Mohammed Hussein Al Amoudi Quotes

Ethiopia, Businessman
July 21, 1946

Mohammed Hussein Ali Al-'Amoudi is a Saudi billionaire businessman. He was born in Ethiopia in 1946 to a Yemeni father and an Ethiopian mother. In 2016, his net worth was estimated by Forbes at approximately $10.9 billion and a relative fall in net value was linked to the global fall in oil and gold prices at the time of estimation. He was also listed as Ethiopia's richest man, the second richest Saudi Arabian citizen in the world and the second richest black person in the world. Al Amoudi made his fortune in construction and real estate before branching out to buy oil refineries in Sweden and Morocco. He is the largest individual foreign investor in Ethiopia and a major investor in Sweden.

Football is a personal interest which has been turned into a philanthropic initiative directed at encouraging social cohesion during the difficult process of African modernisation.

Mohammed Hussein Al Amoudi
There is a natural link between the effective running of my businesses and the effective direction of philanthropic funds. I apply business principles to my philanthropic work so that maximum value is given to the causes I support.

Mohammed Hussein Al Amoudi
- Business
- Running
- Causes

I have strong interests in supporting sport, primarily football, and also in developing cultural relationships within national communities and their diasporas, with special reference to Ethiopia.

Mohammed Hussein Al Amoudi
I make a personal commitment to the direction and success of all the programs in which I invest. I make all major philanthropic decisions myself after taking account of a range of expert opinion.

Mohammed Hussein Al Amoudi