Lifestyle

The eight richest families in Ghana

In Ghana, Osei Kwame Despite, Ibrahim Mahama, Sir Sam Jonah, and other prominent figures are typically mentioned while discussing the wealthy.

That isn’t precisely the most accurate representation of the topic, though.

The eight wealthiest families in Ghana are described in a movie that GhanaWeb Business saw that was uploaded by The Billionaire Chronicles.

Below is the list of these eight families in Ghana:

Irani Family

Two Lebanese brothers, Anthony and Edmond, migrated to Ghana and started producing wheat flour for the local bread and pastry industry.

Although the duo have since passed away, the business is still running.

The Irani family has a considerable net worth of US$800 million, making them the richest family in Ghana, according to the video.

Kalmoni Family

This family owns Japan Motors, Silver Star Tower, and Lakeside Estate.

Their net worth is said to be $700 million.

Awuah Darko Family

Upon returning from his studies abroad, Awuah Darko founded Marine and General Insurance Brokers in 1969.

He subsequently established Vanguard Group of Companies.

The Awuah Darko family, according to details from the video, is worth a staggering $650 million.

The eight richest families in Ghana

Milad Millet Family

Milad founded a textile corporation limited in 1958 with the primary focus on towel manufacturing.

However, in the 1980s, it rebranded to Shanti Spintex.

The details showed that in 1997, the company changed its name again to Printex.

The family’s wealth is estimated to be around $620 million.

Adamu Iddrissu Family

Adamu Iddrissu is the Founder of Global Haulage Limited and Royal Bank.

The Iddrissu family’s wealth is estimated to be around $550 million.

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The Hitti Family

In 1973, Robert Hitti established Qualiplast.

In 1992, the company underwent a name change to Duraplast.

This family owns Suvinil Paint and Ashfoam.

With their combined assets, the Hitti family’s net worth is $540 million, placing them in the top 1% of Ghana’s elite.

Azar Family

Elias Azar, a Lebanese migrant who settled in Ghana, founded Azar Chemical Industries as a family business in 1968.

Initially operating as City Paint, the company focused on trading building materials and importing paint.

The business is run by Ghazi Azar and Rustom Azar (deceased).

Details from, the video said that with their combined assets, the Azar family’s net worth exceeds $520 million.

The Bitar Family

John Bitar, a Ghanaian with Lebanese roots, together with his family, founded John Bitar & Co Ltd.

He started as a cash crop farmer in the Brong Ahafo Region in 1955, and his company has since flourished into Ghana’s top producer of high-quality wood products under the free zones initiative.

His net worth is said to stand at $450 million, making his family the eighth richest in Ghana.

 

 

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