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Saudi Arabian/Ethiopian businessman and billionaire, Mohammed Al-Amoudi has an estimated net worth of $8.35 billion in May 2019. The son of Saudi father and Ethiopian mother, Al Amoudi started investing in Sweden in the 1970s. His construction company Midroc scored a contract to build Saudi Arabia’s nationwide underground oil storage complex in 1988; estimated $30 billion project solidified his fortune. Mohammed Al-Amoudi is the richest black person in the world. He has been investing in Ethiopia since the late 1980s.
Earnings & Financial Data
Date | Category | Description | Amount |
|---|---|---|---|
2011 | Asset | Value of his investment in Ethiopia through his MIDROC Ethiopia Investment Group to be ploughed into agriculture, cement, steel, transport and hospitality | $3,400,000,000 |
2011 | Asset | Value of his investment in two major Saudi industrial projects (Ras Al Khair and Jubail Industrial City) | $1,070,000,000 |
2011 | Asset | Value of the investment through Saudi Star Agricultural Development Plc in Ethiopian rice projects | $2,500,000,000 |
2010 | Earnings | Profit from MIDROC Ethiopia | $70,000,000 |
1993 | Asset | Value of his acquisition in Sweden’s largest integrated energy company, OK Petroleum, which was subsequently renamed Preem Petroleum | $750,000,000 |