Mohammed Al Amoudi Net Worth is$9 Billion
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Profession: Business magnate, Philanthropist, Businessperson
Date of Birth: 1946
Nicknames: Sheikh Mohammed Hussein Ali Al Amoudi, Mohammed Hussein Ali Al Amoudi
Country: Saudi Arabia
Mohammed Al Amoudi, a businessman in Ethiopia/Saudi Arabia has a net worth of $10 billion. Mohammed Al Amoudi earned his net worth through his construction, real estate, oil refineries and other business ventures. He was born in Dessie, Ethiopia and has been making business deals since 1974 and is still active.
Sheikh Mohammed Hussein Ali Al Amoudi (Ge'ez: ???? ?????, Arabic: ???? ???? ???????; is a Saudi Arabian/Ethiopian businessman and billionaire who lives in Ethiopia and Riyadh, Saudi Arabia. As of 2011, his net worth has been estimated by Forbes at $12.3 billion, making him the 63rd richest person in the world. This listing also ranks him as the richest person in Ethiopia and the second richest Saudi Arabian citizen in the world. According to Forbes, as of March 2012[update] Al Amoudi is the richest black person in the world, having surpassed Aliko Dangote.
Al Amoudi made his fortune in construction and real estate before branching out to buy oil refineries in Sweden and Morocco. He is said to be the largest foreign investor in both Sweden and Ethiopia.
Al Amoudi was born in Ethiopia of a Hadhrami Yemeni father and an Ethiopian mother. He grew up in Ethiopia, before immigrating to Saudi Arabia when he was 19 and becoming a Saudi citizen.
Al Amoudi's construction company consortium, Mohammed International Development Research and Organization Companies, also known as MIDROC, won an important contract to build Saudi Arabia's estimated $30 billion nationwide underground oil storage complex in 1988. MIDROC acquired Yanbu Steel in Saudi Arabia in 2000.
In addition to his substantial business interests in Ethiopia, he also owns oil refineries in Morocco and Sweden and is engaged in energy exploration and production off West Africa and elsewhere. His Addis Ababa Sheraton is said to be among the finest hotels in Africa.
Al Amoudi owns a broad portfolio of businesses not only in oil but also in mining, agriculture, hotels, hospitals, finance, operations and maintenance. His businesses are largely to be found within two conglomerate holding and operating companies, Corral Petroleum Holdings and MIDROC, both which he owns and manages. He employs over 40,000 people through these companies.
He has recently pledged US$275 million alongside other Saudi and South K

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Mohammed Al Amoudi Latest News

Saudi corruption purge snares $33 billion of net worth in Riyadh

Mohammed Al Amoudi, $10.1 billion Controls an empire that has investments across Africa, Europe and Saudi Arabia. Born in Ethiopia to a Saudi father and Ethiopian mother. Moved to Saudi Arabia as a young man and made his first billion in the late 1980s ...
Posted: November 7, 2017, 2:43 am

Dangote Only African Among Bloomberg’s 50 Most Influential Persons in 2017

He surpassed Saudi-Ethiopian billionaire Mohammed Hussein Al Amoudi in 2013 by over $2.6 billion to become the world’s richest person of African descent.
Posted: December 7, 2017, 6:22 pm

Saudi Prince released after $1 billion deal, says official

The list included billionaire Prince Alwaleed bin Talal, the king’s nephew, as well as billionaire Mohammed Al Amoudi, officials have said. The official who confirmed Prince Miteb’s release said the public prosecutor has the complete authority over the ...
Posted: November 29, 2017, 1:55 am
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