Top 10 Richest People in Ethiopia 2020

In no particular order, here are the top 10 richest Ethiopians alive as of 2020.

1. Mohammed Al Amoudi

Controls gold mines and massive tracts of fertile lands that were handed to him by the late former prime minister Meles Zenawi. Estimated net worth: $10 billion.


2. Azeb Mesfin

She is the Widow of the late Prime Minister Meles Zenawi,  she has ownership interests in many of the biggest companies in Ethiopia. Estimated net worth: $4 billion.

3. Berhane Gebrekiristos

The closest and most trusted friend of Meles and Azeb. Estimated net worth: $2 billion.

4. Sebhat Nega

His fortune has been declining after he was kicked out of the TPLF politburo and the Endowment Fund for the Relief of Tigray (EFFORT) by Meles and Azeb; he is currently rebounding. Estimated net worth $2 billion.


5. Seyoum Mesfin 

Current Ethiopian ambassador to China, former foreign affairs minister, used his chairmanship of Ethiopian Airlines and diplomatic status to build his fortune. Estimated net worth: $1.8 billion.

Samuel Tafesse – One of Azeb Mesfin’s business partners; their relationship has gone sour over the past couple of years, negatively affecting his construction business. Estimated net worth: $1.6 billion.

6. Abay Teshay

A senior member of the ruling party has blind partnerships with many of the big companies in Ethiopia. Net worth: $1.5 billion

7. Omer Ali Shifaw

Owner of Nejat International, whose wealth has been declining after TPLF started to compete with his coffee exporting business. Estimated net worth: $500 million

8. Eyob Mamo

CEO and Chairman of Capitol Petroleum Group, Washington DC. Estimated worth: $500 million.


9. Suhura Ismail Khan

She has become the biggest khat trader in East Africa by establishing partnerships with TPLF officials and forging a close friendship with the late Prime Minister Meles Zenawi. The TPLF-occupied Ethiopian embassies around the world are her main khat export routes to the Diaspora. Estimated net worth: $200 million.

10. Ina Afdile and wife Sahura

Victor Matara

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