ENRICO DE SIMONE

ENRICO DE SIMONE

$400 Million

CEO, DE SIMONE GROUP 

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Wealth: INHERITANCE, CONSTRUCTION

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Known For: DE SIMONE GROUP

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OVERVIEW

Enrico De Simone is a third-generation descendant of the founder of the company, Giovanni De Simone an Italian immigrant who settled in Ghana and established the construction firm in 1964. 

De Simone is one of West Africa's leading civil engineering and construction companies. With over 40 years’ presence in the country, it is the construction arm and flagship company of the De Simone Group, which comprises seven companies.

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NET WORTH SUMMARY

Enrico obtained his fortune through his inheritance of De Simone. The company employs over 600 personnel.

De Simone started an expansion programme into other West African countries and currently has operations in Burkina Faso (De Simone BF), Nigeria (Monterosa Constructions Ltd) and Liberia (De Simone Liberia Limited).

The company has built and refurbished several commercial and residential properties in Ghana, these include the Accra High Court, Kaneshie Market, Valco Trust House, Tobacco House, Achimota Brewery, Silver Star Towers, Kotoka International Airport, the Ghana Civil Aviation Authority building, the American Embassy and Accra Mall.

De Simone has also undertaken projects in Niger and Mali. In Mali, De Simone was directly involved in the construction of the entire infrastructure for AngloGold’s Yatela Gold Mine Project. 

The company has operations and executes projects in Mali, Niger, Nigeria, Burkina Faso and Liberia, with assistance from companies within the parent group.

De Simone also owns 80% of Eastern Quarries which is one of the largest quarries in Ghana in terms of concession size and production volumes. It has an estimated resource life of over 150 years. The company is the market leader for precast and quarry aggregates and  has 150 employees.

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