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Africa’s Richest Man 2011

National Money
Africa’s Richest Man 2011


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 $3 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.Born in Ethiopia to Saudi father and Ethiopian mother also having Saudi Arabia citizenship

Al Amoudi holds an honorary doctorate in Philosophy from Ethiopia’s Addis Ababa University.

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