Africa’s Top Five Billionaires

January 7, 2011  |  

(African Business Review) — Number 1- Mohammed Al Amoudi  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 include 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.

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