Al-Amoudi has lost his position as Africa’s sixth-richest man to Nigerian billionaire Mike Adenuga.
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Mohammed Al-Amoudi
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His net worth fell after Preem, Sweden’s largest oil refiner, reported a 31-percent drop in revenue.
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The drop in the Ethiopian billionaire’s net worth can be attributed to a fall in the collective valuation of his industrial assets …
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The mogul controls valuable assets in Sweden, Saudi Arabia and Ethiopia, and is Ethiopia’s richest man.
- Horn of Africa
Ethiopia’s richest man Mohammed Al-Amoudi’s net worth slumps by $268 million since start of 2022
With a fortune of $6.45 billion, Al-Amoudi is one of Africa’s richest men and the wealthiest man in Ethiopia.
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Al-Amoudi, who is the wealthiest man in Ethiopia, has a net worth of $6.71 billion.
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Al-Amoudi’s $7.05-billion net worth makes him the richest man in Ethiopia, and one of the wealthiest men in Africa.
- Hot News
Ethiopian billionaire Mohammed Al-Amoudi gains $360 million in 21 days after losing $530 million between July and September
His $7.2-billion fortune is derived from closely held companies such as Preem, Svenska Petroleum and Midroc Europe.
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The founder of Sweden’s largest oil refiner has seen his net worth fall from $8.76 billion to $7.31 billion.
- Hot News
Ethiopia-born billionaire Mohammed Al-Amoudi’s net worth declines by $850 million in 53 days
Al-Amoudi’s net worth has dropped from $7.56 billion to $7.54 billion since the start of the year.
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