Top 10 Richest Ethiopians and Their Successful Companies in 2020


3. Tekleberhan Ambaye 

Tekleberhan Ambaye Construction Plc.

Tekleberhan Ambaye (Eng) began his rise to greatness in 1993, registering his self named TACON or Tekleberhan Ambaye Construction Plc., with the initial capital of 5,000 ETB or 185 USD. 

The company today employs over 2,500 people with a dozen projects with contract values in the range of 5,000,000,000 ETB or 186,000,000 USD.

Tekleberhan has also opened up Edna Mall, housing a modern movie theater, and one of only two countries in Africa that receive Hollywood movies directly upon their release.


His company TACON was also the first Ethiopian construction company to qualify for the International Standardization Organization or ISO. Tekleberhan Ambaye is an industry leader and one of Ethiopia’s richest men.

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