";s:4:"text";s:27272:" Like many other business tycoons in the country, Gordon has invested in numerous companies including Wavah Water Limited, GM Tumpeco Limited, and many others. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. Being an entrepreneur and an investor, Charles was born in the year 1959 in Mparo, Rukiga District. More to that, he is regarded as an investor with his investments in sectors such as the media and banking sectors. He worked with his older brother in the early 1990s until he started his first company called Pan Afric Commodities, which is also a commodities trading company. The company has a fleet of hundreds of heavy-duty Scania and MAN movers and trailers. Stanley Githunguri. Given birth to in Kabatoro, Sudhir Ruparelia comes from an upper-middle-class Indian Gujarati family. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. Muwonge could be valued at usd1.8 billion. Net Worth 2022 - $500,000. He has been in the parliament since 1980 and he was the former President of the 69th Session of the United Nations General Assembly. This has significantly added to the improvement of the economic condition of 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. However, real estate remains the backbone still holding his wealthy position. Charles Mbire is the wealthiest native of Uganda as many of the richest men in Uganda of the foreign descents. Mohammed Al-Amoudi is an Ethiopian businessman who has become one of the richest people in the world. 2. Known as a landlocked country in the East-Central of Africa, Uganda is a country known for exporting needed materials like coffee, fish, maize, cement, tobacco, sugar, hides and skins, cocoa beans, and a host of others. 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 has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. He became enamored with the country and decided to stay. Dembe Group comprises an automobile dealership, an amusement park, finance and insurance companies, hotels, etc. His net worth is more than USD 290 Million. 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. Labour politicians on the Rich List. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. In thirty-fifth spot is the BJP's Suresh Angadi. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. Mohammed Hamid is another prominent Ugandan entrepreneur and businessman. Sam Kuteesa has been serving in government since 1980 during the Obote regime where he won against Museveni the current President. Alykhan Karmali is among the richest people in Uganda born to immigrants. Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. 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. Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. Some of his hit jams are Kiwani, Wendi, Aida, Mr Money, Tuliyambala Engule, Ogenda, and Akalimu. The richest and wealthiest MPS and politicians Contents General Salim Saleh President Museveni Sam Kuteesa Thomas Tayebwa John Chrysestom Muyingo Bobi Wine Rebecca Kadaga General Salim Saleh Although not involved in elective politics General Salim Saleh is the richest politician in Uganda as he once served as state Minister. Real Estate, Hospitality, International trade. #top10richest #tycoons. 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. Simba telcom also owns Kampala Pretoria hotel. He occupied the seat after defeating President Yoweri Museveni in the parliamentary election. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. Al-Amoudi earned his net worth through his construction, real estate, oil refineries and other businesses. Sudhir got a setback with Bank of Uganda grabbed his Crane bank from him and later Covid19 affected his massive investments in the hospitality, education, and flower sectors. Albert is a young entrepreneur and a billionaire, the founder of the private limited logistics company in Uganda known as Kenlloyd Logistics, Albert who is also married to Sam Kuteesas daughter Ishta Kuteesa, was also appointed by a German logistics company called DB Schenker as their country exclusive representative, a real estate dealer and also a majority shareholder of Pioneer Easy Bus. Hon. 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. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. Nana Akufo-Addo - Net Worth: $250 Million Dollars. He is a business expert, a politician, and a journalist. The list is not exhaustive, and net worth values are hard to determine.[3]. 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. 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. Another interesting fact is that Charles Mbire didnt actually get off to a good start and his story has always served as a form of motivation and inspiration for aspiring business people and women. Aaron Mukooza currently sits on a staggering net worth of $200 Million, which earns him a spot among the richest men in Uganda. Subscribe to our newsletter and never miss our latest news, podcasts etc.. Our site is an advertising supported site. He was elected from Belgaum in Karnataka and is worth Rs 16.4 crore. Born in 1984, Kiggundu is currently the Chief Executive Officer of the Ham Group of Companies. The Pyramids Casino and Kampala Casino are two of his business ventures. Uganda Breweries Ltd came into existence shortly after World War II in 1946. Bobi Wine is the richest Ugandan musician in 2022, with an estimated net worth of $12 million. Additionally, he is the brain behind the development of one of the famous companies in Uganda known as the Mukwano Group of Companies. He is the founder of Roofing Groups and was born on October 4, 1944, in Uganda. Top 7 Richest politicians and MPs in Uganda. He is known as a fortunate man because he started his business with a meager sum of about $25,000. Being the Minister for Relief, Disaster Preparedness, and Refugees, Hillary Onek is the seventh richest politician in Uganda. The hotel is the biggest hotel in the whole Northern part of Uganda. Anybody that has an investment in the roofing sector and is not familiar with Sikander Lalani is not actually an active member of the sector. The per capita income in Uganda in 1999 was approximately US$650 annually. He was a previous member of the Uganda Development Banks board of directors. The New Tourist 138K subscribers Subscribe 218 Share 9.3K views 1 month ago #richestfamilies #richestfamilies Top 15 richest families in Uganda.. Afterward, it grew into Dembe Enterprise, which eventually advanced to become the Dembe Group of Companies. He was worth $ 500 million by 2021. pjimage (1) Attribution 3.0 Unported (CC BY 3.0) license from UK Parliament. As their businesses thrive, their net wealth will continue to increase. He then acquired one of Sudhir Ruparelias milling machines from Premiere Mills. Known as a renowned and fortunate tycoon, Sudhir Ruparelia occupies the first position in the list of richest men in Uganda. Under the leadership President Yoweri Museveni, these people have amassed large . This came as a recognition of his contribution to the countrys economic progress. 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 is a private university in Kampala, Ugandas capital city. 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. Under his tenure, the Mukwano Group Initiative maintains 36.5 percent shareholding. Every MP was granted more than $41,000 in 2013 to buy personal cars and also free ipads which were estimated to cost a total of $370,000. Additionally, he owns a ground-handling service known as Enhas at Ugandas Entebbe Airport. Uganda is one of the countries in the Eastern part of Africa that has a very fast-growing economy. He has also been on the spotlight for promoting homophobia in Uganda. 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. 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. Later on, Lalani relocated to Uganda due to Tanzanias burdensome bureaucracy. All Rights Reserved. Jyotsna Ruparelia continues to maintain her wealthy status as Uganda's richest woman. Just like his portfolio implies, He has tried in all capacities to improve the educational standard of the country. He is an industrialist and owner of . Ravinder Kishore Sinha Biha. The company is usually regarded as Ugandas biggest seller of MTN airtime. 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. John Muyingo is the Director of Seeta School which are the most prestigious High school in Uganda with over Four Campuses in Seeta main, Seeta Gree, Forest Hill and Seeta Mbalala Campus. (adsbygoogle = window.adsbygoogle || []).push({}); In Uganda, Karim Hijri is usually regarded as the main force behind the presence of the Dembe Group of Companies. She has wealth in Land and real estate in Jinja and Kampala. Edwin is one of the youngest billionaires in the country, he is one of the Co-founders of a powerful law firm known as Kiwanuka & Karugire Advocateslocated on Acaccia avenue in Kampala, he is reportedly said to have managed the selling of the former assets of Uganda Railway Corporation, Edwin who married the eldest daughter of the president, Natasha Museveni also handles very powerful legal cases worth of billions of money, he also owns one of the biggest cattle farms in the country and he is a real estate dealer with serious buildings in Kampala. He was also awarded an honorary doctorate from Makerere University. Additionally, she is considered as one of the powerful women in the country. 3 August 2017, 9:10 am. John is believed to be the second richest politician in Uganda. Although he is no longer in service of the government, he is very wealthy. Businessman Nzeyi serves as the Honorary Consul for Mauritius in Kampala, Uganda. 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. 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. 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. The names are arranged alphabetically, using the first name to select rank. It is a common belief in Uganda that his company is the source of his wealth. In 2012, Uganda Investiment Authority named Miraj Barot as the youngest entrepreneur, he invested over $30 million inTirupati Development, a real commercial estate Which includes Ovino market, Mazima mall in Kabalagala,Kyebando warehouses and etc. Today, there are numerous churches available for worship in Uganda. One of the oldest entrepreneurs in the history of Uganda is Sikander Lalani. Hamis Kiggundu, who is known by many as Ham, is a Ugandan business magnate with investments in different sectors. With Kampala as his hometown, he is also considered one of the most influential individuals in the country. ", https://en.wikipedia.org/w/index.php?title=List_of_Ugandans_by_net_worth&oldid=1142374835, Good African Coffee, Rwenzori Coffee, investments. 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 is worth USD1 billion. According to Forbes, the Ugandan business tycoon had a net worth of approximately $870 million in 2021. He has also raised buildings at Arua park, Parkyard, and behind Gazaland. As a Ugandan business tycoon and investor, he has made huge investments in sectors such as real estate, manufacturing, transportation, and many others. Haruna Enteprises has won numerous Kampala Capital City Authority awards for supporting the citys activities. Some of his businesses have subsidiaries not just in Uganda but also in Kenya, and Tanzania. With a net worth of over $1 billion, he is the second richest man in Uganda today. Top 7 Richest politicians and MPs in Uganda. Save my name, email, and website in this browser for the next time I comment. His net worth amounts to $800 million, making him the second richest man in Uganda. Also, agriculture has been known as a major contributor to the growth of the 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. Mr. Bitature is the CEO of the Simba Group of Companies, which is a conglomerate with holdings in telecommunications, energy, travel, real estate, leisure, media, and mining. 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. Richard Kabonero, Ugandas ambassador to Tanzania, is his older brother. Mr. Bitature has over the years built other businesses within the Simba Group of Companies. He has been in the parliament since 1980 and he was the former President of the 69. However, despite being a rich and developing country, Uganda also houses numerous millionaires and billionaires. RK is married to Shrimati Rita Kishore Sinha, with two children. 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. Sudhir Ruparelia is the richest person in Uganda. Additionally, he owns a ground-handling service known as Enhas at Ugandas Entebbe Airport. In May 2015, he was re-elected to a second and final two-year term. The Alliance High and the University of Nairobi alumnus is one of Kenya's richest MPs worth millions. He was elected from Ambedkar Nagar in Uttar Pradesh and is worth Rs 16.4 crore. Do you have a story or an opinion to share? 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 is the chairman and principal stakeholder of the Ruparelia Groups firms. 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