Haile Gebrselassie: The emperor with lofty dreams

Haile Gebrselassie broke 61 Ethiopian national records ranging from 800m to marathon and set 27 world records. [AP photo]

"I have many trophies and not all are in Addis Ababa but some are at home some 20 kilometres from the capital city. Not less than 400 competitions I competed and won 90 per cent and of course those I dropped out -just two marathons.

"Olympic is a special medal with Paul Tergat. That medal is really special. If there are two gold medals then two of us should have shared it. That medal does not belong to me. It belongs to me and Tergat," says Haile, now the President of Ethiopia Athletics.

The sprint for the line in the Sydney Olympics 10,000m in 2000 was the defining moment of one of the sport's greatest rivalries.

It stands out as the closest and finest race in Olympic history. Haile won by the thickness of his vest.

Gebrselassie won his second Olympic gold medal in a time of 27:18.20 seconds. Tergat won his second silver in 27:18.29.

Other than empowering ordinary folk in Ethiopia by providing employment, Gebreselassie also empowers Ethiopian athletes by organising races. He is the brain behind the Great Ethiopian Run, an annual 10km road race held in Addis Ababa that attracts up to 45,000 participants.

"Youngsters follow what you do. Most of us excelled from nowhere. I was born in the countryside and started admiring top athletes. I developed a keen interest and the rest is history. We need to manage everything including life after making good money. The money should not run faster than you. And the bottom line is investment," he said.

He has many titles and he is a two-time 10,000m Olympics champion, four-time world 10,000m champion, four-time World Indoor champion in 3,000m and 1,500m, and World Junior champion in 5,000m and 10,000m. He also won the World Half Marathon championship once.

He also has a fair share of disappointments. "Right after the Atlanta Olympic Games in 1996. I lost a race to Daniel Komen in Zurich. Komen was in top shape. It was a big shock as I lost it to Komen and my then fiancee (now wife).

"Then came a race in Zurich after the 1997 World Championships in Athens when I met Daniel Komen. The media were predicting a tough duel between me and Komen. Thanks to Komen as he broke a world record a year later."

Haile says the biggest mistake most sports persons make is to plan for retirement. "It does not work out in sports. In 2003, I dropped out of the New York Marathon. This was after serious preparations. I was disappointed. The media interview after the race was intimidating to all journalists wanting to field questions after I announced my withdrawal. I never expected to be invited to the press conference."

To keep fit, Haile says he still does long runs of 20km for a week and maybe eight kilometres daily in the morning.

Haile says athletes must utilise the huge dollar payouts in races.

Haile Gebrselassie poses for photographers at a hotel in London, April 9, 2014. [AP Photo]

He runs a successful business in hospitality, agriculture, education, real estate and motor vehicle dealerships in Addis Ababa including Haile and Alem International in Addis Ababa.

"I started the hotel business 22 years ago. The idea came after I visited so many places and decided to give the hotel industry a try. Athletes must think; not once but twice.

"I decided to build the hotel and it has stretched into a big company. At the moment, we have 3,700 employees. I have 6,500 hectares of a coffee farm. There are big business opportunities in Africa and even outside. I want to do business outside Ethiopia."

He has a deep love for movies and cinema. "It is a very profitable venture. I decided to build my first cinema in Addis Ababa. We have found our talents not only in long-distance running.

We have our own school for training. We strive to ensure that everything is locally sourced.

During last year's Tigray war, Haile vowed to go to the war front and fight against Tigray People's Liberation forces.

"Tigray war affected our business stability. When people do not want to accept defeat in an election. It is sad," he said.

Haile is one of the business partners in the South Korean motor vehicle manufacturer Hyundai which has an assembly plant in Ethiopia.

He says the plant will produce passenger hatchbacks and trucks. The company expects to roll out 10,000 vehicles annually.

Despite having modest academic qualifications, Haile believes that he has what it takes to run a successful business.

"I just finished high school. I read a lot of business books and every time I meet business experts; I always ask questions. I can't say I am perfect but I keep trying. I don't want to imagine a situation whereby when I die the investment fades away. I also strive to create jobs," he said.