Sudhir Ruparelia -$800 million Richest Man in Uganda University, hospitals, real estate, healthcare, health insurance, ambulances, hotels, Hotels, flour milling, transportation, international trade, bakery, mining, Shumuk Group of companies, real estate, aluminum recycling, hotels, Telecommunications, electricity generation, banking, insurance, hotels, resorts, ranching, real estate, Transportation, construction, telecommunications, real estate, This page was last edited on 2 March 2023, at 01:43. Christine Nabukeera is known among the rich circles as Senga Nabukeera. David Thompson spoke to Ipsos MORI chief executive Ben Page and The Times' associate editor Alice Thomson about the list, which sees Lord Ashcroft taking the gold spot, and Richard Benyon named as. He is a business magnate who has been venturing into textile and alcoholic beverages trading from a shop in Luwum Street, Kampala which later gave birth to Dembe Enterprise before expanding into what is currently known as Dembe Group of Companies. Most of the rich politicians in Uganda are known for making huge investments in numerous sectors across the country. Given birth on the 11. of November, 1950, Karim Hijri was a champion automobile race drive during the 1960s and 1970s. He has also raised buildings at Arua park, Parkyard, and behind Gazaland. President Yoweri Kgauta is the second richest politician in Uganda second to only his Younger brother. Tags. For 20 years now, since its inception, Sikander has established the steel-manufacturing group of companies in Nigeria which comprises three distinct factories. Copyright 2023 Daily Express Uganda. Sudhir Ruparelia is currently the richest man in Uganda , with an estimated net worth of USD1. Uganda's new list of the wealthiest, according to sources, has also changed tremendously with big names such as Patrick Bitature, Charles Mbire, among others, dropping off the top 10 as previously reported. Zambeef is one of the richest and most successful companies in Zambia with over 195 outlets in Africa, employing 7,000 people. Real Estate, Hospitality, International trade. In 2017, the Ugandan government entered into a joint venture with Ham Group to effect major renovations at the stadium, involving an improvement to grounds, increasing seating from 30,000 to 35,000 and constructing retail shops inside the outside walls of the facility. In Uganda's 2016 elections, Bebe Cool headlined the campaign trail for president Museveni which earned him millions of cash. 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. He is the current chairman of Crown Beverages Limiteds board of directors. 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. As a philanthropist, he has donated numerous materials to different associations and organizations in the country. Ashish was born in United Kingdom in 1981 after his parents had moved to UK in 1972 when Idi Amin expelled Asians from Uganda, later the young Ashish and his family moved to Rwanda where they were also forced to leave due to 1994 genocide, they fled to Burundi for a while and later came to Uganda, at the age of 15, Ashish dropped out of school to begin his own business with a loan of $5000. Mbire is a co-founder and member of the board of directors of numerous Uganda businesses including Afro Alpine Pharma Limited, MTN Communication Uganda Limited, Polino Holdings Limited, Bomi Holdings Limited, and a host of numerous others. 1. John Bosco Muwonge tops the list of richest people in Uganda in 2022. His investments have spanned a wide variety of industries including pharmaceuticals, energy, real estate, agribusiness, telecommunications,and finance. 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. Source: Roofing sheets. Uganda Breweries Ltd came into existence shortly after World War II in 1946. And finally on the list, Haruna Mubiru. Sudhir Ruparelia. He is the owner of a massive state of art hotel located in the Gulu Municipality known as Bomah Hotel. Yuri Milner built a $3.9 billion fortune, thanks to early funding from Kremlin-connected sources. Given birth to in 1976, Mohammed Hamid was the second richest African under the age of 40 after Mohammed Dewji, who is a Tanzania. Hon. Moreover, he is the author of Reason as the World Masterpiece and Success and Failure Based on Reason and Reality books. Bob Kabonero graduated from Oxford Brookes University in Oxford, England, with a bachelors degree in business administration and retail management. Bob Kabonero is a Ugandan businessman and entrepreneur. 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. The Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. Alykhan Karmali is among the richest people in Uganda born to immigrants. Under the aegis of Mukwano Family, Alykhan Kharmali has claimed a notable position amidst the richest Ugandans, especially as he remains the main force behind one of Uganda's famous companies. Top 7 Richest politicians and MPs in Uganda. This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. The second richest person in Uganda, Karim is an entrepreneur that has been known for solving issues in Uganda, thereby generating money for himself. He is the owner of Protea Hotels East Africa. Pastor Joseph has an estimated Net Worth of around 840 Million. In Uganda today, Sam is considered one of the very few powerful politicians that have harnessed numerous wealth over the years. Afterward, he became a Goodyear tyre distributor in Rwanda. He currently manages Simba Group of Companies that dabbles in telecoms, energy production, mining, media, real estate, travel, and leisure. Zambia. Aaron Mukooza currently sits on a staggering net worth of $200 Million, which earns him a spot among the richest men in Uganda. 2022 Hard Rock Media. He came into the parliament in 2016 as a rich individual. He is a young billionaire that discovered a state of art buildings around kampala, he is the owner of a very popular real estate multi-billion company in the city known as Ham Enterprises which includes commercial buildings such as Ham Shopping Centre at St.Balikudembe Market commonly known as Owino which is reportedly said to be partly undertaken as a public private partnership with Nakivubo Stadium Board of Trustees and another Ham Towers is located next to Makerere University main gate and etc. Mohamed Ali is Nyali Constituency's member of parliament. All Rights Reserved. 7. The property mogul is the chairman and majority shareholder in the companies of the Ruparelia Group. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. This came as a recognition of his contribution to the countrys economic progress. Mohammed Hamid was born in 1976 and was the second richest African under 40 after Mohammed Dewji, a Tanzanian. Top 10 Richest Men In Uganda 1. The company is usually regarded as Ugandas biggest seller of MTN airtime. He was elected from Ambedkar Nagar in Uttar Pradesh and is worth Rs 16.4 crore. With a net worth of about $670 million as of 2021, he is one of Ugandas richest natives. The 2022 wealthy list released by top analysts favours those who invested in technology, real estate, health, food, logistics etc. She is also one of the property moguls in Kampala. 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. 2. This is an elite group of executives that advise Ugandas President on how to improve the countrys competitiveness and economic climate. He has major investments in manufacturing and banking and had served as a non-executive director of Exim Bank, a commercial Bank in Uganda. He has built a steel-manufacturing conglomerate in Uganda which consists of three separate factories that have been organized into the Roofings Group. Al-Amoudi earned his net worth through his construction, real estate, oil refineries and other businesses. Some of his businesses have subsidiaries not just in Uganda but also in Kenya, and Tanzania. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. In fact, in 2015, these commodities boosted the economy of the country massively. Most of the rich politicians in Britain, says the Times, are Tories as you would expect. 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. Sikander happens to be one of the oldest Ugandan entrepreneurs. John is believed to be the second richest politician in Uganda. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. Sikander Lalani is a Ugandan entrepreneur, industrialist, and former histopathologist. Alykhans paternal grandfather, Ali Mohamed Karmali, was an entrepreneur of Indian heritage who immigrated to Uganda in 1904. Geoffrey Lutaaya. Records show, Haruna Enterprises has an annual turnover of USD 4 Million and employs not less than 600 people. Mohamed Ali Hon. Tory MPs net worth ranked: Sajid Javid, the health minister, is the eight richest cabinet member (Image . Then, he started selling textiles and alcoholic beverages in Kampala in the early 1990s. Contacts of Mps in the 11th by Daily Express Although he is no longer in service of the government, he is very wealthy. Mohammed, the younger, worked with his elder brother until the early 1990s when he founded Pan Afric Commodities, a commodities trading firm. Apart from being a businessman, he is also known for making huge investments in sectors like real estate, broadcasting, education, insurance, banking, and others. He is an entrepreneur, businessman, and author. Nadia's little sister Thandiwe Mbiire is a laid back gal but still finds time to enjoy the fruits of their father's labour. Under his tenure, the Mukwano Group Initiative maintains 36.5 percent shareholding. At just 37, Hamis Kiggundu is one of East Africas most revered young entrepreneurs and real estate moguls. Thomas Tayebwa Occupying the first position in the list of richest politicians in Uganda is Thomas Tayebwa, who is the MP representing Ruhinda North County in Mitooma District. Sudhir Ruparelia is married to Jyostna since 1977 and they are blessed with three children. (Bloomberg) -- Billionaire investor Marc Lasry has reached a deal to sell his stake in the Milwaukee Bucks to Jimmy and Dee Haslam, owners of the National Football League's Cleveland Browns, according to a person familiar with the matter.Most Read from BloombergElon Musk Regains His Spot as the World's Richest PersonNigeria Latest: Tinubu Wins in Six States; Obi Takes ThreeTD Bank to Pay . He also owns massive chunks of Land in Ankole, Gulu with a House and Kampala. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. Being the Minister for Relief, Disaster Preparedness, and Refugees, Hillary Onek is the seventh richest politician in Uganda. Read also. He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. He is building warehouses for agro produce sales and rents them out. Hamis has invested in real estate, agro-processing, education, and technology among others. 1. Forth on our top richest companies in Uganda is an old but gold company. Age: 40 years (as of 2022) Sources of wealth: Music, acting, businesses, and political career. In addition, Bitature became chancellor of Uganda Technology and Management University (UTAMU) in September 2021. As a result, we analyzed and formulated a comprehensive list of the richest musicians in Uganda from 2021 to 2022, Forbes. With a net worth of approximately $300 million, he is one of the richest people in Uganda. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. He was a previous member of the Uganda Development Banks board of directors. The names are arranged alphabetically, using the first name to select rank. He is actually a lawyer and a politician. He is worth USD1 billion. Karim Hirji is generally seen In Uganda as the driving force behind the Dembe Group of Companies. All Rights Reserved. Being the MP representing Tororo Municipality, Yeri Ofwono came into the parliament in 2016 and has been able to accumulate numerous amounts of money-making him occupy the ninth position in the list of richest politicians in the country. Bharti Airtel Limited, an Indian company, is the parent company of Airtel Uganda Limited. Today Uganda has got many billionaires including the likes of Sudhir Ruparelia, Wavamuno, Basajjabalaba and many others, the youth have also fought for themselves by creating jobs and others through various annual inspirational brain-storming programmes such as the Pakasa forum etc, I am telling you if you happen to attend any of these programmes, you will learn how to make money and it will widen your mind. Today, we walk you through the top ten richest Ugandans including their net worth. This has increased the fame of the country from a global view. He was also accused in 2011 for receiving bribes as kickbacks from an Irish Oil firm known as Tullow Oil. But before entering politics, he was a partner at two highly-profitable hedge funds and is now thought to be one of the richest. This is because he is a known and important figure in the sector. Net Worth 2022 - $500,000. As their businesses thrive, their net wealth will continue to increase. Aaron Mukooza currently sits on a staggering net worth of $200 Million, which earns him a spot among the richest men in Uganda. The 15 Richest Families In Uganda 2023. He is also the owner of Protea Hotels East Africa. 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. 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 . Charles Magezi Mbire is an entrepreneur, businessman, and industrialist. His company also has interests in other sectors including energy production, mining, media, real estate, travel, and leisure. Before joining politics, he is a rich individual and that has made him influenced politics in Tororo. However, despite being a rich and developing country, Uganda also houses numerous millionaires and billionaires. The Ugandan Businessman was the second richest African under 40 in 2015, according to Forbes, following Tanzanian multimillionaire, Mohammed Dewji. All MPs earn a basic salary of 74,000 a year, with . Being an economist, Felix has been in the parliamentary system of Uganda since 1996 and he has been accumulating wealth since then using his economics understanding. Afterward, he bought one of Sudhir Ruparelias milling machines from Premiere Mills. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. 11.Sembule Family- They own Sembule Steel Rolling . He became enamored with the country and decided to stay. Analysts say Haruna strategy has been to turn Mengo Kisenyi into a premier business center. In addition to the numerous exporting activity of the country, the country has also witnessed consistent economic growth with crude oil and natural gas. Mohammed Hamid is regarded as one of the richest young millionaires in Uganda, who rose to the class of the richest personalities at a young age. He is currently the chairman and the major shareholder of the Aya Group of companies. The company is now a leading transporter in East and Central Africa. Save my name, email, and website in this browser for the next time I comment. Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. "All Government remunerations should be . His investments have run across numerous industries including Pharmaceutical, telecommunication, real estate, energy, agribusiness, and finance. This also drags him into the list of the richest men in Uganda. In the early 1990s, he worked with his elder brother until when he founded his first company called Pan Afric Commodities, which is also a commodities trading company. He has also been on the spotlight for promoting homophobia in Uganda. Mohammed Al-Amoudi is an Ethiopian businessman who has become one of the richest people in the world. Dr. Sudhir Ruparelia. Many people believed that it was his legal brilliance that earned him the portfolio, and not because of the richness attached to it. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. 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. 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