Al Amoudi becomes 77th richest person on earth
Addis Ababa, March 11,
2006 (WIC)- The Ethiopian born Saudi tycoon Mohammed Al Amoudi has become the 77th richest person in the world and the top billionaire in Africa with a net worth of 6.9 billion USD, according to Forbes magazine .In its special issue, the business magazine reported that the year 2005 was great for the tycoon with his net worth increasing by 4.4 billion USD, jumping to 77th rank from 243th the previous year.
It said Al Amoudi is also the richest person in Africa and the fourth in the Middle East as well as the Richest Black Man on the planet.
The tycoon is the largest private investor in Ethiopia putting money into diverse assets as hotel, gold mines and a food processing plant. His Svenshka Petroleum conducts oil exploration from the Nordic shelf to the Ivory Coast, it was learnt.
There are reportedly 793 billionaires in the world ,most of them Americans, and 78 women.
