Ibrahim Mahama, founder of Engineers and Planners, is one of the wealthiest men in Ghana and Africa as a whole, but how does he make his money and what is his net worth?
Ghanaian businessman Ibrahim Mahama is known to possess a fortune, raking in millions of dollars, which he accrued from his various companies in Ghana and outside the country.
Despite his busy schedule, he makes time for himself, and for some years now, he’s been showing off his love for automobiles. Mostly, he is seen drifting in his exotic cars, and recently, a video of the founder of Engineers and Planners, the largest indigenous-owned mining company in West Africa, showing off his GH¢1.4 million sea breacher went viral on April 13th, 2023.
In the video, he drove the machine at top speed and flew in the air sideways as he flaunted his driving skills. Many people have been left in awe at the cost of the sea breacher, as others were amazed at the skills Ibrahim Mahama displayed on the Ada River. Since the video went viral on Twitter, many were curious to know how much the businessman was worth. Here’s everything we know about Ibrahim Mahama’s net worth.
Profile Summary
| Celebrated Name: | Ibrahim Mahama |
| Net Worth: | $860 million |
| Source of wealth: | Mining, construction, and civil works; hiring heavy-duty equipment; and consulting services. |
| Profession: | Serial entrepreneur |
| Date of birth: | January 29, 1971 |
| Age: | 53 years old (as of 2024) |
| Birthplace: | Tamale, Ghana |
| Current Residence: | Accra, Ghana |
| Nationality: | Ghanaian |
| Parents: | Joyce Tamakloe (mother) Emmanuel Adama Mahama (father) |
| Siblings: | John Mahama |
| Nieces: | Farida Mahama, Jesse Mahama |
| Nephews: | Shafik Mahama, Sharaf Mahama, Shahid Mahama |
What is Ibrahim Mahama’s net worth in 2024?
Ibrahim Mahama is one of the richest men in Ghana at the moment. The truth about his fortune is that there is no accurate figure as he has not come out to disclose how much he is worth to the public, but one thing we’re certain of is that he is filthy wealthy, with his fortune raking in millions of dollars. Some online outlets peg his current net worth at $1.5 billion while others peg his fortune at $860 million.
Ibrahim’s brother, John Dramani Mahama, is a well-known politician in Ghana who was once the president of Ghana. Dramani Mahama reportedly has a fortune of $900 million. There are some rumors that in Africa, presidents tend to make their immediate siblings rich so they will not be suspicious of using the country’s assets. Is that so for Ibrahim Mahama, or did he make his money genuinely?
How did Ibrahim Mahama become so rich?
The businessman in his 50s is a serial entrepreneur. From his background, TheDistin can confirm he is from an affluent family. He drew his inspiration from his father, Emmanuel Adama Mahama, who happens to be a renowned businessperson too. His dad was the former Minister of Agriculture and the First Minister of the Northern Region under the first President of Ghana, Dr. Kwame Nkrumah. His mother, Joyce Tamakloe, came from Keta in the Volta Region of Ghana. Michael majors in the mining industry, and most people recognize him from his managing role at the Engineers and Planners organization.
He is also the proud owner of various businesses in Ghana. He is a sibling of former President John Mahama. The tycoon has businesses linked to the mining industry.
Mahama started his company Engineers & Planners, in 1997, after his return from London. The company now employs over 3,000 Ghanaian employees. Mahama has also invested in Asutsuare Poultry Farms, which was started in 2004 and produces 150,000 eggs and 10,000 live broilers a day.
Mahama is also an investor at Dzata Cement Company, a fully Ghanaian-owned cement processing factory located in Tema. Construction of the factory began in 2011, and it started operations by the first quarter of 2018, projected to create 1,200 direct jobs. Its production capacity is projected to be 2 million metric tons of cement a year.
Ibrahim Mahama received the 2018 African Achievers’ Award in London for African Industrialist of the Year 2018 during the 8th edition of the African Achievers Awards that took place in the House of Commons in London. He uses a Bombardier 604 luxury private jet named Dzata and was the first individual to buy one in Ghana.
Following the loss of his mother to cancer, he has championed charity causes that create awareness of different types of cancer. He is a co-founder of the Joyce Tamakloe Cancer Foundation, which has raised funds for several hospitals in Ghana as a contribution to the fight against cancer.
The Foundation has provided free mammograms for over 1,000 women across Ghana. The foundation played a key role in ensuring breast cancer patients received treatment under the National Health Insurance in Ghana.
Ibrahim Mahama’s cars, houses, and private jet
Unlike Kennedy Agyapong who has revealed that he has over 100 houses across Ghana, the number of homes Ibrahim Mahama owns has not been disclosed. But he is surely living in Accra in one of the luxurious mansions. He has a house in his hometown, Tamale, as well.
Per his Wikipedia page, Ibrahim Mahama is the first person in Ghana to own a private jet. He uses a Bombardier 604 luxury private jet named Dzata for his businesses and easy-to-and-from movements in and outside the country.
He is a lover of automobiles and owns a fleet of exotic cars. He happens to be the first to buy a luxury Seabreacher. In 2021, a video from the harbor where the businessman’s Audi RS7 black optics were cleared went viral, and it has garnered over 400K views on YouTube. Some of his cars include a Porsche 911 Turbo S, customized Dzata Cement vehicles, a spotlighting boat, a Merced G-Wagon Barabus, and a Range Rover, just to mention a few.