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Top 20 richest men in Kumasi (Forbes list 2025)
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Tochukwu
5 hrs agoIntroduction – Kumasi's Economic Powerhouses
Kumasi, the bustling capital of Ghana's Ashanti Region, has long been a hub of commerce, culture, and opportunity. Beneath the rhythmic pulse of its markets lies a circle of influential figures whose wealth shapes both local communities and national development. The Top 20 Richest Men in Kumasi and Their Net Worth (Forbes List 2025) reveals entrepreneurs and industry leaders who have built fortunes across mining, media, finance, real estate, and more. In this post, we delve into their journeys, examine what drives their success, and explore how their influence paves the way for Kumasi’s continued growth.
1. Sir Sam Jonah – US $1.2 Billion
Originally from Obuasi in the Ashanti Region, Sir Sam Jonah is Ghana's mining legend. He rose through ranks at Ashanti Goldfields Corporation and, as CEO, propelled gold output dramatically. Today, he chairs Jonah Capital and holds diverse investments in agriculture, real estate, and advisory services, placing his net worth at US $1.2 billionReddit+3Kashgain+3Konnect Nigeria+3.
2. Dr. Kwame Addo‑Kufuor – US $1.2 Billion
A medical doctor and former Minister of Defense, Dr. Kwame Addo‑Kufuor, hailing from Kumasi, transitioned into business by leveraging political networks to invest in finance, real estate, and agriculture. His diversified portfolio is valued at US $1.2 billion Kashgain+3Yen.com.gh - Ghana news.+3Konnect Nigeria+3.
3. Ernesto Taricone – US $1.3 Billion
Italian-born but Kumasi-based, Ernesto Taricone founded the Trasacco Group, which transformed luxury real estate development—such as Trasacco Valley—into a billion-dollar enterprise. His estimated US $1.3 billion net worth has made him one of Ghana’s wealthiest figures Ghana Trade+3Yen.com.gh - Ghana news.+3Business Elites Africa+3.
4. Charles Ampofo – US $1.46 Billion
Though originally from Juaso near Kumasi, Charles Ampofo built the Kampac Group in Kumasi, spanning oil, telecoms, real estate, and agriculture. With estimated net worth of US $1.46 billion, he recently topped Ghana’s wealth rankingsWikipedia+15Yen.com.gh - Ghana news.+15wikisouthafrica.co.za+15.
5. Osei Kwame Despite – US $800 Million–1 Billion
Born in the Ashanti Region, Osei Kwame Despite owns Peace FM, UTV, Neat Foods, and more. As a media and consumer goods mogul, he's worth between US $800 million and $1 billion Wikipedia+4Kashgain+4Konnect Nigeria+4.
6. Ernest Ofori‑Sarpong – US $160 Million
Founder of Special Ice, Special Homes, and a partner in Despite’s media ventures, Dr. Ernest Ofori‑Sarpong, born in Kumasi, holds a net worth estimated at US $160 million Wikipedia+2Wikipedia+23News+2.
7. Edward “Eddie” Annan – Estimated US $100–200 Million
A Kumasi native, Edward Annan co-founded Passion Air and operates Masai Developers and Masai Motors, investing in aviation, real estate, and auto sales Business Elites Africa+2Wikipedia+2GhanaInsider.com+2.
8. Nana Kwame Bediako (“Cheddar”) – Estimated US $200–400 Million
Nana Kwame Bediako leads Wonda World Estates, developing luxury real estate and hospitality projects—including partnerships with Marriott and Ritz-Carlton—alongside philanthropic activities .
9. Kwabena Duffuor – US $680 Million
Though Accra-based, former Governor of the Bank of Ghana and Kumasi-born Kwabena Duffuor retained strong ties to the region. His finance and digital ventures are estimated at US $680 million NAIJAONLINE+2Yen.com.gh - Ghana news.+2wikisouthafrica.co.za+2.
10. Ramchand Udharam Mohinani – US $580 Million
The Lebanese-Ghanaian flour magnate Ramchand Mohinani, whose group dominates Kumasi’s milling industry, is valued around US $580 million The Official Website of Ada Community+1wikisouthafrica.co.za+1.
11. Anthony & Edmund Irani – US $800 Million (combined)
The Irani brothers, founders of Irani Brothers & Others Ltd., lead Ghana’s largest wheat flour company. They are collectively worth US $800 million wikisouthafrica.co.za+2NAIJAONLINE+2Ghana Trade+2.
12. Ghassan Yared – US $482 Million
A media and real estate investor in Kumasi, Ghassan Yared founded the Forewin Group and has built substantial wealth, estimated at US $482 million .
13. Grace Amey-Obeng – US $100 Million
Born in Kumasi, Grace Amey-Obeng heads Forever Living Products Ghana. Her success in cosmetics and entrepreneurship places her wealth at approximately US $100 million 3News.
14. Samir Kalmoni – US $115 Million
Kumasi-born Samir Kalmoni built a fast food empire across Ghana. With investments in franchise brands, his net worth is about US $115 million 3News.
15. Kofi Nsiah Poku – US $160 Million
A leading pharmaceutical entrepreneur originating from Kumasi, Kofi Nsiah Poku has a net worth near US $160 million3News.
16. Yaw Adu-Gyamfi – US $144 Million
Also in pharmaceuticals, Yaw Adu-Gyamfi operates Kumasi-based companies valued at US $144 million 3News.
17. Seth Kwasi Dei – US $140 Million
An entrepreneur with diversified investments, Seth Kwasi Dei, from Kumasi, is estimated at US $140 million 3News.
18. Edward Boateng – US $118 Million
Edward Boateng, media executive and entrepreneur in Kumasi, is worth roughly US $118 million .
19. John Sackah Addo – US $128 Million
Originally from Kumasi, John Sackah Addo has a solid presence in Kumasi’s finance sector, valued at US $128 million3News.
20. Mike Nyinaku – US $125 Million
A diversified businessman involved in finance and services, Mike Nyinaku, also from Kumasi, is estimated at US $125 million 3News.
Regional Industry Insights
Mining & Commodities: Led by Sir Sam Jonah's legacy and mining connections across Ashanti.
Real Estate & Construction: Major drivers by Taricone, Bediako, Yared, and Annan.
Finance & Services: Duffuor, Addo-Kufuor, Kwame Despite, and Ofori-Sarpong brought capital to Kumasi.
Manufacturing & Processing: Mohinani, Irani brothers, and pharmaceuticals reflect industrial strength.
Media & Consumer Goods: Despite-led media brands, Kalmoni’s fast food, Boateng and Adu-Gyamfi's ventures.
Common Success Traits
Diversification: Across sectors—real estate, mining, media.
Political & cultural networks: Many leverage Kumasi/Ashanti affiliations.
Vertical integration: In manufacturing and commodities.
Strategic public-private partnerships: Especially in finance, mining, and aviation.
Innovation & localization: Brands tailored to Ghanaian markets, like Despite’s local-language media.
Community Impact & Philanthropy
Sam Jonah supports scholarships and educational infrastructure.
Addo-Kufuor funds medical outreach and educational services.
Despite invests in health, women’s empowerment, and youth in Ashanti.
Bediako supports flood relief, facilities, and small-business grants Konnect Nigeria+1Kashgain+1wikisouthafrica.co.za+3Wikipedia+3Business Elites Africa+3Yen.com.gh - Ghana news.+1Wikipedia+1Konnect Nigeria+2wikisouthafrica.co.za+2Kashgain+2.
Ofori-Sarpong provides employment and micro-business support.
Frequently Asked Questions (FAQs)
1. Who is the richest man in Kumasi in 2025?
Charles Ampofo, with a net worth of US $1.46 billion, tops the Kumasi list based on Forbes and regional data .
2. Are there billionaires based in Kumasi?
Yes—at least five: Ampofo, Taricone, Jonah, Addo‑Kufuor, and Possibly Despite all have net worths above US $1 billion.
3. Which industry dominates Kumasi's wealthy?
Real estate, mining, finance, and manufacturing hold the most influence among Kumasi’s richest.
4. Do these individuals benefit Kumasi socially?
Yes. They are active in philanthropy, sponsoring scholarships, healthcare, infrastructure, and entrepreneurship programs.
5. Are these net worth estimates reliable?
They are based on Forbes and credible regional sources. Public assets are verifiable; private holdings are estimated.
6. Is wealth around Kumasi growing?
Yes. The area benefits from rising entrepreneurship, real estate demand, and industrial investment, driven by these business leaders.
7. How do they rank compared to Accra's elite?
Kumasi-based billionaires compete strongly—especially Ampofo and Jonah—though Accra remains Ghana’s financial epicenter.
8. What's unique about Kumasi’s wealthy?
They balance deep regional roots with national and international reach, combining tradition and modern enterprise.
Conclusion – The Future of Wealth in Kumasi
The Top 20 Richest Men in Kumasi and Their Net Worth (Forbes List 2025) reveals a city where tradition meets ambition. From mining moguls to real estate tycoons, media influencers, and financial leaders, these figures shape not only the Ashanti Region but Ghana as a whole.
Their journeys reflect smart investment strategies, leveraging networks and local culture. Crucially, many reinvest their earnings into education, infrastructure, and community well‑being—fostering a more inclusive economy.
As Kumasi accelerates its growth, the continued success and vision of these individuals will be essential in ensuring the city thrives—not just as a hub of wealth, but as a grounded catalyst for opportunity and prosperity.