7 companies owned by Ethiopia’s richest man, Mohammed Al-Amoudi
As one of the largest investors in Sweden, Al-Amoudi owns Preem, Svenska Petroleum Exploration, and Midroc Europe.
As one of the largest investors in Sweden, Al-Amoudi owns Preem, Svenska Petroleum Exploration, and Midroc Europe.
The recent upswing in Al-Amoudi’s wealth follows a temporary exit from the Bloomberg Billionaires Index.
Despite the decrease in his net worth, Al-Amoudi remains a prominent figure in the Middle East and Africa.
Al-Amoudi holds the 500th spot on the Bloomberg Billionaires Index, with a net worth of $5.05 billion.
Al-Amoudi’s net worth has risen by $160 million from $5.16 billion on March 16 to $5.32 billion on May 3.
Al Amoudi’s stake in Preem has lost almost $700 million this year.
Al-Amoudi is worth $5.62 billion at the time of writing.
Al-Amoudi is worth $5.57 billion, making him the 470th richest man in the world.
Al-Amoudi is now ranked 443rd on the Bloomberg Billionaires Index.
Al-Amoudi derives the majority of his wealth from Preem, Sweden’s largest oil refiner, and Svenska.
Al-Amoudi derives the majority of his fortune from Preem and Svenska Petroleum Exploration.
The decline in his net worth brings his year-to-date wealth loss to $1.61 billion.
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.
Al-Amoudi has lost his position as Africa’s sixth-richest man to Nigerian billionaire Mike Adenuga.
His net worth fell after Preem, Sweden’s largest oil refiner, reported a 31-percent drop in revenue.