Your email address will not be published. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. The tenth person in this list of the top ten richest men in Ghana is Nana Akufo-Addo. Sikander Lalani is a Ugandan entrepreneur, industrialist, and former histopathologist. Simba Telcom is the largest selller of MTN airtime in Uganda. He is also one of those that derive most of their wealth from the political arena. The list is not exhaustive, and net worth values are hard to determine.[3]. Top 10 Richest Men In Uganda 1. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. Top 7 Richest politicians and MPs in Uganda. The unlikely social media star owns a 15 per cent stake in a capital . Additionally, she is considered as one of the powerful women in the country. At just 37, Hamis Kiggundu is one of East Africas most revered young entrepreneurs and real estate moguls. The per capita income in Uganda in 1999 was approximately US$650 annually. Charles Mbire is one of Ugandas richest native. Bobi Wine is also one of the Richest politicians in Uganda. [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. Muwonge is an allusive billionaire who is rarely seen in public. The Pyramids Casino and Kampala Casino are two of his business ventures. Sudhir Ruparelia is currently the richest man in Uganda , with an estimated net worth of USD1. According to Wikipedia, Haruna Ssentongo, is one of the richest people in Uganda, and is said to be worth USD 420 million. 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. Among the table posts Charles held, he was chairman of the Uganda Securities Exchange in 2010, a member of the Presidential Investor Roundtable, which includes an elite group of businesspeople advising the President of Uganda on how to best improve the competitiveness and business conditions of the country. Nadia Kabahita Mbire is one of only two daughters born to tycoon Charles Mbiire, Uganda's richest indigenous man whose worth is estimated at US$200 million. On top of that Sudhir has not stopped his support for charitable works and other social causes. Alykhan Karmali is among the richest people in Uganda born to immigrants. Alykhan Kharmaji is another prominent industrialist who founded the Mukwano Group of Companies. Uganda Breweries Ltd came into existence shortly after World War II in 1946. In thirty-fifth spot is the BJP's Suresh Angadi. 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. Ragga Dee He is one of the Veteran musicians in Uganda. All Rights Reserved. His net worth amounts to $800 million, making him the second richest man in Uganda. 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. 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. Jayadev Galla is the fifth richest MP in the 17th Lok Sabha with a declared asset of over Rs 305 crores. Karim Hirji is a Ugandan entrepreneur, hotel owner, and businessman. Ruparelia was also appointed Honorary Consul of the Republic of Nepal to Uganda, by Bidhya Devi Bhandari, the president of Nepal in 2020. These businessmen have made their wealth by investing in different sectors. The Ugandan Businessman was the second richest African under 40 in 2015, according to Forbes, following Tanzanian multimillionaire, Mohammed Dewji. Alykhan is also one of the major investors in the banking and manufacturing sectors. Haruna Mubiru is the 10th on the list of top 10 richest musicians in Uganda in 2022 today or right now. Being the Minister for Relief, Disaster Preparedness, and Refugees, Hillary Onek is the seventh richest politician in Uganda. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. Alykhan Kharmi is considered a notable individual in Uganda under the aegis of the Mukwano Family. Being an entrepreneur and an investor, Charles was born in the year 1959 in Mparo, Rukiga District. Jayadeva Galla. She has been in the political system since 1989. 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. In the 1970s, he quit medicine to operate a retail electronics company in Kigali, Rwanda, specializing in Philips products. In addition, Bitature became chancellor of Uganda Technology and Management University (UTAMU) in September 2021. 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. Felix Ogong is one of the richest politicians in Uganda and he is representing Dokolo South County. In addition to the numerous exporting activity of the country, the country has also witnessed consistent economic growth with crude oil and natural gas. Also, she is known to be the voice of the numerous women in the country. Mr. Bitature has over the years built other businesses within the Simba Group of Companies. 2. The 15 Richest Families In Uganda 2023. The richest and wealthiest MPS and politicians General Salim Saleh Although not . He occupied the seat after defeating President Yoweri Museveni in the parliamentary election. Here comes the media guru by the name Aaron Mukooza, he is one of the richest entrepreneurs in Uganda. The Alliance High and the University of Nairobi alumnus is one of Kenya's richest MPs worth millions. Nadia's little sister Thandiwe Mbiire is a laid back gal but still finds time to enjoy the fruits of their father's labour. Recently, he was involved in a case where he was alleged to have collected the sum of 500,000 Dollars from a foreign investor. Mugisha is a young billionaire owning a public relations company known asTerp Consult which has got several lucrative contracts from the government, the major one being the US$1 million Gifted By Nature CNNmarketing campaign. Moreover, he is the author of Reason as the World Masterpiece and Success and Failure Based on Reason and Reality books. (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? Sudhir Ruparelia Other posts he has once served include as a Minister of Energy and Mineral, Minister of Agriculture, Animal Industry and Fisheries, etc. But perhaps his most important project at the moment is the reconstruction of the Nakivubo War Memorial Stadium. 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. Dembe Group comprises an automobile dealership, an amusement park, finance and insurance companies, hotels, etc. John is believed to be the second richest politician in Uganda. In 2020, Skinner and his church were criticized for disregarding Covid restrictions and having his children's choir go on tour. Mr. Kabonero is the chairman of Park Hospitality Limited, which developed the Kampala Radisson Blue Hotel in collaboration with the Carlson Rezidor Hotel Group. He is currently the chairman and the major shareholder of the Aya Group of companies. 10. pjimage (1) Attribution 3.0 Unported (CC BY 3.0) license from UK Parliament. Another rich individual that joined the political system just for fun because of his former richness is William Byaruhanga. This is an elite group of executives that advise Ugandas President on how to improve the countrys competitiveness and economic climate. Before joining politics, he is a rich individual and that has made him influenced politics in Tororo. 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. Charles Magezi Mbire is an entrepreneur, businessman, and industrialist. Uganda bordered by countries like Rwanda, South Sudan, the Democratic Republic of Congo, Tanzania, is a country known for its consistent economic growth. He has made significant investments in industry and banking, and he owns 36.5 percent of Exim Bank Uganda. In Uganda's 2016 elections, Bebe Cool headlined the campaign trail for president Museveni which earned him millions of cash. Tory MPs net worth ranked: Sajid Javid, the health minister, is the eight richest cabinet member (Image . A BigEye Uganda Media Company. Also Read:Top 10 Richest People in Africa. However, despite being a rich and developing country, Uganda also houses numerous millionaires and billionaires. Mohammed Hamid was born in 1976 and was the second richest African under 40 after Mohammed Dewji, a Tanzanian. Karmali also sat on the board of directors of Exim Bank (Uganda), a commercial bank in which Karmalis Mukwano Group owns a 36.5 percent stake. Furthermore, Bobi Wine has maintained the first position in the list of Forbes richest musician in Uganda from 2018 to 2022. Abdu Katuntu who represents Bugweri County is one of the oldest and rich opposition MP in Uganda. Jyotsna Ruparelia is the wife of the wealthy Sudhir Ruparelia - a leading business tycoon in Uganda. He currently manages Simba Group of Companies that dabbles in telecoms, energy production, mining, media, real estate, travel, and leisure. Just like Yeri, she has made massive investments in the educational sector. As a philanthropist, he has donated numerous materials to different associations and organizations in the country. Net Worth 2022 - $500,000. Just like his portfolio implies, He has tried in all capacities to improve the educational standard of the country. Following the appointment of Dr. Amos Nzeyi as Honorary Consul, the Consulate of Mauritius became the first representative of Mauritius in Uganda in 2018. Bob Kabonero graduated from Oxford Brookes University in Oxford, England, with a bachelors degree in business administration and retail management. 8. Karim Hirji - Net Worth: $800 Million Karim Hirji is a businessman, hotel owner, and entrepreneur in Uganda. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. One of the oldest entrepreneurs in the history of Uganda is Sikander Lalani. Born in 1976, Hamid is one of the youngest richest people in Uganda. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. His term began on September 17, 2021, and will end in 2025. He is actually a lawyer and a politician. We are committed to adding value to our clients by providing unparalled knowledge of the Ugandan real estate markets and financial needs.. Nakul Nath According to the Association for Democratic Reforms (ADR), Congress' Nakul Nath, who contested his maiden election this year, is the richest MP with declared assets of over Rs 660 crore. The current list of wealthiest politicians in Uganda. In fact, in 2015, these commodities boosted the economy of the country massively. 1. He was also accused in 2011 for receiving bribes as kickbacks from an Irish Oil firm known as Tullow Oil. Muwonge could be valued at usd1.8 billion. 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. It is a major belief in Uganda that he harnessed many of his profits from investments and the ability to use his creative mind. The richest people in Uganda 2022 include native Ugandans as well as businessmen who are born to immigrants. Rebecca is also the richest female politician in the country. According to Forbes, he has a net worth of $900 million. Manu Chandaria graduated from Jamnagar University in India and then went on to study engineering at the University of Oklahoma. Afterward, it grew into Dembe Enterprise, which eventually advanced to become the Dembe Group of Companies. Alph Lukau - $1 Billion. With a current net worth of $910 million, Pastor Kakande has heavily invested in agriculture. Many people believed that it was his legal brilliance that earned him the portfolio, and not because of the richness attached to it. Muwonge could be valued at usd1.8 billion. 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 . 12,736 views Premiered Sep 18, 2021 7 Dislike Share Save Pearl 1Xtra 7.53K subscribers #Subscribe !! 3. Given birth to in 1976, Mohammed Hamid was the second richest African under the age of 40 after Mohammed Dewji, who is a Tanzania. Uganda is one of the countries in the Eastern part of Africa that has a very fast-growing economy. Here is the list of top 10 Richest Men in Ghana. 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. Bobi Wine is the richest musician in Uganda today. He is an industrialist and owner of . Mohamed Ali is Nyali Constituency's member of parliament. Copyright 2023 Daily Express Uganda. He is building warehouses for agro produce sales and rents them out. Pastor Joseph has an estimated Net Worth of around 840 Million. Being the MP representing Bumunanika County in Luweero District and the State Minister for Higher Education, John is a well-recognized politician in Uganda. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. In fact, almost all posh hotels in Eastern Uganda belong to her. 1. For 20 years now, since its inception, Sikander has established the steel-manufacturing group of companies in Nigeria which comprises three distinct factories. 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. 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. Source: Roofing sheets. Mr. Ruparelia, who was born in 1956, is an Indian-born Ugandan business mogul and investor. Also, agriculture has been known as a major contributor to the growth of the economy. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. Christine Nabukeera is known among the rich circles as Senga Nabukeera. 1. Mbire was born in 1959 in Mparo, Rukiga District, which is located southwest of 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. Your email address will not be published. Karim Hijris company today has subsidiaries named Dembe FM, a radio station; an automobile dealership, a finance and insurance business, an amusement park, and numerous hotels under the Imperial Hotels Group. Ravinder Kishore Sinha Biha. Additionally, he also has two primary sections under the Seeta Junior School and a Kindergarten wing with two other branches. Kimani is worth an estimated Kshs 500 million. Even though most of her investments are hidden, she is known for having numerous investments in hotels. 15. Yuri Milner built a $3.9 billion fortune, thanks to early funding from Kremlin-connected sources. #top10richest #tycoons. 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. 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. It is a common belief in Uganda that his company is the source of his wealth. 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. 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. 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. Although not involved in elective politics General Salim Saleh is the richest politician in Uganda as he once served as state Minister. Hamis has invested in real estate, agro-processing, education, and technology among others. Adam Becket. Al-Amoudi earned his net worth through his construction, real estate, oil refineries and other businesses. Read also. In 2014, Galla won the seat by a margin of 69,111 votes. Analysts say Haruna strategy has been to turn Mengo Kisenyi into a premier business center. Just like with many other entrepreneurs in the country, Gordon has investments across numerous companies including Wavah FM, Wavah Water Limited, GM Tumpeco Limited, and numerous others. His philanthropic lifestyle has been evident in the country, as he has donated numerous materials to various clubs and organizations in the country. 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. 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. ", https://en.wikipedia.org/w/index.php?title=List_of_Ugandans_by_net_worth&oldid=1142374835, Good African Coffee, Rwenzori Coffee, investments. Being the brain behind the establishment of Roofing Groups, Sikander occupies the sixth position with a net worth of $300 Million. 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. Alykhans paternal grandfather, Ali Mohamed Karmali, was an entrepreneur of Indian heritage who immigrated to Uganda in 1904. 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. Kiggundu was honored with an award in 2018 for his book, Success and Failure Based on Reason and Reality. He is reported to be one of the wealthiest individuals in Uganda, with an estimated net worth of about US$800 million. John Bosco Muwonge tops the list of richest people in Uganda in 2022. And finally on the list, Haruna Mubiru. Patrick Bitature is the seventh richest man in Uganda. Here are the richest tribes in Uganda. 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