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Tuesday, December 3, 2024
BusinessFlashback: Ghana's top 5 wealthiest families

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Flashback: Ghana’s top 5 wealthiest families


Ghana has consistently been recognized as one of the premier business destinations, boasting a peaceful, stable, and progressively developing business environment.

Over the years, this reputation has proven accurate, with numerous foreigners establishing multimillion-dollar enterprises in the country.

Yet, many Ghanaian families and individuals have also reaped the rewards of conducting business in Ghana.

In this feature, GhanaWeb Business shines a light on the top five Ghanaian families whose net worth exceeds $500 million. The information is drawn from a YouTube content created by The New Tourist:

  1. Adamu Iddrisu Family – Net Worth: $550 million
    The Adamu Iddrisu family, led by Alhaji Iddrisu, known as the founder of the defunct Royal Bank and Global Haulage Company (formerly A.A. Iddrisu Transport). Global Haulage maintains a prominent role in cocoa evacuation.
  2. Millad Millet Family – Net Worth: $620 million
    The Millad Millet family, with a self-made net worth derived from their involvement in the textile business. Of Lebanese descent, the family founded Millet Textile Corporation in 1958, later renamed Spintex and then Printex, which became a renowned textile brand.
  3. Awuah Darko Family – Net Worth: $650 million
    The Awuah Darko family, descending from the late Nana Awuah-Darko Ampem. Notable members include Kingsley Kwame Awuah-Darko, Daniel Awuah-Darko Jnr, David Awuah-Darko, and Harold Awuah-Darko. The family’s $650 million net worth is generated from the Vanguard Group of Companies.
  4. Kalmoni Family – Net Worth: Not specified
    The Kalmoni family, accumulating wealth through inheritance and various businesses, most notably Japan Motors. Kalmoni & Sons, established in 1912 by the grandfather of the present Kalmoni Family, has played a significant role in their evolving worth.
  5. Irani Family – Net Worth: $800 million
    At the top is the Irani family, also of Lebanese descent, comprising brothers Edmund Irani and Anthony Irani. Their wealth is believed to have been acquired from Irani Brothers & Others Limited, producers of wheat flour.
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