Kevin Okyere is a Ghanaian entrepreneur and the CEO of Springfield Energy, with an impressive fortune. Details about his net worth explored.
The wealthiest men in Ghana are constantly changing, and sometimes it takes a while to discover a new name that surpasses the fortune of the well-known figures.
Unlike notable names like Dr. Osei Kwame Despite, Kennedy Agyapong, Nana Kwame Bediako, and Kwaku Bediako, who make the bulk of their fortune from real estate, Kevin Okyere is known for his successful oil company. The oil tycoon has made a substantial fortune in oil exploration.
At age 38, the now 44-year-old businessman was featured on Forbes for his impressive oil and gas company. Forbes has named Kevin on the list of the ‘5 Young African Millionaires to Watch’ out for, so it is only right to speculate that he has an impressive net worth.
Oil mogul Kevin Okyere, the founder of the Springfield Group, is a well-known figure in Ghana’s oil markets, known for his exceptional work ethic and entrepreneurial attitude.
Springfield Group, which is the company of this oil tycoon, makes $1 billion in annual revenues and owns an 82% interest in the West Cape Three Points Block 2 offshore Ghana (WCTP2), a region that was formally owned by Tullow Oil and Kosmos Energy, per Yen.
Since his appearance on Forbes’ List, a lot of people have been curious to know more about his financial status. A lot of questions are being asked about him, like how much he is worth, how many houses he owns, and what cars he drives. Here’s what TheDistin knows.
|Full real name:
|$800 million to $1.2 billion (estimated)
|Source of wealth:
|Date of birth:
|Place of birth:
|Mr. and Mrs. Okyere
|Opoku Ware School
George Masons University in Virginia, United States
How much is Kevin Okyere’s net worth?
Okyere was born into a rich family. Kevin’s father came from the Ashanti region of Ghana and had made a lot of wealth in the construction industry. In addition to making massive wealth in the construction sector, Okyere’s father also made a fortune in steel manufacturing, large-scale farming of cocoa, and timber. In all, his father was a wealthy dealer and industrialist. These ventures helped him acquire a lot of wealth.
Of course, since his dad had money, he had women too; he gave birth to 27 children, including Okyere, with different women. Out of Kevin’s 27 siblings, 3 or 4 are late; he revealed this in 2019.
His family’s wealth helped him attend one of the best schools in the world. He disclosed that after secondary school, he attended George Mason University in Virginia, United States.
According to Kevin Okyere, although he was born a ”chip off the old block” he didn’t take the opportunities that came to him for granted.
Okyere reveals he organized his friends, sold water at Kotoko matches in Kumasi to gain entry, and also worked as a student to pay his way through school.
He credited his mother for his success, as she had always encouraged him to build his wealth. ”There is a great deal of difference between ‘this is ours’ and ‘this is mine,” he said, per MyNewsGH.
So, what is Kevin Okyere’s net worth? Kevin Okyere is an entrepreneur in the oil industry in Ghana. The founder and chief executive officer of Springfield Energy currently has a net worth of $800 million to $1.2 billion. This makes him one of the richest young men in Ghana in 2024.
What cars does Kevin Okyere own? Although the Ghanaian oil mogul does not like to flaunt his wealth and is secretive about his personal life, he can afford to buy any car he wants thanks to his millions, or perhaps billions, of dollars in wealth. On the other hand, NewsGhana revealed back in 2015 that the CEO of Springfield Energy Ltd. had secretly acquired a brand-new 2016 Mercedes-Benz AMG S-Class GTS coupe, a high-end sports vehicle with an estimated retail price of between $150,000 and $250,000.
Even though he came from an affluent background, Kevin Okyere used to be a hawker on the street.
When Okyere was eleven years old, he began selling iced water to soccer players at Kumasi Sports Stadium in Ghana. Given that he came from a wealthy family, this act shocked many people who knew him. However, those who did know him believed this was only the start of his outstanding entrepreneurial career, which appears to have paid off because Kevin is now one of the most well-known people in Ghana.
When people go on vacations, the goal is usually to escape work and have a good time. Since his father had massive wealth, he used to take the family on vacations in London. During this period, one would expect the dapper entrepreneur to chill and have a good time. Rather than enjoy the holiday, Okyere opted to take on jobs with textile industries that were in the United Kingdom during these vacation trips. It goes to show you the entrepreneurial spirit in this clean-cut 43-year-old.
Given the entrepreneurial spirit in Kevin, it comes as no surprise that, twelve years later, he became the founder and CEO of the billion-dollar oil company Springfield Energy. Springfield Energy was founded in 2012. Since then, Okyere has been able to raise the annual revenues of Springfield Group from a $70 million investment to $1 billion. It has made him acquire so much recognition throughout Ghana and the world, earning him the title of multifaceted Ghanaian oil giant.
Springfield has employed hundreds of people, both from Ghana and Nigeria. According to Forbes, the oil tycoon states that his company has no room for failure since it is the first Ghanaian company to venture into oil exploration, making it a good role model for firms looking to venture into the upstream sector.
It is not every day that one finds an individual with the zeal and entrepreneurial spirit of Kevin Okyere. His enthusiasm and determination go back to when he was eleven and used to sell iced water to football players, and during his vacation trips, he opted to work instead of relaxing.
Explaining how the name ”Springfield” came about, Kevin Okyere said:
”I went to school in George Masons University in Virginia and it (Springfield) is an area. I know. But the name Springfield actually comes from, you know, when things are springing up. When opportunities are gushing… ideas are gushing out. When Blessings are gushing out… oil and gas are gushing… When plants, I mean on the farm are gushing out,” he said making eruption gestures with his hands.
In 2014, Kevin Okyere bought a £4.5 million mansion in London, and the purchase documents were tied to Diezani’s looting
A report by the SaharaReporters reveals that Kevin Okyere almost found himself in a legal issue after a mansion he purchased on May 30, 2014, for the astonishing sum of £4.5 million, was tied to a Nigerian politician who was alleged to be involved in money laundering.
The outlet adds that the documents about his mansion proved he had connections with former Nigerian Minister for Petroleum Resources, Diezani Alison-Madueke, who was alleged to have been involved in a legal battle.
On Friday, October 2, 2015, Diezani Alison-Madueke was arrested, along with four other individuals ages 30–60, by agents of the UK National Crime Agency (NCA) for financial crimes of bribery and money laundering, according to a press release by the NCA.
The next Monday, October 5, UK police filed a request to seize £27,000 that had been discovered with Mrs. Alison-Madueke by British authorities, using the powers outlined in the Proceeds of Crime Act 2002. Beatrice Agama, the mother of Alison-Madueke, was also detained with £5,000 and $2,000.
A third individual, who happened to be the Ghanaian man’s wife, Melanie Spencer, had £10,000 detained by British authorities operating under the Proceeds of Crime Act.
Since the detention of these funds, SaharaReporters found that Melanie Spencer, implicated in the NCA’s investigations with Alison-Madueke, is a resident at 14A St Johns Wood Road, NW8 8RE, in London.
According to UK Land Registry documents obtained by SaharaReporters, the purchase was financed by Standard Bank Isle of Man Ltd. Law enforcement agents in the UK told our reporter that the loan obtained from the bank in the Isle of Man is highly suspicious as it shows that Mr. Okyere was using the loan to hide his money laundering activities.
It’s already been 9 years since this legal issue ensued, and for now, there haven’t been any details about the case.