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Ghana's Wealthiest Individuals (riches) by Just30: 7:02pm On Apr 03, 2016 |
The Ghana Wealth Report for 2015 was released by Goodman AMC. The report is based on a comprehensive study of more than 100 successful entrepreneurs and investors in Ghana as well as how and what they invest in. This report makes known of fascinating insights about the profiles and net worth of the 80 richest people in Ghana and also provides a compendious review of the wealth sector in Ghana. Findings from the report shows that tremendous amounts of wealth has been accumulated by Ghanaians during the past 20 years. The report has discovered some intriguing data about the wealthy in Ghana and how they impact on Ghana’s economy and policies. Ghana’s 80 Richest People control $2.5 billion which represents 6.4% of Ghana’s GDP, they have a combined wealth of $29.3 billion total and employ over 150,000 Ghanaians directly. Goodman AMC predicts that the wealth held by the wealthiest people in Ghana will rise 8.7% during Ghana’s election year in 2016 next year and decline by 2.1% in 2017. It has also been quite clear from this report that 92% of the wealthy entrepreneurs and investors in Ghana do not have more capital invested in the Ghana Stock Exchange. The report notes that majority of them do not have equity allocations on the Ghana Stock Exchange and haven’t gone public with their businesses, though most increased their equity holdings in Dubai, Switzerland, South Africa and Frankfurt, Germany. Another major observation by the Ghana Wealth Report by Goodman AMC ascertains the import reliability of Ghana’s economy; 83% of wealthy entrepreneurs in this report are engaged in the business of importing commodities into Ghana. Goodman AMC's Ghana Wealth Report discovered 3 billionaires and 77 multimillionaires who all form part of a group of individuals called the Ultra-High-Net-Worth Individuals (UHNWI). Goodman AMC placed the UHNWI cap at $100 million; meaning that only Ghanaian entrepreneurs and investors with a net worth of $100 million and above were considered for this report. The Ultra-High-Net-Worth Individuals in Ghana are holding so much cash due and not investing in Ghana due to the current market volatility in the country and for lifestyle needs. This suggests that the current financial crisis in Ghana lingers on. On the 80 Richest People in Ghana list, 5 are women; making Patricia Poku-Diaby the richest woman in Ghana with a net worth of $720 million followed by Theresa Oppong-Beeko, Kate Quartey-Papafio and Gifty Lamptey and Grace Amey-Obeng in that order. According to this wealth report, Charles Ampofo is the richest person in Ghana and he made his fortune through Kampac Oil; an oil and gas firm based in the business hub of Dubai. He has a net worth of $1.46 billion. The second on the rich list with an estimated net worth of $1.3 billion is Ernesto Taricone.The vast majority of Taricone’s wealth comes from real estate and his business interest in the aluminium, agriculture, construction and forestry. The youngest multimillionaire currently in Ghana with a net worth of $125 million is Mike Nyinaku; he is 39 years and the founder of The BEIGE Group, with his primary source of wealth being The BEIGE Capital, a financial institution in Ghana. The Ghana Wealth Report has also tracked the richest families in Ghana who inherited their wealth and continue to grow their family fortune. The wealthiest family in Ghana according to this Wealth Report is the Irani Family, whose wealth originated when 2 brothers Anthony Irani and Edward Irani both of Lebanese descent came into Ghana in 1967 and set up a flour mill. The Irani Brothers and Others Limited went on to become the largest producer of flour in Ghana. They are followed by the Awuah-Darko Family who have made their fortune in the insurance and finance sector of Ghana’s economy. The current Awuah-Darko’s inherited VANGUARD Assurance from their late father, Nana Ampem Awuah Darko. The family has built on their late father’s legacy and fortune and now have 4 subsidiaries under the VANGUARD Group and about 10 other companies which are each owned by relatives. Real estate is the main industry from which Ghana's Ultra-High-Net-Worth Individuals have acquired their wealth - it is the primary source of wealth for 11.25% of Ghana’s rich in this report. Other important industries for UHNWIs include finance and investment (16.25%), oil and gas (10%), mining (6.25%) and diversified (25%). Click on each billionaire or millionaire’s name to get more information and insights on what and how they invest. #1 CHARLES AMPOFO Est. Net Worth: $1.46 Billion Source: OIL & GAS #2 ERNESTO TARICONE Est. Net Worth: $1.3 Billion Source: REAL ESTATE #3 SAM ESSON JONAH Est. Net Worth: $1.2 Billion Source: INVESTMENTS #4 NABIL EDMOND MOURKAZEL Est. Net Worth: $900 Million Source: COMMODITIES #5 MICHAEL IBRAHIM MAHAMA Est. Net Worth: $860 Million Source: MINING #6 MOHAMMED AHMED ODAYMAT Est. Net Worth: $850 Million Source: DIVERSIFIED #7 THE IRANI FAMILY Est. Net Worth: $800 Million Source: FLOUR #8 PATRICIA POKU-DIABY Est. Net Worth: $720 Million Source: COCOA, COTTON #9 THE KALMONI FAMILY Est. Net Worth: $700 Million Source: DIVERSIFIED #10 KWABENA DUFFUOR Est. Net Worth: $680 Million Source: FINANCE #11 THE AWUAH-DARKO FAMILY Est. Net Worth: $650 Million Source: FINANCE #12 MILAD MILLET & FAMILY Est. Net Worth: $620 Million Source: TEXTILES #13 JOSEPH SIAW AGYEPONG Est. Net Worth: $600 Million Source: DIVERSIFIED #14 RAMCHAND UDHARAM MOHINANI Est. Net Worth: $580 Million Source: DIVERSIFIED #15 ADAMU IDDRISU Est. Net Worth: $550 Million Source: FINANCE, COCOA #16 THE HITTI FAMILY Est. Net Worth: $540 Million Source: DIVERSIFIED #17 THE AZAR FAMILY Est. Net Worth: $520 Million Source: PAINTS #18 KWABENA ADJARE DANQUAH Est. Net Worth: $500 Million Source: ENGINEERING #19 GHASSAN YARED Est. Net Worth: $480 Million Source: DIVERSIFIED #20 SERGE BAKALIAN Est. Net Worth: $460 Million Source: FLOUR #21 THE BITAR FAMILY Est. Net Worth: $450 Million Source: LUMBER #22 THOMAS SVANIKIER Est. Net Worth: $435 Million Source: DIVERSIFIED #23 SAIED FAKHRY Est. Net Worth: $430 Million Source: PLASTICS #24 THERESA OPPONG-BEEKO Est. Net Worth: $420 Million Source: REAL ESTATE #25 PAPA KWESI NDOUM Est. Net Worth: $410 Million Source: DIVERSIFIED #26 KWABENA ADJEI Est. Net Worth: $400 Million Source: ALCOHOL #27 ENRICO DE SIMONE Est. Net Worth: $400 Million Source: CONSTRUCTION #28 B.K. AMANDI Est. Net Worth: $400 Million Source: ENGINEERING #29 BHAGWAN KHUBCHANDANI Est. Net Worth: $380 Million Source: RETAIL #30 MACDONALD VASNANI Est. Net Worth: $360 Million Source: SHIPPING #31 JOHN TAYLOR Est. Net Worth: $355 Million Source: DIVERSIFIED #32 THE SOLOMON LABA FAMILY Est. Net Worth: $350 Million Source: MATTRESS #33 KWAKU BEDIAKO Est. Net Worth: $350 Million Source: DIVERSIFIED #34 KOFI AMOAH Est. Net Worth: $341 Million Source: DIVERSIFIED #35 CHRIS CHINEBUAH Est. Net Worth: $330 Million Source: OIL & GAS #36 OKO-NIKOI DZANI Est. Net Worth: $324 Million Source: FINANCE #37 KWAME BAWUAH-EDUSEI Est. Net Worth: $300 Million Source: DIVERSIFIED #38 TONY OTENG-GYASI Est. Net Worth: $300 Million Source: CABLES #39 TOGBE AFEDE XIV Est. Net Worth: $280 Million Source: INVESTMENTS #40 GEORGE OWUSU Est. Net Worth: $278 Million Source: DIVERSIFIED #41 ERNEST BEDIAKO SAMPONG Est. Net Worth: $276 Million Source: PHARMACEUTICALS #42 FAWZI WOLLEY Est. Net Worth: $275 Million Source: RETAIL #43 FRANK ACHAMPONG Est. Net Worth: $275 Million Source: ROAD SIGNAGE #44 MICHAEL AGYEKUM ADDO Est. Net Worth: $270 Million Source: PHARMACEUTICALS #45 KEN OFORI-ATTA Est. Net Worth: $260 Million Source: INVESTMENTS #46 YUSIF IBRAHIM Est. Net Worth: $255 Million Source: DIVERSIFIED #47 THE ADDISON FAMILY Est. Net Worth: $250 Million Source: CEMENT #48 KATE QUARTEY-PAPAFIO Est. Net Worth: $250 Million Source: CABLES #49 KELI GADZEKPO Est. Net Worth: $235 Million Source: INVESTMENTS #50 KWAME ACHAMPONG-KYEI Est. Net Worth: $233 Million Source: INSURANCE #51 PAK-WO SHUM Est. Net Worth: $227 Million Source: AVIATION #52 WILLIAM ATO ESSIEN Est. Net Worth: $220 Million Source: FINANCE #53 FRANK OWUSU SEKYERE Est. Net Worth: $213 Million Source: ALCOHOL #54 TANAL GHANDOUR Est. Net Worth: $200 Million Source: COSMETICS #55 NENE DROLO BOSSO ADAMTEY Est. Net Worth: $200 Million Source: INVESTMENTS #56 THE PEPERA FAMILY Est. Net Worth: $180 Million Source: AUTOMOBILE #57 PRINCE KOFI AMOABENG Est. Net Worth: $170 Million Source: FINANCE #58 KWAME OFOSU BAMFO Est. Net Worth: $170 Million Source: PAINTS #59 VICTOR ALHASSAN Est. Net Worth: $167 Million Source: OIL & GAS #60 NIK AMARTEIFIO Est. Net Worth: $163 Million Source: INVESTMENTS #61 KOFI NSIAH POKU Est. Net Worth: $160 Million Source: PHARMACEUTICALS #62 ERNEST OFORI SARPONG Est. Net Worth: $160 Million Source: DIVERSIFIED #63 JOSEPH NSONAMOAH Est. Net Worth: $155 Million Source: FINANCE #64 EMMANUEL ABLEDU Est. Net Worth: $152 Million Source: OIL & GAS #65 QUINCY SINTIM-ABOAGYE Est. Net Worth: $150 Million Source: PETROLEUM #66 YAW ADU-GYAMFI Est. Net Worth: $144 Million Source: PHARMACEUTICALS #67 OSEI KWAME Est. Net Worth: $142 Million Source: MEDIA #68 SETH KWASI DEI Est. Net Worth: $140 Million Source: DIVERSIFIED #69 GIFTY LAMPTEY Est. Net Worth: $135 Million Source: FERTILIZERS #70 THE FRIMPONG-ANSAH FAMILY Est. Net Worth: $130 Million Source: TEXTILES #71 JOHN SACKAH ADDO Est. Net Worth: $128 Million Source: FINANCE #72 MIKE NYINAKU Est. Net Worth: $125 Million Source: DIVERSIFIED #73 JUSTICE TAYLOR Est. Net Worth: $125 Million Source: DIVERSIFIED #74 TORGBOR MENSAH Est. Net Worth: $120 Million Source: ADVERTISING #75 EDWARD BOATENG Est. Net Worth: $118 Million Source: MEDIA #76 SAMIR KALMONI Est. Net Worth: $115 Million Source: FAST FOOD #77 TUTU AGYARE Est. Net Worth: $110 Million Source: HEDGE FUND #78 KWASI TWUM Est. Net Worth: $110 Million Source: MEDIA #79 GRACE AMEY-OBENG Est. Net Worth: $100 Million Source: COSMETICS #80 SANDY OSEI-AGYEMAN Est. Net Worth: $100 Million Source: COSMETICS |
Re: Ghana's Wealthiest Individuals (riches) by Just30: 7:06pm On Apr 03, 2016 |
The report does not cover politicians who acquired their wealth by virtue of them being in active politics and monarchs who acquired their wealth through their royal status. Ownership of closely-held assets which could not be substantiated were also left out of the calculation. |
Re: Ghana's Wealthiest Individuals (riches) by Flexherbal(m): 7:31pm On Apr 03, 2016 |
Just30:Good. I like this part. |
Re: Ghana's Wealthiest Individuals (riches) by Just30: 7:34pm On Apr 03, 2016 |
Will create a topic for some successful Ghanaian companies that are breaking chains |
Re: Ghana's Wealthiest Individuals (riches) by Just30: 8:06pm On Apr 03, 2016 |
The report was commissioned after a comprehensive sturdy was done on 100 individuals whose name consistently came up when wealth is being discussed in Ghana |
Re: Ghana's Wealthiest Individuals (riches) by Just30: 9:22pm On Apr 03, 2016 |
False report |
Re: Ghana's Wealthiest Individuals (riches) by 100Cents: 9:28pm On Apr 03, 2016 |
Was expecting to see cars and houses.. |
Re: Ghana's Wealthiest Individuals (riches) by 100Cents: 9:30pm On Apr 03, 2016 |
Just30: Forbes cannot list politicians and their immediate family as legitimate wealth. |
Re: Ghana's Wealthiest Individuals (riches) by Just30: 9:38pm On Apr 03, 2016 |
100Cents:that's a poor sense of wealth |
Re: Ghana's Wealthiest Individuals (riches) by iamord(m): 9:32am On Apr 04, 2016 |
Just30:Sorry the first one is the complete list. The second is wrong |
Re: Ghana's Wealthiest Individuals (riches) by Just30: 12:04pm On Apr 04, 2016 |
iamord:yes the first one is the complete list, the second one was wrongly copied from a site that lacks integrity. And it was politically motivated |
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