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9 of the World’s 11 Black Billionaires Are African. Here They Are | [3 out of the 11 are Women]

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#2:. Mohammed Al-Amoudi, $10.9 billion – Construction, Oil

Ethiopian/Saudi Arabian, Oil Son of a Saudi father and Ethiopian mother, Al-Amoudi was born in Ethiopia in 1946.

He made his first fortune in construction in Saudi Arabia. He owns a significant stake in the National Oil Company of Ethiopia.

In Ethiopia he also invested in gold mining, agriculture and cement production. Outside Ethiopia, he owns oil fields off the West African coast and oil refineries in Sweden and Morocco.


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