Addis Ketema

Sunday, March 19, 2006

The 77th Richest Person in the World is Ethiopian

Mohammed Al Amoudi is the 77th Richest Person in the World
Ethiopian born Al Amoudi is worth a 6.9 Billion Dollars.The previous Al Amoudi was ranked # 243 in the world with a net worth of 2.5 Billion Dollars. In one year his net worth has increased by an impressive 4.4 Billion dollars.

Right now he is:

Number 1 in Africa
Number 4 in Middle East/Africa
Number 77 in the World

Mohamed Al-Amoudi and Oprah Winfrey are the only Black People on the list.
BET founder Bob Johnson is not on the list. That makes Al-Amoudi the Richest Black Man on the Planet.

Just like the wealth of Bill Gates does not mean anything to poor Amercans, Al Amoudi's wealth may not mean anything to Ethiopia. There are however thousands of Midroc employees who may beg to differ.


  • Hi,

    I do disagree with the statement that Al amoudi was compared to Bill GAtes regarding their wealth is not meant to the poor in their own country. How dare one compares these two on the same scale??

    Only in January 2005 Bill Gates donated 750 million US dollar to the Global Alliance for Vaccines and Immunization. A historic amount!! How much did he give for education? He is doing something to fellow human beings. On the contrary the EThiopian born Al Amoudi spends his money on already famous Ethiopians to uphold his ego and keep many many young mistreses all around. And contributes the value deterioration our country is suffering from. Thus don't compare these two!!!!
    cheers, martha

    By Anonymous martha, at 4:47 PM  

  • Martha
    The comparison is not quite fair, whether by amount of wealth, by the global status/influence they have, or by the amount of charity they spend on.

    Nonetheless, Ethiopia got its 15 minutes fame being associated with the name of the Sheik. We are other wise and often the poster children of famine, war and HIV/AIDs. So let us see it from its lighter side.

    On another note, even though it is arguable, the Shiek has invested in Ethiopia and employed 60,000 people. In my opinion employment of any sort is better than billion dollars food aid. "Give a man a fish, you feed for a day. Teach a man how to fish, you feed him for life."

    By Blogger Mercato, at 6:28 PM  

  • You know what, you guys need to stop being little complainy people, he has money, be happy for him. Good for him. He can do what he likes with what he worked for. Just because he didn't give it to you doesn't give you the right to butcher his status just so you can feel better.

    By Anonymous Anonymous, at 6:13 AM  

  • Al Amoudi is doing good for Ethiopia and Ethiopians, leave him alone and try to do something good for your country!


    By Anonymous Anonymous, at 10:37 PM  

  • really as fellow african, i'm ashamed to learn that this guy got this sort of money and we africans or fellow ethiopians have to be assisted by bob geldof and bono wich is no bad.
    this Sheik sould do and have to do more to easy the suffering of poor.
    i don't blame him for being riche' but the people who need help are not celebrities(Beyonce, M.Jackson, ect)but children who go to bed hungry and have no education, no futur.
    i finish by saying this One finger can not clean all the face.
    we need every body work, wealth, brain to make africa a better place. no famine and wars.


    By Anonymous Anonymous, at 2:04 AM  

  • I agree with Martha's comment. I have to say Mr. Al amoudi is philistine by nature. He encircled by entourage of fortune-seekers who sing his chorus (and then more...) for a chance easy many. The fact is, he never gave the poor or built useful infrastructure that could benefit the country in the long run such as schools and universities. However, all his investments were planned with his own gain at heat that made him only richer and ever popular. There are many Ethiopians who have done more and left with little. Therefore, Al amuodi can’t be compared with Bill gates who is a true philanthropist. After all, 'To whom much is given much is expeceted.'

    By Anonymous Expatriot, at 1:07 PM  

  • Alamudin He tray the beast but wha he pay for Bianse $2 million insted of to pay her Alat of needs in Ethiopia.

    By Blogger Genet, at 1:17 AM  

  • My perspective is different, In order for the country to develop, any body who help by any means should be appreciated. some how we are lucky to have kind of person like Al amoudi for not his rank in the world, but for his large contribution to the country economy.some people argue that his target is exploting the gold, he lavishely spend his money to woman or rich(some time to bribe gov official). I don't care this is true or false. Where ever he spend he is able to make a difference for more than 60,000 "working" ethiopia. and also encourage other invester to come in to ethiopia. so let's forget about the negative side and work on the postive side. we are already is the negative side if we add another negative ..we never even able rich 0.(think about it)

    By Blogger Eyob, at 9:56 PM  

  • Its really wonderful truth that an Ethiopian is in the list of Richest people on planet.May Allah bless this old man to do something for Ethiopians.

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