Now, let's take a look at the top 10 in more detail. 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. 7. He has also invested in various sectors of business that have made the work simpler for him to gain profits. Samuel Tafesse embodies the rags to riches story, as he has grown his company to be one of the largest construction companies in Ethiopia. Heading into 2022, the 10 wealthiest individuals in the world are all worth . began its explosive rise as one of Ethiopia's largest business enterprises. began its explosive rise as one of Ethiopias largest business enterprises. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets, and like products. Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. 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. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. Let us now get into the list of the 20 richest rappers in the world as of 2022 with their net worth details. Seeing this unfortunate management crisis, Suhura returned to the helm of the business. By comparison, Elon Musk, at over $304 billion, still has a little ways to go just yet. 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. China. Mohammed Al Amoudi - $8.3 Billion. Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. 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 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 . Following a brain tumor operation in Brussels, Zenawi died from contracting an infection in August 2012. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. In 2021, the respective headliners were Kendrick Lamar, Tyler, the . He was previously a member of the politburo of TPLF and was close to the dictator. Before becoming the prime minister of his native country, Zenawi was the president of Ethiopia in the nineties (from 1991 to 1995). This includes the landmark Marriott Executive Apartments in Addis Ababa. Africa is home to some of the wealthiest people in the world. The shares from the company have made her present estimated worth of about $1.5 billion. 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. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. Azeb Mesfin - $4 Billion. Here's whose net worth grew the most. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. Africa is the second largest continent in the world in terms of land area and population. Shimao. (Sponsored Content) Published. 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. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. Eyob Mamo left for the United States in 1981 as a young boy. 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. 6. 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. If we simply consider a nation's gross domestic productthe sum of all goods and services produced by a country during one yearthen we would have to conclude that the richest nations are exactly the ones with the largest GDP: United States, China, Japan, Germany. 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. 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. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. 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 At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. 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. Algeria . He was close to Meles but was later kicked out of both organisations. 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. 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. 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. 1. 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. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. 91. 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. 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. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. $288.56 billion (PPP, 2021 est.) Nigeria - $1.14 trillion. Source:Oil & Gas, Real Estate and Technology. 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. 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. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. The 10 Richest Individuals in Ethiopia ===== Even though Ethiopia is classified as one of the developing countries in the world. 2. Jimoh Ibrahim - $1.1 billion. He had a net worth of $3 billion, according to Celebrity Net Worth. 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. 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 privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. Tewodros Ashenafi born in 1969 is a highly educated and enterprising individual that has brought significant changes in the Ethiopia's energy sector. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. 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. Ethiopia - $298.57 billion. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. He is still one of the most influential people in the whole of Ethiopia today. Ketema Kebede created the self-named KK Plc. View profiles for each of the world's 500 richest people, see the biggest movers, and compare fortunes or track returns. Berhane Gebrekristos - $2 Billion. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. One of the factors contributing to . He is the richest drug lord in Africa with a long criminal history of selling illegal drugs. 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. It is also one of the world's fastest-growing economies. Below is a list of the top 20 richest Ethiopians in 2022. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopias richest a billionaire. All this and more, has made Omer Ali Shifaw one of Ethiopia's richest men and a self-made one at that. Nigeria is the richest and most populous country in Africa. Both men have watched their wealth increase by NOK 6.5 billion kroner since last year. 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. 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. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. Ethiopians are known to be hard workers and passionate about their chosen endeavors. He would start the ardous climb to success by working various jobs, sometimes three at a time. 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. With an estimated fortune of $131bn (99bn) he is the . By 2006, Belayneh entered the transport business by establishing the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. The dictator himself looted a huge amount of money in the name of taxes from the common people and before the government was formed, he helped them in the loot of money. 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. $113 . 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 . 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. 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. 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. The company has been operating in Ethiopia for over 60 years now and is respected throughout for their competence. Who is the second richest person in Ethiopia. Rich List 2022 is our definitive guide to the wealth of the UK's richest people. 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. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. A significant percentage of the countrys richest individuals are politicians. booming construction industry in Ethiopia. Up next with a net worth of $680 million is Kwabena Duffuor. 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. 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 would leave the farm and become a school teacher and a political activist. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. It ranks fourth for private wealth held by individuals. was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. Below is a list ofthe top 20 richest Ethiopians in 2023. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. 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. 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 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. 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 10 Wealthiest/Richest People In Ethiopia In 2023. 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. Berhane Gebrekristos - $2 Billion. 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). Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. 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. Ndungu is a prominent Kenyan businessman and shareholder in Pevans East Africa. Ronald Karauri, who made the announcement, revealed that Pevans is facing a staggering Ksh14.3 billion ($114.7 million) in negative equity. Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . Ethiopia-born billionaire Mohammed Al-Amoudi is Ethiopias richest man with a $6.96-billion net worth. It made her the top 10 richest people and the #1 richest woman in the world. 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. 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.