As of April 2026, Mohammed Al Amoudi is a hot topic. Specifically, Mohammed Al Amoudi Net Worth in 2026. The rise of Mohammed Al Amoudi is a testament to hard work. Let's dive into the full report for Mohammed Al Amoudi.
Mohammed Al Amoudi: A Comprehensive Biography
Full Name: Mohammed Hussein Ali Al Amoudi Date of Birth: 1946 Place of Birth: Dessie, Wollo Province, Ethiopian Empire Nationality: Saudi, Ethiopian
This episode, while turbulent, did not diminish his influence or halt his projects. Instead, it highlighted his ability to recover and maintain his stature in global markets, further solidifying his legacy as a determined and impactful entrepreneur.
In Ethiopia, Al Amoudi 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, contributing significantly to the country’s agricultural sector.
Charitable Work and Legacy
Al Amoudi’s philanthropic efforts are notable, particularly in Ethiopia. He has invested in various sectors, including agriculture, cement production, and gold mining, contributing to the country’s economic growth and development.
His wealth is primarily derived from his investments in construction, real estate, and the energy sector. Notably, his stake in Preem, Sweden’s largest energy company, has been a significant contributor to his fortune.
Legacy and Controversies
Though widely celebrated for his business acumen and philanthropy, Mohammed Al Amoudi’s career has not been without challenges. In 2017, he was detained during the Saudi anti-corruption crackdown. His detention sparked international media coverage, raising questions about his financial dealings. However, he was released in early 2019 without any formal charges, reaffirming his reputation among many as a resilient and respected businessman.
Early Life and Family Background
Mohammed Hussein Ali Al Amoudi was born in 1946 in Dessie, a city in Ethiopia’s Wollo Province. His father hailed from Hadhramaut in Yemen, and his mother was Ethiopian, providing him with a rich cultural heritage. He spent his formative years in the nearby town of Weldiya, where he was raised alongside his brother, Mauricet. In his youth, Al Amoudi emigrated to Saudi Arabia, where he and his brother became Saudi citizens.
By June 2024, his fortune had risen to $9.66 billion, driven by the robust performance of his diverse industrial assets.
In the early 1990s, Al Amoudi expanded his investments internationally. In 1994, he acquired Sweden’s OK Petroleum, which he later renamed Preem, establishing it as Sweden’s largest fuel company. By 1999, he had assumed control of Morocco’s two largest oil refineries, further solidifying his presence in the global energy sector.
Career Beginnings and Key Milestones
Al Amoudi’s entrepreneurial journey began in Saudi Arabia, where he ventured into construction and real estate. His initial success in these sectors laid the foundation for his expansive business empire. In 1988, he secured a significant contract to build underground oil storage facilities in Saudi Arabia, marking a pivotal point in his career.
Net Worth and Lifestyle
Al Amoudi’s net worth has seen significant fluctuations over the years. In 2016, Forbes estimated his net worth at approximately $10 billion, attributing a relative decline to global drops in oil and gold prices at that time.
Notable Works and Achievements
Al Amoudi’s business interests are diverse and span multiple industries. He is the owner and manager of Corral Petroleum Holdings and MIDROC (Mohammed International Development Research and Organization Companies), through which he has made significant investments in construction, agriculture, and energy across Sweden, Saudi Arabia, and Ethiopia.
Current Relevance and Recent Updates
As of June 2024, Al Amoudi’s net worth was estimated at $9.66 billion, nearing the $10 billion milestone he last achieved seven years prior. This resurgence in wealth is attributed to the strong performance of his industrial holdings across Ethiopia, Saudi Arabia, and Sweden, including his stake in Preem, which appreciated by $600 million in 2024 alone.
Future Plans and Impact on Culture
Al Amoudi’s return to Ethiopia in July 2024 signifies his ongoing commitment to the country’s development. His investments continue to play a pivotal role in Ethiopia’s economic landscape, particularly in agriculture and energy sectors.
Personal Life and Relationships
Al Amoudi is married to Sofia Saleh Al Amoudi, a Saudi citizen and shareholder of MIDROC Construction. Together, they have eight children. The family maintains residences in central London, Surrey, and Saudi Arabia, reflecting their international lifestyle.
In July 2024, Al Amoudi announced his return to Ethiopia after a departure in 2017, marking a significant moment in his personal and professional life.
His influence extends beyond business, impacting cultural and social spheres through his philanthropic initiatives and support for sustainable development. Mohammed Al Amoudi’s efforts in creating employment opportunities, promoting local industries, and improving infrastructure have cemented his legacy as a pivotal figure in Ethiopia’s modern history. His work in bridging Saudi and Ethiopian economic ties has also strengthened relations between the two nations.
In 2011, he was honored for his achievements in economics and philanthropy at the 19th Arab Economic Forum Summit, with special reference to his commitment to sustainable development.
Upcoming Projects and Future Aspirations
Moreover, Al Amoudi has expressed interest in fostering education and healthcare improvements in Ethiopia through additional philanthropic endeavors, showcasing his long-term vision for the country’s development.
Disclaimer: Mohammed Al Amoudi wealth data updated April 2026.
