Richard Nii Armah Quaye: GH Billionaire's Wealth Explained, Says He Used To Sell Akpeteshie

• Several moments of Bills founder Richard Nii Amah Quaye's explanation for his wealth continue to surface online
• A new report indicates that the entrepreneur was once a peddler of local gin, akpeteshie, in Jamestown, Accra
• This has garnered significant traction on social media as Ghanaians continues to obsess about his source of wealth
• YEN.com.gh spoke exclusively with Edwin Yeboah, a business consultant, on what key points young people can pick from Richard Nii Armah Quaye's story

Ghanaian entrepreneur Richard Nii Armah Quaye is about to host one of the most talked-about events in Ghana's history at Independence Square - his 40th birthday.

Influential personalities across the continent from, Nigerian business mogul Aliko Dangote to Tanzanian influencer Diamond Platinumz, are expected to be at the event.

Before the birthday, Nii Armah Quaye splashed millions on a Bugatti Chiron and a private jet.

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His display of wealth has got many obsessing over his background and income streams.

In a recent issue of the Business and Financial Times, Richard Nii Armah Quaye detailed his journey to his billion.

According to the Bills founder, he had to sell local gin (akpeteshie) at a point in his life at Korle Gonno.

He talked about his humble beginning in a sit-down with media executive Bola Ray. In the same interview, Nii Armah Quaye recounted his days as a dishwasher when he was trying to build his fortune.

Richard Nii Armah noted that he was a diligent and hardworking employee who could wash five thousand plates daily.

His humble beginnings helped him build his business empire. By 27, he had become a millionaire, and now that he has made a billion, Richard Nii Armah Quaye says he's considering retiring.

List of Richard Quaye's businesses and investments

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From selling akpeteshie at a young age to becoming a dollar millionaire at 27, Richard Nii-Armah Quaye has grown his business by leaps and bounds.

Through his Quick Angels, he has set up and/or invested in about 29 businesses across the world. These businesses include Bills Micro Credit (formerly Quick Credit), Lynx Entertainment, Alcilla Farms, Burger King, and Pizzaman Chickenman, among others.

Ghanaians react to the Bills founder's story

YEN.com.gh gathered a few comments from Ghanaians in reaction to Richard Nii Armah Quaye's background selling local gin in Jamestown.

@KoJJoMilan said:

"Yeah, Sam Benette, Big Ben, Mr. Poku, Benjilo...but that was the first format wonna society accepted so make e dey and all except Lobsters, have proven to be valid."

@Brefo20 wrote:

"The Akpeteshie n gɔbɛ stories at their age deɛ e no be normal. The ppl you mentioned nu them grow o. Over 60 o."

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@KobbyMingz wrote:

"Someone say he wash over 5000 plates wey he sanso sell akpeteshie you lot shock, this be story? Unless We no touch some crazy money you people go hear am."

@PUNsCHLINES noted:

"This man used to sell Akpeteshie. Now that God has blessed him with wealth he's discriminating and rather inviting the rich people and sidelining the poor who he started with. It's sad because all these rich people never knew and cared about you."

YEN.com.gh spoke exclusively with Edwin Yeboah, a business consultant, to share his opinion on the inspirational journey of Richard Nii Armah Quaye. He also shared what he believes the story can do for the Ghanaian youth.

"Richard Nii Armah Quaye’s journey is a testament to the power of adaptability and strategic growth. His transition from selling "Akpeteshie" to building a thriving business empire underscores the importance of starting with available resources, reinvesting profits wisely, and scaling strategically," he said

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"For young entrepreneurs, the key takeaways are financial prudence, resilience in the face of setbacks, and the ability to identify market opportunities," he added.

Bills founder dines with Kwame Despite

Earlier, YEN.com.gh reported that Richard Armah Quaye had personally called on Osei Kwame Despite to invite him to his upcoming birthday.

A video of the business moguls, which has surfaced on social media, triggered conversations about the Bills founder's wealth.

The 40-year-old billionaire was spotted with the Despite as they enjoyed a meal together ahead of the party.

Source: YEN.com.gh