He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. Richest People. With a net worth of about $670 million as of 2021, he is one of Ugandas richest natives. Some of his businesses have subsidiaries not just in Uganda but also in Kenya, and Tanzania. 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. ", "Kabonero has no shares in Kampala Casino - defendant", "Tycoon BMK In USh112 Million (US$46 Million) Rent Row", "Executive Pay: Unveiling Uganda's Eight-Figure Executives", "MTN's Charles Mbire named richest Indigenous Ugandan in latest survey", "How Mugerwa made his mark in printing business", "In 2012, Elvis Sekyazi's Net Worth Was Estimated At About US$12 Million", "Tycoon Kirumira Collapses Under Police Questioning", "Wavamunno Tells His Entrepreneurial Journey", "Isaac Mulindwa, dad partner with Indian tycoon to set up university", "List Of Ugandan Young BillionairesWho Will Inspire You To Work Hard", "Focus on Uganda: Securing Long Lasting Lustre And Resilience To The Pearl Of Africa", "Pictorial: Tycoon Hamis Kiggundu's Residence Very Safe And Not Flooded As Alleged", "NRM War, Corruption And Incompetence Have Helped Dr. Ian Clarke "Busulwa", "Sudhir, Bitature Ranked Top Earners From Stock Exchange", "Richest Man in Uganda and their networth", "Mugoya's KSh342 Million Award And The Art of Cowboy Contracting", "Renowned Businessman James Mulwana Is Dead", "James Mulwana 1936-2013: At The Time of Death, His Net Worth Was Valued At About US$30 Million", "Location Gives Arua An Edge In Business", "Court Issues Arrest Warrant for Jomayi Boss", "Police To Crack Down On Indiscipline Among Private Security Companies", "Juggled Business and Books At Eight Years", "Meet Mohammed Hamid, The $200 Million Milling Tycoon Of Uganda", "Mohammed Hamid the Hilton Hotel Uganda Owner: From a street vendor to a billionaire", "Bitature 'Milks' Cash From High - Breed Animals", "Local Firm Negotiates Shs28 Billion Property Development Deal", "Local Supermarkets Vie for Market Share", "Fort Portal And Kampala Experiment With New Solid Waste Management Systems", "How Sam Otada Inherited And Grew The Family Business", "My Husband's Death Woke Me To The Realities of Life", "The Maize Seeds That Sprouted Iganga's Mwaana Empire", "Sikander Lalani: Uganda's steel magnate", "Forbes Releases 2019 List Of Top 10 Richest People In Uganda And Their Net Worth, Sudhir Still On Top! She has been in the political system since 1989. The company is usually regarded as Ugandas biggest seller of MTN airtime. Under his tenure, the Mukwano Group Initiative maintains 36.5 percent shareholding. Thomas Tayeebwa owns numerous companies including SMS Empire Limited, Gateway Associates Limited, Wandaz Products Limited, Cholmart Investments, and a host of others. His company also has interests in other sectors including energy production, mining, media, real estate, travel, and leisure. 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. Being the Minister for Relief, Disaster Preparedness, and Refugees, Hillary Onek is the seventh richest politician in Uganda. 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. He is currently the chairman and the major shareholder of the Aya Group of companies. 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. 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. And finally on the list, Haruna Mubiru. Aaron Mukooza currently sits on a staggering net worth of $200 Million, which earns him a spot among the richest men in Uganda. He currently manages Simba Group of Companies that dabbles in telecoms, energy production, mining, media, real estate, travel, and leisure. Forth on our top richest companies in Uganda is an old but gold company. This is mainly because of his behavior towards tackling unemployment in the country. Mohamed Ali is Nyali Constituency's member of parliament. Additionally, the number of rich individuals in the country has increased over the past years. Mohammed Hamid was born in 1976 and was the second richest African under 40 after Mohammed Dewji, a Tanzanian. He is the chairman and principal stakeholder of the Ruparelia Groups firms. He was worth $ 500 million by 2021. Afterward, he bought one of Sudhir Ruparelias milling machines from Premiere Mills. Comcraft had more than $2 billion in yearly revenue in 2015, employed over 30,000 people across three continents, and was Africa's largest steel maker. Bobi Wine is the richest musician in Uganda today. Being President for over 38 years he has immersed wealth controlling milk production and Distribution in Uganda with his Ankole Rwakitura Farm and other farms in Ankole. 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. Given birth to in Kabatoro, Sudhir Ruparelia comes from an upper-middle-class Indian Gujarati family. The outspoken young tycoon is said to be collecting not less than USD1 million a month. The report said government of Uganda should take "deliberate efforts to review and rationalize" the pay structure. In 2010, he was chairman of the Uganda Securities Exchange. Dr Sudhir has business interests in several sectors of the Ugandan economy such as insurance, broadcasting, real estate, education, floriculture, banking, hotels, and resorts. His philanthropic lifestyle has been evident in the country, as he has donated numerous materials to various clubs and organizations in the country. Records show, Haruna Enterprises has an annual turnover of USD 4 Million and employs not less than 600 people. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. Another old and wealthy politician in the political system of Uganda is Rebecca Kadaga. Nzeyis net worth as of 2021 was about $1 billion, making him the third richest person in Uganda. 3. 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. With the rate at which his wealth is growing, he may exit the fourth position in the years to come. Hotels, real estate, construction equipment, Entertainment, broadcasting, nightclubs, mineral water, Real estate, hotels, schools, transportation, international trade, security guards. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. List of wealthiest men in Uganda. He is building warehouses for agro produce sales and rents them out. He was also accused in 2011 for receiving bribes as kickbacks from an Irish Oil firm known as Tullow Oil. 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. In addition, Bitature became chancellor of Uganda Technology and Management University (UTAMU) in September 2021. Bobi Wine - Net Worth $7.3 million . Moreover, businessman Nzeyi owns a stake at Crown Beverages Limited, Hot Loaf Bakery, White Horse Inn, National Bank of Commerce, and Nandos Restaurant. Later, he founded FIFI Transport Uganda Limited, which later became Panafric Transport. Sikander Lalani. This came as a recognition of his contribution to the countrys economic progress. Ronald Mayinja. In 2020, Skinner and his church were criticized for disregarding Covid restrictions and having his children's choir go on tour. Analysts say Haruna strategy has been to turn Mengo Kisenyi into a premier business center. Sudhir has maintained his Forbes net worth of USD 1.2 billion. Rebecca is also the richest female politician in the country. Here is the list of top 10 Richest Men in Ghana. Karim Hirji - Net Worth: $800 Million Karim Hirji is a businessman, hotel owner, and entrepreneur in Uganda. Uganda is an East African country with a thriving economy. The last two years have disrupted many things including the wealth of the rich class. This is a private university in Kampala, Ugandas capital city. Recently, in 2020, he was appointed as an honorary consul of the Republic of Nepal to Uganda by the President of Nepal. 1. TORY rising star Jacob Rees-Mogg is one of parliament's richest MPs - raking in 1million this year, it has been revealed. 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. The unlikely social media star owns a 15 per cent stake in a capital . kenyahistory. 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. Apart from being a businessman, he is also known for making huge investments in sectors like real estate, broadcasting, education, insurance, banking, and others. Furthermore, Bobi Wine has maintained the first position in the list of Forbes richest musician in Uganda from 2018 to 2022. Known as a renowned and fortunate tycoon, Sudhir Ruparelia occupies the first position in the list of richest men in Uganda. 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. 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. 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. Alykhan is also one of the major investors in the banking and manufacturing sectors. The MPs, especially Senyonyi, praised long serving CFO Paul Turyayicenga for saving Uganda Airlines when he blocked Abavator 's $404,000 invoice because it was over payment. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. As of January 2012, he was said to be the richest native Ugandan, with a net worth of more than $200 million. Jyotsna Ruparelia continues to maintain her wealthy status as Uganda's richest woman. These businessmen have made their wealth by investing in different sectors. Labour politicians on the Rich List. Top 10 Richest Politicians In Uganda 1. Moreover, he is the author of Reason as the World Masterpiece and Success and Failure Based on Reason and Reality books. Haruna Sentongo is another new entrant on the top 10 wealth list. Representing Lanwo County, Onek is one of the major investors in the country that have eyes on buildings and hotels. Patrick Bitature net worth is $100 million. 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. He is worth USD1 billion. Aaron Mukooza currently sits on a staggering net worth of $200 Million, which earns him a spot among the richest men in Uganda. Given birth to in 1962 in Arua, Arua District, Mukesh has businesses that are organized under the Shumuk Group. In 2013 he was made a Knight of the Order of St. John. He was elected from Ambedkar Nagar in Uttar Pradesh and is worth Rs 16.4 crore. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. In fact, some of her citizens on the list of richest men in Uganda occupy some position in the Forbes List of rich individuals in the World. Some of the companies include a milk processing plant, a money-lending business, a foreign exchange bureau, and a host of others. Pastor Samuel Kakande. Haruna Enteprises has won numerous Kampala Capital City Authority awards for supporting the citys activities. Sikander Lalani is a Ugandan entrepreneur, industrialist, and former histopathologist. The JD (U) leader's movable assets are worth Rs 4,043.48 crore and immovable assets are . 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. 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