What is Ernesto Taricone Net Worth in 2022?
- Ernesto Taricone Net Worth: $1.3 billion.
- Full Name: Ernesto Taricone
- Born: 1948
- Citizenship: Ghana (By Naturalization).
- Place of Birth: Rome, Italy.
- Source of Wealth: Business, Real Estate and Investments.
Ernesto Tarricone is the trassacco group’s manager and Chief Executive Officer (CEO). Trassacco Group, Mr. Tarricone’s company, employs about 4000 employees.
How much is Ernesto Taricone’s Net Worth?
The estimated net worth of Ernesto Taricone is $1.3 billion, making him the richest man in Ghana.
Ernesto Taricone used to be the second behind late Charles Ampofo, when talking of the richest men in Ghana, but has attained the first position of being Ghana’s richest man due to the demise of late Charles Ampofo.
Biography and Early Life of Ernesto Taricone
According to Oasdom, Ernesto Taricone was not born in Ghana; nonetheless, after spending most of his life in the nation, Taricone obtained Ghanaian citizenship through naturalization.
Ernesto Taricone, along with his two other siblings, were born in Italy before moving to Ghana. Ernesto was born in Rome, Italy, in the year 1948. In 1968, he relocated to Ghana with his father as a youngster for business reasons.
His family progressively began to establish their fingerprints on Ghanaian land after settling in Ghana through many commercial endeavors. As a result, Ernesto Taricone’s net worth is now estimated to be 1.3 billion USD.
Related: Aliko Dangote Net Worth & Biography.
Ernesto Taricone’s Career Journey
Ernesto’s fortune was amassed through his construction and real estate development company, Trasacco Estate Development Company.
The Trasacco Valley, which houses opulent estates, is its most popular project. Aurora Luxury Apartment is another project by Trasacco Estate Development Company that is estimated to be worth much than $400 million, with a final value of more than $500 million.
This estate’s properties are reported to be valued more than a million dollars each.
Taricone is a co-owner of Michelleti & Co., which he purchased with two partners in 2004.
Michelleti & Co has been in the building business in Ghana for almost 60 years. Its notable projects include the Accra Hockey Stadium and the restoration of the Accra Sports Stadium.
The business spent $10 million to create the premium 61-apartment Beaufort Ridge at North Ridge in Accra on behalf of Beaufort Properties; the World Bank Office at Ridge, Accra; and the One Airport Square skyscraper at Airport City in Accra.
Taricone possesses the Sant Agata Agricultural Property of Barone Taricone Ltd, which consists of about 52,000 acres of farm land dedicated to agricultural development. Taricone also has a 2,103-acre block of property set aside for tourism activities.
Royal Aluminum Systems is another TEDC subsidiary that manufactures aluminum items including windows, doors, and curtain walls.
The firm also has a segment dedicated to the production of glass and since its inception, the firm has held the lion’s share of the supply of glass and aluminum in Ghana.
The Gulfwing Aviation Ltd owned by Taricone is based at Kotoka International Airport. This firm provides air transportation services using helicopters and private planes.
This service has historically been utilized by Ghanaian government officials as well as prominent members of the Ghanaian society. Another notable industry that require the services of this organization include Ghana’s petroleum industry.
Taricone net worth increased significantly as a result of all these and has so far enabled him to be the richest man in Ghana with an estimated net worth of $1.3 billion.
Ernesto Taricone’s Recognitions and Awards
- Ernesto Taricone was appointed Honorary Consul of Ghana to Italy in 2016.
- In 2019, Taricone’s firm was named Construction Firm of the Year.
- Ernesto Taricone also got the Lifetime Award at the first City Construction and Properties Awards in October 2019.
Summary – Ernesto Taricone Net Worth
As already stated, Ernesto Taricone net worth is currently valued at $1.3 billion, which would also make him stand a chance to be listed among the top richest men in Africa in the coming years so far his net worth keeps on rising.
The majority of Ernesto Taricone’s company is concentrated on Ghana, with a concentration on agriculture, mining, forestry, construction, and real estate development.
Ernesto Taricone is a hard working man and his hard work has earned him the title of the richest man in Ghana.
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