The company has more than 3,000 employees. He has also invested in various sectors of business that have made the work simpler for him to gain profits. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. 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. 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. In 2010, she retired from the group, leaving her empire to be managed by her sons. Its milestones over the past 34 years have enabled it to build a reliable capacity and exhibit practical excellence in the construction sector. Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. Heading into 2022, the 10 wealthiest individuals in the world are all worth . We could have simply put together a list of New Jersey's wealthiest people, but NJBIZ . Richard Schulze (conceived January 1941) is the organizer and previous executive and CEO of Best Buy. The data and graphics were last updated on November 8th, 2021. 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. 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. Unfortunately, his family's finances would force him to drop out after three years of higher learning, just short of receiving his degree. Mohammed Hussein Al Amoudi was born in Ethiopia in 1946 to a Hadhrami father and an Ethiopian mother. The six-percent stake would make him the latest in a slew of new minority partners that the U.S. soccer franchise has added in recent years. Thus the production of coffee is a perfect business that Omer Ali Shifaw set up there. 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! 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 . Stanbic Bank is the largest commercial bank in Uganda with assets more than UGX 5.4 trillion. He is among the richest people in Africa who are worth billions ranking among Aliko Dangote, and others. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. Elon Musk, with a fortune of $266 billion, is the richest person on the planet. According to research conducted by Billionaires.Africa. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. Morocco - $302.77 billion. 1. 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. Meanwhile, the local economy has a GDP of $108 billion, making it the sixth-largest economy on the African continent behind Algeria. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. 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. Advertisement. 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 is a politician from the ruling party in Ethiopia. Abdul Samad Rabiu becomes Nigerias second-richest man, net worth surges above $7 billion, African billionaire heirs are making their mark in philanthropy, Billionaire mining mogul Patrice Motsepe acquires luxury wine farm in South Africa, Egyptian billionaire Naguib Sawiris Orascom Investment sells stake in TWA in $35-million deal, Mohammed Akoojees Imperial Logistics partners with UbiPharm to create Africas largest healthcare distribution network, Sam Darwishs IHS Towers to acquire tower assets in Brazil in $315-million deal, Egyptian billionaire Yasseen Mansour loses $2.56 million as Palm Hills shares slump by double digits. Thomas Pritzker: He is the heir to and executive chairman of the Hyatt hotel chain. At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. Throughout the years, the company has delivered over 2,800 housing units with more on the way. 9. 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. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. Eric Lefkofsky: He's the founder of Groupon. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. 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. . In Illinois, the richest person remains Ken Griffin, the founder of Chicago hedge fund Citadel. 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. . Tufaa left Ethiopia for the United States in 1992 and ultimately opened a U.S.-based transportation outfit. Eyob "Joe" Mamo. Furthermore, Akikos OBG also engages in construction machinery rental, spas, gyms, and logistical work. Eskinder Zewdie is a German-educated engineer that has brought his exceptional civil engineering abilities to his homeland. Amidst a legal dispute with fellow shareholders in Pevans East Africa, Ndungu and another shareholder, Asenath Wachera Maina, were removed from their positions in Pevans East Africa following a special resolution. Nov 21, 2022. 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). 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. Ketema Kebede created the self-named KK Plc. 1. 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. His company Dangote Group is currently on an expansion drive to many other African countries. 3. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia, and Ethiopia. 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. 1 / 63. 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. 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. Belayneh Kindie. Focusing his efforts on employee improvement, good management, and tight credit controls, BKIE soon began to expand to various other sectors. 1. As one of the fastest growing economies in the world, Ethiopia is on its way to becoming an important hub for global commerce. Through his legal representative, Ekuru Aukot, Ndungu clarified that the injunction against him and Maina had already expired on Jan. 24, as per the law, and had not been renewed. Berhane Gebrekristos present estimation of net worth is about $2 billion but his real worth previously was even more than this. 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. She has her own business and owns shares in various companies around Ethiopia. Mamo is the CEO of the D.C.-based group. Eskinder Zewdie is a German educated engineer that has brought his exceptional civil engineering abilities to his homeland. After 22 years away from his homeland, Ermias would return with his experience in Wall Streets stock exchange and start innovative businesses in Ethiopia. February 6, 2023. 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. 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. 11 . He was one of the closest to the dictator Meles and his wife Azeb Mesfin. Algeria - $532.57 billion. 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. She controls over 50% of the khat market in Ethiopia and is also a leader in global sales of the product. As a khat street vendor, her profits were very small until she began to explore the business opportunities in the neighboring country of Somaliland. Angola - $217.97 billion. 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. 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.