Kennedy Agyapong, the controversial former Member of Parliament for Assin Central, is no stranger to headlines, especially following his recent defamation case loss to investigative journalist, Anas Aremeyaw Anas.
While Agyapong’s legal battle has been widely discussed, a closer look into his financial assets has revealed his substantial wealth, ranging from multimillion-dollar properties to significant media holdings both in Ghana and abroad.
Following the resolution of his court case with Anas, more details about Agyapong’s expansive property portfolio have surfaced.
A thorough investigation by 3News has revealed that the business mogul owns several prime properties, including three notable estates in New Jersey, USA.
These properties include a $1 million West Orange residence, a Newark property purchased for $490,000 in 2005, and an East Orange property bought the same year for $365,000.
These properties alone represent a portion of his diverse and highly valuable asset collection, which is expected to have appreciated considerably over time.
In addition to his American holdings, Agyapong is also a major real estate player in Ghana, boasting an impressive portfolio of over 147 properties located in Accra, Kumasi, and Tema. Many of these properties are rented out, generating a substantial stream of income for the businessman.
Agyapong’s real estate ventures are just one aspect of his financial empire. He also owns several media companies, including Gold Coin Communication, The National Newspaper, and KenCity Media, which operates popular stations such as Spice FM, Ashh FM, Oman FM, and Net2 TV. Additionally, he owns the Hollywood Shopping Center in Ghana.
While estimates of his exact net worth vary, a 3News investigation has placed it somewhere between $120 million to $400 million, with Agyapong himself claiming that his wealth exceeds $400 million.
His substantial net worth is a result of his strategic investments in both the media and real estate sectors, which have yielded considerable financial returns over the years.
Despite losing his recent defamation case, which has seen him ordered to pay $18 million in damages to Anas, Agyapong’s wealth and business interests remain largely unaffected. His future political aspirations, including a potential presidential run in 2028, will likely continue to make him a prominent figure in Ghanaian politics and business.
Agyapong’s diverse portfolio and substantial wealth show that, even in the face of legal battles, he remains one of the wealthiest and most influential individuals in Ghana.
