Kwame Despite Net Worth 2021 – Age, Height, Wife, Children, Despite Group

Kwame Despite net worth

Read the complete write-up of Kwame Despite net worth, age, height, parents, family, wife, children, Despite Group as well as other information to you need to know.

Introduction

Dr Osei-kwame, also known as Kwame Despite, is a level-headed businessman with a very good background in music production and knows the broadcasting industry like the back of his palm. He is one of the most successful and richest businessmen in Ghana.

Early

NameKwame Despite
Net Worth$800 million
ProfessionBusinessman
Height1.83m
Age59 years
Kwame Despite net worth 2021

Kwame Despite was born on February 2, 1962 (age 59 years) in Agona Wiamoase in the Ashanti Region, Ghana. He started life as a petty trader, dealing in music cassettes, padlocks, feeding bottles and other merchandise at Dunkwa-Offinso. After years of painful struggle in the village to make it in life, he joined other friends to seek greener pastures in Lagos, Nigeria.

Career

Kwame Despite returned home to Ghana in 1983 with millions of other Ghanaian refugees who had been forced to flee Nigeria due to the political tension in the West African country. He returned from Nigeria with only a chain-saw machine and a trident cassette player.

He started a timber contracting business with the chain-saw machine but fate dealt a cruel hand on him when the machine was crushed by a falling tree on his first business trip. Undeterred, he turned to his cassette selling trade until he resolved to solidify his vision to diversify his business.

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To demonstrate his singular support for the local music industry which was on a rapid decline then, and also put Ghanaian culture above all else, he went into radio and established the now famous Peace FM in 1999 at Mile 7 Junction.

The station’s experimentation with the Akan language worked to perfection as radio listeners in search of local content jettisoned stations that were broadcasting only in the Queen’s language for the 104.3 frequency.

Despite Group

Kwame Despite radio business began to thrive culminating in the setting up of Hello FM in Kumasi and OkayFM in Accra and peacefmonline.com. Now, the Despite Group of Companies (DGC) incorporated with only one company, Despite Productions now Despite stores (Distributors of Audio and visuals cassette and CDs) has now evolved and is the parent company of the following: 3 commercial radio stations, U2 Company Limited (Iodated Salt Production), Neat Foods Company Limited (which produces and markets NEAT Fufu, NEAT Banku, NEAT Abenkwan, NEAT Hausa Koko, NEAT Dairy Products), and the United Television (UTV).

Osei Kwame Despite’s educational background may be rich because he has an honorary degree from a British university. This is not a degree that Kwame attained based on merit or any other academic effort but because of his entrepreneurship efforts.

He believed that his efforts in forming the radio stations would be instrumental in educating the masses thus will play a role in ensuring that the community stayed informed and updated. His success and even more deserving status as a doctor shows how one can make a name for themselves when they combine practical solutions with knowledge.

He is noted for collecting luxurious vehicles and has a great love for exotic cars. He recently added the new Brabus, which is a high-performance vehicle to his car collection. The German BRABUS company specializes in Mercedes-Benz, Smart, and Maybach vehicles. Brabus became the largest Mercedes tuner, other than Mercedes-AMG which became a Daimler-Chrysler affiliate in the 1990s.

Osei-Kwame is the owner of the Despite Company Ltd which is a trading company and with subsidiaries in the media industry namely, PEACE FM which is the largest and the most popular FM station in the country, OKAY FM station, NEAT FM both in Accra and HELLO FM station in Kumasi.

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Dr Osei-Kwame set up NEAT FOODS LTD, which processes our local plantain, cocoyam, maize and palm fruits such as Neat Fufu, which has become a reference to the traditional fufu. He also owns a manufacturing company ANTONA FOODS LTD, producing the ever-popular THIS WAY chocolate drink and other flavours including the Motherlac cereal for children. Despite is a co-founder of a Salt mining company, U2 Salt, which is located at Winneba.

Dr Osei-Kwame with his partner co-founded the United Television (UTV) which is the leading TV station in the country. He is the co-founder and Vice-Chairman of Best Point Savings and Loans Ltd, a very renowned financial institution in the country.

Dr Osei-Kwame, a business connoisseur of no mean repute, his insight into creating job avenues for the jobless and relentless promotion of the Ghanaian Culture, has received numerous prestigious awards in the past which include an Honorary Doctorate Degree in Human Resource from Canterbury University, Honorary Ambassador of Business Entrepreneur in West Africa (Ambassador) and Honorary man of the moment, Ghana, West Africa.

He has also been awarded the Best Entrepreneur for Multimedia by the Entrepreneurs Foundation of Ghana under the auspices of the Ministry of Trade and Industries in 2013. Despite is a strong and devoted Christian.

Wife

Kwame Despite is married to Aunty Ewurama, He is blessed with a lovely wife and children. Kwame Despite has 9 children Kennedy Asante Osei, Henrietta Adwoa Osei, Anita Osei, Kwame Jnr, Nana Ama Osei, Saahene Osei, Damon Osei, Akosua Serwaa Nyarko, and Osei. His elder son Kennedy Osei Despite is the managing director of Despite Group of Companies.

Kwame Despite net worth

How much is Kwame Despite worth? Kwame Despite net worth is estimated at around $800 million which is approximately 4.8 billion Ghana cedis. His main source of income is from his private investments notably Despite Group of companies. Kwame Despite’s successful career has earned him some luxurious lifestyles and some fancy cars. He is one of the richest people in Ghana.