Here is a list of the billionaires and millionaires in Ethiopia in 2023. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest . According to research conducted by Billionaires.Africa. NCBA Group, a Nairobi-based financial services conglomerate led by the wealthy Kenyatta, Merali, and Ndegwa families, operates as a non-operating holding company through its vast network of subsidiaries in Tanzania, Rwanda, Uganda, and Cote dIvoire. Top 10 Richest People In New Zealand and Their Net Worth 2022. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in Ethiopia. Samuel Tafesse embodies the rags to riches story, as he has grown his company to be one of the largest construction companies in Ethiopia. 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. 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 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. Berhane Gebrekristos - $2 Billion. Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. 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 . Michael Prince for Forbes. 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. She has her own business and owns shares in various companies around Ethiopia. By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. 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. ALIKO DANGOTE - NW: $21.6 BILLION. was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. 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. 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 California based technology entrepreneur is the Board member and co-founder of . Since the company is facing competitors the business has decreased making enough profit like before. Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. 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 . Ethiopia's First and Largest Blog Network. Below is a list ofthe top 20 richest Ethiopians in 2023. 1. For some context, . 10. There were a record 2,755 billionaires in Forbes' 2021 list of the world's wealthiest people660 more than a year ago. Let us now get into the list of the 20 richest rappers in the world as of 2022 with their net worth details. Mohammed Al Amoudi - $8.3 Billion. 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. Nigeria - $514.05 billion. Top 10 Richest African Countries by Overall GDP (INT$ at PPP International Monetary Fund 2021) Egypt - $1.38 trillion. 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. 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. 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. 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. He was one of the closest to the dictator Meles and his wife Azeb Mesfin. He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. Eyob Joe Mamo - $2.5 Billion. Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit in 2022. Seyoum Mesfin - $1.8 Billion. 15 of the Richest Ethiopians and their Successful Companies in 2021-----. 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. It is also one of the world's fastest-growing economies. icle family law institute 2021; . 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. Read profiles and interviews, and see all the facts and figures for 2022 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. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. Bethlehem Tilahun Alemu is an Ethiopian businesswoman and founder and executive director of soleRebels, an international footwear company based in Addis Ababa. Free shipping for many products! Seyoum Mesfin - $1.8 Billion. Angola - $217.97 billion. Fv 27, 2023 . top 100 richest person in ethiopia 2021. by . Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. Ermias Amelga was born in Addis Ababa but would move to Egypt and later to Kenya but would be returned to Addis Ababa to study secondary school and university. 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. One of the factors contributing to . 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. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Furthermore, Akiko's OBG also engages in construction machinery rental, spas, gyms, and logistical works. His company, the Dangote group started as a small trading firm in 1977. 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. 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. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. 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 . Jimoh Ibrahim - $1.1 billion. Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. By 1998, Omer's Nejat International had sales valuing at 198,000,000 ETB or 7,400,000 USD and owned the largest warehouse in Ethiopia with all the latest machineries. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. 1. Who is the richest man in Ethiopia in 2022? Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. Berhane Gebrekristos present estimation of net worth is about $2 billion but his real worth previously was even more than this. 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. Bill Gates. The Weeknd - $200 Million. 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. Jeff Bezos (Net worth: $195.6 billion as of 6th of December 2021) From running a simple e-commerce website in his garage in 1994, to becoming the one of the world's richest billionaires in 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. His net worth at present is $500 million. After the death of her husband - Julia Flesher Koch inherited about a 42% stake in his company . The 10 Richest Individuals in Ethiopia ===== Even though Ethiopia is classified as one of the developing countries in the world. began its explosive rise as one of Ethiopia's largest business enterprises. Meles Zenawi wasan Ethiopian politician and businessman born on May 9, 1955, but died on Aug 20, 2012, at age of 57 years old. What is the richest country in Africa? Not only one of Ethiopia's richest and a billionaire, but Samuel is also a role model representing what hard work and honesty can bring into one's life. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. His net worth climbed to $16 billion in 2021, according to Forbes, up from $12.1 billion in 2020 . His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization or ISO. According to Wikipedia, he began his career at Ghana Commercial Bank in 1969. Who is a successful entrepreneur in Ethiopia? 9.