Mohammed Al Amoudi Ranked 159th In 2017 Forbes List


Mohammed Al Amoudi, son of a Saudi father and an Ethiopian mother, who has accumulated a portfolio of construction, agriculture, and energy companies across Sweden, Saudi Arabia and Ethiopia, ranked 159th billionaire in Forbes 2017 list. He made his initial fortune in construction in Saudi Arabia.

According to Forbes Al Amoudi current net worth stands at 8.1 billion dollar which is 300 million dollar loss compared to his 2016 net worth. Since 2014 Al Amoudi has shown a significant drop in his net worth in which he lost more 6.7 billion dollar between the year 2014-2017. Much of the loss occurred due to the drop in global oil price which he is actively engaged in.

Al Amoudi made his initial fortune in construction in Saudi Arabia. One of his most valuable assets is oil refiner Preem, which bills itself as the largest fuel company in Sweden. In Ethiopia he has invested in agriculture, cement production and gold mining. His firm Saudi Star Agricultural Development has cultivated thousands of acres of land for fruits, vegetables, cereals, coffee, tea, flowers and rice fields for customers in Ethiopia and abroad.

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