BREAKING: Mohammed Al-Amoudi dies in London at 70

The richest ethiopian and the`second richest African, Mohammed Al-Amoudi has died in London early morning of Tuesday, local newspaper reports.

Mohammed Al-Amoudi was in London for medical treatment but unfornately he passed on at 70.

The cause of his death is not immediately known as his body has since been sent for autopsy.

Mohammed Hussein Ali Al-‘Amoudi is a Saudi Arabian and Ethiopian billionaire businessman who, in 2016, had his net worth estimated at Forbes at $8.3 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.