Money rules Meet the top 20 richest people in Ghana

Dr. Kwabena Duffuor and CEO of Zoomlion Ghana, Joseph Siaw Adjapong are among the 80 richest people in Ghana

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The richest people in Ghana have been revealed after extensive research by Ghanaian management and consulting firm, Goodman AMC.

Unlike their Nigerian counter-parts, wealthy Ghanaians are thought to be conservative in stating their actual wealth ostensibly due to tax obligations and other personal misgivings, but Goodman AMC appears to have gone behind the scene to extract that information and come out with the ‘Ghana Wealth Report’.

The report follows Goodman AMC tracking of successful entrepreneurs and investors in Ghana who have $100 million or more in assets and investments.

The findings reveal that the top 80 richest people in Ghana have a combined wealth of $29.3 billion and employ over 150,000 Ghanaians directly.

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).

The report identified Charles Ampofo as the richest man in Ghana with a net worth of $1.46 billion. Ampofo is said to have made his fortune through Kampac Oil, an oil and gas firm based in the business hub of Dubai.

The second richest man in Ghana, according to the report, is $1.3 billion rich Ernesto Taricone, who is said to have interests in real estate, aluminum, agriculture, construction and forestry. Taricone is the owner of Trassaco Valley.

The report also identified Patricia Poku-Diaby as the richest woman in Ghana with a net worth of $720 million. She is into the export of cocoa and cotton. Four other women - Theresa Oppong-Beeko, Kate Quartey-Papafio and Gifty Lamptey and Grace Amey-Obeng – also made the list of 80 Richest Ghanaians. Together, the five richest women in Ghana control $1.62 billion.

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.

How Net Worth Was Calculated

Goodman AMC says it calculated net worth by using some degree of estimation to value each person’s assets and properties as well as stakes in public and private firms, and performance on the Ghana Stock Exchange.  Read more about that here:

While Goodman AMC’s Ghana Wealth Report is comprehensive and compelling, Graphic Online has not independently authenticated the findings.

Indeed Good man AMC issues a caveat that: “The Ghana Wealth Report is for information purposes only. It is not investment advice…”

Find the list of the top 80 richest Ghanaians below:

#1 CHARLES AMPOFO                    

Est. Net Worth: $1.46 Billion           

Source: OIL & GAS       

#2 ERNESTO TARRICONE             

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 ACHEAMPONG                    

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 & GA

#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   (Despite)                                      

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

Data credit: Goodman AMC with files from Graphiconline

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