Meet the top 5 richest families in Ghana with over $500 million net worth

In Ghana, as in many other countries, a small group of families and individuals have accumulated enormous wealth through various industries and business ventures.

The top five Ghanaian families with a net worth above $500 million have been highlighted in this article.

At number five is the Adamu Iddrisu family with a net worth of $550 million. Alhaji Iddrisu is well-known as the founder of the defunct Royal Bank and Global Haulage Company. The latter company is actively involved in the cocoa evacuation.

The Millad Millet family takes the fourth spot, with a net worth of $620 million. Their wealth is self-made and stems from the textile industry.

The Ghanaian family of Lebanese descent established Millet Textile Corporation in 1958, which later became Printex, a popular and well-known textile brand in Ghana and other parts of the world.

The Awuah Darko family ranks third, with a net worth of $650 million. They are descendants of Nana Awuah-Darko Ampem, the originator of the existing Awuah-Darko Family. The family’s wealth is generated from its Vanguard Group of Companies.

The Kalmoni family’s wealth was acquired through inheritance and various businesses, notably Japan Motors. The family’s worth evolved through Kalmoni & Sons, established in 1912 by the grandfather of the present Kalmoni family.

Finally, the Irani family takes the top spot, with a net worth of $800 million. The family, also of Lebanese descent, comprises Edmund Irani and Anthony Irani, brothers who acquired their wealth from Irani Brothers & Others Limited, producers of wheat flour.

These families’ wealth reflects the significant potential for growth and profit in Ghana’s economy, which has attracted foreign and local investors alike.

Nevertheless, wealth inequality remains an issue in the country, with the majority of the population struggling to make ends meet. Encouraging inclusive growth that benefits all Ghanaians should be a priority for policymakers to ensure a more equitable distribution of wealth in the country.

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