Yuri Milner built a $3.9 billion fortune, thanks to early funding from Kremlin-connected sources. Karim Hirji - Net Worth: $800 Million Karim Hirji is a businessman, hotel owner, and entrepreneur in Uganda. These include pharmaceuticals, finance, telecommunications, agribusiness, real estate, and energy. He was also accused in 2011 for receiving bribes as kickbacks from an Irish Oil firm known as Tullow Oil. 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 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. Nakumatt was one of the largest privately-owned supermarkets in Kenya, Uganda, Tanzania, and Rwanda, which has more than 7,000 people in its paid list and with annual sales of well over US$650 million. We resent fake stories in all our published stories, and are driven by our tagline of being Accurate, Fast & Reliable. Other posts he has once served include as a Minister of Energy and Mineral, Minister of Agriculture, Animal Industry and Fisheries, etc. This has significantly added to the improvement of the economic condition of the country. 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. The richest people in Uganda 2022 include native Ugandans as well as businessmen who are born to immigrants. Through his company, Ham Group, he owns a property portfolio in the heart of Ugandas capital, Kampala, that includes landmark shopping centers, office buildings and hotels. In fact, in 2015, these commodities boosted the economy of the country massively. During his tenure as the non-executive director of Exim Bank, Alykhan has helped the company to maintain an impressive 36.5% share gilding. The musician turned politician is arguably one of the richest musicians in Uganda. He is the founder and chairman of the Aya Groups executive board of directors. Under his tenure, the Mukwano Group Initiative maintains 36.5 percent shareholding. Subscribe to our newsletter and never miss our latest news, podcasts etc.. Our site is an advertising supported site. 1. Recently, he was involved in a case where he was alleged to have collected the sum of 500,000 Dollars from a foreign investor. [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. Then, he started selling textiles and alcoholic beverages in Kampala in the early 1990s. Besides, Hirji was a renowned car racing driver in the 1970s. Find out more here! Under a powerful family called Mukwano Family, Alykhan is always found in the vanguard of competing with other rich individuals in the country. He was a previous member of the Uganda Development Banks board of directors. 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. He currently manages Simba Group of Companies that dabbles in telecoms, energy production, mining, media, real estate, travel, and leisure. Sudhir Ruparelia is the richest person in Uganda. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. Known as a renowned and fortunate tycoon, Sudhir Ruparelia occupies the first position in the list of richest men in Uganda. However, Museveni currently accused Voice of Lango of de-popularizing the NRM government in which he is a strong member. Occupying the ninth position on the list of richest men in Uganda is Mukesh Shukla. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. He is one of those that put their focus on the communication sector in the country. He was born on October 25, 1974. Bobi Wine - Net Worth $7.3 million . The Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. The per capita income in Uganda in 1999 was approximately US$650 annually. He occupied the seat after defeating President Yoweri Museveni in the parliamentary election. He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. In thirty-fifth spot is the BJP's Suresh Angadi. He is an industrialist and owner of . He has been in the parliament since 1980 and he was the former President of the 69th Session of the United Nations General Assembly. The New Tourist 138K subscribers Subscribe 218 Share 9.3K views 1 month ago #richestfamilies #richestfamilies Top 15 richest families in Uganda.. However, many backbench MPs. Muwonge is an allusive billionaire who is rarely seen in public. Also, agriculture has been known as a major contributor to the growth of the economy. RK is married to Shrimati Rita Kishore Sinha, with two children. Muwonge could be valued at usd1.8 billion. Like many of Ugandas richest men of foreign roots, Charles Mbire who is An entrepreneur and investor was born in 1959 in Mparo, Rukiga District. He was appointed as the Attorney General in the country by Museveni. It is said Lubega builds or buys a new building of not less than USD7 million, every 6 months with money he collects from rent. With a current net worth of $910 million, Pastor Kakande has heavily invested in agriculture. Additionally, he also has two primary sections under the Seeta Junior School and a Kindergarten wing with two other branches. Additionally, he owns a ground-handling service known as Enhas at Ugandas Entebbe Airport. However, Sudhir has continued to invest in upscale accommodations and office spaces, as well as commercial buildings in DownTown Kampala. Aaron Mukooza currently sits on a staggering net worth of $200 Million, which earns him a spot among the richest men in Uganda. These businessmen have made their wealth by investing in different sectors. 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. Alykhans paternal grandfather, Ali Mohamed Karmali, was an entrepreneur of Indian heritage who immigrated to Uganda in 1904. He is known as a fortunate man because he started his business with a meager sum of about $25,000. From the time his company was registered, in 17 June 2011, Ssentongo Haruna has guarded its ownership at 99% and another 1% owned by Laura Nalukwago. Christine Nabukeera is known among the rich circles as Senga Nabukeera. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. Session of the United Nations General Assembly. The unlikely social media star owns a 15 per cent stake in a capital . 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, he is considered as a major investor with his investments running across sectors like the media and banking sectors. 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. Pastor Joseph has an estimated Net Worth of around 840 Million. Ravinder Kishore Sinha Biha. 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. TDP's Galla registered a win over Modugula Venugopala Reddy of the YSRCP in Andhra Pradesh's Guntur by a thin margin of 4,205 votes. He has also raised buildings at Arua park, Parkyard, and behind Gazaland. Subsequently, the Bank of Uganda, which governs all banks in the country, took control of Crane Bank in October that year. Even though most of her investments are hidden, she is known for having numerous investments in hotels. Coffee, tea, fish, and cotton are among its top exports. Stanley Githunguri. As their businesses thrive, their net wealth will continue to increase. Uganda is an East African country with a thriving economy. Mohammed, the younger, worked with his elder brother until the early 1990s when he founded Pan Afric Commodities, a commodities trading firm. But perhaps his most important project at the moment is the reconstruction of the Nakivubo War Memorial Stadium. In addition, Bitature became chancellor of Uganda Technology and Management University (UTAMU) in September 2021. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. 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. Being a well-trained lawyer and businessman, Thomas was a business partner to Caesar Augustine Mulenga, who is also a business tycoon and the founder of the Mulenga Development Kingdom. The report said government of Uganda should take "deliberate efforts to review and rationalize" the pay structure. Zambia. The Alliance High and the University of Nairobi alumnus is one of Kenya's richest MPs worth millions. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. Source: Roofing sheets. Uganda Breweries Ltd came into existence shortly after World War II in 1946. 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. (adsbygoogle = window.adsbygoogle || []).push({}); In Uganda, Karim Hijri is usually regarded as the main force behind the presence of the Dembe Group of Companies. Bob Kabonero is a Ugandan businessman and entrepreneur. That makes him one of the richest people in Uganda. Crown is a blue-chip beverage firm that produces premium carbonated soft beverages such as Pepsi, Mirinda, Mountain Dew, Sting, Evervess, and Nivana Mineral Water. His elder . Mr. Ruparelia, who was born in 1956, is an Indian-born Ugandan business mogul and investor. 1. 1. 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. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. All MPs earn a basic salary of 74,000 a year, with extra pay for those with other responsibilities such as ministers and the chairs of parliamentary committees. Being an Uganda businessman, entrepreneur, industrialist, and histopathologist in Uganda, Sikander was given birth to on the 4. of October, 1944 in Nsambya Hospital, Uganda. 10/10. John Bosco Muwonge tops the list of richest people in Uganda in 2022. Today, we walk you through the top ten richest Ugandans including their net worth. Your email address will not be published. In May 2015, he was re-elected to a second and final two-year term. Nana Akufo-Addo - Net Worth: $250 Million Dollars. 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. 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. Thats all about the richest men in Uganda. He has made significant investments in industry and banking, and he owns 36.5 percent of Exim Bank Uganda. 1. Simba Telcom is the largest selller of MTN airtime in Uganda. 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. In addition to his accumulated wealth, he also owns two residential apartments both in Mitooma and Kampala, each of which is valued at a very high cost. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. The richest and wealthiest MPS and politicians General Salim Saleh Although not . Most of the rich politicians in Uganda are known for making huge investments in numerous sectors across the country. This also drags him into the list of the richest men in Uganda. This article, therefore, presents to you the top ten richest Ugandans including their net worth. Jyotsna Ruparelia continues to maintain her wealthy status as Uganda's richest woman. Under the leadership President Yoweri Museveni, these people have amassed large . Muwonge could be valued at usd1.8 billion. Sudhir Ruparelia - Net Worth: $1.2 Billion Known as a renowned and fortunate tycoon, Sudhir Ruparelia occupies the first position in the list of richest men in Uganda. Shaikh Mohammed bin Rashid al Maktoum. Charge Faster and Play More with the new P38 Pro. 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. Richest Women in Uganda. Being an entrepreneur and an investor, Charles was born in the year 1959 in Mparo, Rukiga District. Records show, Haruna Enterprises has an annual turnover of USD 4 Million and employs not less than 600 people. Forth on our top richest companies in Uganda is an old but gold company. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. All MPs earn a basic salary of 74,000 a year, with . Additionally, she is considered as one of the powerful women in the country. Some of his businesses have subsidiaries not just in Uganda but also in Kenya, and Tanzania. 7. He is known as a fortunate man because he started his business with a meager sum of about $25,000. 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. 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. Save my name, email, and website in this browser for the next time I comment. All Rights Reserved. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. In Uganda, Karim Hijri is usually regarded as the main force behind the presence of the Dembe Group of Companies. Unfortunately, Crane Bank, which is Ruparelia Groups largest affiliate, faced a major fall in capital in 2016. Lalani is the founder of Roofings Group, the largest manufacturer of steel construction materials in Uganda with installed production capacity of 72,000 . (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? [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. Additionally, he is the brain behind the development of one of the famous companies in Uganda known as the Mukwano Group of Companies. It has also been clearly stated by him to Museveni that he doesnt want to come back to the cabinet so he can face and develop his empire very well. Currently, he is the chairman and a majority shareholder in the Aya Group of companies. Uganda is an East African country with a thriving economy. 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