The 10 richest men in Guinea in 2024

Wealth is often viewed as a measure of success and power, and as such, people are often curious about who the richest individuals are in a given country. Knowing the wealthiest people can provide insight into the economic and social landscape of a nation, and can also be a source of inspiration or envy for others.

In Guinea, the 10 richest men in 2023 represent a diverse range of industries and backgrounds, from mining to finance to telecommunications. Their wealth is a reflection of both their individual achievements and the broader economic opportunities available in the country.

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I. Introduction

Guinea is a resource-rich country with a developing economy, and its wealthiest citizens are primarily involved in industries such as mining, finance, and telecommunications.

The top 10 richest men in Guinea in 2023 are individuals who have amassed significant wealth through their entrepreneurial endeavors and have contributed to the growth and development of the country's economy.

In this article, we will take a closer look at each of these individuals and their respective businesses, as well as the impact they have had on Guinea's economy and society as a whole.

Overall, the success of these individuals is a testament to the potential for growth and prosperity in Guinea and highlights the importance of fostering a supportive business environment for entrepreneurs and investors.

II. Who are the 10 richest men in Guinea?

1. Diallo Sadakadji

Estimated net worth: Є100 million
Origin of wealth: Real estate, shopping infrastructures, goods distribution
Age: 70

Amadou Oury Diallo, known as Diallo Sadakadji, is one of the wealthiest men in Guinea, with an estimated net worth of Є100 million. He made his fortune through a diverse portfolio of businesses, including investments in shopping centers, real estate, and distribution goods.

His success has made him a prominent figure in the country's business community, and he has been recognized for his contributions to the economy of the country.

In addition to his business ventures, Sadakadji is also known for his philanthropic efforts, particularly in the areas of education and healthcare.

His story is just one example of the potential for wealth and success in Guinea and serves as an inspiration for other aspiring entrepreneurs and investors. With a supportive business environment and a willingness to take risks, there is no limit to what can be achieved in this country.

Read Diallo Sadakadj's full biography here

2. Ali Saadi

Estimated net worth: Є90 million
Origin of wealth: Fishing industry, real estate, agriculture
Age: 79

Ali Saadi is another of Guinea's wealthiest men, with an estimated net worth of Є90 million. The Guinean of Lebanese origin the owner of the fishing company SONIT in Guinea. He also invests in real estate, agriculture, and cocoa sectors.

Saadi's success in the fishing industry has made him a major player in the country's economy, and his investments in other sectors have further solidified his position as one of Guinea's top businessmen.

Like Sadakadji, Saadi is also known for his philanthropic efforts, particularly in the areas of education and healthcare. These two successful businessmen, Sadakadji and Saadi, are shining examples of the potential for wealth and success in Guinea.

Their entrepreneurial spirit and willingness to take risks have paid off, not only for themselves but also for their country through their philanthropic efforts.

Read Ali Saadi's full biography here

3. Kerfalla Personne Camara

Estimated net worth: Є70 million
Origin of wealth: Construction, real estate, goods distribution
Age: 50

Another prominent figure in Guinea's business world is Kerfalla Personne Camara (KPC), with an estimated net worth of Є70 million. KPC is the Chairman and CEO of the Guicopres group, a major player in the construction and real estate sectors in Guinea.

The group is structured around four activities including construction with Guicopres BTP, construction of housing and infrastructure with Kakande Immo, commercial representation and mass distribution with Guico Multiservices International, and import-export with Nalou Transit.

In addition to his business ventures, Camara is also the President of Hafia Football Club, one of the top football clubs in the country. His success in multiple industries has made him a respected figure in Guinea's business community, and his contributions to the country's economy cannot be overlooked.

With entrepreneurs like KPC, Guinea has the potential to continue to grow and thrive economically, attracting more investors and creating more opportunities for its citizens.

Read KPC's full biography here

4. Mamadou Antonio Souaré

Estimated net worth: Є65 million
Origin of wealth: Marketing, sport, real estate
Age: 69

Mamadou Antonio Souaré is another notable figure in Guinea's business world, with an estimated net worth of Є65 million. Antonio is the President of Business Marketing Group, a leading marketing and communication agency in Guinea.

He is the Boss of Guinee Games, a popular gaming company in the region as well as the President of Horoya AC Football Club, one of the most successful football clubs in the country.

Antonio has also founded Yorokoguia Sports Center, a sports center located in Yorokoguia in Dubréka. It serves as the headquarter of the Antonio Souaré Football Academy (AFAS), an academy that offers a comprehensive program that focuses on technical skills, tactical understanding, physical fitness, and mental toughness.

Mamadou Antonio's success in both the business and sports industries has earned him a reputation as a dynamic and influential figure in Guinea's economy.

As more entrepreneurs like Antonio Souaré emerge in Guinea, the country has the potential to attract even more investment and create more opportunities for its citizens, leading to further economic growth and development.

Read Antonio Souaré's full biography here.

5. Fadi Wazni

Estimated net worth: Є60 million
Origin of wealth: Mining, transport, trading
Age: 65

Another prominent figure in Guinea's business world is Fadi Wazni, a Franco-Guinean businessman of Lebanese origin, with an estimated net worth of Є60 million.

Wazni is the CEO of United Mining Supply Company, a leading mining and logistics company in Guinea, and the founder of SMB-Winning Consortium, which focuses on the extraction, production, and transport of bauxite in Guinea.

Fadi Wazni has made a name for himself in the mining and transportation industries. He is widely regarded as one of the richest men in Guinea, thanks to his successful business ventures and savvy investments.

In addition to his business ventures, Wazni serves as the Honorary Consul of the Netherlands in Guinea, further solidifying his position as a respected and influential figure in the country.

Guinea has seen the rise of successful entrepreneurs such as Fadi Wazni, who have made significant contributions to the country's economy through their businesses and leadership roles.

Read Fadi Wazni's full biography here.

6. Mamadou Saliou Diallo

Estimated net worth: Є50 million
Origin of wealth: Flour industry, construction, goods distribution
Age: 62

Mamadou Saliou Diallo, sometimes referred to as Diallo Sonoco, is another notable entrepreneur in Guinea, a self-made man with an estimated net worth of Є50 million. Mamadou Saliou is the founder of Groupe Sonoco, a conglomerate that operates in import-export, flour production, and construction.

Despite facing many challenges in his early life, including poverty and lack of access to education, Diallo was determined to succeed and make a name for himself.

He started his career in business by selling produce in the local market, and over time he expanded his operations to include flour production, construction, and general commerce.

Today, Mamadou Saliou (Sonoco) is one of the richest men in Guinea and is known for his entrepreneurial spirit and commitment to giving back to his community. Through his leadership, he has helped to create jobs and boost economic activity in Guinea, particularly in the construction sector.

His success serves as an inspiration to aspiring entrepreneurs in the country, showing that with hard work and dedication, anyone can achieve success in business.

Read Mamadou Saliou Diallo's full biography here

7. Ansoumane Kaba

Estimated net worth: Є40 million
Origin of wealth: Public work, construction, mining
Age: 64

As one of the most successful entrepreneurs in Guinea, with an estimated net worth of $500 million, Ansoumane Kaba is another prominent figure in Guinea. The founder and CEO of GUITER Company, Kaba (Guiter) comes from a family of entrepreneurs, with his father being an influential Kola trader in Guinea.

Kaba's company specializes in public works, such as road construction and maintenance, as well as water and sanitation projects. The company is also a player in the mining industry.

Through his work, Kaba has helped to improve infrastructure in Guinea, creating jobs and boosting economic activity. His success highlights the potential for entrepreneurship to drive economic growth and development in the country.

Read Ansoumane Kaba's full biography here.

8. Kabinet Sylla

Estimated net worth: Є35 million
Origin of wealth: Transport, media, business ventures
Age: 65

Another notable entrepreneur in Guinea is Kabinet Sylla, the CEO of Djoma Group SA, with an estimated net worth of Є35 million. Kabinet Sylla is often referred to as the "Bill Gates of Guinea" and has made a significant impact on the country's economy through his various business ventures and contract with mining companies for transporting bauxite through his company Djoma Logistics.

One of his most successful businesses is Djoama Media, a media company that has become a leading provider of news and entertainment in Guinea. Kabinet Sylla also owns a company that specializes in bauxite transportation, a vital resource for Guinea's mining industry.

With his success and influence, Kabinet Sylla has become a role model for aspiring entrepreneurs in Guinea and has shown that with hard work and determination, it is possible to achieve great success in business.

His contributions to the economy have helped to create jobs and improve the standard of living for many Guineans. Recently, Kabinet Sylla (Bill Gates) is facing some troubles with the current government of Guinea related to the source of his wealth.

Overall, entrepreneurs like Sylla are paving the way for a brighter future for Guinea, where innovation and entrepreneurship can drive economic growth and development.

Read Kabinet Sylla's full biography here.

9. Mamadou Sylla

Estimated net worth: Є20 million
Origin of wealth: Inport-export, goods distribution, Contracting with government
Age: 46

Mamadou Sylla, also known as Sylla Futurlec, is another prominent entrepreneur in Guinea, with an estimated net worth of Є20 million. He is a self-made businessman who has made a significant impact on the country's economy through his various business ventures.

Born to a Diamond dealer father, Mamadou Sylla started very small before getting big contracts with the Guinean government in the 1990s through his company Futurelec Holding, a company that evolves in general commerce, import-export, and other services. Futurelec Holding has helped to create jobs and improve the standard of living for many Guineans.

Mamadou Sylla has become a role model for aspiring entrepreneurs in Guinea, demonstrating that with hard work and determination, anyone can achieve success and make a positive impact on their community.

His contributions to the economy have helped to drive economic growth and development, and his entrepreneurial spirit has paved the way for a brighter future for Guinea.

To come to politics, Mamadou Sylla recently created his own political party named the Democratic Union of Guinea (UDG). Now his party is a major player in the political arena in Guinea. Some critics approach Sylla's coming to politics as a way to protect his wealth as he is often accused of making doubtful contracts with the government of former president Lansana Conte.

Overall, Mamadou Sylla is a testament to the power of entrepreneurship and the potential for individuals to make a difference in their country and beyond.

Read Mamadou Sylla's full biography here.

10. Lamine Guirassy

Estimated net worth: Є15 million
Origin of wealth: Avetisement, media, business ventures
Age: 45

Lamine Guirassy is a journalist and successful entrepreneur in Guinea, with an estimated net worth of Є15 million, who has made a significant impact on the country's economy. Although he is considered one of the wealthiest men in the country, Guirassy's background is quite different from the others above.

Born to a tradesman father, Guirassy began his career as a simple journalist before transitioning into entrepreneurship. He is the founder and CEO of Hadafo Media Group, a leading media company that includes several radio and television stations, as well as advertising companies.

Through his company, Guirassy has helped to promote freedom of speech and democracy in Guinea, while also creating jobs and opportunities for the local community.

His success story is a testament to the power of hard work, determination, and innovation in achieving success, regardless of one's background or upbringing. Lamine Guirassy's contributions to Guinea's economy and society are invaluable, and his entrepreneurial spirit serves as an inspiration for others to follow in his footsteps.

Read Lamine Guirassy's full biography here.

III. The secret of their wealth

There is no other secret to the wealth of these people but hard work, determination, and open-minded entrepreneurship. These rich men in Guinea have built their wealth through a combination of entrepreneurship, strategic investments, and involvement in key industries such as construction, mining, and commerce.

Some have started their own companies, while others have made strategic investments in various sectors. There are also those who have inherited their wealth and have continued to grow it through smart investments and business ventures.

Regardless of how they acquired their wealth, these men have played a significant role in the economic development of Guinea and have created job opportunities for many.

IV. Their contributions to Guinea's economy and society

Apart from their economic contributions, these richest men in Guinea have also made significant philanthropic and social initiatives. Many of them have established foundations and charities that focus on education, healthcare, and poverty alleviation.

KPC Foundation, for example, has been actively involved in humanitarian work in Guinea for several years now. The foundation has made significant contributions towards the development of the country's healthcare sector, education, and social welfare programs.

In particular, the foundation has been instrumental in supporting the fight against poverty, a social issue that has been a major social challenge in Guinea for many years.

These wealthiest men have also invested in various community development projects, such as building schools, hospitals, and infrastructure. Additionally, some of them have actively participated in political and social causes, advocating for human rights and good governance in the country.

Their contributions have had a positive impact on Guinea's economy and society, improving the lives of many people in the country. Many of them have established successful companies in various sectors, such as mining, telecommunications, and banking. These companies have created numerous job opportunities for Guineans, boosting employment rates and reducing poverty.

V. Conclusion

In conclusion, the top 10 richest men in Guinea have not only accumulated vast amounts of wealth but have also used their resources to make a positive impact on their country.

Through their businesses and investments, they have created job opportunities, improved infrastructure, and advocated for social and political causes.

Their contributions have played a significant role in the development of Guinea's economy and society, and their continued efforts are crucial for the country's progress and prosperity.