He would soon feel threatened by his political affiliations and move to the United States in 1992, as a refugee. 7. Considered the richest Kenyan, Daniel Moi (alongside his family) is declared with a net worth of $3 billion. The only way to escape being a third or second class citizen is by taking your skills or education to your ancestral lands. The emirate of Dubai is one of the richest places in the world with a large population of foreign nationals - including tens of thousands of expat Somalis, some wealthier and … Ethiopia's First and Largest Blog Network. Ryan was previously responsible for data modelling and analytics, as well as secondary research, on the CEOWORLD magazine Custom Research team. Unfortunately, his family's finances would force him to drop out after three years of higher learning, just short of receiving his degree. He is the chairman and managing director of Lulu Group International. Glusea brings to you the richest man in Namibia A few Namibians have built multi-million and billion dollar empires in industries as diverse as agriculture, food, construction, energy and distribution and earned multi-million dollar fortunes to boot. 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. What do you need for successful blended workforce strategy? CEOWORLD magazine > Top Stories > Stats Gate > Africa’s Billionaires: Richest People In Africa, 2020. 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. Expanding further by looking to the booming construction industry in Ethiopia, Belayneh acquired 10 dump trucks, 4 bulldozers, 3 excavators, 2 graders, 3 mixers and a crusher which he rents out. Net Worth(USD):- US$66.8 billion (June 2020) Date of Birth:- August 17, 1944 (age 75) … Daniel Moi. Ketema Kebede created the self named KK Plc. Top 10 Richest Men in Ghana 2021. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. 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. Daniel Moi is an icon in Kenya’s political history. MTN Uganda Limited. booming construction industry in Ethiopia. Aliko Dangote. By 2006, Belayneh entered the transport business by establishing the BKPT or Belayneh Kindie Private Transport, with six 40 ton carrying trucks. Tekleberhan Ambaye is an industry leader and one of Ethiopia's richest men. Eyob Mamo left for the United States in 1981 as a young boy. By. Now, without taking any more of your precious time, let us go through the top 10 list of the richest men in Ghana as of 2021. 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. A tireless and true businessman, Al Amoudi would also venture into banking, agriculture, cement production, among a dozen other interests. 10. Alice Walton, an heir to the Walmart fortune, is the richest woman, ranked No.9 at $54.4 billion. 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. 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. 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. coffee export, and coffee roasting and packing. South Africa is home to 8 billionaires in Africa, followed by Egypt (6 billionaires); Nigeria (4 billionaires); Morocco (2 billionaires); and Algeria, Angola, Eswatini (Swaziland), Tanzania, and Zimbabwe – 1 billionaire each. Through its explosive growth, KK Plc would be transformed into a corporate entity in 1992. A new entry to the list of richest women in America, MacKenzie Bezos, 49, had an estimated net worth of $36 billion after her divorce with Jeff Bezos — founder and CEO of Amazon, and the world’s richest man — was finalized in 2019. In addition to this, Tewodros would become the Chairman and CEO of SouthWest Energy, the first and only local oil and gas organization. Unsurprisingly, the United States tops the list of the world's most influential countries, according to the CEOWORLD magazine. The enterprising Eyob buys his gas from refiners and then sells it to the operators of the stations he owns. It’s the most richest company in Uganda ranking at the first place in the top 10 list. Recently, Akiko, along with the Italian Enel Green Power, were 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. 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. Samuel Tafesse embodies the rags to riches story, as he has grown his company to be one of the largest construction companies in Ethiopia. 5 reasons your employees may be unhappy right now, 5 Things You Should Know Before Studying Theology, Compagnie Financiere Richemont, Cartier, Montblanc, Shoprite Holdings, Brait, Invicta Holdings. Omer owns coffee clearing machines, coffee washing stations and plans to start up a coffee plantation. Beginning with only the import of items to satisfy the local demand, Omer would in 1995 expand to engage deeply within the coffee business. 1. 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). He covers anything and everything related to CEOs, CFOs, CIOs, senior management executives, business leaders, and high net worth individuals worldwide, whether lists or lifestyle, business or rankings. Much of the wealth is inherited from their human forebears, but in the end none of that matters because it's in mutant hands. 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. 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. The United States has been recognized as the best country in the world for international students, according to the CEOWORLD... With a net worth of roughly $18.4 billion, James Ratcliffe is the wealthiest person in the United Kingdom, followed by... Futbol Club Barcelona have retained their status as the world’s richest football club, according to Deloitte. 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. All this and more, has made Omer Ali Shifaw one of Ethiopia's richest men and a self-made one at that. 3. Majid al Futtaim is the richest man in Dubai with an astounding fortune of 3.5 billion dollars. # Best Countries For Investment In Ecommerce And Digital Sector, 2020 To establish a Somalia without kiddie gates, plastic scissors, or electric outlet plugs. Larry Ellison. Moi & Family. Most of the Kenyan 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. By 2008, Suhura would pay 37,000,000 USD or 999,000,000 ETB in taxes to the Ethiopian government. (adsbygoogle = window.adsbygoogle || []).push({}); With a net worth of $10.1 billion, Nigerian billionaire Aliko Dangote is the wealthiest man in Africa and the only African on the list of top 100 richest in the world. 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. Warren Buffett (Warren Edward Buffett) is the chairman and CEO of Berkshire Hathaway. 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. Airtel Uganda Limited. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. https://briefly.co.za/28792-here-10-richest-people-south-africa.html He was raised born in north central Ethiopia, in the city of Dessie in the Wollo region, but grew up in Woldia. Dr James Mwangi joined Equity bank back in the day when he was only 31 years old. 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. 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. Earnings: $26 million Subscribers: 23.3 million Money Talks: Richest football clubs in the world 2021, CEOs Can Learn Valuable Lessons from the Collapse of the Amazon, JPMorgan, Berkshire Hathaway Venture, 5 Myths That Keep Your Business From Thriving. Top 10 Richest Men In Kerala. Here is the list of top 10 Richest Men in Ghana. Again, Airtel ranks 2nd in the top 10 list of the richest companies in Uganda in 2020 under the telecommunications sector. 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. Ethiopia lands in one of poorest countries in the world on a list of top 10 and the reason for this poor and unstable economy is the unstable condition of the politicians. Net Worth: $3 Billion. 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 company has been operating in Ethiopia for over 60 years now and is respected throughout for their competence. Ina Afdile and wife Sahura. This billion dollar deal is Ethiopia's largest ever privatization agreement. Today, Tashitaa has over 300 trucks and vans, and transports about 15,000 people a day. 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. By 2011, Eyob's company was valued at about 788,000,000 USD or 21,000,000,000 ETB. 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). Their estimated net worth is $2.1 billion. Gerelta Business Plc. Aliko Dangote tops the list of Forbes Africa’s Billionaires list for … Somalia, a failed state in East Africa, has an extremely hostile political and business environment. 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. Eyob "Joe" Mamo is without a doubt a billionaire and one of Ethiopia's riches individuals. 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. Africa is a beautiful continent that boasts of hosting some of the world’s richest people. Somalia is full of wealthy celebrities. They are also everywhere in the country. 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. She controls over 50% of the khat market in Ethiopia and is also a leader in global sales of the product. Many of these men and women have also achieved exceptional success and are deserving of being included in the list of the richest Ethiopians. Copyright © 2008 - 2021 CEOWORLD magazine. 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). The Ethiopian men and women who have spearheaded the country's phenomenal growth stem from various backgrounds, ethnicities, and religions. famz on the List Of Top 10 Richest Men In The World In 2020, Despite the world being populated by the poor masses, there are still some notable icons across the world known and noted to be the richest men in the world, however, these men are rated according to their net worth every year with respect to their various works, I mean what they do for a living and how much they make from … 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. Yusuff Ali M.A; Yusuff Ali M.A who is estimated to be worth about 5.2 billion dollars is a Kerala born businessman who is based in the United Arab Emirates. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. Top 10 richest Somalis Somalia has untapped reserves of numerous natural resources, including uranium, iron ore, tin, gypsum, bauxite, copper, salt and … 83739 Nile Breweries Ltd. It’s the richest beverage manufacturing company in Uganda. He was named as Ethiopia's richest man, the 2nd richest black person in the world, and the 2nd richest Saudi Arabian, all this proves that Mohammed Al Amoudi has earned the title of tycoon. 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. He ranks sixth in the list of richest men in Dubai. Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. Top 20 Richest Men In Kenya And Their Net Worth 1. Below is the comprehensive list of the top 20 richest billionaires in Africa and their net worth according to Forbes 2021. Nicholas F. Oppenheimer was born on the 8th of June 1945.He is known to be the current richest South African and second richest man in Africa after Aliko Dangote. 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. 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. 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. Victor Matara. Top 10 Richest People In Africa 2021. Throughout the years, the company has delivered over 2,800 housing units with more on the way. Through the crafty use of his family's trading background, Ketema began to retail acrylic yarn and other similar items that were in high demand throughout Ethiopia. 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. Today, this company owns over a hundred. somali richest man 2020, Mike Adenuga and Aliko Dangote on the Forbes Billionaires list for 2020. Isabel dos Santos, an Angolan businesswoman, the eldest child of Angola’s former President José Eduardo dos Santos (who served as President of Angola from 1979 to 2017), is the richest woman in Africa. Keep reading to know more. 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. So you can gather a little inspiration, here are 10 of the highest paid YouTubers in the world in order and from every niche. 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). Mohammed A. Ture established his company in 1954 as Ture Chinese Commodities but was later changed to Ture Plc. By2016, Tewodros would play a vital role in one of Africa's largest private sector business transactions. Top 10 Richest Ethiopians. Although no longer living, Mohammed Ture's company is run by 6 members of the Ture family. 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. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopia's richest and a billionaire. 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. Always one to keep an eye out for opportunities, Tewodros would also become chairman of Ambo Mineral Water, one of Ethiopia's largest beverage brands. Their main source of wealth is through business. The Most Successful and Richest Ethiopians. RELATED: X-Men: 10 Mutants Who Share The Same Power Set. India is home to some of the richest and wealthy families of the world, making an easy list of top 10 richest man in India in 2021. 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. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. These are the richest people in the world! Nana Akufo-Addo – Net Worth: $250 Million Dollars. Top 10 Richest Pirates In History: Blackbeard, Drake & Others Worth Millions While the richest and most popular pirate of today is surely the “Pirates of the Caribbean” movie franchise (worldwide gross: $3.7 billion), the pirates of the old days were no slouches–and … In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets and like products. # Richest Women In The World For 2020. MAJID AL FUTTAIM. The Ethiopian men and women who have spearheaded the country's phenomenal growth stem from various backgrounds, ethnicities, and religions.. For most, the journey to becoming one of the richest Ethiopians was not an … But its people, the Somalis, are some of the most entrepreneurial people in Africa. 1. Top 10 richest YouTubers in the world. For most, the journey to becoming one of the richest Ethiopians was not an easy one, but through an undying obsession to become successful, these people have reached their goals. British billionaires: Who is the richest people in the United Kingdom? Richest Men In South Africa And Their Net Worth (2020) 1. Upon coming of age, Al Amoudi would travel to the Kingdom of Saudi Arabia and become a citizen of the country. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. 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. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. Copyright © 2021 allaboutETHIO.com All Rights Reserved. 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. Ryan’s World. Eskinder's obsession with quality has changed the way several construction companies operate in Ethiopia. | Website by AAE Designs with Colorlib | Terms of Use | Privacy Policy | Disclosure | Cookies Policy. They are arguably the most hardworking people in the country; they have exploited every opportunity that has come on their way. 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. Ryan Miller is the Global Assignment Editor at CEOWORLD magazine. The World's Billionaires is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine Forbes.The list was first published in March 1987. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. Borri: “The men who invaded KM 50 were dressed in Somali military uniform and armed with the most modern weapons bought by the government.” Many observers concur: the invaders did seem to have the support of at least the Third Brigade of the Somali army, most of whom are ethnic Habargidir. In 1977, he founded Oracle, a … Furthermore, Akiko's OBG also engages in construction machinery rental, spas, gyms, and logistical works. Following the line of work her parents were in, Suhura upon growing older began her own small business khat dealership. He would start the ardous climb to success by working various jobs, sometimes three at a time. Abayomi Jegede-January 3, 2019. 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. Larry Ellison - U.S. Larry Ellison, 75, was worth $59 billion on March 18. This company would be supplemented with SouthWest Development which gives services to companies engaged in the oil and gas industry in Ethiopia. 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. A Somalia where every man and woman is judged by the content of their heart and the quality of … 0. Nicky Oppenheimer – Net Worth $7.5 billion. Top 10 Richest Ethiopians. His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization or ISO. Find out the Top 10 Richest Men in India in 2021 that have grabbed eyeballs from all over the world. Akiko's deal with the EEP or Ethiopian Electric Power would make her the first Ethiopian to build a privately owned and operated solar plant in the country. You have allowed cookies to be placed on your computer. 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. The company he registered, Sunshine Construction Limited, would one day grow to become the behemoth of construction it is today in 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. Only 2 woman features on the list of the 25 richest people in Africa — Angola’s richest person, Isabel Dos Santos and Folorunsho Alakija from Nigeria. 1. Unfortunately, after five years of running the business, he would be placed in jail by the Derg military government for long years. # Most expensive countries in the world to live in, 2020 # Countries with the highest life expectancy in the world, 2020 One secret they have is that they’re not heavy spenders; they also believe that every shilling counts. Their names don’t ring with the African public, and you’ve probably never heard about them before, but they are […] Over the years he has won various… The figures dropped from $2.9 billion in 2016 … was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. 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. 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. Hey! His eponymous business usually shortened to MAF has 10.6 billion dollars in annual revenues and is making more every single year. He served as the second President of Kenya, the position he maintained for about 25 years. Barça remained narrowly ahead... 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Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. Alhaji Aliko Dangote is a Nigerian businessman and Africa’s richest man with a net worth of $10.1 billion. 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. Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. 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. Along with Aliko Dangote, three other Nigerian billionaires who made the list were oil and telecoms mogul Mike Adenuga whose fortune is currently estimated at $7.7 billion, Abdulsamad Rabiu ($3.1 billion) and Folorunsho Alakija, with an estimated at $1 billion. Warren Buffett- Net Worth ($87.5 Billion): Save Warren Buffet is the Godfather of the stock market and the 7th richest man in the world in 2021, with a net worth of $87.5 billion. # Best (and worst) countries in the world for old people to live in, 2020 From there, he would buy oil refineries in Morocco and Sweden, engage in oil exploration off West Africa, open one of Africa's best hotels (Sheraton Addis), finance a factory to build Saudi's first car, begin gold mining, steel production, tire production and enter the oil market in Ethiopia. The continent has been blessed with both men and women who have over the years amassed a huge amount of money which they have positively use in changing the state of the country they are from and the continent at large. began its explosive rise as one of Ethiopia's largest business enterprises. 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. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce.. Seeing this unfortunate management crisis, Suhura returned to the helm of the business. For various reasons, such as political, economic, etc., Ethiopians are spread out as Diaspora all over the globe. I help you to save time and live more with the most up-to … 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. In Ethiopia, Eskinder has consulted and managed various huge road and bridge projects that are a source of pride for Ethiopians. 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. This habit has enabled them to have time to reflect on their business and lay future strategies. He would leave the farm and become a school teacher and a political activist.