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 supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. 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. According to research conducted by Billionaires.Africa, here is a list of some of these wealthy people. She controls over 50% of the khat market in Ethiopia and is also a leader in global sales of the product. It ranks fourth for private wealth held by individuals. 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. 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. After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses in Ethiopia. 9. Samuel Tafesse - $1.6 Billion. 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. in 1976, as a mere youth. 2. All in all, Belayneh Kindie, an Ethiopian billionaire and one of Ethiopia's richest, is a titan of business, with his successful enterprises ranging from hotels, import/export, transport, rental, manufacturing, agriculture, etc. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. Aside from founding Sunshine Investment Group, Tafesse has played a seminal role in developing Ethiopias construction sector. 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. 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. Bill Gates. He was raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. Over 80% of the people in Somaliland are avid chewers of khat, but due to the harsh climate in the region, the cultivation of khat is not possible, leaving them dependent on Ethiopian khat. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. 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. His net worth at present is $500 million. 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. Jimoh Ibrahim is a politician, lawyer, businessman, and philanthropist with a net worth of $1.1 billion. A tireless and true businessman, Al Amoudi would also venture into banking, agriculture, cement production, among a dozen other interests. We could have simply put together a list of New Jersey's wealthiest people, but NJBIZ . Since the company is facing competitors the business has decreased making enough profit like before. Through this substantial amount of funding, Co-op Bank is poised to provide much-needed support to micro, small, and medium enterprises (MSMEs) while simultaneously positioning the bank for future growth. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. 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. He's worth $4.5 billion and is the 638th richest person in the world. He is known for having built a multibillion-dollar business empire in Ethiopia over the 27 years that the group was in power. However, less than 3,400 are ultra-high net-worth individuals. A significant percentage of the countrys richest individuals are politicians. Samuel Tafesse is one of the most famous businessmen in Ethiopia. Its estimated population is 99,202 people, its 2021 GDP was USD 1.45 billion, and its GNI per capita was 29,800. Kwabena Duffuor Net Worth - $680 Million. The youngest person to feature in the list is a 23-year old Shashvat Nakrani who founded the . Who is the richest person in the world 2021? 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. 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. 3. He had a net worth of $3 billion, according to Celebrity Net Worth. Who is the first billionaire in Ethiopia? 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. Mukesh Ambani the chairman and largest shareholder of Reliance Industries, has been the richest Indian for 13 consecutive years. For some context, . 5. 2. Select Page. 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. 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. 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. 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. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. 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 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. Top 10 RICHEST People in Ethiopia 2021 | Rich and Famous TV Subscribe Here: https://bit.ly/3exoQBy. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. 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). Eyob Mamo left for the United States in 1981 as a young boy. 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. 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. He has been chairman of Ethiopian Airlines. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. He was also heavily involved in the US War on Terror, helping to eliminate military organisations such as Al Qaeda. booming construction industry in Ethiopia. As of December 2023, Tewodros Ashenafis net worth is $5 Million, per All Famous Birthday. Heading into 2022, the 10 wealthiest individuals in the world are all worth . With a degree in economics from Columbia University as well as an alumnus of the world renowned Harvard Business School, Tewodros well versed in the ways of international business would bring his knowledge to Ethiopia, after holding prominent positions in the west. (Reuters) Larry . Eyob Joe Mamo - $2.5 Billion. This land would be supplemented with an additional 1,500 hectares of land by the government of the Southern Nations, Nationalities and Peoples. 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. That is one reason he has made a lot of connections and made a lot of worth to the countrys economy. Samuel Tafesse embodies the rags to riches story, as he has grown his company to be one of the largest construction companies in Ethiopia. was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. 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. Sunshine has constructed 1,129.78 kilometers of road projects, as the company operates as a principal highway contractor to the government. Elon Musk, with a fortune of $266 billion, is the richest person on the planet. 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. Since its founding in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia. 2021 Power 100; 2020 Power 100; 2019 Power 100; 2018 Power 100; 2017 Power 100; Leads & Data Center. 3. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. 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. View profiles for each of the world's 500 richest people, see the biggest movers, and compare fortunes or track returns. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). As a khat street vendor, her profits were very small until she began to explore the business opportunities in the neighboring country of Somaliland. 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. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. The market value of Muriukis two-percent stake in Co-op Bank is now worth Ksh1.48 billion ($11.7 million). It has the power to change the world.. Let us now get into the list of the 20 richest rappers in the world as of 2022 with their net worth details. Ethiopia has only one billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals. He has enough influence inside the party because he is a veteran there. Many of these men and women have also achieved exceptional success and are deserving of being included in the list of the richest Ethiopians. It made her the top 10 richest people and the #1 richest woman in the world. 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. 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 . 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. 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. Ethiopia's First and Largest Blog Network. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. Source: Conglomerate Investment through EAH. coffee export, and coffee roasting and packing. Ethiopia is home to about 105 million people. It is also one of the world's fastest-growing economies. With an estimated fortune of $131bn (99bn) he is the . Top 20 Richest People In Pakistan and Their Net Worth 2022. 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. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. 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. Co-op Bank, which is one of the largest financial organizations in East Africa, is led by Muriuki, a multimillionaire banker and businessman, who holds a two-percent stake in the leading financial services group. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. Following the opening of its 22nd location in Hamburgs trendy St. Pauli District, the group is on course to control 500 global soleRebels branded retail stores and generate $1 billion in revenues by 2028. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. Eyob "Joe" Mamo. Most of the coffee produced here is exported and that made this agricultural company famous. Tekleberhan Ambaye (Eng) began his rise to greatness in 1993, registering his self-named TACON or Tekleberhan Ambaye Construction Plc., with an initial capital of 5,000 ETB or 185 USD. Elon Musk. 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. All Rights Reserved. 1960: Pete Seeger at Bowdoin College in Brunswick, Maine . 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. He is presently the Ethiopian ambassador to China. Stanbic Bank is the largest commercial bank in Uganda with assets more than UGX 5.4 trillion. However, his leadership came under serious attack, as he was accused of abusing a string of human rights issues and repressing the freedom of the press/speech. top 100 richest person in ethiopia 2021. by . Young Rich List wealth takes $11b hit after tech plunge. After 22 years away from his homeland, Ermias would return with his experience in Wall Street's stock exchange and start innovative businesses in Ethiopia. The shares from the company have made her present estimated worth of about $1.5 billion. Meles Zenawi is the former Prime Minister of Ethiopia. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. 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. began its explosive rise as one of Ethiopias largest business enterprises. The closest and most trusted friend of Meles and Azeb. 1. 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. Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. 2023 Billionaires.Africa. 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. Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. 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. Who is the richest company in Uganda? Jamel Toppin . 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. Africa is home to some of the wealthiest people in the world. This financing will aid Co-op Bank in strengthening its capital base, with Norfund participating in the financing through a direct credit line of $16 million and an additional $3.4 million through European Financing Partners. Seyoum Mesfin - $1.8 Billion. Who is the richest person in Uganda 2021? Shimao. 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. 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. Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. 9. Eskinder's obsession with quality has changed the way several construction companies operate in Ethiopia. In Ethiopia, Eskinder hasconsultedand managed various huge road and bridge projects that are a source of pride for Ethiopians. 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. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. 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. He has amassed hundreds of millions of dollars through his political affiliations and his business dealings through TPLF. Berhane Gebrekristos - $2 Billion. 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. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. Seeing this unfortunate management crisis, Suhura returned to the helm of the business. Kenya - $269.29 billion. 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! wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. The Weeknd - $200 Million. 100+ Richest People In The World [RANKED] Net Worth & Eanrings Background & Bio's How They Made Their Fortunes Top Billionaires Fun Facts Pics More . 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. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. Ashenafi is a co-owner of Ambo Mineral Water, the best-selling naturally-carbonated bottled mineral water in Ethiopia, and the beverage giant SABMiller. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. Ethiopia is home to over 122 million people, per Worldometer. 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. As a major shareholder of Tsehay Industry and Tsehay Insurance Share Company, Belayneh would have vast control in Ethiopia's manufacture of LTZ, sheet metal, etc.