The Top 10 Richest People in Ethiopia in 2024

10. Tewodros Ashenafi

• Tewodros Ashenafi, born in 1969, is among the richest folks in Ethiopia. He’s the chairman and CEO of South West Vitality, which is Ethiopia’s main oil and gasoline exploration and manufacturing firm.
• He’s additionally closely concerned in SAB Millers and chairs the board of Ambo Mineral Water.

9. Buzuayehu T. Bizenu

• Buzuayehu T. Bizenu is the founding father of East African Holding Share Firm (EAHSC). This firm offers within the manufacture of fast-moving client items, printing and packaging, actual property, agriculture, cement manufacturing, espresso export, and coal mining.
• The businesses that fall underneath the EAHSC umbrella embody East African Tiger Manufacturers PLC and Nationwide Cement S.C., and so forth.

8. Omer Ali Shifaw

• Omer Ali Shifaw is among the prime 10 richest folks in Ethiopia in 2023. He at present has a web value of $800 million.
• This millionaire began within the spice enterprise earlier than he left to open his personal firm. Afterward, after going by way of a number of years of imprisonment, he opened the Omer Ali Firm which he then rebranded to Nejat Worldwide in 1990.
• The primary focus of Nejat Worldwide is espresso and roasted espresso, in addition to meals retailing.

7. Belayneh Kindie

• Belayneh Kindie is the founder and CEO of the Belayneh Kindie Group (BKG). He began his business trip buying and selling honey and butter with a paltry sum of lower than $1000.
• The BKG focuses on Arabica espresso export, the exportation of oil seeds, nuts, and different merchandise, manufacturing, agriculture, and the lodge trade.

6. Ketema Kebede

• Ketema Kebede began KK Plc. as a younger man again in 1976. This firm has since grown right into a thriving enterprise that offers in agricultural exports, import and export, actual property, importation of building tools, and transit and forwarding.
• KK Plc. is one among Ethiopia’s largest exporters of Ethiopian espresso, spices, and cereals.

5. Akiko Seyoum Ambaye

• Akiko Seyoum Ambaye, daughter of the well-known contractor Seyoum Ambaye, is a serious shareholder and CEO of the Orchid Enterprise Group. The group holds authorities contracts for extremely profitable initiatives e.g. the Grand Ethiopian Renaissance Dam.
• The Orchid Enterprise Group additionally focuses on logistics and infrastructure.

4. Samuel Tafesse

• Samuel Tafesse is a building and actual property mogul, billionaire and philanthropist. He’s the proprietor and CEO of Sunshine Funding Group, which began as Sunshine Development in 1984.
• Sunshine Funding Group offers in large-scale actual property improvement, large-scale street and bridge initiatives, and the development of motels and business buildings.
• Samuel Tafesse at present has a web value of $1.6 billion.

3. Eyub Joe Mamo

• Eyub Joe Mamo is one other of the highest 10 richest folks in Ethiopia in 2023. He began the Capital Petroleum Group in 1987. This firm at present controls 41% of the gasoline stations in Washington DC and is a number one wholesale distributor of petroleum companies.
• This Ethiopian oil tycoon, known as the King of DC’s gasoline enterprise, is value $2.5 billion.

2. Azeb Mesfin

• Azeb Mesfin, the widow of the late Ethiopian Prime Minister Meles Zenawi, is value $4 billion.
• Her wealth comes from shares and stakeholding in among the greatest corporations and industries in Ethiopia, in addition to private enterprise ventures.

1. Mohammed Al Amoudi

• Mohammed Al Amoudi, with a web value of $8.3 billion, is undoubtedly one of many richest folks in Ethiopia. He owns corporations in Sweden, Saudi Arabia, and Ethiopia, together with Svenska Petroleum, Midroc Europe (a building and property group), and Preem, one of many largest gasoline corporations in Sweden.
• This billionaire has invested in agriculture, gold mining, and cement manufacturing in Ethiopia.

Now that you realize who the highest 10 richest folks in Ethiopia in 2023 are, you need to be impressed to make your first million!