What is Mohammed Al-Amoudi's Net Worth?
Mohammed Al-Amoudi, born in Dessie, Ethiopia, is recognized as one of the richest black individuals globally. His net worth is estimated to range between $6 billion and $12 billion. Al-Amoudi's wealth originates from a diversified business portfolio, including construction, real estate, and oil refineries. He began his business ventures in 1974 and remains an active entrepreneur.
Initially, Al-Amoudi built his fortune through construction and real estate development in Saudi Arabia. He subsequently expanded his investments, creating a business empire encompassing mining and oil interests across Ethiopia, Sweden, and Morocco. Annually, his conglomerate generates billions in revenue.
Al-Amoudi's business interests in Ethiopia are particularly notable, as he controls 70% of the country's oil production and produces 4 tons of gold each year. After spending his early years in the town of Woldia, Al-Amoudi emigrated to Saudi Arabia with his brother. Today, he resides between London and Saudi Arabia.
Al-Amoudi is married to Soniat Saleh Selassie Al-Amoudi, and they have eight children together, forming a close-knit family that supports his extensive business endeavors.
