More to that, he is regarded as an investor with his investments in sectors such as the media and banking sectors. He is one of Ugandas richest businessmen. Being an entrepreneur and an investor, Charles was born in the year 1959 in Mparo, Rukiga District. Later on, Lalani relocated to Uganda due to Tanzanias burdensome bureaucracy. Deox is also one of the youngest billionaires in Uganda, he is the founder of a very powerful and efficient full-service law firm known as Tibeingana and Company Advocates which handles legal work for giant companies, he is an advocate of the high court of Uganda and all courts of judicature in Uganda, he is also the owner of Rivonia Hotel located in Mbuya, in Kampala, his hotel has 16 suites and a luxurious health club, he is also a real estate dealer. The second richest person in Uganda, Karim is an entrepreneur that has been known for solving issues in Uganda, thereby generating money for himself. Today, Haruna owns Nakayiza market with 12 blocks, Haruna Towers in Kisenyi, NM apartments, Old Africana agro market, Segawa market which has two blocks, he has new coming up in Kisenyi, four acres of undeveloped land in the same area, Haruna shopping mall, Haruna towers Ntinda, trading under his Haruna enterprises. He was appointed as the Attorney General in the country by Museveni. Haruna and his brother Hamis are young businessmen who have used their family business experience to invest wisely and grow their wealth. Jyotsna Ruparelia is the wife of the wealthy Sudhir Ruparelia - a leading business tycoon in Uganda. Under the leadership President Yoweri Museveni, these people have amassed large . Muwonge makes all the money and takes it all. Just like the Minister for Higher Education, he has also invested massively in the educational sector and is the owner of Victorious Educational Services and Special Plan Primary School. He occupied the seat after defeating President Yoweri Museveni in the parliamentary election. He is worth USD1 billion. He came into the parliament in 2016 as a rich individual. Besides, it is worth noting that other business tycoons and entrepreneurs are also working tirelessly to take their businesses to greater heights and make more wealth. Kimani is worth an estimated Kshs 500 million. In 2012, Uganda Investiment Authority named Miraj Barotas the youngest entrepreneur, he invested over $30 millioninTirupati Development, a real commercial estate Which includes Ovino market, Mazima mallin Kabalagala,Kyebando warehousesand etc. His investments have run across numerous industries including Pharmaceutical, telecommunication, real estate, energy, agribusiness, and finance. He has been in the parliament since 1980 and he was the former President of the 69. Today, we walk you through the top ten richest Ugandans including their net worth. 2 billion. The tenth person in this list of the top ten richest men in Ghana is Nana Akufo-Addo. Unlike billionaires such as Sudhir Ruparelia who spends a lot on social causes in his charity and corporate social responsibility activities, Mr. Muwonge collects a lot of money from his many commercial buildings in Kampalas central business district and focuses on building. Helen Adoa is one of the most recognized and famous politicians in Uganda. Real Estate, Hospitality, International trade. Bob Kabonero graduated from Oxford Brookes University in Oxford, England, with a bachelors degree in business administration and retail management. In fact, in 2015, these commodities boosted the economy of the country massively. Thomas Tayeebwa owns numerous companies including SMS Empire Limited, Gateway Associates Limited, Wandaz Products Limited, Cholmart Investments, and a host of others. He is the owner of numerous companies including Kinyara Sugar Works Limited, Mountains of the Moon Hotel, Vienna College Namugongo, and a host of others. He is not only an active businessman and entrepreneur but also a philanthropist, which is supported by the enormous monetary and material donations that he has made in this context. 2023 BigEye.UG. The 15 Richest Families In Uganda 2023. Mugisha who is married to a presidents second daughter, Patience Museveni was also awarded the 2007 CHOGMcommunication and publicity contract which he managed with Saatchi & Saatchi Company. Uganda bordered by countries like Rwanda, South Sudan, the Democratic Republic of Congo, Tanzania, is a country known for its consistent economic growth. Today he is the Co-founder and CEO of Mara Group which deals in IT services, real estates and Agricultures, he is also the Co-founder of Atlas Mara which is in partnership with Bob Diamond, a company that invests in commercial banking institutions in Africa, in 2013 both Ashish and Bob Diamond managed to raise $325 million in funding. (Archived from the original on 4 March 2016), "Mulis Alykhan Karmali Enters Into Shs se Billion Deal for Construction of Acacia Mall, Kampala", "Five Ugandan Multi-Millionaires You Should Know", "Andrew Rugasira: Can Coffee Transform Lives In Africa? Even though there have been numerous contradictions to the absence of corrupt politicians in the political system of the country, there still exists some that acquire their wealth using their creativity. The second richest person in Uganda, Karim is an entrepreneur that has been known for solving issues in Uganda, thereby generating money for himself. Born in Uganda in 1965, he is the youngest of three children in the family. Mohammed Al Amoudi's net worth is roughly $12.6 Billion dollars. Sudhir Ruparelia Sudhir Ruparelia has sat on top of Uganda's rich list for a long time. The richest and wealthiest MPS and politicians General Salim Saleh Although not . Rebecca Kadaga after serving in government for over 25 years is also one of the richest national in politics making the list as the only woman. Mbire then moved on to Leicester University in the United Kingdom where he earned a Master of Business Administration degree. He is reported to be one of the wealthiest individuals in Uganda, with an estimated net worth of about US$800 million. With Kampala as his hometown, he is also considered one of the most influential individuals in the country. Uganda is one of the countries in the Eastern part of Africa that has a very fast-growing economy. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. ADVERTISEMENT. 1. Like many other business tycoons in the country, Gordon has invested in numerous companies including Wavah Water Limited, GM Tumpeco Limited, and many others. Your email address will not be published. 10 Top Richest Tycoons In Uganda - Number one will Shock You! The book has also been voted as the best book of the year in the area of Business Motivation. John is believed to be the second richest politician in Uganda. The report said government of Uganda should take "deliberate efforts to review and rationalize" the pay structure. The Pyramids Casino and Kampala Casino are two of his business ventures. The property mogul is the chairman and majority shareholder in the companies of the Ruparelia Group. During his tenure as the non-executive director of Exim Bank, Alykhan has helped the company to maintain an impressive 36.5% share gilding. John Sebalamu is a multiple property owner in Uganda credited with starting the culture of the now mushrooming shopping arcades in the heart of Kampala. Check out the list of Uganda's top 10 richest men John Bosco Muwonge Sudhir Ruparelia Mohammed Hamid Drake Lubega Alykhan Kharmali Charles Mbire Sikander Lalani Aaron Mukooza Gordon Wavamunno Patrick Bitature Top 10 Wealthiest Men Of Uganda In 2023 A radio station, an automobile dealership, a finance and insurance firm, an amusement park, and the Imperial Hotels Group are all part of this conglomerate. Besides, Hirji was a renowned car racing driver in the 1970s. Dr.Innocent is a veterinary doctor by profession and a young billionaire currently owning businesses like Club Amnesia, SMS company known asBlue Cube, Galaxy FM and he also invested in Real estates aswell as online betting businesses, before that he was also a marketing professional in a newspaper company known as Red Pepper. We are committed to adding value to our clients by providing unparalled knowledge of the Ugandan real estate markets and financial needs.. Unfortunately, Crane Bank, which is Ruparelia Groups largest affiliate, faced a major fall in capital in 2016. Sudhir Ruparelia is the richest person in Uganda. This has increased the fame of the country from a global view. Source: Roofing sheets. That Abavator was going to end up earning an excess of Shs900m over and above the worth of the services they had actually rendered in that particular month. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. That is far higher than what is paid to most European countries' MPs, including Uganda's major funding countries like the UK . With a net worth of about $670 million as of 2021, he is one of Ugandas richest natives. The richest people in Uganda 2022 include native Ugandans as well as businessmen who are born to immigrants. This is a private university in Kampala, Ugandas capital city. The last two years have disrupted many things including the wealth of the rich class. Bobi Wine is the richest musician in Uganda today. In May 2015, he was re-elected to a second and final two-year term. The news has raised hopes that the outbreak, which has infected 142 people and killed 56, could end soon. Coffee, tea, fish, and cotton are among its top exports. Given birth to in Kabatoro, Sudhir Ruparelia comes from an upper-middle-class Indian Gujarati family. Net Worth 2022 - $900,000. businessdaily. This is an elite group of executives that advise Ugandas President on how to improve the countrys competitiveness and economic climate. Afterward, he became a distributor of Goodyear tyres in Rwanda. This has significantly added to the improvement of the economic condition of the country. Being an Uganda businessman, entrepreneur, industrialist, and histopathologist in Uganda, Sikander was given birth to on the 4th of October, 1944 in Nsambya Hospital, Uganda. The 28 year old is a young brother to Hamisi Kiggundu of Ham Enterprises. As a result, we analyzed and formulated a comprehensive list of the richest musicians in Uganda from 2021 to 2022, Forbes. Sudhir Ruparelia is the richest person in Uganda. However, not all of them receive numerous attendants since some are small in size. Charge Faster and Play More with the new P38 Pro. He was elected from Belgaum in Karnataka and is worth Rs 16.4 crore. With net assets of Rs 338 crore (Rs 3.38 billion), Doddaalahalli Kempegowda Suresh, better known as D K Suresh, is the only Congress member from Karnataka and the third richest MP. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. This has been linked to the numerous opportunities available in the country. Being a businessman, entrepreneur, and industrialist, Alykhan Kharmi served as a non-executive director of Exim Bank which is a commercial bank in Uganda. As their businesses thrive, their net wealth will continue to increase. In 1987, he flew to Uganda for the first time to see his older brother, Mohammed El Hamid, who ran Pan Afric Impex, a commodity trading company. Sentongo is a young business man owning a multi-billion real estate company known as Haruna Enterprises which includes commercial building in the city such as Haruna Towers in Wandegeya and another one located in Ntinda, one of Kampalas suburbs. He is also one of those that derive most of their wealth from the political arena. RK is married to Shrimati Rita Kishore Sinha, with two children. The musician turned politician is arguably one of the richest musicians in Uganda. In 2010, he was chairman of the Uganda Securities Exchange. Just like many other entrepreneurs in the country. Please whitelist to support our site. He was also awarded an honorary doctorate from Makerere University. Most of the rich politicians in Uganda are known for making huge investments in numerous sectors across the country. Subscribe to our newsletter to get our newest articles instantly! Richest Conservative MPs listed as second jobs bring in up to 1m each By Craig Meighan @CraigyMeighan Multimedia Journalist Share 1 Comments Theresa May, Owen Paterson (right) and Sajid Javid are among the highest earners in the House of Commons DESPITE earning more than 90% of UK earners, many MPs choose to take on second jobs. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. Mohammed Al-Amoudi is an Ethiopian businessman who has become one of the richest people in the world. Sudhir Ruparelia. Alykhan Karmali is among the richest people in Uganda born to immigrants. This group of Ugandans come from the western region of Uganda and currently, they are the people who are ruling the Ugandan government and so it is not a surprise that they are the richest people in Uganda. Jayadev Galla is the fifth richest MP in the 17th Lok Sabha with a declared asset of over Rs 305 crores. 2. 7. He also owns a logistics firm, an import products firm, and the Ugandan Europcar franchise. The per capita income in Uganda in 1999 was approximately US$650 annually. 25 Mar, 2022, 10.20 PM IST Elon Musk, Jeff Bezos, Mark Zuckerberg and Bill Gates: World's 10 richest men doubled their fortunes during pandemic, says report Muwonge could be valued at USD 1.8 billion. Richest People. He controls the Western Transportation system with him a Director at Getway Buses which is the biggest transportation in the Entire Western Uganda in Kigezi from Kampala. He was a previous member of the Uganda Development Banks board of directors. Patrick Bitature is one of the wealthy personages in Uganda who has been known for harness his wealth from his giant telecommunication company known as Simba Telecom. He is the founder and chairman of the Aya Groups executive board of directors. This is because he is a known and important figure in the sector. His net worth was about $1.2 billion as of 2019. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. His net worth amounts to $800 million, making him the second richest man in Uganda. Hillary Onek also has a similar hotel in Kitgum District and he is currently setting up another multimillion structures as an extension of Bomah Hotel. He is also the Uganda Manufacturers Associations chairman. Among the richest MPs in India, Ravindra Kishore Sinha, popularly known as RK Sinha was born on 22 September 1951 in Buxar, Bihar in India. According to Forbes, he has a net worth of $700 million. Just like Yeri, she has made massive investments in the educational sector. Hamis Kiggundu, who is known by many as Ham, is a Ugandan business magnate with investments in different sectors. Back in 2012, he contested the presidential elections in Ghana but lost the seat of the presidency. Bobi Wine is the richest Ugandan musician in 2022, with an estimated net worth of $12 million. However, Newslex point research team analyzed a few successful young men in Uganda who have managed to become their own bosses by creating their own businesses, they are truly innovative and inspirational young entrepreneurs in the country with multi-billions. Mbire is a co-owner and board member of numerous Uganda companies, including MTN Communication Uganda Limited, Afro Alpine Pharma Limited, Polino Holdings Limited, Bomi Holdings Limited, and a host of others. This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. Afterward, it grew into Dembe Enterprise, which eventually advanced to become the Dembe Group of Companies. Alykhan Kharmi is considered a notable individual in Uganda under the aegis of the Mukwano Family. Yuri Milner built a $3.9 billion fortune, thanks to early funding from Kremlin-connected sources. Pastor Gary Skinner's wealth is estimated at Sh.800 Million which earns him a spot among the richest pastors in Uganda. Most of Ugandas exports are agricultural products. Sikander Lalani. The business magnate hails from the Kabarole region. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. One of the oldest entrepreneurs in the history of Uganda is Sikander Lalani. Sudhir Ruparelia Ranking number one on the top ten list of richest Ugandan milionaires is the founder, CEO, and major shareholder of Ruparelias Group of Companies, Sudhir Ruparelias. This also drags him into the list of the richest men in Uganda. Mr John owns several properties in Kampala, including Freedom City Mall, which cost him US $1 million, Capital House, Naiga Chambers, and several other prominent properties. Jyotsna Ruparelia. 3. Top 10 Richest People in Uganda (2022) and Their Net Worth, 10 Successful African Entrepreneurs With Amazing Beginnings, Success and Failure Based on Reason and Reality, 10 Most Influential Africans Making Incredible Impact In Africa And Beyond, 20 Richest Presidents in Africa 2022 with Their Net Worth, Top 10 African Restaurants in Houston You Need To Try, Top 10 African Restaurants in New York with Best African Food, Top 10 African Restaurants in Atlanta You Should Try. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. He has multiplied his stake in Kampalas CBD in the past couple of years and owns Namanda, Cooper complex, Cornerstone, Discount mall, Shamba complex, Shauriyako, Ggagawala, Namayiba bus terminal, Gwanda mall Kisenyi, Superior complex, New Arua park complex, he has a street in Nabugabo, and has over 40 construction sites in Kampala, plus over 400 acres of land in Kisenyi area. Muwonge could be valued at usd1.8 billion. Al-Amoudi earned his net worth through his construction, real estate, oil refineries and other businesses. Born in 1976, Hamid is one of the youngest richest people in Uganda. Irwin remains one of the richest people in Zambia in . Apart from being a businessman, he is also known for making huge investments in sectors like real estate, broadcasting, education, insurance, banking, and others. The controversial preacher is said to be the richest pastor in Africa with an . He definitely has numerous sources of income. Sudhir has maintained his Forbes net worth of USD 1.2 billion. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. Sudhir Ruparelia has sat on top of Uganda's rich list for a long time. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. Representing Lanwo County, Onek is one of the major investors in the country that have eyes on buildings and hotels. His philanthropic lifestyle has been evident in the country, as he has donated numerous materials to various clubs and organizations in the country. His wealth is in real estate and recreation Centre with his popular property of the One love Beach and several Apartment in Kyadondo and Throughout Kampala and Wakiso. The unlikely social media star owns a 15 per cent stake in a capital . Simeon Nyachae is a famous businessman and politician who has accumulated a good amount of wealth during his days in government. 1. A BigEye Uganda Media Company. Alph Luka is the founder and pastor of Alleluia Ministries International, South Africa which he founded in 2002. Another interesting fact to know is that Charles Mbire actually didnt start on a platter of gold and his story always serves as a form of motivation and inspiration for emerging businessmen or women and entrepreneurs. *********. He now boasts of buildings including Giant shopping arcade in Kikuubo, Nakasero complex on Nakivubo road, Mid-city arcade on Nakivubo Road, Mackay Buildings on Old Rashid Kaharmis Road among others. However, many backbench MPs. "All Government remunerations should be . Although not involved in elective politics General Salim Saleh is the richest politician in Uganda as he once served as state Minister. He was also accused in 2011 for receiving bribes as kickbacks from an Irish Oil firm known as Tullow Oil. Given birth to in 1962 in Arua, Arua District, Mukesh has businesses that are organized under the Shumuk Group. 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She is the second rich female politician in the country after Rebecca. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. Do you have a story in your community or an opinion to share with us: Email us at, Presidents Museveni, Ramaphosa call for increase in trade between Uganda and South Africa, Rwenzori young people tipped off about youth-friendly services, MPs question Shs57 billion payment to US company, MPs approve Budget Framework Paper in readiness for Financial Year 2022/23 Budget. [1] [2] Compiled here is a list of individuals in Uganda whose accumulated assets are known to be markedly above the rest of the individuals in the country. Even though most of her investments are hidden, she is known for having numerous investments in hotels. Here is the list of top 10 Richest Men in Ghana. After leaving medicine in the early years of the 1970s, he established a retail electronics store that specializes in buying and selling Philips Brand in Kigali, Rwanda. He is the chairman and principal stakeholder of the Ruparelia Groups firms. Being the MP representing Bumunanika County in Luweero District and the State Minister for Higher Education, John is a well-recognized politician in Uganda. Rebecca is also the richest female politician in the country. In this new Ugandas new list of the wealthiest, a lot has changed tremendously with big names such as Patrick Bitature, and Charles Mbire, among others, dropping off the top 10 as previously reported. In addition to being an active businessman and entrepreneur, he is also a philanthropist and this has been supported by the enormous amount of money and properties he has donated in such course. All Rights Reserved. Thats all about the richest men in Uganda. Lord Ashcroft (worth 1,200m) leads the field, pharmaceutical magnate Lord Balleymond next (worth 860m), followed by the Marquess of Salisbury (275m) at no 4, and Lord Heseltine (264m) no 5. Known as a renowned and fortunate tycoon, Sudhir Ruparelia occupies the first position in the list of richest men in Uganda. He also owns massive chunks of Land in Ankole, Gulu with a House and Kampala. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. He is the chairman and principal stakeholder of the Ruparelia Group's firms. Currently, he is the CEO and the main force behind the Mukwano Group of Companies which is one of the most famous companies, not only in Uganda but entire Africa. He is the leader of the Entire wealth operation in Uganda and leader and managing director of all industrial Parks in Uganda. With the rate at which his wealth is growing, he may exit the fourth position in the years to come. Karim Hirji is a Ugandan entrepreneur, hotel owner, and businessman. He took over from Dr. Kalonzo Musyoka, the former Vice President of Kenya, who served as the universitys founding chancellor for two terms, from 2013 to 2021. Banyankole. The number of millionaires and billionaires including the richest politicians in Uganda is also on the increasing side and this also helps in boosting the economy of the country. Kiggundu was honored with an award in 2018 for his book, Success and Failure Based on Reason and Reality. Net Worth 2022 - $700,000. Richest Women in Uganda. A fast-growing economic situation in the country has contributed to the many investments carried by Ugandans, thereby growing the economy very fast. 1. Ranking number one on the top ten list of richest men in Uganda is the founder, CEO, and major shareholder of Ruparelias Group of Companies, Sudhir Ruparelia. Some of his businesses have subsidiaries not just in Uganda but also in Kenya, and Tanzania. He has also been on the spotlight for promoting homophobia in Uganda. Jayadeva Galla. He has been known for fulfilling numerous responsibilities including being the Chairman of the Bayimba Cultural Foundation Board. He has built a steel-manufacturing conglomerate in Uganda which consists of three separate factories that have been organized into the Roofings Group. Obviously, Ugandas richest people make a significant contribution to the growth of the countrys economy. Hon. The gap in educational attainment between children from the richest and poorest families was a problem long before the .. Apr 28, 2021 Member of Parliament, Kyadondo County East, Uganda . Karim Hirjis wealth was affected by the Covid19 pandemic owing to his investments in the hospitality industry. Furthermore, Bobi Wine has maintained the first position in the list of Forbes richest musician in Uganda from 2018 to 2022. Nadine Dorries, Culture Secretary: 157,000. He is one of the Richest men in politicos with wealth in his Ankole Land and Farms, Real Estates Businesses and Transportation. Before joining politics, he is a rich individual and that has made him influenced politics in Tororo. Charles Magezi Mbire is an entrepreneur, businessman, and industrialist. President Yoweri Kgauta is the second richest politician in Uganda second to only his Younger brother. According to Forbes, the Ugandan business tycoon had a net worth of approximately $870 million in 2021. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. He is also the owner of Protea Hotels East Africa. In the top 10 districts ranked by average income (GDP per capita), Wakiso is followed by Kampala at Shs9,587,960 ($2,655), Mukono at Shs6,276,410 ($1,738), Masaka with Shs4,911,350 ($1,360), Jinja. That makes him one of the richest people in Uganda. Under his tenure, the Mukwano Group Initiative maintains 36.5 percent shareholding. In addition to the numerous exporting activity of the country, the country has also witnessed consistent economic growth with crude oil and natural gas. Prophet Samuel Kakande Pastor Prophet Kakande, the chair of the Synagogue Church of All Nations in Mulago, Uganda, is the top among the top 10 richest pastors in Uganda in 2020. The company has a fleet of hundreds of heavy-duty Scania and MAN movers and trailers. Representing Serere District, she became famous after ousting FDCs stronghold Alice Alaso in the 2016 elections. The outspoken young tycoon is said to be collecting not less than USD1 million a month. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. He was also a member of the Presidential Investor Roundtable. 10. Please enter your username or email address to reset your password. On top of that Sudhir has not stopped his support for charitable works and other social causes. Sikander happens to be one of the oldest Ugandan entrepreneurs. Other posts he has once served include as a Minister of Energy and Mineral, Minister of Agriculture, Animal Industry and Fisheries, etc. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. He is one of those that put their focus on the communication sector in the country. In Uganda today, Sam is considered one of the very few powerful politicians that have harnessed numerous wealth over the years. Besides the Millions he receives monthly as a Member of Parliament for Kyadondo East, Bobi Wine has a chain of investments, for example, One Love Beach . In 2013, he was appointed Knight of the Order of Saint John. She is the owner of the Halycon Foundation, Toto Adoa Primary School, New York Primary Schoo, Namilyando, and others. 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