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Top 15 Richest Ethiopians & Their Successful Companies in 2019

9. Eyob “Joe” Mamo 

richest ethiopians eyob joe mamo

Eyob Mamo left for the United States in 1981 as a young boy. His father, who owned Mamo Kacha a bus transport company in Addis Ababa, sent Eyob to a Dakota boarding school to protect him from the ruling military Derg government.

Today, Eyob also called Joe owns and runs the privately owned Capitol Petroleum Group which controls over 41 percent of gas stations in Washington D.C.

The enterprising Eyob buys his gas from refiners and then sells it to the operators of the stations he owns.

By 2011, Eyob’s company was valued at about 788,000,000 USD or 21,000,000,000 ETB. 

Eyob “Joe” Mamo is without a doubt a billionaire and one of Ethiopia’s riches individuals.

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