Profile of Honorable Dr. Sheik Mohammed Hussein Al-Amoudi

Africans in general and Ethiopians in particular have produced one of the richest persons in the world. Sheik Dr. Mohammed Al-Amoudi is the richest man in Africa and one of the richest people in the Middle East. This by all standards is a remarkable and extraordinary achievement for the great son of Ethiopia and Saudi Arabia.
Mohammed Al-Amoudi and Oprah Winfrey are the only Black People on the list of billionaires. BET founder Bob Johnson is not even on the list. That makes Al-Amoudi the Richest Black Man on the Planet.
According to Forbes Sheik Al-Amoudi is worth 6.9 billion dollars. Nevertheless, according to some analysts the Sheik who is known for his extreme modesty is estimated to be worth more than double that amount which would put him on a much higher rank than is suggested by the magazine.
In fact, some people who are close to him estimate the wealth of the Saudi-Ethiopian tycoon at around 20 billion dollars.
2005 and 2006 were great years for Sheik Mohammed Al-Amoudi. In 2005 alone his net worth had increased by an impressive 4.4 billion dollars. Could it be the oil boom? 20 billion reasons to smile.
Ethiopia should be proud of not only as the home of Lucy and cradle of humanity but also as a home and birth place of the richest black human being in the world whose multi-faceted investments are found in not only Africa (Ethiopia, Morocco, Libya, Equatorial Guinea, South Africa, Uganda etc.) but also in Europe (Sweden, Norway, the UK etc.). The sheiks investments are also to be found in North America, Asia and in virtually every nook and cranny of the world.
Born in Ethiopia but raised in Ethiopia and Saudi Arabia, Al-Amoudi made his fortune in construction and real estate before betting on Swedish and Moroccan oil refineries. His Svenska Petroleum conducts oil exploration from the Nordic shelf to the Ivory Coast. He is the largest private investor in Ethiopia, putting money into such diverse assets as hotel, gold mines and food processing plant.
Forbes pinned down 946 billionaires, including 178 newcomers and 17 who climbed back into the ranks after being absent for a year or more. Two-thirds of last year’s billionaires are richer. Only 17% are poorer, including 32 who fell below the billon-dollar mark. The billionaires’ combined net worth climbed by $900 billion to $3.5 trillion. Russia now has 53 billionaires (2 shy of German’s total), but they are worth $282 billion ($37 billion more than Germany’s richest).
Sheik Mohammed Hussein Ali Al-Amoudi is also leading investor in Ethiopia. He leads the pace not only in terms of a massing wealth, but is also armored with the conviction stamp out the deep rooted and centuries old poverty from his beloved, Country. He once said,” I am the son of Ethiopia. Ethiopia is unique for me. And Mother needs special care.”
True to his words, he is doing all that he can for his country. He has over 30 companies which have transformed the lives of many Ethiopians. 15,000 Ethiopians and their families have got job opportunities.
Sheik Mohammed Al-Amoudi is a very generous and visionary person. Apart from running the aforementioned companies, he does many gracious activities aimed at changing the lives of people not only in Ethiopia, but also in the continent of Africa and the World at large. He has multi-billion dollar investments in Saudi Arabia and in Sweden, which testify to his profile as one of the world’s leading black billionaires and entrepreneurs.
As mentioned above, Sheik Al-Amoudi has opened job opportunities for 15,000 citizens by investing in many segments of the Ethiopian economy. His investment in the county of his birth covers a number of sectors including trade, agriculture, manufacturing, health, construction, infrastructure development etc. His involvement in business is based on healthy competition in the private sector so as to ensure a well phased out knowledge-based economic development in Ethiopia.
Sheik Mohammed Hussein Ali Al-Amoudi, chairman and owner of MIDROC Ethiopia, and lover of his country and his people, has received numbers awards for his super achievements in investment throughout the world.
His Majesty King Carl XVI Gustaf of Sweden bestowed, the ‘Insignia of commander, First class, of the Royal, order of the polar star upon Sheik Mohammed or April 10, 2007, in Stockholm, Sweden. MIDROC
The Sheik also received a leading investor Medal from His majesty king Carl XNI Gustaf of Sweden renamed as “Insignia of commander, First class, of the Royal Order of the polar star’ in 2002
The Sheik is also a winner of many international recognitions and Doctoral Degrees.
Over the past ten years, MIDROC has been expanding its investments in Sweden and many parts of the World.