Mohammed Al Amoudi

$8.10 B

Ranked #159 in World

About Mohammed Al Amoudi

Renowned billionaire Mohammed Hussein Ali Al Amoudi, born in 1946 in Ethiopia and later becoming a Saudi citizen, has made a significant mark with an estimated net worth of $10.9 billion in 2016, stemming largely from his ventures in construction, real estate, and the oil industry. Al Amoudi, leading through Corral Petroleum Holdings and MIDROC, encompasses a vast business spectrum, including energy, agriculture, and healthcare. Highlighting his influential stake, in 1988 he secured a contract for Saudi Arabia's underground oil storage complex and has since expanded his influence in Ethiopia with notable investments in diverse sectors such as mining and agriculture. A supporter of health and sports globally, Al Amoudi has consistently been listed among Forbes' 100 richest since 2006, showcasing his impactful contributions and strategic business acumen.

Born

June 01, 1946 in Dessie, Wollo Province, Ethiopian Empire

Age

79 years

Source Of Wealth

Oil, Diversified

Industries

Energy

Citizenship

Saudi Arabia

Residence

Jeddah

Spouse

Sofia Saleh Al Amoudi

Children

Mohammed Hussein Ali Al Amoudi was born in 1946 in Dessie, Ethiopia, to a Yemeni father and Ethiopian mother. He was raised in Weldiya, Ethiopia, where he spent his early years.

Mohammed Al Amoudi: Family

Al Amoudi is married to Sofia Saleh Al Amoudi, a Saudi citizen and shareholder of MIDROC Construction. Together, they have eight children.

Mohammed Al Amoudi: Career Highlights

Al Amoudi's career is marked by significant achievements in various industries. Here are some highlights:

Won a contract to build Saudi Arabia's nationwide underground oil storage complex in 1988.
Owns oil refineries in Morocco and Sweden and is involved in energy exploration and production in West Africa.
Has significant investments in Ethiopia, including MIDROC Ethiopia, which operates in various sectors.
Involved in gold mining, steel production, tyre manufacturing, cement production, and agriculture.
Plans to develop up to 500,000 hectares of Ethiopian land for sugar, edible oil, and grain production.

Mohammed Al Amoudi: Companies

Al Amoudi owns a broad portfolio of businesses in various sectors through two conglomerate holding companies: Corral Petroleum Holdings and MIDROC.

Mohammed Al Amoudi: Major Achievements

Al Amoudi's major achievements include:

Building Saudi Arabia's nationwide underground oil storage complex.
Owning oil refineries in Morocco and Sweden.
Significant investments in Ethiopia, including MIDROC Ethiopia.
Involvement in various industries such as gold mining, steel production, tyre manufacturing, cement production, and agriculture.
Plans to develop up to 500,000 hectares of Ethiopian land for agricultural production.

Mohammed Al Amoudi: Awards & Achievements

Al Amoudi has received several awards and recognitions, including:

Ranked among the 100 richest people by Forbes since 2006.
Honored with the Order of the Polar Star by King Carl XVI Gustaf of Sweden.

Mohammed Al Amoudi: Personal Life & Legacy

Al Amoudi is known for his philanthropic efforts, particularly in the areas of healthcare and sports. He has committed funds to support these sectors in Saudi Arabia, the US, Europe, and Africa.

Mohammed Al Amoudi: Trivia

Al Amoudi sponsored the CECAFA Cup football tournament and supports Ethiopian Premier League Club Saint George S.C.

He initiated defamation actions against Elias Kifle of the Ethiopian Review for publishing false information.

Wealth History

Timeline

1946

Mohammed Hussein Ali Al Amoudi was born in Ethiopia to a Yemeni father and Ethiopian mother.

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Migrated to Saudi Arabia with his brother and became a Saudi citizen.

1988

Won a contract to build Saudi Arabia's nationwide underground oil storage complex.

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Owns oil refineries in Morocco and Sweden, and is involved in energy exploration and production in West Africa.

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Has significant investments in Ethiopia, including MIDROC Ethiopia, which operates in various sectors.

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Involved in gold mining, steel production, tyre manufacturing, cement production, and agriculture.

N/A

Plans to develop up to 500,000 hectares of Ethiopian land for sugar, edible oil, and grain production.

N/A

Committed funds to support healthcare and sports in Saudi Arabia, the US, Europe, and Africa.

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Sponsored the CECAFA Cup football tournament and supports Ethiopian Premier League Club Saint George S.C.

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Initiated defamation actions against Elias Kifle of the Ethiopian Review for publishing false information.

2006

Ranked among the 100 richest people by Forbes since 2006.

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Honored with the Order of the Polar Star by King Carl XVI Gustaf of Sweden.

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Born in Dessie, Ethiopia, and raised in Weldiya.

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Emigrated to Saudi Arabia and became a Saudi citizen.

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Married to Sofia Saleh Al Amoudi, a Saudi citizen and shareholder of MIDROC Construction.

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Has eight children.

Mohammed Al Amoudi : FAQs

What is Mohammed Al Amoudi's net worth?

As of 2017, Mohammed Al Amoudi's net worth was $8.10 billion.

What are Mohammed Al Amoudi's main sources of wealth?

Mohammed Al Amoudi's main source of income comes from Oil, Diversified.

In which industry does Mohammed Al Amoudi primarily operate?

Mohammed Al Amoudi is primarily involved in the Energy industry.

How old is Mohammed Al Amoudi?

Mohammed Al Amoudi is 79 years old.

How many children does Mohammed Al Amoudi have?

Mohammed Al Amoudi has 8 children.

Who is Mohammed Hussein Ali Al Amoudi and what is his background?

Mohammed Hussein Ali Al Amoudi, born in 1946 in Ethiopia to a Yemeni father and an Ethiopian mother, is a prominent businessman recognized for his extensive portfolio across various sectors. Having migrated to Saudi Arabia and becoming a Saudi citizen, Al Amoudi has accumulated a significant fortune, primarily through ventures in construction, real estate, and oil refineries.

What are the main business interests of Mohammed Hussein Ali Al Amoudi?

Mohammed Hussein Ali Al Amoudi owns a vast portfolio of businesses through his conglomerate holding companies, Corral Petroleum Holdings and MIDROC, spanning construction, energy, agriculture, mining, hotels, healthcare, and manufacturing. He's notably involved in oil refineries in Morocco and Sweden and energy exploration in West Africa.

What significant contributions has Mohammed Hussein Ali Al Amoudi made in Ethiopia?

Al Amoudi has made substantial investments in Ethiopia, notably through MIDROC Ethiopia, engaging in sectors such as gold mining, steel production, tyre manufacturing, cement production, and agriculture. He has also committed to developing up to 500,000 hectares of land for the production of sugar, edible oils, and grains in Ethiopia.

How has Mohammed Hussein Ali Al Amoudi contributed to sports and healthcare?

Mohammed Hussein Ali Al Amoudi has significantly contributed to sports and healthcare, sponsoring the CECAFA Cup football tournament, supporting the Ethiopian Premier League club Saint George S.C., and allocating funds to improve healthcare in Saudi Arabia, the US, Europe, and Africa.

What accolades and recognitions has Mohammed Hussein Ali Al Amoudi received?

Mohammed Hussein Ali Al Amoudi has been recognized for his contributions and business success, being ranked among the world's 100 richest people by Forbes since 2006 and honored with the Order of the Polar Star by King Carl XVI Gustaf of Sweden.