Here's Kwame Despite Net Worth

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By  | Jun 22, 2022, 02:59 PM  | Top of The

Kwame Despite Net Worth
Kwame Despite Osei, a 60-year-old businessman, was born in Ashanti Region in Ghana on 2nd February 1962. His dreams of running a business started in his early childhood when he was selling and dealing with cassettes, feeding bottles, padlocks and merchandise in his village.

After several years of struggling to make it in life, he left Ghana for Lagos with some of his friends to search for better opportunities. However, in 1983 he returned to Ghana alongside millions of refugees who had been deported and forced to leave Nigeria due to political tension in the country.

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Kwame Despite Business Career Journey 

(Image | Instagram)
On his return to his home country, he had a music cassette player and a chainsaw machine with him. Therefore, he used his chainsaw to start a timber contracting business which lasted for a very short period of time. 

On his first timber business trip, his chain saw got damaged and broken by a falling tree, making him quit his timber business. He then started a cassette selling trade which was his first step in the music business and determinant of his net worth. 

Despite diversified his business which made him support the local music industry in his country, which was on the decline. His career enabled him to establish a radio station called Peace FM in 1999 to help raise the Ghanaian culture.

The local content station aired in the Akan language, which attracted listeners searching for local content. The radio business thrived, making Kwame Despite establish other stations, HelloFM station that aired in Kumasi language and OkayFM in Accra.

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(Image | Instagram)

He then started peacefmonline.com, which is now the Despite Group of Companies (DGC) which also developed into Despite Stores, a parent company of Commercial Radio Stations, Neat Foods Company Limited and U2 Company Limited. 

The Neat Foods Company limited is involved in the production and marketing of major foods and foodstuffs in the country, such as Neat Banku, Neat Fufu, Neat Hausa Koko and other Dairy Products such as chocolates. 

His business success has impacted the lives of many people due to job opportunities and products and services. As a result, he received educational awards such as Honorary Doctorate Degree in Human Resources from Canterbury University and Honorary man of the moment in Ghana, West Africa.

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Kwame Despite’s Car Collection

(Image | Instagram)
Therefore, as of 2022, Kwame Despite net worth is reported to be over $ 1 billion, whereby his main sources of income emerge from his private investments, especially the Despite Group of Companies.

His wealth and success have made him acquire and purchase top-class and expensive cars, including the Lamborghini Veneno Roadster, Lykan Hypersport, Rolls Royce Sweptail, and Bugatti Chiron, among others, due to his love and thirst for exotic cars. Kwame Despite Osie's success and net worth, rank him among the top richest people in Ghana.

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Kwame Despite’s Son

(Image | Instagram)
Kwame Despite Osie's eldest son, Kennedy, is the General Manager of his father's Group of Companies due to his educational success, whereby he holds a Bachelor of Science in Business Administration from the University of Ghana and a Master's in Economics from the University of Birmingham.

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