To hear him tell it, Joe Mamo’s move from Ethiopia to North Dakota in 1981 was accidental.
Mamo’s father, Yenberber Mamo, was a public transit mogul who manufactured buses and ran the first fleet to provide service across Ethiopia. The operation made his father’s Mamo Kacha bus line a household name in the East African country. It provided a nice life for his family. But it rendered him distinctly unpopular with the Marxist junta that ruled Ethiopia between 1974 and 1991. The elder Mamo was jailed two or three times by the regime. Some of his property was confiscated. As his son approached draft age, the patriarch looked for ways to send him overseas.
That’s how Joe, at the age of 13, found himself attending Catholic boarding school in North Dakota.
“He didn’t know the difference between North Dakota and New York City. We didn’t know until we got there,” says Joe Mamo, whose given name is Eyob. But he got used to the cold winters and moved to Chicago after graduation. While he attended community college there, he got a job pumping gas.
By 1987, Mamo had moved to Washington, where an old friend had settled among the region’s large Ethiopian community. This too was “an accidental move,” he says. “I didn’t know Washington that well but I liked it here because it was much more diverse than Chicago. There’s a lot of Ethiopians, a lot of different cultures.” And while Mamo remained far from home, it turned out that his entrepreneurial DNA was still intact in North America. “I always wanted to be a businessman like my father. The only business I knew was a gas station, so I decided to lease a gas station,” Mamo says.
Mamo scraped together his savings and a little money from his father for a down payment. Within months of arriving in Washington, he signed a lease on his first station, an Amoco on South Dakota Avenue. His two brothers were his only employees, Mamo says; they all worked 18-hour days.
Mamo still owns the station, which now operates as a Shell. Over the next quarter century—and in a manner more deliberate than accidental—he has built a network of stations around the region, acquiring them slowly, at first, and then, starting in 2009, at high speed. Riding a wave of industry transition, he went on a buying spree that expanded his empire from 25 to around 240 stations. Nearly half of all stations in the District are controlled by Mamo; he runs a quarter of the region’s stations.
He’s occasionally been painted as a rapacious tycoon, and sometimes been cast as an exemplar of the American Dream. In fact, Mamo may be a bit of both. But what’s striking is how rarely he’s been painted at all. During his rise from gas station attendant to the chief executive and board chairman of the Springfield-based Capitol Petroleum Group, Mamo, 44, has kept a low profile in the industry and shunned interviews with reporters. The little-known tale of how he went from dodging an authoritarian government’s draft to dominating Washington’s fuel business is one of politics, ambition, luck, real estate, hard work, race—and, of course, gas.
Within the industry, there’s “a bit of a mystique” around Mamo, says Steve Holtz, news director at CSP Information Group, a trade publication that has covered Mamo’s business ascent. But as rapid as his rise may have been, “mystique” is hardly the first word that comes to mind for a burly, plainspoken businessman who lives next door to his mother in a modest ranch-style house in Annandale and runs his enterprise from a no-frills office space in a Springfield industrial park.
Despite his reputation as an aggressive businessman, Mamo seems almost humble when he sits down for the first in-depth interview he’s ever given. He credits good luck as much as entrepreneurial savvy for his recent string of successes. He may be a mogul, but he still comes off as what oil folks call a “jobber.”
In the parlance of the oil industry, the companies that do the drilling and processing, like ExxonMobil and Shell, are “refiners.” The local business people who run stations are known as “dealers.” Companies like Mamo’s that get the fuel from the oil companies to the gas stations are called “jobbers,” though Exxon refers to its jobbers as “branded wholesalers.”
For decades, competitive flaps in the business pitted the refiners of Big Oil against the ma-and-pa operations of dealers, who generally rented their land from the companies. But in the last five years or so, the drama has shifted. The big companies have sold their stations and gotten out of the retail side of business. That’s where Mamo found what he considers a “once in a lifetime” opportunity. Washington-area stations were among the first in the country to be spun off. BP sold nearly 200 area stations to Annapolis-based Eastern Petroleum Corp. in 2005. Germantown-based Mid-Atlantic Petroleum Properties, LLC, among other jobbers, saw similar expansion in the suburbs.





Our Readers Say
God Bless you.
Thanks for your ongoing committment and perservence in growing the brand. You are the man to watch!
Proud of you Joe!
I remember going by your house near Bulgaria Embassy, everyday when I was attending Shimelis Habte in the 70's. With my friends we talked about your dad's success and his story inspired us very much. Now here you are, a son like a father, continuing the tradition of hardwork. I am really proud of you!
.His question was do I get enough salary to feed my family.My respond was yes for the time being.This was almost 25 yearsago.I he was just strting buying gas station..I am so glad youmade it. I am so proud of you.As I remember your father was one the well known business man in his native country.My advise to you was don;t forget from where you came .I hope he is doing great thing for his native country.I was always remember this questionwhen ever see that gas staion.I still won;t to say help those who neeed your help specily those poor Ethiopians.After all world is becaming smalland tight.
Selam late ena lebetesebothi.Egziabhar yerdah.Yechmrlh.
Mengstu ferede
mengistu
A tale of sleaze and corruption.
Joe is from Ethiopia. Therefore, he is African-American. What is your point?
proud of you and congra for following the footsteps of your great father,I am genuinely sure after the fall of th tegre gujille you will play a bigger role in your beautiful and proud country of your origin and advice you not to invest in any form as their days are very numbered
God Bless and more sucess
Keep Up Your Zeal for Big Business it is Your
Calling.Strive To Reconcile and Unite The Weak
and Divided Family.Love is more important than
Money and Power if We have True love amongest
us We Have everything and Our Dad will surely
be Proud of Us.
Again Best wishes and Much Sucess in The Comming
Years ahead.
Girma Mamo Boston , Ma.
I wish him all
Blessed be he, and God bless him with all his blessings
Getahun, Natan
This is really a great news.
I know the father of Mr. Eyobe. I grew up there in the Mamo Kacha Sefer, where his father build a settelement for the employees of his company.
I know a famous man, who has worked in the company of Mamo Kacha. His name is Great "Abdissa". Abdissa was the founder of the "Fetan" sport club of Mamo Kacha. The famous Mamo Kacha has financed and developed this team very wel. This club has grown many known footballists. Later Abdissa became the head and founder of the Fetan-Godana foot ball team. This is a joint club of Fetan (Mamo Kacha) and Aura-godana.
This was a very nice period of time in my life, where I have watched the games of this team on the field of the OLD AIR PORT.
Am happy to hear good about Eyobe.
We're proud of you!!
Indeed thrilled !!
Bless be the womb that gave birth to you
Samuel G.
I saw how Eyob is too young and read how polite he is. I gathered how Eyob managed and endeavored to mount to his success. His main inertia, I presume, lies in his pr perseverance, self-discipline and the gut to accomplish his desired goals. I guess that is the DNA he inherited from his father. His father should be highly commendable to mentor and sharpen him after himself. I think his father made the difference in the life of Eyob. For a good father always bear good fruits and Eyob is equally good to keep up the family morale and good enterprenurship.
I pray that Eyob keeps up the good job and the good sense to live it up.
Success to you again.
G. Benyam
A friend.
It is indeed an amazing success story of the Ethiopian immigrants in the US. It is inspiring for all immigrants.
Joe, I think your success is possible due to your hard work and perhaps most importantly because of the freedom we enjoy in this country. Where freedom is enjoyd by the people success is possible for all who work hard.
In your native country, Ethiopia, freedom has still remained illusive since the time you left it long time ago. Free entepreuners, like your dad, sufferred and are still suffering in the unjust politics.
May God bless you.
It would be great if you can have an input towards the cause of freedom in Ethiopia so that success story like yours can be possible for fellow citizens.
"American Dream" is a symbol of the potential of everyhuman being to transcend limitations.
Good job Eyob!
How about some contributions to DC based non profits instead of greasing the wheels of politicians for hope of favor on zoning and regulatory decisions ? Good Karma from real philanthropy is better than lobbing, Vincent Orange can't do nothing for you man.
It is very inspiring and motivating to read such a success story especially for us young entrepreneurs. Indeed dream can come true in this great nation, That is what makes America different. Good luck to you Joe and good luck to us all. Good bless u and God bless this great nation......
God Bless You
May god bless you and keep you safe.
Less is said about Mamo's daughter Yeshi Mamo, a girl I admire, without a penny from her dad's wealth, Yeshi is a successful business woman, running her own Limosine company. I admire her b/c she worked hard for the money, no inheritance, Eyob, and his Mom got a chunk of Ato Mamo's wealth, no big deal that he owns this many gas stations. Eyob ,it is time you share the wealth with your sister and may be other siblings too.
What a great story......... A child born from a blessed family.... May God be with you and your beloved family..... The American Dream!!!!!!!!!!!!! you will be an inspiration for a lot of people in this world.........
I know your father and he was one of the greatest man i ever met in my life......... He has seen it all the down side and the upside...... what a great man he was...... and to see his next generation come up and get his name called upon... nothing more than saying God bless... keep up the good work and be like your dad
Aberham
I am very impressed with your success story.I knew your Father from a distance and he was also a great achiver.People like yourselves are good rolemodel for Ethiopians. Remeber Athlete Haile GS famous quotation."Yes we can".You have made all of us proud and please keep it up. We shall pray for you.
Best wishes.
You have done it in America you can do it in Ethiopia. I suggest you could invest in oil exploration, that needs a caliber like you. Just think about it and decide.
mamo i am one the guy live in America to day and life is not ease for me .
but i try every day i never give up and i pray day and night ,work hard i wish and hope
i am fom ethiopia
God bless America and Joe Mamo !!!!!!!!!!!!!
his gasoline? I would like a list of all his stations so that I can support a small businessperson.
I know Eyob and he was one of the greatest man i ever met in my life. He has seen it all the down side and the upside. what a great man he was. I’m very proud of you..MARVELOUS work you have done...Keep up the good work TERRIFIC!Nothing can stop you now keep up with the good work...May God bless you and your very loving family you have....i am so proud of you..if you need my help i am here for you..May God be with you..Take care..Columbus Ohio
Bless you
Family first, Eyob.
The biggest contributing before 1997 was $80,000,000 donated by the multi billionaire Bill Gates.
In that year, Ted Turner raised the bar with the single largest donation in history, a whopping $1,000,000,0000. This was only the start. In the past ten years, billion dollar contributions have become more prevalent, and the super rich seem to be competing for the biggest.
Right now the two most generous billionaire philanthropists are Bill Gates and Warren Buffet. Between these two, over $70 Billion dollars has been given away.
So why do billionaires and millionaires give away so much money? There is a common belief amongst many rich and affluent individuals that the more you give, the more you receive. Being that these people have millions and even billions of dollars, maybe they know something that others do not?
It makes us wonder if they give away money because they have it, or if they have so much because they give money freely to others. Maybe what goes around really does come around, and therefore the super generous continue to get richer and richer. This definitely seems to be the case.
How do you want the future ethiopian generation see you as ??? besides the one of ET immigrant successful entrepreneurs, in the 21st century ???/
The first black ( Ethiopian origin )
we all live one time ...I hope you follow
Congratulations!!
God Bless You more and more
Yehedal alu Garbaguracha
well done
Please come home
Wow..... what an impressive message you have posted and I am sure When joe Mamo reads this message, it will ring a bell in his ear and also make him do more for his people and the future generation.....
Thank you and congratulation for Jeo ( eyob ) Mamo for his hard work and dedication....... May God bless you and your family..
PLEASE CALLE ME
0020129187627
PLEASE CALLE ME
0020129187627
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