Sierra Leone, just like many other countries in Africa, has its fair share of millionaires! If you are wondering how these people make their money, check out the information below.
The richest people in Sierra Leone make money from:
- Mining – Sierra Leone has abundant natural resources, including diamonds, gold, and bauxite. Several wealthy individuals have stakes in the country’s mining industry.
- Banking and Finance – Some of the wealthy individuals in this country have invested in banks, insurance companies, and microfinance institutions.
- Agriculture and Agribusiness – Large-scale farming in cocoa, coffee, and palm oil production is another source of wealth for affluent individuals.
- Real Estate and Construction – The increased demand for office buildings, infrastructure, and housing has made investors in the construction industry quite wealthy.
- Import and Trade – Importing essential goods like food, fuel, and vehicles into Sierra Leone and selling them at a profit has proved to be very lucrative for some individuals.
- Telecommunications – Internet service and mobile network providers can generate high revenues for their owners, investors, and stakeholders, due to the high demand for these products.
- Political and Government Contracts – These contracts are a lucrative source of wealth for well-placed individuals.
Top 5 Richest People in Sierra Leone
6. Isata Jalloh
- Isata Jalloh is a retail entrepreneur whose empire caters to a range of consumer needs, from groceries to electronics. She has a chain of stores across the country.
- This individual has a net worth of $230 million.
5. Foday Bangura
- Foday Bangura, an agricultural entrepreneur, has a net worth of $275 million. His agricultural operations focus on the export of coffee and cocoa.
- Through his agricultural activities, Foday Bangura has created thousands of local jobs and contributed significantly to the country’s GDP.
4. Joseph Koroma
- Joseph Koroma, one of the top 5 richest people in Sierra Leone, is actively involved in real estate ventures. His portfolio currently includes industrial, residential, and commercial properties.
- This man, who is worth $290 million, in addition to increasing his wealth, has contributed significantly to shaping the urban landscape within Sierra Leone’s major cities.
3. Agnes Mansaray
- Agnes Mansaray is a millionaire who has made her money from the telecommunications industry, through her company’s involvement in improving connectivity and access to technology in Sierra Leone.
- This lady currently has a net worth of $350 million.
2. Benjamin Kaifala
- Benjamin Kaifala, another of the top 5 richest people in Sierra Leone, has a net worth of $480 million. He is a key player in the diamond mining industry.
- This millionaire focuses on extracting and exporting high-quality diamonds to international markets. His diamond mining operation has led to the country’s recognition internationally as a leading source of diamonds.
1. Hisham Mackie
- Hisham Mackie is a prominent businessman in Sierra Leone. His company, H.M. Diamond, is the biggest diamond exporter in the country.
- This individual was born in Freetown, Sierra Leone, to a Sierra Leonean-Lebanese family that has dealt with diamonds since 1952.
These top 5 richest people in Sierra Leone have helped to shape the country’s economy through their diverse business interests.