Wednesday, November 28, 2035

Mohammed Al Amoudi-Black Billionaires

Born: 1946, Dessie, Ethiopia

Company: Corral Petroleum Holdings, MIDROC Ethiopia

Position: Chairman

Industry: Petroleum

Country: Saudi Arabia, Ethiopia

Mohammed Al Amoudi, is Ethiopia's richest man and the richest black person in the world, with a net worth of $9 billion.

Mr. Al Amoudi owns a broad portfolio of businesses in oil, mining, agriculture, hotels, hospitals, finance, operations and maintenance.

He owns Swedish refinery Preem as well as Svenska Petroleum, which made big plays in Guinea-Bissau, Nigeria and Angola in 2008.

Mr. Al Amoudi has invested more than $1 billion in Ethiopia. He controls his vast business conglomerate through two holding and operating companies, Corral Petroleum Holdings and MIDROC. His companies employs over 40,000 people through these companies.

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

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