Ethiopian billionaire Mohammed Al-Amoudi rakes in $160 million
Al-Amoudi’s net worth has risen by $160 million from $5.16 billion on March 16 to $5.32 billion on May 3.
Mohammed Al-Amoudi
Ethiopian billionaire Mohammed Al-Amoudi suffers $460-million setback following weeks of wealth gains
Al Amoudi’s stake in Preem has lost almost $700 million this year.
Ethiopian billionaire Mohammed Al-Amoudi’s net worth soars by $161 million
Al-Amoudi is worth $5.62 billion at the time of writing.
Meet seven African billionaires absent from Forbes’ 2023 billionaires list
The total number of African billionaires stands at 26.
Ethiopia’s wealthiest man Mohammed Al-Amoudi gains $111 million in 34 days
Al-Amoudi is worth $5.57 billion, making him the 470th richest man in the world.
Ethiopia’s wealthiest man Mohammed Al-Amoudi experiences billion-dollar loss in 2022
Al-Amoudi remains one of the wealthiest individuals in Africa.
Ethiopia’s richest man Mohammed Al-Amoudi gains $420 million in 11 weeks
Al-Amoudi is now ranked 443rd on the Bloomberg Billionaires Index.
Ethiopian billionaire Mohammed Al-Amoudi gains $340 million in 51 days
Al-Amoudi derives the majority of his wealth from Preem, Sweden’s largest oil refiner, and Svenska.
Ethiopian billionaire Mohammed Al-Amoudi gains $130 million in 30 days
Al-Amoudi derives the majority of his fortune from Preem and Svenska Petroleum Exploration.
Ethiopian billionaire Mohammed Al-Amoudi’s net worth slumps by $520 million in September
The decline in his net worth brings his year-to-date wealth loss to $1.61 billion.
Ethiopia’s richest man Mohammed Al Amoudi has now lost $1.45 billion so far in 2022
Al-Amoudi still remains Ethiopia’s richest man and one of Africa’s wealthiest businessmen.
Ethiopian billionaire Mohammed Al Amoudi’s wealth slumps after earning $230 million in July
His net worth fell in the first two weeks of August by $140 million.
Ethiopia’s wealthiest man Mohammed Al-Amoudi gains $230 million in July; net worth nears $6 billion
The increase in his net worth follows a $1-billion wealth loss in the first half of 2022.
Ethiopia’s richest man Mohammed Al-Amoudi loses nearly $1 billion this year
Al-Amoudi has lost his position as Africa’s sixth-richest man to Nigerian billionaire Mike Adenuga.
Ethiopian billionaire Mohammed Al-Amoudi falls from world’s 367th to 406th richest man
His net worth fell after Preem, Sweden’s largest oil refiner, reported a 31-percent drop in revenue.
Ethiopia’s richest man Mohammed Al-Amoudi has now lost over $1.9 billion in one year
The drop in the Ethiopian billionaire’s net worth can be attributed to a fall in the collective valuation of his industrial assets in Sweden, Saudi Arabia, and Ethiopia.