Joseph Siaw Agyepong is one of the richest men in Ghana and owns over 60 companies with operations in over 16 sectors of the Ghana economy. How rich is he now?
In 2006, Dr. Siaw revolutionized Waste management in Ghana with the birth of Zoomlion Ghana Limited and the adoption and utilization of simple but modern technological methods of waste management at affordable and competitive rates.
An award-winning company, Zoomlion is the leading waste management company in Ghana through whose performance the Jospong Group boasts of three recycling companies, a sewerage treatment plant, transfer stations, medical treatment facilities, and landfill management among others.
The Jospong Group of Companies (JGC) in May 2023 entered into a historic international partnership with ZeroNox Inc., a leading provider of sustainable, off-highway vehicle electrification Company with the formal signing of the Joint Venture (JV) agreement to provide 1000 electric vehicles in Ghana.
The JV agreement which was signed at ZeroNox headquarters in the USA aims at advancing clean technology solutions in Africa.
The new agreement between ZeroNox and Jospong Group of Companies is a big win for Ghana and in the wake of his new deal, a lot of Ghanaians are in an inquisition about the founder’s fortune. So, how much is the CEO of Zoomlion worth right now? Here’s everything TheDistin knows about the grass-to-grace story of the self-made multimillionaire.
|Full Name:||Joseph Siaw Agyepong|
|Net Worth:||$300 million to $800 million|
|Source Of Wealth:||Self-made, diversified|
|Company:||Jospong Group of Companies and Zoomlion|
|Date Of Birth:||March 20, 1971|
|Age:||52 years old (as of 2023)|
|Birthplace:||Assin-Amoabeng, Central Region, Ghana|
|Education:||Teshie Nungua Preparatory School|
What is Joseph Siaw Agyepong’s net worth?
Dr. Joseph Siaw Agyepong, founder and Executive Chairman of the Jospong Group of Companies, can best be described as a Serial Entrepreneur with a penchant for identifying business opportunities across various industries.
He presently owns over 60 companies with operations in over 16 sectors of the Ghana economy and establishing himself as Ghana’s Most Diversified Business Group. Its success journeys beyond the boundaries of the gold coast with multinational employees including Americans, Asians, and other African nationals. He has employed over 30,000 people and has been awarded over 25 times.
So, how much is Joseph Siaw Agyepong’s net worth right now? From investing in the Ghc3 loan from his mother into a printing press and being a garbage collector, Dr. Siaw has a fat purse. Jospong Group of Companies, owner of JA Plant Pool and the CEO of Zoomlion, Dr. Joseph Siaw Agyepong has a current net worth between $300 million and $800 million. He is one of the wealthiest men in Ghana (a self-made millionaire to be precise).
How did Joseph Siaw Agyepong make his money?
Explaining how he became successful when speaking at the University of Health and Allied Sciences 6th Leadership Lecture Series in memory of the late President Evans Atta Mills, under whose tenure the University was established, he started his business by advancing his mother’s table-top stationery business into a Printing Press with a capital equivalence of three dollars.
According to him, after his second cycle of education, he quickly grabbed an opportunity to establish a printing press to meet demands in 1995. This gave birth to the Jospong Printing Press, which he established with a loan of GHC3.00.
With perseverance, commitment, and the guidance of God, Dr. Siaw managed the printing press efficiently and has since established several companies, hence the accolade “serial entrepreneur” bestowed on him.
Was Joseph Siaw Agyepong born into a rich family?
Dr. Siaw was born into a family of 17 children and he was the 5th among his siblings from his father’s side. Growing up was not good for him as he had to share a small household with his siblings and parents in Odubi during his early life.
After his basic education, he continued to the Royal Technical Institute at Nungua in Accra where he studied for the City and Guilds London Certificate, completed in 1990.
He, however, had to abandon his dream of becoming a pilot or marine engineer due to a lack of funds and join his mother who was operating a bookshop.
He detailed that he hawked exercise books on the streets of Accra for a period, where he learned a major skill in business.
“I learned some valuable marketing and negotiation skills on the job while selling my mother’s exercise books on the busy streets of Accra”, he said.
What was Joseph Siaw Agyepong’s first business?
Although he came from a long family with 16 other siblings, he was able to establish his first business from his mum’s bookshop and entirely managed it when she fell ill.
He went ahead to establish the Excellent Building and Construction Limited in 1996 and the Appointed Time Screen Printing Company after 4 years when he got an opportunity to print t-shirts for political parties during the 2000 electioneering campaign.
He is the CEO of Zoomlion Ghana
Upsurge in filth in Ghana leading to challenges in public health prompted him to set up Zoomlion Ghana Limited in 2006, which has become one of the leading waste management firms in Africa.
Zoomlion has since evolved from using locally produced tricycles to modern sophisticated waste management equipment, including road sweepers, and roll-on roll-off vehicles.
Dr. Siaw didn’t stop there, he is currently pursuing the objective of recycling waste and producing fertilizer to help curb the perennial shortage and hike in prices of the product in Ghana.
He eulogized the Late President Mills for his contribution to the development of his companies and his sheer leadership traits.
He indicated that “true leadership entails the continuous search for innovative solutions to our collective problems” adding that “true leadership entails serving our community and our country with humility and selfishness. Prof John Evans Atta Mills, the statesman, in whose honor we are having this commemorative event embodied these leadership skills”
Today, after consecutive years of success, an award-winning company Zoomlion Ghana Limited has brought forth other waste management companies in the supply chain, thus providing total and integrated waste management solutions nationwide and in five other African countries.
Dr. Joseph Siaw Agyepong’s profile in summary
Dr. Joseph Siaw Agyepong is a business magnate with decades of working experience in over 16 sectors in the Ghana economic sector. Just like a seed, planted with so much promise and blossoms into a tree of many branches, the Jospong Group currently operates in Waste, Sanitation, and Environmental Management; Banking, and Finance; ICT and Software development; Printing and Publishing; Automobile, Plant and Equipment; Building and Construction; Manufacturing; Ports Services and Logistics; Mining and Quarry; Agriculture and Agro Business; and Oil and Gas.