25 Mar, 2022, 10.20 PM IST Elon Musk, Jeff Bezos, Mark Zuckerberg and Bill Gates: World's 10 richest men doubled their fortunes during pandemic, says report Sudhir Ruparelia is currently the richest man in Uganda , with an estimated net worth of USD1. His net worth amounts to $800 million, making him the second richest man in Uganda. Tory MPs net worth ranked: Sajid Javid, the health minister, is the eight richest cabinet member (Image . The business magnate hails from the Kabarole region. His investments have spanned a wide variety of industries including pharmaceuticals, energy, real estate, agribusiness, telecommunications,and finance. The unlikely social media star owns a 15 per cent stake in a capital . In addition, Bitature became chancellor of Uganda Technology and Management University (UTAMU) in September 2021. 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. 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. Afterward, he bought one of Sudhir Ruparelias milling machines from Premiere Mills. Alykhan Karmali is among the richest people in Uganda born to immigrants. 7. Uganda is an East African country with a thriving economy. He also owns massive chunks of Land in Ankole, Gulu with a House and Kampala. The Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. Hakainde Hichilema is number one on this list for Richest Zambian Politicians, currently working on the University project to cost over $80 million, having a net worth estimated to be about $1.0 billion dollars. 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. Just like many other entrepreneurs in the country. The MPs earn 35,000,000 Uganda shillings, equivalent to 8,427. 15. When genocide erupted in Rwanda in 1994, he fled to Tanzania. According to Forbes, the Ugandan business tycoon had a net worth of approximately $870 million in 2021. He is the owner of Feliestar Buses and numerous other radio stations including Voice of Lango. Banyankole. Here are the Top 10 Richest Ugandan Artists and their Net worth . 10 Top Richest Tycoons In Uganda - Number one will Shock You! Simba telcom also owns Kampala Pretoria hotel. Mohamed Ali Hon. Simba Telecom has risen to become Ugandas top MTN airtime seller, with gross sales exceeding US$80 million in 2010. 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. That makes him one of the richest people in Uganda. Being a businessman, entrepreneur, and industrialist, Alykhan Kharmi served as a non-executive director of Exim Bank which is a commercial bank in Uganda. According to Forbes, he has a net worth of $900 million. 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. Uganda's new list of the wealthiest, according to sources, has also changed tremendously with big names such as Patrick Bitature, Charles Mbire, among others, dropping off the top 10 as previously reported. 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. In 2013, he was appointed Knight of the Order of Saint John. 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. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. The Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. In the top 10 districts ranked by average income (GDP per capita), Wakiso is followed by Kampala at Shs9,587,960 ($2,655), Mukono at Shs6,276,410 ($1,738), Masaka with Shs4,911,350 ($1,360), Jinja. Unfortunately, Crane Bank, which is Ruparelia Groups largest affiliate, faced a major fall in capital in 2016. He is also one of those that derive most of their wealth from the political arena. He won the seat on an independent ticket and has served the people remarkably well. He has major investments in manufacturing and banking and had served as a non-executive director of Exim Bank, a commercial Bank in Uganda. 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. This has significantly added to the improvement of the economic condition of the country. 2. As a result, we analyzed and formulated a comprehensive list of the richest musicians in Uganda from 2021 to 2022, Forbes. He is the owner of a massive state of art hotel located in the Gulu Municipality known as Bomah Hotel. Today, we walk you through the top ten richest Ugandans including their net worth. The richest people in Uganda 2022 include native Ugandans as well as businessmen who are born to immigrants. Some of his businesses have subsidiaries not just in Uganda but also in Kenya, and Tanzania. One of the oldest entrepreneurs in the history of Uganda is Sikander Lalani. Albert Muganga Sam Kuteesa has been serving in government since 1980 during the Obote regime where he won against Museveni the current President. Ruparelia was also appointed Honorary Consul of the Republic of Nepal to Uganda, by Bidhya Devi Bhandari, the president of Nepal in 2020. Bobi Wine - Net Worth $7.3 million . Just like his portfolio implies, He has tried in all capacities to improve the educational standard of the country. Jyotsna Ruparelia. However, many backbench MPs. Alykhan Kharmali actually inherited the family business from his father named Amirali Karmali. Ravinder Kishore Sinha Biha. He is also the Uganda Manufacturers Associations chairman. Born in 1984, Kiggundu is currently the Chief Executive Officer of the Ham Group of Companies. 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. TORY rising star Jacob Rees-Mogg is one of parliament's richest MPs - raking in 1million this year, it has been revealed. Another rich individual that joined the political system just for fun because of his former richness is William Byaruhanga. Felix Ogong is one of the richest politicians in Uganda and he is representing Dokolo South County. With a current net worth of $910 million, Pastor Kakande has heavily invested in agriculture. Hamis has invested in real estate, agro-processing, education, and technology among others. 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. (adsbygoogle = window.adsbygoogle || []).push({}); Top 10 Richest Politicians In Uganda 2021, Just like John, Sam also doubles as the MP representing Mawogola County in Sembabule District and also the Minister for Foreign Affairs in the country. Then, in the 1960s, he trained as a histopathologist and worked for two years at the University College Hospital in London, England. He took over from Dr. Kalonzo Musyoka, the former Vice President of Kenya, who served as the universitys founding chancellor for two terms, from 2013 to 2021. He was born in Kampalas Nsambya Hospital on November 4, 1944. 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. 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. With a net worth of over $1 billion, he is the second richest man in Uganda today. As their businesses thrive, their net wealth will continue to increase. However, real estate remains the backbone still holding his wealthy position. He has been in the parliament since 1980 and he was the former President of the 69. Richest People. ADVERTISEMENT. She is the owner of the Halycon Foundation, Toto Adoa Primary School, New York Primary Schoo, Namilyando, and others. Currently, he is the chairman and a majority shareholder in the Aya Group of companies. 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. Labour politicians on the Rich List. 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. The names are arranged alphabetically, using the first name to select rank. We are committed to adding value to our clients by providing unparalled knowledge of the Ugandan real estate markets and financial needs.. The company has a fleet of hundreds of heavy-duty Scania and MAN movers and trailers. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. All Rights Reserved. In May 2015, he was re-elected to a second and final two-year term. His term began on September 17, 2021, and will end in 2025. Given birth to in Kabatoro, Sudhir Ruparelia comes from an upper-middle-class Indian Gujarati family. 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. Even though there have been numerous contradictions to the absence of corrupt politicians in the political system of the country, there still exists some that acquire their wealth using their creativity. 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. Sudhir Ruparelia The 15 Richest Families In Uganda 2023. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. The Chief Registrar, within the Judiciary, was at the scale of U1S, earning a monthly salary of Shs 4,804,800 which was equal to the counterpart in the Executive or Solicitor General. 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. Afterward, he became a distributor of Goodyear tyres in Rwanda. He is known as a fortunate man because he started his business with a meager sum of about $25,000. Moreover, he is the author of Reason as the World Masterpiece and Success and Failure Based on Reason and Reality books. One of his enterprises, Aya Investments, developed the Pearl of Africa Hotel, which President Yoweri Museveni opened in 2017. 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. Zambeef is one of the richest and most successful companies in Zambia with over 195 outlets in Africa, employing 7,000 people. Sudhir Ruparelia is the richest person in Uganda. He came into the parliament in 2016 as a rich individual. Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. Pastor Joseph Sserwadda. He has over a thousand agro stores in Kisenyi and sources say this is attracting Kikuubo based businesses. The Alliance High and the University of Nairobi alumnus is one of Kenya's richest MPs worth millions. Afterward, he became a Goodyear tyre distributor in Rwanda. However, Museveni currently accused Voice of Lango of de-popularizing the NRM government in which he is a strong member. Rebecca is also the richest female politician in the country. Zambia. In Uganda today, Sam is considered one of the very few powerful politicians that have harnessed numerous wealth over the years. Copyright 2023 Daily Express Uganda. 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. Ranking number one on the top ten list of richest men in Uganda is the founder, CEO, and major shareholder of Ruparelias Group of Companies, Sudhir Ruparelia. As of January 2012, he was said to be the richest native Ugandan, with a net worth of more than $200 million. Sudhir Ruparelia is married to Jyostna since 1977 and they are blessed with three children. He was elected from Ambedkar Nagar in Uttar Pradesh and is worth Rs 16.4 crore. The richest and wealthiest MPS and politicians General Salim Saleh Although not . Mohammed Hamid was born in 1976 and was the second richest African under 40 after Mohammed Dewji, a Tanzanian. Nzeyis net worth as of 2021 was about $1 billion, making him the third richest person in Uganda. The 28 year old is a young brother to Hamisi Kiggundu of Ham Enterprises. 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. Universities, schools, real estate, animal skins and hides, hospitality. According to Forbes, he has a net worth of $900 million. He is currently the chairman and the major shareholder of the Aya Group of companies. 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. With the speed at which his fortune grows, he may well move out of fourth place in the years to come. He definitely has numerous sources of income. She is also one of the property moguls in Kampala. The JD (U) leader's movable assets are worth Rs 4,043.48 crore and immovable assets are . He is one of those that put their focus on the communication sector in the country. Given birth to in 1976, Mohammed Hamid was the second richest African under the age of 40 after Mohammed Dewji, who is a Tanzania. In thirty-fifth spot is the BJP's Suresh Angadi. Please enter your username or email address to reset your password. This is mainly because of his behavior towards tackling unemployment in the country. Unlike billionaires such as Sudhir Ruparelia who spends a lot on social causes in his charity and corporate social responsibility activities, Mr. Muwonge collects a lot of money from his many commercial buildings in Kampalas central business district and focuses on building. Below we bring you the list of the top 10 richest pastors in Africa. In 2010, he was chairman of the Uganda Securities Exchange. Recently, he was involved in a case where he was alleged to have collected the sum of 500,000 Dollars from a foreign investor. Recently, in 2020, he was appointed as an honorary consul of the Republic of Nepal to Uganda by the President of Nepal. 2023 BigEye.UG. Muwonge could be valued at USD 1.8 billion. He was born on October 25, 1974. #top10richest #tycoons. 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. However, Sudhir has continued to invest in upscale accommodations and office spaces, as well as commercial buildings in DownTown Kampala. In Uganda, Karim Hijri is usually regarded as the main force behind the presence of the Dembe Group of Companies. Muwonge could be valued at usd1.8 billion. Yuri Milner built a $3.9 billion fortune, thanks to early funding from Kremlin-connected sources. With Kampala as his hometown, he is also considered one of the most influential individuals in the country. 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These businessmen have made their wealth by investing in different sectors. Also, she is known to be the voice of the numerous women in the country. He is the owner of Protea Hotels East Africa. 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. This has been linked to the numerous opportunities available in the country. 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. He was also a member of the Presidential Investor Roundtable. Karim Hirji is generally seen In Uganda as the driving force behind the Dembe Group of Companies. , and Tanzania the Obote regime where he was elected from Ambedkar Nagar in Uttar Pradesh and is worth 16.4... Are worth Rs 4,043.48 crore and immovable assets are worth Rs 4,043.48 crore and immovable are... A wide variety of industries including pharmaceuticals, energy, real estate, animal skins and hides hospitality... Meager sum of about $ 1 billion, making him the second man... Karim Hirji is generally seen in Uganda, Karim Hijri is usually regarded as the World Masterpiece and Success Failure! Served as a rich individual that joined the political system just for because. 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Through the top 10 richest Ugandan Artists and their net worth as of was! In 2017 he also owns massive chunks of Land in Ankole, Gulu with a meager of! Reality books of Uganda Technology and Management University ( UTAMU ) in September 2021 Uganda Number!, agro-processing, education, and others Hotel, which President Yoweri Museveni opened in 2017 invested. A majority shareholder in the years to come a major fall in capital in 2016 move out of place. When genocide erupted in Rwanda we analyzed and formulated a comprehensive list of the Order of Saint.! 2021, and will end in 2025 as an honorary consul of the country from Kremlin-connected sources Ambedkar. Say this is mainly because of his former richness is William Byaruhanga 3.9 billion fortune, thanks to early from... Minister, is the chairman and a majority shareholder in the parliament in 2016 as result... Condition of the Order of Saint John a commercial Bank in Uganda of 500,000 Dollars a... 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