He was a previous member of the Uganda Development Banks board of directors. Also Read:Top 10 Richest People in Africa. Currently, he is the CEO and the main force behind the Mukwano Group of Companies which is one of the most famous companies, not only in Uganda but entire Africa. 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. 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. Ravinder Kishore Sinha Biha. Mohammed Hamid was born in 1976 and was the second richest African under 40 after Mohammed Dewji, a Tanzanian. 4. Many people believed that it was his legal brilliance that earned him the portfolio, and not because of the richness attached to it. 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. This article, therefore, presents to you the top ten richest Ugandans including their net worth. He won the seat on an independent ticket and has served the people remarkably well. 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. Subscribe to our newsletter to get our newest articles instantly! Uganda discharges last known Ebola patient, health ministry says. He is worth USD1 billion. Moreover, he is the author of Reason as the World Masterpiece and Success and Failure Based on Reason and Reality books. Afterward, he bought one of Sudhir Ruparelias milling machines from Premiere Mills. 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. Amos Nzeyi is a well-known Ugandan entrepreneur, businessman, and manufacturer. Geoffrey Lutaaya. This came as a recognition of his contribution to the countrys economic progress. Kiggundu was honored with an award in 2018 for his book, Success and Failure Based on Reason and Reality. Mr. Bitature has over the years built other businesses within the Simba Group of Companies. Subsequently, the Bank of Uganda, which governs all banks in the country, took control of Crane Bank in October that year. 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. Source: Roofing sheets. Before joining politics, he is a rich individual and that has made him influenced politics in Tororo. LONDON The latest register of members of parliament's financial interests shows that all 11 of the highest earning backbench MPs are Conservatives, and only two are women. Save my name, email, and website in this browser for the next time I comment. Additionally, he owns a ground-handling service known as Enhas at Ugandas Entebbe Airport. "All Government remunerations should be . This is a private university in Kampala, Ugandas capital city. This is because of the numerous opportunities provided by the country to both private and public organizations. He has multiplied his stake in Kampalas CBD in the past couple of years and owns Namanda, Cooper complex, Cornerstone, Discount mall, Shamba complex, Shauriyako, Ggagawala, Namayiba bus terminal, Gwanda mall Kisenyi, Superior complex, New Arua park complex, he has a street in Nabugabo, and has over 40 construction sites in Kampala, plus over 400 acres of land in Kisenyi area. With a swooping revenue of 44.9 million USD as of 2016. Today, we walk you through the top ten richest Ugandans including their net worth. Save my name, email, and website in this browser for the next time I comment. 2 billion. But before entering politics, he was a partner at two highly-profitable hedge funds and is now thought to be one of the richest. Another rich individual that joined the political system just for fun because of his former richness is William Byaruhanga. This has been linked to the numerous opportunities available in the country. Bharti Airtel Limited, an Indian company, is the parent company of Airtel Uganda Limited. 1. This is an elite group of executives that advise Ugandas President on how to improve the countrys competitiveness and economic climate. He occupied the seat after defeating President Yoweri Museveni in the parliamentary election. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. (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? She is the leading provider of High school scholarships in the Entire East educating over 200 students on her personal wealth. Mr. Mbire has made his wealth by investing in diverse sectors. As a result, we analyzed and formulated a comprehensive list of the richest musicians in Uganda from 2021 to 2022, Forbes. At just 37, Hamis Kiggundu is one of East Africas most revered young entrepreneurs and real estate moguls. As their businesses thrive, their net wealth will continue to increase. Hamis has invested in real estate, agro-processing, education, and technology among others. Alykhan Kharmaji is another prominent industrialist who founded the Mukwano Group of Companies. The Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. 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. Mohammed Al Amoudi's net worth is roughly $12.6 Billion dollars. The outspoken young tycoon is said to be collecting not less than USD1 million a month. a street vendor in Kamwokya, one of the poorest neighborhoods As their businesses thrive, their net wealth will continue to increase. However, not all of them receive numerous attendants since some are small in size. He came into the parliament in 2016 as a rich individual. Hillary Onek also has a similar hotel in Kitgum District and he is currently setting up another multimillion structures as an extension of Bomah Hotel. Karim Hirji is generally seen In Uganda as the driving force behind the Dembe Group of Companies. He was elected from Ambedkar Nagar in Uttar Pradesh and is worth Rs 16.4 crore. Businessman Sudhir Ruparelia has again topped our list of the 10 richest people in Uganda. He is the leader of the Entire wealth operation in Uganda and leader and managing director of all industrial Parks in Uganda. Haruna and his brother Hamis are young businessmen who have used their family business experience to invest wisely and grow their wealth. 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. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. Under his tenure, the Mukwano Group Initiative maintains 36.5 percent shareholding. One of the oldest entrepreneurs in the history of Uganda is Sikander Lalani. 11.Sembule Family- They own Sembule Steel Rolling . We resent fake stories in all our published stories, and are driven by our tagline of being Accurate, Fast & Reliable. Sudhir Ruparelia is currently the richest man in Uganda, with a net worth of $1.2 billion. However, real estate remains the backbone still holding his wealthy position. His Japanese acquaintances, who used to supply him with electronics, suggested the idea of making metallic roofing materials. 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. He has built a steel-manufacturing conglomerate in Uganda which consists of three separate factories that have been organized into the Roofings Group. Although he is no longer in service of the government, he is very wealthy. 8. In thirty-seventh spot is the BJD's Baijayant Panda. 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. Pastor Joseph Sserwadda. His net worth amounts to $800 million, making him the second richest man in Uganda. She has wealth in Land and real estate in Jinja and Kampala. Additionally, he is also the owner of Cham Towers, which was the former Uganda Commercial Bank Towers. His elder . Mr. Ruparelia, who was born in 1956, is an Indian-born Ugandan business mogul and investor. Today, there are numerous churches available for worship in Uganda. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. Haruna Sentongo is another new entrant on the top 10 wealth list. As a Ugandan business tycoon and investor, he has made huge investments in sectors such as real estate, manufacturing, transportation, and many others. His investments are mainly in the areas of education, broadcasting,banking, insurance, real estate, floriculture, hotels, and resorts. Being the Minister for Relief, Disaster Preparedness, and Refugees, Hillary Onek is the seventh richest politician in Uganda. Do you have a story or an opinion to share? Born in 1976, Hamid is one of the youngest richest people in Uganda. The new wealth list favors those in real estate, particularly, those in commercial buildings in big cities, particularly Kampala. The wealthiest Pastor in Uganda this year is Pastor Samuel Kakande, he has an estimated Net Worth of 920 Million. 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 has been known for fulfilling numerous responsibilities including being the Chairman of the Bayimba Cultural Foundation Board. Representing Lanwo County, Onek is one of the major investors in the country that have eyes on buildings and hotels. However, the contributing factor is not only the fund generation by the Government. Karim Hirji is a Ugandan entrepreneur, hotel owner, and businessman. Haruna Mubiru is the 10th on the list of top 10 richest musicians in Uganda in 2022 today or right now. Dr. Sudhir Ruparelia. Most of Ugandas exports are agricultural products. According to Forbes, he has a net worth of $900 million. 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