The Richest Man in Ethiopia – Mohammed Hussein Al Amoudi

News: Saudi entrepreneur Mohammed Hussein Al Amoudi boasts a remarkable fortune of approximately $11 billion, making him Ethiopia’s wealthiest individual and, at one time, the world’s most affluent black person. Although he hails from a royal lineage, it’s important to note that he doesn’t hold a royal title. Additionally, he once held the distinction of being Saudi Arabia’s richest man.

Areas of Interest

Real estate and oil exploration stand out as primary areas of focus for Al Amoudi. Notably, his oil exploration endeavors extend beyond Saudi Arabia, spanning countries such as Switzerland, Sudan, and Morocco. Furthermore, he maintains substantial oil investments in both Sudan and Ethiopia.

Self-Made Wealth

Mohammed Hussein Al Amoudi’s substantial net worth of $11 billion is primarily the product of his own efforts rather than inheritance. He actively engages in 13 distinct business ventures, yielding an annual profit share of nearly $1 billion. His reputation for benevolence towards the royal family is well-documented, with annual donations totaling close to $1 billion.

Early Life and Family

Born on July 21, 1946, in Saudi Arabia, Mohammed Hussein Al Amoudi hails from a family deeply entrenched in the real estate sector, notably holding exclusive construction rights in the city of Medina. Carrying forward his father’s legacy, he took the family’s real estate enterprise beyond the borders of Saudi Arabia. Currently, he oversees ongoing real estate projects in Africa and possesses property holdings in Saudi Arabia, Switzerland, and the United States.

Personal Life

At the age of 76, Mohammed Hussein Al Amoudi stands at a height of 5’4″ (1.65m). He is a parent to eight children and is presently in a relationship with Mahder Assefa.

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Financial Success

Throughout the years, Al Amoudi’s net worth has seen significant expansion, reaching an impressive $11 billion in 2023. His shrewd business sense and diversified investments have played a pivotal role in his remarkable financial achievements.

Frequently Asked Questions

1. Is Mohammed Hussein Al Amoudi the richest man in Ethiopia?

Yes, Mohammed Hussein Al Amoudi is currently the richest man in Ethiopia with a net worth of approximately $11 billion.

2. Where does Al Amoudi have his oil exploration ventures?

Al Amoudi has oil exploration ventures in countries such as Switzerland, Sudan, and Morocco.

3. How did Al Amoudi accumulate his wealth?

Al Amoudi has accumulated his wealth through self-made ventures, involved in 13 different business ventures and generating an annual profit share of almost $1 billion.