Richard Nii-Armah Quaye Bio: Wife, Net Worth, Age, Children, Businesses, Parents, Private Jet, Cars, Family

Biography

Richard Nii-Armah Quaye is a renowned Ghanaian entrepreneur and business magnate.

He was born on March 21, 1985, in Jamestown, Greater Accra Region. He is the founder and board chairman of Bills Microcredit (formerly Quick Credit and Investment Micro-Credit Limited) and Quick Angels Limited, Ghana’s pioneering institutionalized angel investment company.

From modest beginnings, Quaye turned his early struggles into a flourishing business empire, providing equity financing and microcredit support to startups and SMEs across Ghana. His impact on entrepreneurship and economic growth has earned him multiple accolades, including the prestigious 2020 40 Under 40 overall award and the European CEO Entrepreneur of the Year title in 2020.

In March 2025, as he celebrated his 40th birthday, Quaye made headlines with the acquisition of a private jet and a Bugatti Chiron—powerful symbols of his extraordinary journey from selling local gin in Korle Gonno to becoming a key player in Ghana’s business landscape.

Early Life & Education

Richard Nii Armah Quaye was born on March 21, 1985, in Jamestown, a historic fishing community in Ghana’s Greater Accra Region.

Growing up in this dynamic yet challenging environment shaped his early years, instilling a deep sense of resilience and determination. As a Ghanaian of Ga ethnicity, he comes from one of Accra’s indigenous groups, known for their rich cultural heritage and perseverance. While details about his religious beliefs remain private, his upbringing in a Ga community likely exposed him to a mix of traditional practices and Christianity, which are prevalent in the region.

Born to Mr. and Mrs. Quaye, Richard has kept much of his family background out of the public eye, with little information about his parents and siblings. However, it is known that he was raised in a modest household, sharing a single room with his mother and sister.

He once recalled sleeping on a mat while his mother occupied the bed—an experience that reflects the financial struggles of his early life. Quaye engaged in small-scale trading as a young boy to support himself and fund his education, selling “akpeteshie,” a locally distilled dry gin, in Korle Gonno, a suburb of Accra. This early entrepreneurial hustle laid the foundation for his strong work ethic and business acumen.

Quaye is known to have pursued higher education at the University of Professional Studies, Accra (UPSA), where he refined his skills in business and finance. His academic journey and hands-on experience played a crucial role in shaping his career as an entrepreneur.

In addition to his formal education, he has been associated with prestigious institutions like Harvard Business School, where he has shared insights on entrepreneurship—an achievement that reflects his professional growth rather than his early education.

Career

Richard Nii Armah Quaye’s career is a testament to entrepreneurial resilience, innovation, and significant impact. He transformed his humble beginnings into a powerful presence in Ghana’s financial and investment sectors.

His journey started in the streets of Jamestown and Korle Gonno, where, as a young boy, he sold “akpeteshie” (local gin) to support himself and fund his education. This early exposure to business ignited a passion for entrepreneurship that would shape his future ventures.

In 2011, Quaye took a major step forward by founding Quick Credit and Investment Micro-Credit Limited, now rebranded as Bills Microcredit. Recognizing the lack of accessible financial services for small and medium-sized enterprises (SMEs) and individuals underserved by traditional banks, he built a microcredit institution that provided short-term loans with flexible repayment plans.

As founder and board chairman, he introduced an innovative, technology-driven, customer-focused approach that propelled Bills Microcredit into a leading force in Ghana’s microfinance sector, empowering thousands of businesses and individuals to achieve financial stability.

Quaye’s vision expanded in 2019 when he launched Quick Angels Limited, Ghana’s first institutionalized angel investment firm. Shifting from microcredit to equity financing, he focused on supporting high-potential startups and early-stage businesses. Through Quick Angels, he provides capital and mentorship, fostering entrepreneurship and bridging the gap between ideas and sustainable enterprises. His efforts have cemented his role as a key player in Ghana’s startup ecosystem.

Beyond these ventures, Quaye has demonstrated strategic foresight by diversifying into digital payments and financial inclusion, reinforcing his commitment to addressing modern economic challenges. His leadership and contributions to economic development have earned him numerous accolades, including the prestigious 2020 40 Under 40 overall award and the European CEO Entrepreneur of the Year title in 2020.

In March 2025, as he marked his 40th birthday, Quaye reached a symbolic milestone in his career. He made headlines with the acquisition of a private jet and a Bugatti Chiron—bold symbols of his remarkable journey from selling local gin to becoming a titan in Ghana’s business landscape.

Social Media

• Instagram: Richard Nii-Armah Quaye (@richardniiarmahquaye)
• Wikipedia: Richard Nii Armah Quaye
• Twitter: Richard Nii-Armah Quaye (@niiarmahquaye) · X
• LinkedIn: Richard Nii Armah Quaye – Quick Angels Limited

Personal Life

Richard Nii Armah Quaye, born on March 21, 1985, in Jamestown, Greater Accra Region, Ghana, is a renowned entrepreneur best known for founding Bills Microcredit and Quick Angels Limited. He is 41 years old, having recently marked the milestone with notable acquisitions, including a private jet and a Bugatti Chiron.

Quaye has been open about his marital history. He married at the age of 25 in 2010, but the marriage ended after approximately 10 years, around 2020. In a candid interview with Bola Ray (Nathan Kwabena Adisi) in March 2025, he confirmed his current single status, stating, “I’m a divorcee and currently searching for a partner.”

While his ex-wife’s identity remains unconfirmed in public records, speculation on platforms suggests her name might be Joana Quaye, with claims that they met in 2002 before marrying in 2010. However, this remains unverified and lacks official corroboration. Quaye has spoken about his efforts to save the marriage, describing the divorce as one of the more difficult moments in his life. Despite this, he remains focused on personal growth and family.

Details about his children are largely private, as he has not publicly confirmed whether he has any from his marriage. He was rumoured to be dating Mona Montrage, a Ghanaian socialite, influencer, and singer, popularly known as Hajia4Reall (Mona 4Reall).

These rumours surfaced prominently around 2023, fueled by their public interactions and the overlap of their high-profile lifestyles. Hajia4Reall, known for her lavish persona and social media presence, was spotted with Quaye at various events, leading to speculation about a romantic relationship.

The rumours gained traction amid Hajia4Reall’s legal troubles in the United States. She was arrested in November 2022 and later pleaded guilty in February 2023 to conspiracy to receive stolen money in a romance scam case. For this, she was sentenced to just over a year in prison in June 2023.

Since announcing his single status in 2025, he has expressed openness to finding a new partner, though no confirmed relationships have been documented.

Quaye’s height has not been officially recorded in credible sources. While some online claims suggest he stands at 6 feet 1 inch, these remain unverified.

Net Worth

Richard Nii Armah Quaye, a Ghanaian entrepreneur and founder of Bills Microcredit and Quick Angels Limited, is estimated to be worth between $50 million and $100 million.

His wealth is often highlighted by his recent high-profile purchases, including a Bugatti Chiron valued at approximately $4 million and a Gulfstream G200 private jet estimated at $23–$25 million, acquired for his 40th birthday. Local Ghanaian media and posts frequently label him a billionaire, citing his business ventures and luxurious lifestyle.

However, he does not appear on global wealth lists like Forbes or Bloomberg, suggesting his net worth may be overstated in popular narratives.

Based on his visible assets and business scale, conservative estimates place his net worth between $50 million and $100 million, though these figures lack independent verification and could be higher depending on the valuation of his companies and investments.