Did you know Ghassan Yared net worth today makes him one of the richest men in Ghana? What is Ghassan Yared net worth? How did he make his millions?
- Full name: Ghassan Yared
- Nationality: Ghanaian
- Occupation: Businessman, Real estate, distribution, and others
Ghassan Yared rose from a very modest background into registering his name as one of the richest individuals in Ghana.
He is mostly known as the founder of Forewin which is a distribution & marketing company founded in 1993.
The outfit has many companies affiliated with it, including the online shopping platform Zoobashop, the Real Estate development Mabani Holdings, and a Heavy Machinery Dealership company known as HMD Africa.
Although a greater part of his wealth was acquired from the aforementioned investments, he has also made fortune in the transport sector where he has over 400 mobile vehicles. Yared has put in more than $150 million in his estate business.
How Much Is Ghassan Yared Net Worth?
Ghassan Yared net worth is $480 Million. Ghassan has been able to move his company quickly to carve a name for himself and a prominent place on the Ghanaian market map.
Forewin Ghana Group of Companies includes; Mabani Ltd, Mass Industries Ltd, Lewis FZE, Diplo FZE, Cape Trading Ltd, and HMD.
Forewin is the sole marketer and distributor of popular household brands like Peak Milk, St Louis Sugar Cubes, Titus, Sardine, Wrigley, Listerene, Red Bull, and GEISHA Mackerel.
From modest beginnings to a renowned entrepreneur, Ghassan Yared has been at the forefront of business innovations and practices ever since the beginning of his career.
Driven by a strong vision and an unflinching will, he has created enterprises that have become icons in the trade industry and also symbolizes a host of business success stories.
His business and managerial expertise started in the West African Sub-region, where he turned trading businesses into leading distribution and marketing companies.
Determined to expand his business horizon, in 1993 he founded in Ghana, his first venture, Forewin Ghana Limited that had become a leader and a reference in the field of distribution and marketing.
His passion and trust in Ghana drove him to attract investors and aggressively diversify into various sectors of the economy.
Believing in the abundant talents of professionals in Ghana, he built a strong management team that shared his vision and have now grown into a Forewin family in excess of 1500 members.
Today, Forewin Group became a conglomerate of various business entities leading the way in innovation to service his vision of Reaching out to the People of Ghana with a CSR is to continuously support the educational sector and communities where they operate.
Most of Yared’s wealth was obtained from Forewin, a company that has already established itself in the 10 regions of Ghana with deep penetration in 39 cities across Ghana.
Ghassan Yared has a large transport fleet of over 400 mobile vehicles which links the various regions of Ghana with the main office in Accra.
Yared is also 100 percent owner of Mabani Holdings Ghana Limited a real estate firm. Mabani recently signed a joint venture agreement with Actis, a private equity real estate investor in Sub-Saharan Africa, Actis has invested about US$ 150 million in real-estate development in Africa.
Mabani Holdings and Actis are currently working together on a 70,000-square metre mixed-use office, hotel, residential and retail development on a seven-acre site.
This property called ‘The Exchange’ will be a landmark development in the heart of Accra, close to Kotoka International Airport (KIA), and will house the first Radisson Blu Hotel in Ghana. This project is valued in excess of $80 million dollars.
The Group under his leadership includes the following:
Forewin Ghana Limited, a leading distribution, and marketing company with a nationwide infrastructure and an impressive brand portfolio; is servicing the Nation through dedicated channels and a fleet of vehicles in excess of 300.
Forewin exclusive network of 38 cash & carry outlets available in all the 10 regions of the country.
Mass Industries Limited, a 40,000m2 agro-food industrial complex in Tema, servicing the local market and the Ecowas region.
Diplo FZE Limited, a free zone duty-free network.
Mabani Holdings Ghana Limited, a real estate holding with an impressive property portfolio.
MHGL in partnership with Actis UK, is undertaking one of the largest mixed-use development in the prime airport area of Accra called THE EXCHANGE. A unique offering, the first of its kind; a place to live, relax, shop and work.
HMD Forewin Limited, an exclusive supplier of high-quality brands for construction, mining, earthmoving, asphalt, agriculture, recycling, and transportation machinery, in addition to building materials and plant equipment.
Offering full workshop facilities, spare parts, and after-sales service. The brand portfolio includes BOMAG, Doosan, Bobcat, Merlo, Cifa, Jab, and others.
Related: Bahati net worth and biography
How Ghassan Yared spends his money
He lives his life in order to fulfill his luxurious desires. Ghassan Yared also has a nice collection of cars in his garage.
Life lessons from Ghassan Yared
The cost of doing business is high, you need to create an economy of scale to cover your cost.
You need to have lots of flexibility, adjust your infrastructure and capabilities very quickly.
You need to be present, aware, and take swift decisions to survive. A continuous balance review between fix and variable costs is key.
You have to remember the value of your individuality that you have something special and different to offer that nobody else can’t.
There is nothing seen that wasn’t imagined. There’s no overnight success. You have to start by dreaming big and working towards your goal. Follow in her footsteps to start your own climb to the top.
Ghassan Yared favorite quotes
“True life is lived when tiny changes occur”
“Your life does not get better by chance, it gets better by change”
“Life is progress, and not a station”.
“Just when I think I have learned the way to live, life changes”
“Life is about change, sometimes it’s painful, sometimes it’s beautiful, but most of the time it’s both”
“Change is the essence of life – everything is in a process of moving, growing, adapting and changing, and change is the most important action that shapes the direction of life.”
“Only I can change my life. No one can do it for me”
“Life is its own journey, presupposes its own change and movement, and one tries to arrest them at one’s eternal peril “
“Your life does not get better by chance, it gets better by change “
“Life is changing. Growth is optional. Choose wisely”
“We change, whether we like it or not”
“If you don’t like something, change it. If you can’t change it, change your attitude”
“Change the changeable, accept the unchangeable, and remove yourself from the unacceptable.”
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”
Ghassan Yared Net Worth (Summary)
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