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Despite ranking only 29th in Africa by economic wealth, Ethiopia is a land of riches for thousands. Ethiopia is home to about million people. However, less than 3, are ultra-high net-worth individuals. Despite ranking only 29th in Africa by living standards and economic wealth, Ethiopia is a land of riches for thousands. It ranks fourth for private wealth held by individuals.

Ethiopia has only one billionaire, multimillionaires and 3, ultra-high net-worth individuals.

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According to research conducted by Billionaires. Africa, here is a list of some of these wealthy people. The billionaire owns Svenska Petroleum, Midroc Europe a construction and property group and Preem his most valuable asset through the wholly-owned Petroswede AB. He also owns a percent stake in Crunchfish AB, a Swedish technology company that develops gesture recognition.

In recent times, Al-Amoudi has tightened his grip on his hotel business following the appointment of one of his sons-in-law to the board of Midroc Gold, whose portfolio includes the Sheraton hotels in Djibouti and Addis Ababa. Samuel Tafesse is one of the most famous businessmen in Ethiopia.