DR. OSEI KWAME DESPITE
Dr. Osei Kwame Despite is a distinguished Ghanaian entrepreneur and philanthropist known predominantly as the founder of the Despite Group of Companies. He presides over many companies that span many industries, including agriculture, media, and finance.
Dr. Despite was born on February 2, 1962 in Wiamoase—a small semi-urban community in the Ashanti Region of Ghana. He is a well-known gentleman in the country, and as of 2024, he was 62 years old. He will never stop inspiring others in his country who wish to emulate him as an entrepreneur.
HIS LIFE STORY
Dr. Despite was born into hardship, so he was once poor. He began working to support himself and his family by petty trading in Dunkwa-Offinso, also in the Ashanti Region.
He later explained that it was not an easy beginning for him, but he found himself learning and growing as an entrepreneur.
To make a better living, he traveled to Lagos, Nigeria, in the company of his friends in search of better days. Unfortunately, Dr. Despite’s journey was cut short with the political turmoil in Nigeria in 1983 and he was deported alongside many Ghanaians; he went home to Ghana with only a chainsaw and cassette player. After facing another hurdle, Dr. Despite had to accept what was a new normal but got creative!
HIS TURNING POINT
When he returned to Ghana, he started lumbering with his chainsaw, but it was not sustainable.
He then started selling music cassettes, which laid the groundwork for his accomplishments after years of efforts and persistence, ultimately leading to the establishment of a radio station known as Peace FM in January 1999.
During the years that followed, Peace FM became a staple within the communities it served, followed by the establishment of more media corporate entities, Including Okay FM, Neat FM, and Hello FM.
The Despite Group of Companies has grown into one of the largest media conglomerates in Ghana.
EXPANDING HIS EMPIRE
Dr. Despite’s businesses did not stop at media. He owns Antona Foods Limited, producers of “This Way” products, and Neat Foods Limited, producers of Neat Fufu, Neat Plantain, Neat Hausa Koko, and Neat Palm Nut Soup. He, his close friend, and his business partner co-own the following companies:
United Television (UTV): A competitive television channel in Ghana.
U2 Company Limited: Producers of U2 Iodated Salt.
Best Point Savings and Loans Limited: A loan financial organization throughout Ghana.
HIS LIFESTYLE AND ASSETS
Dr. Despite’s fortune is apparent in his lifestyle and his luxury cars. He has a lavish mansion in East Legon, Accra, along with some of the most expensive cars in the world. There are many examples of these cars, but here are a few:
Bugatti Chiron ($3 Million)
Lamborghini Veneno Roadster
Bugatti La Voiture Noire
Rolls-Royce Sweptail
PHILANTHROPY
Dr. Osei Kwame Despite is now giving back to the society by donating substantial amounts of money and funds to poor and needy individuals. His philanthropy and large donations to poor and needy people show that he belongs in the category of a businessman and philanthropist with a heart of gold.
HIS NET WORTH
As of 2024, Dr. Osei Kwame Despite’s net worth is approximately $800 million, placing him as one of the wealthiest individuals in Ghana.
FAQs About Dr. Osei Kwame Despite
How many wives does Dr. Osei Kwame Despite have?
He has only one wife.
Is Dr. Osei Kwame Despite the richest man in Ghana?
No, he is not the richest man in Ghana but one of the richest men in Ghana.
Who’s wealthier Cheddar or Dr. Osei Kwame Despite?
Dr. Osei Kwame Despite is wealthier than Cheddar.
How old is Dr. Osei Kwame Despite?
He was 62 years old in 2024.
FINAL THOUGHTS
Dr. Osei Kwame Despite’s story from a petty trader to business titan is a very inspiring journey; he shows that through hard work, persistence, and vision anyone can achieve their goals and dreams.
He is recognized as a business billionaire; his contributions to society and his skillful funding of initiatives that provide individuals with meaningful resources demonstrate that he is one of Ghana’s economic icons and beyond.
