How Africa
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 out more about how net worth was calculated here.
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
Data Credit: Goodman AMC
See the breakdown of individual wealth at Goodman AMC.
By Samuel K. Obour/GraphicOnline
