso (Ethiopian recycled tire) shoe. Ethiopia has a great environment for coffee cultivation. 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 . Eric Lefkofsky: He's the founder of Groupon. As of Jan 2023, India has 166 billionaires which put the country third in the world, after the United States and China. top 100 richest person in ethiopia 2021. by . Mamo is the CEO of the D.C.-based group. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. Mohammed Al Amoudi - $8.3 Billion. 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. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. Now, let's take a look at the top 10 in more detail. He would start the ardous climb to success by working various jobs, sometimes three at a time. 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. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. He chose Minneapolis, a city in the northern part of the state of Minnesota to settle in. Below is a list of the top 20 richest Ethiopians in 2022. 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. He had a net worth of around 12 billion U.S. dollars and ranked 144th worldwide. 3. It spans . The billionaire owns Svenska Petroleum, Midroc Europe (a construction and property group) and Preem (his most valuable asset) through the wholly-owned Petroswede AB. . As of December 2023, Tewodros Ashenafis net worth is $5 Million, per All Famous Birthday. Ethio Telecom 21.6 billion Ethiopian Birr (585 million USD) Ethio Telecom, formerly known as the Ethiopian Telecommunications Corporation (ETC), is an Ethiopian telecom company serving as the foremost internet . Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. 91. Berhane Gebrekristos present estimation of net worth is about $2 billion but his real worth previously was even more than this. Kwabena Duffuor Net Worth - $680 Million. 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. 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. 3. $127 Billion. Throughout the years, the company has delivered over 2,800 housing units with more on the way. 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. This billion-dollar deal is Ethiopias largest-ever privatization agreement. 3. The IIFL Wealth Hurun India Rich List has revealed the top 100 wealthiest people in the country. Angola - $217.97 billion. 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. However, she returned to manage her business after the group incurred losses of up to 1 million within a short period. As many as five Africans feature in the Bloomberg Billionaires Index 2021 of the world's 500 wealthiest people. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. 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. richest nigerian in houston. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. Ronald Karauri, who made the announcement, revealed that Pevans is facing a staggering Ksh14.3 billion ($114.7 million) in negative equity. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. Tekleberhan Ambaye is an industry leader and one of Ethiopia's richest men. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. June 6, 2022 . 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.