About Ernesto Taricone
Ernesto Taricone, born in Italy in 1948, is a Ghana-based industrial investor and civil engineer. He is the Executive Chairman and CEO of the Trasacco Group.
| Legal Name | Ernesto Taricone |
|---|---|
| Born | January 1, 1948 (Age 77 Years) |
| Nationality | Italy (Birth), Ghanaian (Citizenship) |
| Education | Civil Engineering |
| Children | Agata Taricone (Daughter) [1] |
| Networth | US$1.5 Billion ▲ (2025) |
| Siblings | 2 Brothers |
| Awards | Lifetime Award (2019, City Construction and Properties Awards) [2] |
Early Life and Background
Ernesto Taricone was born in Italy in 1948. In 1968, he moved to Ghana with his father and siblings. His father, Baron Fiore Taricone, had acquired land in Ghana, which later became central to the family’s business ventures. Taricone trained as a civil engineer and eventually ventured into business, establishing a strong presence in Ghana's real estate and construction sectors.
Business Ventures
Taricone is the Executive Chairman of Trasacco Group, which operates in various sectors of the Ghanaian economy. The group has several subsidiaries, including:
- Trasacco Estate Development Company (TEDC) – A real estate firm known for high-end housing projects such as Trasacco Valley and the Aurora Luxury Apartments.
- Casa Trasacco – An interior design company managed by his family members.
- TEDC Quarry – A stone quarrying business in Shai Hills with a production capacity of 60,000 tonnes per month.
- Michelleti & Co. – A construction firm involved in landmark projects such as the Accra Sports Stadium reconstruction and One Airport Square.
- Empire Builders Ghana – A real estate development company with 150,000 acres of land.
- Sant Agata Agricultural Property of Barone Taricone Ltd – An agricultural enterprise cultivating pineapples, bananas, and other crops on 52,000 acres of farmland.
- Ital Pre-stress and Construction Products Ltd – A manufacturer of prefabricated concrete sections and prestressed concrete products.
- Royal Aluminium Systems – A factory producing aluminum windows, doors, and curtain walls.
- Gulfwing Aviation Ltd – A helicopter service company providing transportation for commercial and passenger use.
- Fabi Timbers Ltd – A wood processing company exporting timber products to Europe and America.
Contributions and Recognition
Taricone has played a significant role in Ghana’s real estate development. His company, Trasacco Estate Development Company, has invested over $500 million in ongoing projects. The Trasacco Valley housing project is one of Ghana’s largest planned luxury residential developments, expected to be completed over a decade.
In 2019, he received the Lifetime Achievement Award at the City Construction and Properties Awards for his contributions to the housing industry in Ghana.
Personal Life
Ernesto Taricone is a Ghanaian citizen of Italian descent. He is known for his extensive business portfolio and investments in various sectors of Ghana's economy. His family is actively involved in the management of some of his businesses, including his daughter and nephew.
Legacy
Through his business ventures, Taricone has contributed to Ghana’s economic growth, particularly in the areas of real estate, agriculture, and construction. His developments have shaped Accra’s skyline and provided employment opportunities for thousands of people.