Sebhat Nega - $2 Billion. His company is now worth 12,000,000 USD or 324,000,000 ETB, making him one of Ethiopia's richest people. 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. Although no longer living, Mohammed Ture's company is run by 6 members of the Ture family. 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. Khan controls more than 50 percent of khat sales in Ethiopia, making it a world market leader. 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. 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. He would leave the farm and become a school teacher and a political activist. Tekleberhan Ambaye is an industry leader and one of Ethiopias richest men. 1. 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. He was also the chairman of the Tigrayan Peoples Liberation Front (TPLF) and the head of the Ethiopian Peoples Revolutionary Democratic Front (EPRDF) during the eighties. 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. Elon Musk, with a fortune of $266 billion, is the richest person on the planet. Since the company is facing competitors the business has decreased making enough profit like before. 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. In 2016, Ashenafi played a vital role in one of Africas largest private-sector business transactions. Meles Zenawi - $3 Billion. 1. 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. in 1976, as a mere youth. This billion-dollar deal is Ethiopias largest-ever privatization agreement. Top 10 Wealthiest/Richest People In Ethiopia In 2023. With lucrative government contracts and the ability to successfully complete them, his German company reached great heights. The following are Ethiopia's top 20 companies and tax payers for the budget year ending in July 2020: (the amounts are approximate). In Ethiopia, Eskinder has consulted and managed various huge road and bridge projects that are a source of pride for Ethiopians. 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. 2021 Power 100; 2020 Power 100; 2019 Power 100; 2018 Power 100; 2017 Power 100; Leads & Data Center. Expanding legalization has driven an increase in bets on football's big game, with wagers more than doubling from 2021 to 2022. All Rights Reserved. Sebhat Nega is considered a magnate within the Tigray Peoples Liberation Front (TPLF). Tewodros Ashenafi Tewodros Ashenafi is a famous Entrepreneur, born on August 26, 1969, in Ethiopia. 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. top ten richest men in nigeria. However, less than 3,400 are ultra-high net-worth individuals. 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. It has the power to change the world.. 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. 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. Through the crafty use of his familys trading background, Ketema began to retail acrylic yarn and other similar items that were in high demand throughout Ethiopia. Nega was in charge of the TPLF business empire under the conglomerate Endowment Fund for the Rehabilitation of Tigray. 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. By2016, Tewodros would play a vital role in one of Africa's largest private sector business transactions. New interactive and fun video sessions with influencers and celebrities every thursday on thedistin Youtube Channel every week and more now scroll down to watch cat videos, Thank me later! As of December 2023, Tewodros Ashenafis net worth is $5 Million, per All Famous Birthday. It's when a person is young and chock full of new emotions that they connect the most intensely with certain songs or performers, after all. Ketema would begin to import and sell goods, export agricultural products, and distribute locally produced goods throughout Ethiopia. Even though Ethiopia is classified as one of the developing countries in the world there are still rich people who are living and enjoying life as the Westerners do. Mark Zuckerberg's net worth topped $100 billion for the first time on August 7, 2020. His net worth at present is $500 million. He was a part of the diplomatic works that were used by the dictator for money laundering. right away. 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. Analysts expect the companys shares to recover in the medium to long term, as the leading financial services group prepares to launch operations in Ghana, Ethiopia, and the Democratic Republic of the Congo through partnerships led by its mobile phone banking service, M-Shwari. Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. He's worth $4.5 billion and is the 638th richest person in the world. Ndegwa owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. Many of these men and women have also achieved exceptional success and are deserving of being included in the list of the richest Ethiopians. At the time, John D. Rockefeller was the richest person in the worldworth roughly $285 billion in today's terms. The California based technology entrepreneur is the Board member and co-founder of . His company Dangote Group is currently on an expansion drive to many other African countries. 7. The list of richest Indians by net worth based on an annual assessment of wealth and assets compiled and published by Forbes magazine. However, the companys payouts decreased in the following years, with Ksh290.3 million ($2.5 million), Ksh876.5 million ($7.51 million), and Ksh559.9 million ($4.8 million) paid out in 2017, 2018, and 2019, respectively. 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. 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. Net Worth: $6.6 billion. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia. booming construction industry in Ethiopia. In Ethiopia, Eskinder hasconsultedand managed various huge road and bridge projects that are a source of pride for Ethiopians. The list of Ethiopia's richest models, actors, musicians, businessmen, politicians, producers, footballers, athletes, Instagram influencers, and entrepreneurs are also the most famous and best-known Ethiopian celebrities both in Ethiopia and internationally. Who is the richest company in Uganda? At one point, he was considered even more powerful than the late Meles Zenawi, the one-time prime minister. He has also launched other businesses and philanthropic entities under Sunshine Investment Group. $113 . In 2011, her group recorded sales of between 30 and 40 tonnes of khat per day. . Andrew Ndegwa, a Kenyan businessman and executive director of First Chartered Securities Limited, owns 4.3 percent of NCBA Group, making him one of the banks most significant shareholders. Meles Zenawi wasan Ethiopian politician and businessman born on May 9, 1955, but died on Aug 20, 2012, at age of 57 years old. Africa's billionaires saw their wealth increase significantly in 2021, similar to the previous year, despite the long-term effects of the Covid-19 pandemic on business activities and the operations of companies and financial assets controlled by these ultra-wealthy individuals during the year. Bill Gates. As a local partner in Ethiopia for Japan Tobacco International, he closed a $1.4-billiondeal to acquire a 40-percent interest in Ethiopias National Tobacco Enterprise. 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. 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. 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. was soon created in 2008, to strengthen and expand Belayneh's import and export businesses. In late 2021 his net worth peaked at $137 billion, which made him the third-richest person . By. 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. Now, let's take a look at the top 10 in more detail. The top 10 richest people on the planet have a combined net worth of $1.4 trillion. 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. She is the Widow of the late Prime Minister Meles Zenawi, she has ownership interests in many of the biggest companies in Ethiopia. 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. The company has been operating in Ethiopia for over 60 years now and is respected throughout for its competence. August 24, 2021. Mamo, who tries to keep a low profile, is regarded as the king of the D.C. gas business. 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. Top 10 Richest People In New Zealand and Their Net Worth 2022. richest nigerian in houston. Ethiopia has a great environment for coffee cultivation. richest nigerian in houston. EAH produces over 100 products and provides distribution and logistics services to subsidiary companies and external customers. Patrice Motsepes TymeBank partners with The Foschini Group, eyes 26 million South African customers, Runa Alams DPI closes African Development Partners III Fund at $900 million, exceeding $800-million benchmark, Adidas faces $10-million loss as Beyonces Ivy Park fails to meet expectations. 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). He was previously in the position of foreign affairs minister where he had a lot of power over trade. Xu Rongmao & family. Tewodros also sits on a multitude of boards, think tanks, as well as, being a winner of international awards. He has also invested in various sectors of business that have made the work simpler for him to gain profits. Nigeria - $1.14 trillion. 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. He is still one of the most influential people in the whole of Ethiopia today. 1. Following a brain tumor operation in Brussels, Zenawi died from contracting an infection in August 2012. Kenyan businessman Andrew Ndegwas stake in NCBA Group has declined in the past 59 days due to the depreciation of the Kenyan shilling and selling pressures on the Nairobi Securities Exchange, which have impacted the valuation of the Nairobi-based financial services provider. 1. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. Mohammed AL Amoudi is one of the richest people in Ethiopia, as a matter of fact, Mohammed AL Amoudi was named the richest and the most extremely wealthy person in Ethiopia. In the biggest companies and industries, she is a stakeholder and thus she has an estimated worth of $4 billion combining the worth of the dictator and all that she got out of the interests of the companies. Free shipping for many products! Estimated net worth: $4 billion. Ethiopiahasonly a few billionaires, more multimillionaires, and 3,200 ultra-high-net-worth individuals. Today, Tashitaa has over 300 trucks and vans, and transports about 15,000 people a day. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. 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. Elon Musk. Who is the first billionaire in Ethiopia? 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 . Throughout the years, the company has delivered over 2,800 housing units with more on the way. 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. 11 . 3. His company, the Dangote group started as a small trading firm in 1977. We could have simply put together a list of New Jersey's wealthiest people, but NJBIZ . Tekleberhan Ambaye is an industry leader and one of Ethiopia's richest men. Up next with a net worth of $680 million is Kwabena Duffuor. 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. iwi masada aftermarket parts. Who is the richest person in the world 2021? Working closely with the Chinese, he has been praised for not letting any shoddy construction works pass. As of 2016, soleRebels shoes were sold in more than 50 countries after it was tagged the Fastest Growing African Shoe Brand in 2014. The privately-owned company founded in Minnesota now has more than 300 trucks and vans and transports about 15,000 people a day. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. 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. top 100 richest person in ethiopia 2021. by . Tenth in the list of richest persons in 2022 is Sergey Brin with his $91.4 billion net worth. Eyob Joe Mamo - $2.5 Billion. Rich List 2022 is our definitive guide to the wealth of the UK's richest people. 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. 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. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. Egyptian businessman Ahmed El Sewedys electric company records over $185 million in profit in 2022, Egyptian mogul Medhat Khalils Raya Holding signs deal to expand entrepreneurship support programs, GB Auto, led by the Egyptian Ghabbour family, hits historic $344-million profit mark, Led by Egyptian tycoon Yasmine Khamis, Oriental Weavers profit dives below $31 million in 2022, Tunisian auto mogul Moncef Mzabis fortune drops by $8 million as shares in automobile retailer plunge, Ethiopian billionaire Mohammed Al-Amoudis net worth soars by $161 million, Somali tycoon Abdirashid Duale sends aid to Turkey-Syria earthquake victims as death toll crosses 44,000, Sudanese-British billionaire Mo Ibrahims net worth surges by $100 million, Ethiopian entrepreneur Dawit Abraham sells board game to Cape Town-based gaming startup, Somali mogul Ismail Ahmed shocks industry as Zepz surpasses $800 million in funding, Kenyan businessman Paul Ndungu lists prime Nairobi property for sale, Kenyan businessman Andrew Ndegwa loses nearly $2.4 million in two months from stake in NCBA, Kenyan banker Gideon Muriukis Co-op Bank secures $100 million from global investors, Tanzanian billionaire Rostam Aziz pledges cheaper cooking gas amid $2.3-billion plant launch, Kenyan tech entrepreneur Paul Kimani takes startup to new heights with $2.7-million pre-Series-A funding, Nigerian banking magnate Jim Ovias Zenith Bank receives approval to restructure into a holding company, Nigerian billionaire Mike Adenuga gains $22 million from stake in oil firm, Conoil, Aliko Dangotes sugar business reports impressive performance as profit surpasses $110 million in 2022, Indian billionaire Sunil Bharti Mittals Airtel Africa to boost its capital expenditure to $750 million in 2023, Nigerian billionaire Abdul Samad Rabius net worth skyrockets to $8 billion, eyes Africas top 3 richest spot, Microsoft joins forces with Strive Masiyiwas Liquid to bring internet to underserved African communities, South African billionaire Stephen Saad eyes million-dollar deals to revive COVID-19 vaccine production lines, Nicky Oppenheimer, Africas third-richest man, loses $430 million in 26 days, Bernard Arnaults LVMH sets sights on South African billionaire Johann Ruperts Richemont, South African tycoon Neal Froneman-led Sibanye-Stillwater posts lower earnings, Q&A with Nigerian mining entrepreneur Emotan Josephine Aburime-Shine, Ethiopian tycoon Negusse Hailu recounts his experiences with EABSC, Meet Osinachi Ukomadu, an African tech entrepreneur revolutionizing logistics, Meet the South African woman who has created the worlds first ocean water distilled gin, African Judo Union President: Businesses must support sport. In the beginning, Ketema Kebede would be engaged in the trade of blankets, sweaters, carpets and like products. 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 . If you have Telegram, you can view and join ETHIOPIAN REPORTER JOB VACANCY IN ETHIOPIA right away. Berhane Gebrekristos - $2 Billion. The company eventually ceased operations in 2019 due to a government crackdown over alleged tax evasion and concerns about gambling addiction. A significant percentage of the countrys richest individuals are politicians. Brian Shuel // Getty Images. Buzayehu's East African Holdings is made up of several sister or subsidiary companies involved in manufacturing fast moving consumer goods, printing and packaging, agriculture (commercial farming), transport, agro processing, cement production, real estate, coal mining, coffee export, and coffee roasting and packing. 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. 2. He is the leading name behind Nejat International which is involved in supplying high-grade coffee to other countries around the world. $127 Billion. Jimoh Ibrahim - $1.1 billion. 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. Ethiopia's First and Largest Blog Network. Mohammed Hussein Ali Al Amoudi is an Ethiopian-Saudi billionaire businessman, who owns and controls many big industrial assets in Sweden, Saudi Arabia, and Ethiopia.He was born in Ethiopia, in 1946, to a Saudi father and an Ethiopian mother. 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. From Nigeria, he is the founder and . By comparison, Elon Musk, at over $304 billion, still has a little ways to go just yet. 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. 9. He also owns a 17-percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition. now scroll down to watch cat videos, Thank me later! Richest African Countries by GDP. 8. 9. Jamel Toppin . Taking advantage of this huge business opportunity, Suhura was able to quickly expand her business in an explosive manner. 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. Despiterankingonly 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. Africa is home to some of the wealthiest people in the world. Mohammed Al Amoudi - $8.3 Billion. Azeb Mesfin - $4 Billion. Search by Location. It is also one of the world's fastest-growing economies. Mohammed Al Amoudi, the son of a Saudi father and an Ethiopian mother is Ethiopias richest businessman. During the period when Pevans East Africa operated the SportPesa brand, Ndungu, a reclusive business leader who is a significant shareholder and non-executive director of Life Care Medics, received Ksh1.3 billion ($11.1 million) from the company until it ceased operations in June 2019. 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. Angola - $217.97 billion. Al Amoudi would begin his journey to astronomical wealth by venturing in the fields of construction and real estate. Akiko through the extensive business dealings of the Orchid Business Group cement her as one of Ethiopias richest a billionaire. Ethiopia is home to over 122 million people, per Worldometer. 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. Samuel Tafesse - $1.6 Billion. Kwabena Duffuor Net Worth - $680 Million. This includes the landmark Marriott Executive Apartments in Addis Ababa. Buzuayehu Bizenu is the founder and chairman of East African Holding (EAH), a leading industrial conglomerate in Ethiopia. Abay Tsehaye - $1.5 Billion. Egypt - $394.28 billion. financial services group prepares to launch. 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. Eyob Joe Mamo is an Ethiopian oil tycoon known for running and controlling half of the gas stations in Washington, D.C., through Capitol Petroleum Group, a leading wholesale distributor of petroleum services in the Metro D.C. area and New York City. 1. He's worth $4.3 billion and is the 665th richest person in the world. As his company grew, Ketema expanded to trading with neighboring countries and KK Plc. 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. Celebrity Net Worth estimates Al-Amoudis net worth to be around $8.3 billion whereas Bloomberg places his net worth at $5.46 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. Gerelta Business Plc. what is the recommended ratio for lifeguard to swimmer The Kenyan banking firm, which has 109 branches in Kenya, Uganda, Tanzania, Rwanda, and the Ivory Coast, was formed in 2019 by the merger of NIC Bank Group and Commercial Bank of Africa Group. Samuel Tafesse - $1.6 Billion. Moreover, she was also elected as Miss ECOWAS in 2013, winning a cash prize of $6,000 US dollars. In Illinois, the richest person remains Ken Griffin, the founder of Chicago hedge fund Citadel. Recently, it has evolved into a prominent corporate group in the country through BK Business Group. For some context, . 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. Top 100 country songs of all time. Nigeria - $514.05 billion. It was not properly convened and did not take place in Tanzania, as per the Companies Act, he emphasized. The group has grown into one of the countrys largest employers, employing more than 6,000 permanent and temporary personnel. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia, and Ethiopia. Thus the production of coffee is a perfect business that Omer Ali Shifaw set up there. She has her own business and owns shares in various companies around Ethiopia. Eric Lefkofsky: He's the founder of Groupon. wink wink, New interactive and fun video sessions with influencers and celebrities every thursday on. Unfortunately, his family's finances would force him to drop out after three years of higher learning, just short of receiving his degree. Al-Amoudis fortune is derived mainly from closely held companies in Sweden, Saudi Arabia and Ethiopia. Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother is Ethiopia's richest man businessman. The Ethiopian magnate and real estate developer has tendered a bid to buy a minority stake in D.C. United. The Ethiopian men and women who have spearheaded the country's phenomenal growth stem from various backgrounds, ethnicities, and religions. Tashitaa Tufaa, the founder of the Metropolitan Transportation Network, is one of Ethiopias wealthiest businessmen. Ethiopia is home to about 105 million people. She is the widow of the late dictator Meles. He had a net worth of $3 billion, according to Celebrity Net Worth. Nov 21, 2022. The bank first operated in Uganda as the National Bank of India in 1906. His primary businesses include cement, sugar and flour. In 2011, Capitol Petroleum Group was valued at $800 million, making him one of the wealthiest businessmen in Ethiopia with an estimated net worth of $2.5 billion. 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. Before starting his company in Ethiopia, Eskinder had already become a success in Germany. Mohammed Al Amoudi - $8.3 Billion. Wealth Milestones. A tireless and true businessman, Al Amoudi would also venture into banking, agriculture, cement production, among a dozen other interests. Stanbic Bank is the largest commercial bank in Uganda with assets more than UGX 5.4 trillion.

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