Al-Amoudi derives the majority of his wealth from Preem, Sweden's largest oil refiner, and Svenska.
Duale is known for his charitable donations and habit of assisting Somalis in times of need.
Al-Amoudi derives the majority of his fortune from Preem and Svenska Petroleum Exploration.
Zepz reported a loss of $151 million at the end of its fiscal year in 2021.
Under the leadership of Duale, Dahabshiil has grown into the largest money transfer business in Africa.
The decline in his net worth brings his year-to-date wealth loss to $1.61 billion.
Al-Amoudi still remains Ethiopia's richest man and one of Africa's wealthiest businessmen.
Diaspora remittances are a lifeline for many people in the Horn of Africa
His net worth fell in the first two weeks of August by $140 million.
The increase in his net worth follows a $1-billion wealth loss in the first half of 2022.