Top 7 Richest People in Ethiopia 2018 And Their Net Worth
List of Top 10 Richest Ethiopians Wealthiest, Men, Women. Top 7 Ethiopian Multi-Billionaires Among World Richest People. Five richest men in Ethiopia have as much income as half the population. The five richest men in Ethiopia have a fortune as large as the income of half the Ethiopian population, almost 104 million people, according to a Forbes report released on Monday.
Ethiopia lands is currently ranked as one of the poorest countries in the world on a list of top 10 and the reason for this poor and unstable economy is the unstable condition of the politicians. They are filled with flaws and the taxation and money collected from people only makes a portion of the community richer and the common people get poorer.
Even though there is this condition all around, there are still rich people who are multimillionaires. They have such amount of money because of connections with the politicians and a stable business that takes the supplies from the country and sends it to other places. Below is a list of top 10 richest Ethiopians in 2018.
7. Abay Tsehaye Net Worth $1.5billion
Abay Tsehaye estimated net worth is US $1.5 billion and he is ranked at No.7 in the list of top 10 richest politician in Ethiopia as appeared in financial magazines such as Forbes and Bloomberg 2018. He is a politician from the ruling party in Ethiopia. He has enough influence inside the party because he is a veteran there.
That is one reason through which he has made lot of connections and made a lot of worth through the country’s economy. He has also invested in various sectors of business that have made the work simpler for him to gain out of the profits. He is extremely influential in the country.
6. Samuel Tafesse Net Worth$ 1.6 billion
Samuel Tafesse estimated net worth is US $ 1.6 billion and he is ranked at No.6 in the list of top 10 richest people in Ethiopia as given the impression in financial magazines such as Forbes and Bloomberg 2018. He partnered the widow of Meles Zenawi, in several businesses.
Samuel Tafesse started with his business in construction. Both of them partnered the business and made a profit of millions in the industry. They have also worked together on other businesses as well. But new chances of the relationships getting sour with her have made a deep impact on his construction business
5. Seyoum Mesfin Net Worth$ 1.8 billion
Seyoum Mesfin estimated net worth is US $ 1.8 billion and he is ranked at No.5 in the list of top 10 richest people in Ethiopia as appeared in financial magazines such as Forbes and Bloomberg 2018. He is presently the Ethiopian ambassador to China.
Seyoum Mesfin was previously on the position of foreign affairs minister where he had a lot of power about trade. He has been chairman for Ethiopian Airlines. His power in the Ethiopian cabinet along with the airlines helped him smuggle a lot of drugs within Africa and Asia. He is the richest drug lord in Africa with a long criminal history of selling illegal drugs. He has made a lot of profit in this business in the past few years.
4. Sebhat Nega Net Worth$ 2 billion
Sebhat Nega estimated net worth is US $ 2 billion and he is ranked at No.4 in the list of top 10 richest politician in Ethiopia as appeared in financial magazines such as Forbes and Bloomberg 2018. He was previously a member of the politburo of TPLF and was close to the dictator.
Sebhat Nega was also a member of the committee for Endowment Fund For Relief Of Tigray. He was close to Meles but was later kicked out of both organisations. His present estimation of net worth is about $2 billion as of now but his real worth previously was even more than this. He is still one of the most influential people in whole of Ethiopia as of today.
3. Berhane Gebrekristos Net Worth$ 2 billion
Berhane Gebrekristos estimated net worth is US $ 2 billion and he is ranked at No.10 in the list of top 10 richest people in Ethiopia as given the impression in financial magazines such as Forbes and Bloomberg 2018. He was one of the closest to the dictator Meles and his wife Azeb Mesfin. He is a really trusted apprentice to the dictator and even now he is a partner of Azeb Mesfin in various businesses.
Berhane Gebrekristos was a part of the diplomatic works that was used by the dictator for money laundering. The dictator himself looted a huge amount of money in the name of taxes from the common people and before government was formed, he helped them in the loot of money.
2. Azeb Mesfin Net Worth$ 4 billion
Azeb Mesfin estimated net worth is US $ 4 billion and she is ranked at No.2 in the list of top 10 richest people in Ethiopia as appeared in financial magazines such as Forbes and Bloomberg 2018. She is the widow of the late dictator Meles and has as corrupt mind as that of the dictator himself. She has owned and shares of various companies around Ethiopia.
Azeb Mesfin also has a criminal image of herself among the people of Ethiopia, with a name mother of corruption given to her by the people. In the biggest companies and industries she is a stakeholder and thus she has an estimated worth of $4 billion combining worth of the dictator and all that she got out of the interests of the companies.
1. Mohammed Al Amoudi Net Worth$ 10 billion
Mohammed Al Amoudi estimated net worth is US $ 10 billion and he is ranked at No.1 in the list of top 10 richest people in Ethiopia as appeared in financial magazines such as Forbes and Bloomberg 2018. Mohammed Al Amoudi is the richest person in Ethiopia. He has such amount of wealth because of his resources and the gold mines that he controls.
The gold mines were given to his control by the late dictator of Ethiopia. He also controls the vast agricultural land that were forcefully taken by the dictator from the common people. These lands and mines are the chief reasons for which he has a great amount of worth. His gold is exported to other countries as well.