Ernest Bai Koroma Net Worth 2025

Ernest Bai Koroma Net Worth 2025: Ernest Bai Koroma is a Sierra Leonean politician who served as the fourth President of Sierra Leone from 17 September 2007 to 4 April 2018.

Ernest Bai Koroma Net Worth

Net worth	$5 million
Date of birth	2 October 1953
Occupation	politician
Nationality	Sierra Leonean

Keep reading as we bring to you Ernest Bai Koroma net worth and biography.

Biography

Ernest Bai Koroma was born on 2 October 1953, in Makeni, Bombali District in the Northern Province of British Sierra Leone. He was born into a Christian family in the predominantly Muslim north. Koroma was raised in a predominantly Temne household and is a fluent speaker of the Temne language and Limba language of his parents.

His father, Sylvanus Koroma, was of Limba and Loko heritage but grew up in a Temne household. He was born in the Makari Gbanti chiefdom, Bombali District. He worked for years as a bible school teacher at the Wesleyan Church in Makeni.

Koroma’s mother, Alice Koroma , was an ethnic Biriwa Limba from the small rural town of Kamabai, also in Bombali District. She entered local politics in the 1960s, and was elected as a member of the All People’s Congress (APC) to the Makeni city council .

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Alice Koroma was women’s leader of the APC Bombali District branch. She was also a strong supporter of President Siaka Stevens’ administration, when the APC leader was elected. Alice Koroma later worked for most of her career as a primary school teacher in Makeni.

Koroma attended the Sierra Leone Church Primary School in Makeni. For higher education, he went to the Magburaka Government Secondary School for Boys in Magburaka, Tonkolili District . He graduated in 1973. He moved to the capital Freetown to attend Fourah Bay College, from where he graduated in 1976 with a degree in Business Management.

Soon after graduating from Fourah Bay College, Koroma became a teacher at St. Francis Secondary School in Makeni (1976–78).

Career

Koroma joined the Sierra Leone National Insurance Company in 1978. In 1985, he joined the Reliance Insurance Trust Corporation , and in 1988, he became managing director of Ritcorp, remaining in that position for 14 years.

In 2002 it was announced that the All People’s Congress (APC) would hold their convention to elect a new leader that would challenge president Ahmad Tejan Kabbah of the SLPP who faced re-election for a second five-year term.

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Ernest Bai Koroma, then an Insurance broker from the northern district of Bombali who was virtually unknown by the general population in Sierra Leone announced his candidacy for the leadership of the All People’s Congress (APC) ahead of the 2002 Sierra Leone presidential and parliamentary elections. He was one of seven candidates for the APC leadership.