Skip to content
Al-Amoudi’s net worth has jumped from $9.12 billion on April 26 to $9.31 billion as of this report. This translates to an average daily gain of $10 million since April 26.
This follows a $320-million gain in Al-Amoudi’s net worth between March 28 and April 12.
Al-Amoudi derives a significant portion of his wealth from his stake in Preem, which surged from $3.74 billion on Jan. 1 to $3.88 billion recently.
The recent uptick in his fortune is mainly credited to the strong performance of his broad industrial investments in Sweden, Saudi Arabia, and Ethiopia.
Ethiopia’s richest man Mohammed Al-Amoudi’s net worth has declined by $100 million in just six days, the latest setback in a string of wealth declines.
Al-Amoudi’s fortune has dwindled from $9.29 billion on Feb. 25 to $9.13 billion.
For Mohammed Al-Amoudi, this potential deal represents an opportunity to derive further value from his investments in the oil and gas industry.
The surge in his fortune propels Al-Amoudi to 259th place on the prestigious list of the world’s 500 wealthiest billionaires.
Zemen Bank, established in 2008, has emerged as a key player in Ethiopia’s financial services industry.
The primary driver behind this surge is attributed to the robust performance of his diverse industrial assets across Sweden, Saudi Arabia, and Ethiopia.
Ismail Ahmed is more than just a titan of the fintech industry. He’s a visionary leader, a philanthropist, and a testament to the power of perseverance.
Ahmed’s dedication to financial inclusion transcends the confines of Zepz, positioning him as a true agent of change on the international stage.
Duale emphasized that this move aligns with the vision for a tech-driven future, positioning the region for increased foreign investment and a flourishing tech scene.
The $3.6-billion surge in Al-Amoudi’s fortune represents a daily average gain of $10 million throughout the year.
The primary driver behind this surge is attributed to the robust performance of his diverse industrial assets across Sweden, Saudi Arabia, and Ethiopia.
Forbes acknowledged Ashenafi’s financial prowess in 2017, listing him among the wealthiest individuals in Ethiopia.