This article contains the complete write-up of Kwame Despite Net Worth, his wife, children, Despite Media Group, his other businesses as well as other information to you need to know about the Ghanaian millionaire.
Kwame Despite Profile
Dr. Osei Kwame better known in the media circle as Kwame Despite, is a successful businessman with a rich background in music production and the broadcasting industry in Ghana. He is one of the most successful and richest businessmen in Ghana.
Kwame Despite was born on the 2nd of February, 1962 in Agona Wiamoase in Ashanti Region, Ghana. He celebrated his 60th birthday in 2022 in grandstyle after he purchased a customized $3million Bugatti Chiron for himself. The car caught the attention of the media as every one was talking about the car when it landed in his mansion in East Legon.
Kwame Despite started life as a petty trader by selling music cassettes, padlocks, feeding bottles and other merchandise at Dunkwa-Offinso. After years of struggling in the village to make earns meet, he joined other friends to seek greener pastures in Lagos, Nigeria.
Kwame Despite Career
Dr. Osei Kwame Despite was part of millions of other Ghanaian refugees who were forced to flee Nigeria in 1983 due to the political tension in the West African country back then. He returned from Nigeria with only a chain-saw machine and a trident cassette player.
He began a timber contracting business with the chain-saw machine but his machine was crushed by a falling tree on his first business trip. Not giving up, he turned to his cassette selling trade until he resolved to solidify his vision to diversify his business.
To demonstrate his support for the local music industry which was on a rapid decline back then due to the political landscape at the time, and also put Ghanaian culture above all else, he ventured into the radio business 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’s radio business culminated in the setting up of Hello FM in Kumasi, Okay FM in Accra and peacefmonline.com. Now, the Despite Group of Companies (DGC) which began as 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 companies: 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 has an honorary degree from a British university. This degree was not attained based on merit or any other academic effort; but it was due to his entrepreneurial 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.
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.
Kwame Despite Wife
Kwame Despite is married to Ewurama and is blessed with 9 children. Kwame Despite‘s 9 children are 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 $950 million which is approximately $1 Billion. Kwame Despite’s 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 flashy classy cars. He is amongst the richest people in Ghana.
Kwame Despite Cars
Osei Kwame is a man who has an unquenchable appetite for luxurious cars. Taking a look at his garage will leave you speechless. He recently added the new Brabus, 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.
The successful business mogul has to his name the following fleet;
- Lykan Hypersport
- Lamborghini Veneno Roadster
- Rolls-Royce Sweptail
- Bugatti La Voiture Noire
- Bugatti Chiron