Forbes Ranks Top 10 Richest People in Ethiopia

5 min


Even though Ethiopia is classified as one of the developing countries in the world there are still rich people who are are living and enjoying life like the westerns do. 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.

10. Suhura Ismail Khan

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She has become one of the established khat traders in East Africa post her partnership with TPLF. She had a good bonding with the dictator Meles Zenawi and thus her start in business was smooth. She has a lot of worth in the company and is a stakeholder in the TPLF. She continues her export of khat through the embassies that are occupied by TPLF. Her total stake at present is estimated to be $200 million and she has secured such a worth in a very small period of time.

9. Eyob Mamo

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Eyob Mamo is another great Ethiopian who has special links with business. She joined the petroleum company Capitol Petroleum Group and spearheaded the export of oil in different countries. The business spread around the world so much that it even reached America. The headquarters are in Washington DC for the business and he is presently the CEO and Chairman of Capitol Petroleum Group getting headed there. He has an estimated $500 million under his name.

8. Omer Ali Shifaw

Ethiopia has a great environment for coffee cultivation. Thus the production of coffee is a perfect business that Omer Ali Shifaw set up there. He is the leading name behind Nejat International that is involved in supplying high grade coffee to the other countries around the world. Most of the coffee produced here is exported and that made this agricultural company famous. This company went into other sectors of agriculture as well so that it can flourish from all sides. Since the company is facing competitors the business has decreased making enough profit like before. His net worth at present is $500 million.

7. Abay Tsehaye

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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. The shares from the company has made her present estimated worth of about $1.5 billion. He is extremely influential in the country.

6. Samuel Tafesse

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He partnered the widow of Meles Zenawi, in several businesses. He 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. Even with that he has a net worth of $1.6 billion and a working business led by him.

5. Seyoum Mesfin

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He is presently the Ethiopian ambassador to China. He 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 and his estimated worth at present is $1.8 billion.

4. Sebhat Nega

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He was previously a member of the politburo of TPLF and was close to the dictator. He 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

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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. He 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. His estimated worth at present stands at $2 billion.

2. Azeb Mesfin

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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. She 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

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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. He has an estimated net worth of around $10 billion which makes him the richest person and the most influential in whole of Ethiopia. He has influence over the say of Azeb as well as the government.


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