Mohammed Al Amoudi

By: Errol Mars
Born: 1946, Dessie, Ethiopia; Position: Chairman; Company: Corral Petroleum Holdings, MIDROC Ethiopia; Industry: Petroleum; Country: Saudi Arabia, Ethiopia

Mohammed Al Amoudi, is Saudi Arabia second richest, Ethiopia's richest and the second richest black person in the world, with a net worth of $15.3 billion (March 2014).

Mr. Al Amoudi owns a broad portfolio of businesses in oil, mining, agriculture, hotels, hospitals, finance, operations and maintenance.

He owns Swedish refinery Preem as well as Svenska Petroleum, which made big plays in Guinea-Bissau, Nigeria and Angola in 2008.

Mr. Al Amoudi has invested more than $1 billion in Ethiopia. He controls his vast business conglomerate through two holding and operating companies, Corral Petroleum Holdings and MIDROC. His companies employs over 40,000 people through these companies.

Mr. Al Amoudi holds an honorary doctorate in Philosophy from Ethiopia's Addis Ababa University.


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