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Ten of the richest businessmen in Ethiopia — most of whom you’ve likely never heard of
Ethiopia is home to about million people. However, less than 3, are ultra-high net-worth individuals.
Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands.
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It ranks fourth for private wealth held by individuals.
In , private wealth in Ethiopia was estimated at $57 billion, $1-billion higher than the figure for Ghana and $billion lower than Kenya’s $90 billion.
Ethiopia has only one billionaire, multimillionaires and 3, ultra-high net-worth individuals.
Meanwhile, the local economy has a GDP of $ billion, making it the sixth-largest economy on the African continent behind Algeria.
A significant percentage of the country’s richest individuals are politicians. According to research conducted by , here is a list of some of these wealthy people.
#1 Mohammed Al Amoudi
Source: Oil & Gas, Real Estate and Technology
Ethiopia