Most Powerful

• #1 Haile Selassie
  Ethiopia Imperial SovereigntyPolitical World Wars and Midcentury State Power Power: 100
  Haile Selassie (1892–974) was an emperor of Ethiopia associated with Ethiopia. Haile Selassie is best known for Modernizing reforms and centralization, resistance symbolism during Italian invasion, and later role in African diplomatic institution-building. This profile belongs to the site’s study of imperial sovereignty and state power, where influence depends on controlling systems rather than possessing money alone. Across this era, wealth and command were less about possession alone than about controlling the systems through which other people had to move.
• #2 Mohammed Al Amoudi
  EthiopiaSaudi ArabiaSweden IndustrialResource Extraction ControlResources 21st Century Finance and Wealth Power: 47
  Mohammed Al Amoudi (born 1946) is an Ethiopian-born Saudi billionaire whose empire demonstrates how resource wealth can be built across borders rather than inside a single national market. He became known through Corral Petroleum, refinery and energy investments, and the broad MIDROC ecosystem of mining, agriculture, construction, manufacturing, hotels, and commerce. His importance lies in the scale and geographic spread of his holdings. He was not simply wealthy in one country. He became a conduit through which Gulf capital, African industrial ambition, and resource extraction were tied together.He belongs in resource extraction control because a major share of his fortune rests on sectors where access to land, subsoil assets, refining capacity, and large project concessions determine outcomes. In such sectors, wealth is not created mainly by selling a branded consumer experience. It is created by securing long-term control over supply systems and by financing the infrastructure that allows raw materials to be transformed, transported, and sold. Al Amoudi mastered that model on several continents.His career is especially important for Ethiopia, where he became one of the most consequential private investors of the late twentieth and early twenty-first centuries. Through MIDROC-linked companies, he touched mining, agriculture, hospitality, and industrial capacity in ways that affected employment, urban development, and national narratives of modernization. At the same time, his Saudi and European connections made him a figure of transnational capital rather than a purely domestic business magnate.Al Amoudi’s story also shows the vulnerability of even very large fortunes when they intersect with political centralization. His 2017 detention in Saudi Arabia during the Ritz-Carlton purge was a reminder that resource-linked wealth often remains exposed to sovereign power. He therefore stands both as a builder of cross-border industrial capital and as an example of how easily private empires can be disciplined when states choose to act.