Mohammed Hussein Al Amoudi has an estimated net worth of $12.5 billion
Mohammed Hussein Al Amoudi is a Saudi Arabian-Ethiopian businessman with an estimated net worth of $12.5 billion. Sheikh Mohammed Hussein Ali Al Amoudi was born on July 21, 1946 in Dessie, Ethiopia to a Saudi Arabian father and Ethiopian mother. He was raised in in Woldia, Ethiopia’s market town. At the age of 19, Al Amoudi moved to Saudi Arabia.
Al Amoudi made his fortune in real estate and construction before expanding to buying oil refineries in Sweden and Morocco. Sheikh Mohammed Hussein Ali Al Amoudi owns two conglomerate holding and operating companies, Corral Petroleum Holdings and MIDROC. The companies boast a broad portfolio os businesses in mining, oil, agriculture, hotels, hospitals, finance, operations, and maintenance. He employs over 40,000 people. Al Amoudi recently pledged to invest $275 million through MIDROC to help finance a factory to build Saudi Arabia’s first car, the Gazal-1.
Sheikh Mohammed Hussein Ali Al Amoudi is the richest person in Ethiopia and the second richest black person in the world. His Addis Ababa Sheraton is recognized as one of the premier hotels on the continent of Africa.
Sheikh Mohammed Hussein Ali Al Amoudi is known for his philanthropy. He has donated funds to support healthcare and sports in Saudi Arabia, Africa, Europe, and the United States. He also funded breast cancer research at King Abdulaziz University. At the 19th Arab Economic Forum Summit in 2011, Al Amoudi was honored for his achievements in economics and philanthropy.
Mohammed Hussein Al Amoudi has enough net worth to buy:
1. 168,918.9 BMW 7 Series Sedans ($74,000 each)
2. 1,855,976.2 Monique Pean Atelier Pave Diamond & Fossilized Mammoth Drop Earrings ($6,735 a pair)
3. 248,558.36 Mercedes benz M-Class SUVs ($50,290 each)
Mohammed Hussein Al Amoudi has enough net worth to give everyone in China $9.17
