The current edition of the African Business Review features AfricaÃ¢â‚¬â„¢s Top 5 billionaires, including Sheikh Mohammed Hussein Al Amoudi of Ethiopia, the patron of Ethiopian Premier League team St George FC.
The list includes the Sawiris family of Egypt and Nicky Oppenheimer of South Africa.
Number 1- Mohammed Al Amoudi of Ethiopia
Ethiopia’s richest man as well as the richest black person in the world Mohammed Al Amoudi is worth $10 billion.
His broad portfolio of businesses includes oil, mining, agriculture, hotels, hospitals, finance, operations and maintenance.
He also owns Swedish refinery Preem and Svenska Petroleum, which made big plays in Guinea-Bissau, Nigeria and Angola in 2008.
Al Amoudi has invested more than $1 billion in Ethiopia. He controls his vast business conglomerate through two holding and operating companies, Corral Petroleum Holdings and MIDROC. He employs over 40,000 people through these companies.
Al Amoudi holds an honorary doctorate in Philosophy from Ethiopia’s Addis Ababa University.