Charles Ampofo’s story is a testament to the power of hard work and determination, and his achievements serve as an inspiration to many. This article is all about his background, career, and net worth, showcasing his journey from humble beginnings to becoming a billionaire business mogul and his demise.
Through his Kampac Group, he has created numerous job opportunities and made significant contributions to the economies of the countries where he operates. His success has also allowed him to give back to his community through various philanthropic initiatives.
As Charles Ampofo continues to expand his business empire, he remains an influential figure in the business world, leaving a lasting impact on those who follow in his footsteps.
Charles Ampofo, born in 1960 in Juaso, Ashanti Akyem District in Ghana, is the founder and Chairman of Kampac Group, based in Dubai, UAE. He grew up in a large family with eight siblings, and after his father’s death, the family faced financial struggles. Ampofo pursued his education, obtaining a degree from the University of Ghana.
Career and Achievements:
In 1988, Ampofo founded Kampac International PLC in Dubai, which now operates in 13 countries, including the UAE, Ivory Coast, the United Kingdom, Greece, Jordan, Nigeria, Senegal, Venezuela, Canada, Ghana, and South Africa. In 1999, he established Universal Transfer Service, a financial services and funds transfer firm that grew by more than 30% under his leadership.
Ampofo’s core business is Kampac Oil, which he listed on the Frankfurt Stock Exchange as Kampac International Plc in 2010, raising €1.2 billion to fund initiatives in Africa. The Kampac Group generates $3.4 billion in yearly revenue and is involved in various businesses, including Kampac Properties, Kampac Travels, Kampac Flora, Kampac Telecom, and Kampac Resources.
Under Ampofo’s guidance, Kampac Oil expanded its asset base in exploration and production, acquiring producing and near-production assets, and now controls eight oil blocks in Kazakhstan, three in Mauritania, two in Nigeria, and two in Senegal. The company’s asset in Kazakhstan produces 40,000 barrels per day, and the asset in Mauritania produces 35,000 barrels per day. Kampac also owns 40% of the Allem Transoil Refinery in Kazakhstan, with a refining capacity of 24,000 barrels per day, planning to raise it to 40,000 barrels per day with a $100 million investment.
Ampofo is also the founder of the world’s largest energy city in the Philippines, costing over $10 billion, which, once completed, will employ between 10,000 and 14,000 people. Additionally, Kampac Properties built the Kampac Twin Tower in Colombo’s commercial sector, and the company is working on a 10,000-housing project for the Ghana Police Service.
Charles Ampofo’s net worth is estimated to be around $1.46 billion before his demise, making him Ghana’s wealthiest individuals before his demise.
Is Charles Ampofo Alive?
Chairman of Kampac Oil PLC, Charles Ampofo, passed away in 2020 in Manila, Philippines, after a four-year-long battle with an illness. A close source to the family disclosed that the 60-year-old businessman passed away peacefully.
Prior to his illness, Charles Ampofo was working towards building one of the largest energy cities in the world, which was to be situated in Manila, Philippines. This ambitious project was aimed at providing clean and sustainable energy to millions of people and creating numerous job opportunities in the region.
Charles Ampofo was widely known for his remarkable achievements in the energy industry. He was a visionary entrepreneur who dedicated his life to building a better future for the people of Ghana and the rest of the world. His contributions to the development of the energy industry will be remembered for many years to come.
His passing is undoubtedly a great loss to his family, friends, colleagues, and the energy industry at large. Charles Ampofo will be missed dearly by all those who knew him, and his legacy will continue to inspire future generations to pursue their dreams and make a positive impact on the world.
Q: What is Charles Ampofo’s background?
A: Charles Ampofo was born in 1960 in Juaso, Ashanti Akyem District in Ghana. His father was a blacksmith, and he grew up in a large family with eight siblings.
Q: What is the Kampac Group?
A: The Kampac Group is a multinational company involved in various businesses, including Kampac Oil, Kampac Properties, Kampac Travels, Kampac Flora, Kampac Telecom, and Kampac Resources.
Q: What is Charles Ampofo’s net worth?
A: Charles Ampofo’s net worth is estimated to be around $1.4 billion.