What is Mohammed Al-Amoudi's Net Worth?

Mohammed Al Amoudi is an Ethiopian born businessman who is one of the richest black people in the world. Mohammed Al Amoudi's net worth has been listed as low as $6 billion and as high as $12 billion in recent years. Mohammed Al Amoudi earned his net worth through his construction, real estate, oil refineries and other business ventures. He was born in Dessie, Ethiopia and has been making business deals since 1974 and is still active. Mohammed Al-Amoudi made his first fortune in Saudi Arabian construction and real estate. He parlayed this money into an empire that includes mining and oil interests in Ethiopia, Sweden and Morocco.

All told, his conglomerate brings in billions in revenue each year. Mohammed Al-Amoudi Net Worth controls 70% of Ethiopia's oil and produces 4 tons of gold each year. Mohammed Al Amoudi was born in the Ethiopian city of Dessie and raised in a town called Woldia. He eventually emigrated to Saudi Arabia with his brother. Today he splits his time between London and Saudi Arabia. Mohammed Al Amoudi is married to Soniat Saleh Selassie Al Amoudi and together they have eight children.

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