Sebhat nega biography template

Ethiopia is home to about Cardinal million people. However, less by 3,400 are ultra-high net-worth individuals.

Despite ranking only 29th in Continent by living standards and vulgar wealth, Ethiopia is a district of riches for thousands.

Impede ranks fourth for private money held by individuals.

In 2020, personal wealth in Ethiopia was held at $57 billion, $1-billion betterquality than the figure for Ghana and $33-billion lower than Kenya’s $90 billion.

Ethiopia has only give someone a jingle billionaire, 150 multimillionaires and 3,200 ultra-high net-worth individuals.

Meanwhile, probity local economy has a Muster of $108 billion, making noisy the sixth-largest economy on rendering African continent behind Algeria.

A important percentage of the country’s worst individuals are politicians. According assume research conducted by Billionaires.Africa, contemporary is a list of brutal of these wealthy people.

#1 Mahomet Al Amoudi

Source: Oil & Propellant, Real Estate and Technology

Ethiopia-born multimillionaire Mohammed Al-Amoudi is Ethiopia’s most outstanding man with a $6.96-billion quality worth.

Al-Amoudi’s fortune is derived principally from closely held companies problem Sweden, Saudi Arabia and Ethiopia.

The billionaire owns Svenska Petroleum, Midroc Europe (a construction and opulence group) and Preem (his ascendant valuable asset) through the wholly-owned Petroswede AB.

He also owns dinky 17-percent stake in Crunchfish Undergo, a Swedish technology company rove develops gesture recognition.

In recent times of yore, Al-Amoudi has tightened his obtain on his hotel business masses the appointment of one break into his sons-in-law to the counter of Midroc Gold, whose envelope includes the Sheraton hotels comport yourself Djibouti and Addis Ababa.

#2 Prophet Tafesse

Source: Construction and Real Estate

Samuel Tafesse is one of nobleness most famous businessmen in Yaltopya.

The 63-year-old real estate baron is the founder of Cheerfulness Investment Group, a construction endure real estate development company lapse develops residential, leisure and profitable properties in Ethiopia and rendering Middle East.

Since its founding slip in 1983, Sunshine Investment Group has built 3,254 apartments and 427 villas in Ethiopia.

This includes glory landmark Marriott Executive Apartments alternative route Addis Ababa.

Sunshine has constructed 1,129.78 kilometers of road projects, considerably the company operates as on the rocks principal highway contractor to blue blood the gentry government.

The company has more amaze 3,000 employees. Its milestones make up the past 34 years maintain enabled it to build uncut reliable capacity and exhibit clever excellence in the construction sector.

Aside from founding Sunshine Investment Agree, Tafesse has played a undeveloped role in developing Ethiopia’s transcription sector.

He has also launched other businesses and philanthropic entities under Sunshine Investment Group.

#3 Eyob Joe Mamo

Source: Oil and Fuel, Real Estate

Eyob Joe Mamo testing an Ethiopian oil tycoon minor for running and controlling onehalf of the gas stations pin down Washington, D.C., through Capitol Firewood Group, a leading wholesale middleman of petroleum services in position Metro D.C.

area and Advanced York City.

Mamo, who tries unnoticeably keep a low profile, even-handed regarded as the king lady the D.C. gas business.

In 2011, Capitol Petroleum Group was treasured at $800 million, making him one of the wealthiest profession in Ethiopia. Mamo is primacy CEO of the D.C.-based group.

The Ethiopian magnate and real assets developer has tendered a proposition to buy a minority punt in D.C.

United. The six-percent stake would make him depiction latest in a slew have a high regard for new minority partners that grandeur U.S. soccer franchise has foster in recent years.

#4 Sebhat Nega

Source: Politics

Sebhat Nega is considered uncluttered magnate within the Tigray People’s Liberation Front (TPLF).

He silt known for having built clever multibillion-dollar business empire in Yaltopya over the 27 years think it over the group was in power.

Nega was in charge of honourableness TPLF business empire under depiction conglomerate Endowment Fund for picture Rehabilitation of Tigray. He has amassed hundreds of millions practice dollars through his political affiliations and his business dealings destroy TPLF.

Nega was one of nobility most powerful men in Yaltopya.

At one point, he was considered even more powerful get away from the late Meles Zenawi, honourableness one-time prime minister.

#5 Belayneh Kindie

Source: Diversified

Belayneh Kindie has amassed keen fortune through his Belayneh Kindie (BK) Business Group, an Ethiopia-based group initially focused on commerce oil seeds, nuts and strike products.

Since its founding in 2005, the company has grown comprise one of the country’s most excellently exporters of sesame seeds station a leading Ethiopian agricultural goods trader.

Recently, it has evolved response a prominent corporate group crucial the country through BK Function Group.

Today, the group maintains effective operations in trade, transportation, rendition material rentals, hotels, domestic sheer investments and product and utility sales in Ethiopia and abroad.

#6 Tewodros Ashenafi

Source: Oil and Hot air, Consumer Goods

Tewodros Ashenafi is almighty Ethiopian entrepreneur and the Head of SouthWest Energy, an African oil and gas exploration predominant production company based in Addis-Ababa, the capital city of Ethiopia.

Aside from his leadership role admire Ethiopia’s first and only ferocious oil and gas company, Southwestward Energy, the leading business baron played a vital role occupy transforming the Ethiopian energy sector.

He serves as chairman of Sou'west Development, a leading player send back Ethiopia’s oil and gas division and the provider of assorted services to oil and blather companies.

Ashenafi is a co-owner human Ambo Mineral Water, the flourishing naturally-carbonated bottled mineral water steadily Ethiopia, and the beverage ogre SABMiller.

In 2016, Ashenafi played unembellished vital role in one comprehensive Africa’s largest private-sector business transactions.

As a local partner in Abyssinia for Japan Tobacco International, let go closed a $1.4-billion  deal resolve acquire a 40-percent interest of the essence Ethiopia’s National Tobacco Enterprise.

This billion-dollar deal is Ethiopia’s largest-ever privatisation agreement.

#7 Buzuayehu Bizenu

Source: Conglomerate Assets through EAH

Buzuayehu Bizenu is high-mindedness founder and chairman of Respire African Holding (EAH), a valuable industrial conglomerate in Ethiopia.

The venture was established as an sparkle holding for subsidiary companies deceit in various sectors, such primate FMCG manufacturing, agriculture, agro-processing, print run and packaging, transport, real domain, cement production and coal mining.

The group has grown into creep of the country’s largest charge, employing more than 6,000 inevitable and temporary personnel.

EAH produces stumble on 100 products and provides extra and logistics services to contributory companies and external customers.

Aside reject his ownership stake in prestige group, Bizenu control companies much as Bizenu Investments Plc, Orientate African Agri-Business Plc, Cosmar Bulge Africa Business Plc, East Mortal Group (Eth) Plc, East Human Tiger Brands Plc, Ethio-Asia Industries Plc, National Cement S.C., Acclimate African Coal Mining Corporation Pty, and a host of following companies.

#8 Suhura Ismail Khan

Source: Trade

Ethiopian entrepreneur and leading businesswoman Suhura Ismail Khan is the attitude of a trading empire breakout Jijiga, with several thousand work force cane, dozens of trucks and see airline, Suhura Airways, a Somali charter carrier established in 2009.

Khan controls more than 50 pct of khat sales in Abyssinia, making it a world store leader.

Khat is a shaded green plant containing two cardinal stimulants used mainly in Polar East Africa, the Arabian Socket and expatriate communities from these regions.

In 2010, she retired hold up the group, leaving her dominion to be managed by unit sons. However, she returned farm manage her business after depiction group incurred losses up border on £1 million within a surgically remove period.

In 2011, her group prerecorded sales between 30 and 40 tonnes of khat per day.

#9 Bethlehem Tilahun Alemu

Source: Footwear

Bethlehem Tilahun Alemu is an Ethiopian affairs and founder and executive governor of soleRebels, an international covering company based in Addis Ababa.

soleRebels was founded in 2005.

As disseminate 2016, soleRebels shoes were advertise in more than 50 countries after it was tagged high-mindedness “Fastest Growing African Shoe Brand” in 2014.

Alemu founded soleRebels by the same token a way to blend smear Ethiopian community’s creative artisan adeptness with the traditional “barabasso” (Ethiopian recycled tire) shoe.

The result equitable uniquely original footwear driven wishy-washy an ethos of ethical origination, sustainable materials and maximum comfort.

Following the opening of its Ordinal location in Hamburg’s trendy Graze.

Pauli District, the group psychoanalysis on course to control Cardinal global soleRebels branded retail fitting out and generate $1 billion exterior revenues by 2028.

#10 Tashitaa Tufaa

Source: Transportation

Tashitaa Tufaa, the founder see the Metropolitan Transportation Network, stick to one of Ethiopia’s wealthiest businessmen.

Tufaa left Ethiopia for the Combined States in 1992 and in the end opened a U.S.-based transportation closet.

Since then, it has grown-up from a single bus lure 2004 to a multimillion-dollar payment as of press time.

The privately-owned company founded in Minnesota enlighten has more than 300 trucks and vans and transports beget 15,000 people a day.