The Top 10 Richest People in Ethiopia in 2025

Have you ever wondered who the top 10 richest people in Ethiopia in 2023 are? Check out the list below!

10. Tewodros Ashenafi

• Tewodros Ashenafi, born in 1969, is one of the richest people in Ethiopia. He is the chairman and CEO of South West Energy, which is Ethiopia’s leading oil and gas exploration and production company.
• He is also heavily involved in SAB Millers and chairs the board of Ambo Mineral Water.

9. Buzuayehu T. Bizenu

• Buzuayehu T. Bizenu is the founder of East African Holding Share Company (EAHSC). This company deals in the manufacture of fast-moving consumer goods, printing and packaging, real estate, agriculture, cement production, coffee export, and coal mining.
• The companies that fall under the EAHSC umbrella include East African Tiger Brands PLC and National Cement S.C., etc.

8. Omer Ali Shifaw

• Omer Ali Shifaw is one of the top 10 richest people in Ethiopia in 2023. He currently has a net worth of $800 million.
• This millionaire started in the spice business before he left to open his own company. Later on, after going through several years of imprisonment, he opened the Omer Ali Company which he then rebranded to Nejat International in 1990.
• The main focus of Nejat International is coffee and roasted coffee, as well as food retailing.

7. Belayneh Kindie

• Belayneh Kindie is the founder and CEO of the Belayneh Kindie Group (BKG). He started his business journey trading honey and butter with a paltry sum of less than $1000.
• The BKG focuses on Arabica coffee export, the exportation of oil seeds, nuts, and other products, manufacturing, agriculture, and the hotel industry.

6. Ketema Kebede

• Ketema Kebede started KK Plc. as a young man back in 1976. This company has since grown into a thriving business that deals in agricultural exports, import and export, real estate, importation of construction equipment, and transit and forwarding.
• KK Plc. is one of Ethiopia’s largest exporters of Ethiopian coffee, spices, and cereals.

5. Akiko Seyoum Ambaye

• Akiko Seyoum Ambaye, daughter of the well-known contractor Seyoum Ambaye, is a major shareholder and CEO of the Orchid Business Group. The group holds government contracts for highly lucrative projects e.g. the Grand Ethiopian Renaissance Dam.
• The Orchid Business Group also specializes in logistics and infrastructure.

4. Samuel Tafesse

• Samuel Tafesse is a construction and real estate mogul, billionaire and philanthropist. He is the owner and CEO of Sunshine Investment Group, which started as Sunshine Construction in 1984.
• Sunshine Investment Group deals in large-scale real estate development, large-scale road and bridge projects, and the construction of hotels and commercial buildings.
• Samuel Tafesse currently has a net worth of $1.6 billion.

3. Eyub Joe Mamo

• Eyub Joe Mamo is another of the top 10 richest people in Ethiopia in 2023. He started the Capital Petroleum Group in 1987. This company currently controls 41% of the gas stations in Washington DC and is a leading wholesale distributor of petroleum services.
• This Ethiopian oil tycoon, referred to as the King of DC’s gas business, is worth $2.5 billion.

2. Azeb Mesfin

• Azeb Mesfin, the widow of the late Ethiopian Prime Minister Meles Zenawi, is worth $4 billion.
• Her wealth comes from shares and stakeholding in some of the biggest companies and industries in Ethiopia, as well as personal business ventures.

1. Mohammed Al Amoudi

• Mohammed Al Amoudi, with a net worth of $8.3 billion, is undoubtedly one of the richest people in Ethiopia. He owns companies in Sweden, Saudi Arabia, and Ethiopia, including Svenska Petroleum, Midroc Europe (a construction and property group), and Preem, one of the largest fuel companies in Sweden.
• This billionaire has invested in agriculture, gold mining, and cement production in Ethiopia.

Now that you know who the top 10 richest people in Ethiopia in 2023 are, you should be inspired to make your first million!