“My wealth is so large, I can’t even spend 2% of it” – Richard Nii Armah Quaye

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Richard Nii Armah Quaye (RNAQ)

Richard Nii Armah Quaye, a Ghanaian business mogul, has revealed that his wealth is so large that he can’t even spend 2% of it.

According to Richard Nii Armah Quaye, he used to spend about 20% of his income, and now he cannot even he used to spend about 20% of his wealth.

Speaking in a video shared on X, Richard Nii Armah Quaye, while delivering a speech, stated, “As you continue to grow, your income begins to increase, so the 20% will also continue to increase for you. As I speak to you now, I am still spending below 20% of my income”.

“In fact, looking at where I am in life and where I started, I was around the 20% mark. But as you move forward and your worth becomes bigger, now I take about 2% of my worth, and I can’t even spend it,” he added.

Some netizens reacting to Richard Nii Armah Quaye’s speech stated, “The wisdom of this world often only creates wealth – it rarely transforms a nation. True success in the sight of God is measured not by figures, mansions, or companies, but by the love, kindness, and impact we have on the lives of others.

Many millionaires and billionaires are driven by ambition because in a world where billions are in need, it is impossible to meet everyone’s needs. Wealth is often built on the labour of others, such as farmers, whose work supports our sustenance and prosperity. Without them, even the richest could not rise.

Some use their wealth to help a few, but true greatness lies in using resources to transform a nation, not just selected individuals.

Wisdom without humility, generosity, and purpose is hollow. The greatest legacy is measured by lives uplifted, justice fostered, and a lasting positive impact on humanity”.

An X user added, “These guys talk so much, and we don’t see anything extraordinary they’re doing, everything this guy is doing in Ghana is something common among Nigerian millionaires, Burna Boy can go ban for ban with him, and he may pass him, you will never hear Aliko Dangote speaking this way”.

“I admire the wealthy in Ghana so much. I pray I become like them or surpass them. My humble appeal to the wealthy in Ghana is that they come together and forma consortium to do a light rail for east and western Accra. Using the median of the roads and a sky rail above. Possible”, a netizen added.

“So if you’re earning 2000gh, you should be spending 400gh every month? Light bill, t&t, food, water bill, etc., all should be deducted from the 400gh. Magicians can’t even perform this magic”, one X user added.

In related news, Kwadwo Twum-Boafo, the CEO of Financial Intelligence Centre (FIC), has said Richard Nii Armah-Quaye should not have drawn attention to himself.

According to the FIC CEO, his agency looked into the operations of Richard Nii Armah-Quaye’s businesses and taxes and noted the former BILLs CEO shouldn’t have attracted attention.

In a post on X shared by CDR Africe, the FIC CEO has stated, “We did a thorough investigation into Richard Nii Armah-Quaye’s operations, businesses and taxes, and we found that perhaps what he shouldn’t have done was attract attention”.

Kwadwo Twum-Boafo’s remarks follow, the FIC clearing both Daniel McKorley, popularly known as McDan, and Richard Nii Armah-Quaye of any wrongdoing.

The two Ghanaian businessmen have been cleared following detailed investigations into their financial transactions.

Ing. Kwadwo Twum Boafo, in an interview with GHOne TV, stated, “McDan’s issue has been resolved. That is why I keep saying we don’t do personal vendettas. You can speak with him… His accounts are unfrozen.

“The accounts of Richard Nii Armah-Quaye were frozen, but they have been unfrozen now because there was a determination that there was no need for it to go forward,” Ing. Boafo said.

Ing. Kwadwo Twum Boafo detailed that both men cooperated fully with investigators during the process.

He explained, “He came here, sat down with us and gave a thorough explanation of what he does, and there was no problem. We deal with people fairly, there are no personal vendettas”.

Watch the video below: