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UT Bank founder Kofi Amoabeng says he now has only one shoe after selling his properties to pay debt

Kweku Sekyi by Kweku Sekyi
October 5, 2022
Reading Time: 2 mins read
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Popular businessman and founder of the now-defunct UT Bank, Dr Kofi Amoabeng, says he no longer needs money to live a comfortable life.

Mr Amoabeng, opened up about his current circumstances in an interview with TV3, claimed that in order to stay afloat, he had to sell a number of his properties including his mansion and Range Rover.

He added that his life has changed significantly following the collapse of his bank during the recent government of Ghana banking sector clean-up.

According to him, life has become simpler as he now has fewer possessions under his name.

He revealed that he owns just a shoe and a watch as he tries to live within his new-found modest lifestyle.

Notwithstanding losing a lot of valuables in life, Mr Amoabeng sounded very optimistic about the future because despite suffering a great financial loss, he still drives an Audi with a V8 engine.

In his own words;

“I have one watch, I have one shoe so I don’t need much money. I don’t have to have a lot of money to enjoy life…I don’t drive Range Rover any more, I drive a Lexus…I had to sell it (mansion) to organize myself not to get broke.”

 

 

 

 

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