Mohammed Al Moudi (No. 3)

	Net Worth	$11.50 bn
	Age	67
	Source of Wealth	Energy
	Marital Status	Married

 

Sheikh Mohammed Hussein Ali Al Amoudi (Ge'ez:, Arabic: محمد حسين العمودي; born 1944/1945) is a Saudi Arabian/Ethiopian businessman and billionaire who lives in Ethiopia and Riyadh, Saudi Arabia. As of 2011, Forbes has estimated his net worth 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. As of March 2013, Forbes ranked Al Amoudi as the second richest black person in the world. 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.

There’s no sign of 67-year-old Mohammed Al Amoudi letting up – only this October he signed a deal with an Italian firm to build an $800m steel factory in Ethiopia.
One of the Arab world’s most successful businessmen, Al Amoudi’s father is Hadhrami Yemeni and his mother is Ethiopian. He immigrated to Saudi Arabia in 1965 and became a Saudi citizen. His wife is Sofia Saleh Al Amoudi who is a shareholder of Midroc Construction.
He is said to be the largest foreign investor in both Sweden and Ethiopia. He holds an Honorary Doctorate in Philosophy from the Addis Ababa University and has been honoured with the Order of the Polar Star by King Carl XVI Gustaf of Sweden.
Al Amoudi made his first fortune in construction and real estate before branching out into buying oil refineries in Morocco and Sweden — where he was honoured with the Royal Swedish Order of the North Star by King Carl XVI — and his native Ethiopia. His holding and operating companies, Corral Group and the Midroc Group, employ more than 40,000 people. Corral Group has an investment portfolio in Europe and the Middle East that includes Preem Petroleum, the largest integrated petroleum firm in Sweden, Svenska Petroleum & Exploration, SAMIR, Naft Services Company (Saudi Arabia) and Fortuna Holdings (Lebanon).