Top 10 Richest Men in Ghana in 2023
2023 is here and we present the latest ranking of the top 10 richest men in Ghana, and their current net worth – Yes! The wealthiest men in Ghana.
Some of the richest people on the African continent reside in Ghana, one of West Africa’s largest economies. Thanks to its abundant human, cultural, tourism, mineral, and other resources, it is one of Africa’s greatest achievements.
Ghana is a diverse nation, therefore it’s not surprising that certain well-known individuals who have earned the moniker “the richest men in Ghana” have substantial wealth.
You may learn about the great icons of the Giant of Africa, their professions, sources of income, and current net worth in our recently released article about the top 10 richest musicians in Nigeria.
We’ll look at the 10 wealthiest and richest Ghanaian men, their professions, and current net worth in this post. You’ll also learn some fascinating facts about each of them.
List of Top 10 Richest Men In Ghana 2023
Rank Wealthiest and Richest Men In Ghana 2023 Estimated Net Worth
#1 Ernesto Taricone $1.3 Billion
#2 Dr. Kwame Addo-Kufuor $1.2 Billion
#3 John Mahama $900 Million
#4 The Irani Brothers $800 Million
#5 Kwaben Duffuor $680 Million
#6 Samuel Esson $650 Million
#7 Ghassan Yared $480 Million
#8 Serge Bakalian $460 Million
#9 Dr. Kwesi Ndoum $300 Million
#10 Nana Akufo-Addo $250 Million
10. Nana Akufo-Addo Net Worth: ($250 million)
Richest Men In Ghana – Nana Akufo-Addo
Nana Akufo-Addo is one of the richest men in Ghana and the first to be presented on this list.
Since taking office, Ghana’s current president has played a vital part in the country’s progress and industrialization.
He served as the country’s Attorney General for two years, from 2001 to 2003, before to taking office as president.
Following his service as the country’s Attorney General, he served as the country’s Minister of Foreign Affairs for four years.
Nana Akufo-Addo was born into the royal family of Adeline and Edward Akufo-Addo, who held key positions in Ghana while still serving in the military.
His father was formerly the country’s Chief Justice as well as the country’s non-executive President for a few years.
It is clear that Nana Akufo-Addo just carried on his family’s history by rising to the top of the nation’s political hierarchy.
9. Dr. Kwesi Ndoum (Net Worth: $300 million)
Dr. Kwesi Ndoum is next on our list of the top 10 richest men in Ghana. He is a prominent businessman and, as well as a politician who has held offices through different regimes which have ruled in Ghana.
Most notably, He was a member of parliament for the Komenda-Edina-Eguafo-Abirem constituency and had served as minister of state in various portfolios in the Kufuor’s government between 2001 and 2007.
Before becoming a well-known figure within the Ghanaian community, he spent the majority of his life in the United States.
He initially worked for an insurance company as a Life insurance underwriter for three years at the North-Western Mutual life insurance company.
After leaving his position in the company due to financial restraints, Ndoum quickly became a revered staff at the Blue Cross Blue Shield of Wisconsin.
Ndoum made the majority of his fortune after helping the British Deloitte and Touche in West Africa. Over time, Ndoum was swiftly identified for his contribution to Ghanaian society and he was swiftly rewarded with a public office as a member of Parliament in 2001. Today, Ndoum is rightly among the richest Ghanaian men.
8. Serge Bakalian (Net Worth: $460 million)
Bakalian is listed among the richest men in Ghana despite having mixed ancestry and Armenian origin.
Bakalian became as wealthy as he is because to inheriting the flour mill company his father founded, in contrast to most people on this list who became millionaires on their own through independent business initiatives.
Bakalian has been able to take the business to new heights since he inherited it by employing successful business tactics that have helped the company generate millions of dollars in earnings.
Although most people might have assumed he had it easy after receiving such a large inheritance from his father, he deserves praise for being able to boost the company’s net value in just a few short years.
7. Ghassan Yared (Net Worth: $480 million)
Yared is one of the prominent people on this list of the richest men in Ghana who have created a business empire out of nothing.
Richest people – Ghassan Yared
For someone who came from a modest beginning, credit must be given to him for his work to make life better for people around him, as well as himself.
Through his great business acumen and ideas, he has been able to transform the business sector of Ghana, creating trends that have brought significant growth to the economy.
Yared created the marketing and distribution company in 1993 known as Forewin Ghana Limited. This company became so big over time, that it had to be split into subsidiaries including Mabani Ltd, Mass industrial Ltd., Lewadis Fze, Diplo FZE, Cape Trading Ltd, and HMD.
Each of these companies holds distributing rights for major brands in Ghana such as Red bull, Peak milk, Titus Sardines, and so on.
6. Samuel Esson Jonah (Net Worth: $650 million)
Speaking of men with high intellectual capacity and business acumen, Samuel Esson Jonah is top of the crop, and one of the richest men in Ghana.
Jonah has demonstrated his business acumen in the Ghanaian business and industry in a variety of capacities over the previous two decades.
As a result, he has worked hard to earn every cent he has and is now one of Ghana’s wealthiest men. Jonah is the current Chancellor of the University of Cape Coast and the Executive Chairman of Jonah Capital, which he founded.
Jonah began his career with the Ashanti Goldfield Corporation, where he held various roles at various times before reaching adulthood and fame.
Jonah worked his way up through the company’s ranks to become the CEO and the company’s supervisor. He adopted many procedures while in this role, which resulted in a massive rise in the company’s productivity.
He rose through the ranks of Vodafone, the National Academy of Engineering, Equinox Minerals, and other organizations. He is now Ghana’s sixth richest man.
5. Kwabena Duffuor (Net Worth: $680 million)
Kwaben Duffuor is one of the well-known individuals in Ghana, having served as the minister of finance as well as the Governor of the Bank of Ghana.
Duffuor was credited with his work while he served as the Governor of the Bank of Ghana, after implementing strategies to help improve the reserves of Ghana.
This resulted in the gradual growth of the economy of the country, which culminated in 1998. Duffuor was so good at his job that he was named one of the best central bank Governors in the world during the annual General meeting of IMF/World Bank meetings. His good works justify his net worth which earns him a place among the richest men in Ghana.
Before becoming such a significant figure in Ghana, he started his career at the Ghana Commercial bank at the lowest position in the organization structure. After recognizing his abilities, he was promoted to become the chief economist of the bank.
He also worked as a part-time examiner in 1985 at the University of Ghana. Duffuor succeeded in his role at the Ghana Commercial Bank, and he was promoted to General Manager of the London branch of the bank. He returned to the country to become the Deputy Governor of the Bank of Ghana in 1995.
4. Irani Brothers (Net Worth: $800 million)
The Irani Brothers are so popular in Ghana today. They have been a household name for over 2 decades delivering quality flour and pastries to the citizens of the country.
These brothers have made giant strides in Ghana, especially in the flour industry of the country, as they are responsible for 55% of the flour and pastries consumed by the citizens. Their impact on the economy of Ghana is so much that it just can’t be overlooked.
After registering massive success in the flour business and mills, the company started by the brothers expanded to also cover pastries.
This is due to the ever-increasing demand for pastries which were not met by existing companies in that sector. Today, the company has an annual output of up 200,000 metric tons of flour. Their prominence in the flour industry in Ghana is simply unmatched.
3. John Mahama (Net Worth: $900 million)
John Mahama is the 3rd on the list of the top 10 richest men in Ghana. He once served as the president of Ghana in 2012, taking over from the deceased president Atta Mills.
Mahama started out his career as a writer, historian, and communications expert. Some of the prominent positions which he served till date through his political career include Minister of communications, Deputy minister of communication, member of the Ghanaian parliament and then Vice president of the country.
Prior to having all these political roles under his belt, Mahama was initially a teacher of history at secondary school level.
He, however, proceeded to study for his Master’s in Russia. After his return, he was appointed as the Information, culture, and research officer at the Japanese embassy in Ghana.
To further increase his knowledge and expertise in politics, he became part of the NGO, Plan International’s Ghana Country Office, where he worked as International Relations, Sponsorship Communications, and Grants Manager.
2. Dr. Kwame Addo Kuffuor (Net Worth: $1.2 billion)
Richest Men In ghana – Kwame Addo -Kufuor
Kwame Addo-Kufuor is a widely known Ghanaian politician and physician who held numerous political offices while in active service.
Addo-Kufuor was a member of parliament for Manhyia. Between 2001 to 2007, became the Minister for Defence appointed by President John Kufuor who is his brother.
Between June 2008 and 2009, he was also appointed in the position of the minister of interior of Ghana.
Addo-Kufuor attended the University of Cambridge to study Medicine for five years. After the completion of his Bachelor’s degree, he proceeded to the Middlesex Medical School Hospital and Jesus College to further his studies in this field.
Despite all his studies in medicine, he would never major in the profession due to the political ambitions which took over his passion for practicing medicine. Today, Addo-Kufuor serves as the head of the Ghana Chamber of Mines.
1. Ernesto Taricone (Net Worth: $1.3 billion)
The Richest Man in Ghana – Ernesto Taricone
If you’ve asked the question; “who is the richest man in Ghana?” Here’s is your answer: As of today, Ernesto Taricone is currently the richest man in Ghana in 2023 with a net worth of $1.3 billion.
He was born in Italy but has since gained citizenship by naturalization several years ago.
Taricone chose to relocate to Ghana and undertake a variety of investments in all facets of the country’s economy after realizing the potential of the Ghanaian economy.
In a few decades, Taricone has been able to increase his wealth from millions to billions while serving as the CEO and Executive Chairman of the Trasacco company.
More than 4000 Ghanaians and foreigners are employed by his multiple firms today, further supporting the local content policy that the Ghanaian government has put in place.
As a civil engineer, he oversaw the construction of Trassaco Valley which is home to some of the most luxurious buildings in Ghana.
His investment portfolio is spread over highly lucrative industries in Ghana, including mining, agriculture, real estate, construction, and so on.