At just 37, Hamis Kiggundu is one of East Africas most revered young entrepreneurs and real estate moguls. Records show, Haruna Enterprises has an annual turnover of USD 4 Million and employs not less than 600 people. *********. Yuri Milner built a $3.9 billion fortune, thanks to early funding from Kremlin-connected sources. 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 occupied the seat after defeating President Yoweri Museveni in the parliamentary election. Uganda is an East African country with a thriving economy. Contacts of Mps in the 11th by Daily Express More to that, he is regarded as an investor with his investments in sectors such as the media and banking sectors. Bob Kabonero is a Ugandan businessman and entrepreneur. 8. He is currently the chairman and the major shareholder of the Aya Group of companies. MP) representing Kyaddondo East Constituency in Wakiso district of Uganda. Kimani is worth an estimated Kshs 500 million. Furthermore, Bobi Wine has maintained the first position in the list of Forbes richest musician in Uganda from 2018 to 2022. His investments have run across numerous industries including Pharmaceutical, telecommunication, real estate, energy, agribusiness, and finance. Alykhan Karmali is among the richest people in Uganda born to immigrants. Boris Johnson, Prime Minister: 157,372. Being the brain behind the establishment of Roofing Groups, Sikander occupies the sixth position with a net worth of $300 Million. 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. Given birth on the 11. of November, 1950, Karim Hijri was a champion automobile race drive during the 1960s and 1970s. 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. Your email address will not be published. In May 2015, he was re-elected to a second and final two-year term. During his tenure as the non-executive director of Exim Bank, Alykhan has helped the company to maintain an impressive 36.5% share gilding. These include pharmaceuticals, finance, telecommunications, agribusiness, real estate, and energy. Dr Sudhir has business interests in several sectors of the Ugandan economy such as insurance, broadcasting, real estate, education, floriculture, banking, hotels, and resorts. He successfully sought a $1 million loan from the World Bank with the help of the Rwanda Development Bank. The list is not exhaustive, and net worth values are hard to determine.[3]. Being a well-trained lawyer and businessman, Thomas was a business partner to Caesar Augustine Mulenga, who is also a business tycoon and the founder of the Mulenga Development Kingdom. 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. The controversial preacher is said to be the richest pastor in Africa with an . In addition, he is considered as a major investor with his investments running across sectors like the media and banking sectors. Who is the richest musician in Uganda today? In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. Lalani is the chairman and CEO of Roofings Group, which is Ugandas largest maker of construction steel materials. Patrick Bitature is the seventh richest man in Uganda. Sikander Lalani. He definitely has numerous sources of income. Mohamed Ali Hon. Adam Becket. He is also a philanthropist, real estate developer, lawyer, and author. He was also accused in 2011 for receiving bribes as kickbacks from an Irish Oil firm known as Tullow Oil. 3. Richest Politicians. The hotel is the biggest hotel in the whole Northern part of Uganda. 1. 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. The per capita income in Uganda in 1999 was approximately US$650 annually. Just like his portfolio implies, He has tried in all capacities to improve the educational standard of the country. 2. Being a businessman, entrepreneur, and industrialist, Alykhan Kharmi served as a non-executive director of Exim Bank which is a commercial bank in Uganda. 10. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. 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. Hamis has invested in real estate, agro-processing, education, and technology among others. 3 August 2017, 9:10 am. Forth on our top richest companies in Uganda is an old but gold company. Uganda Breweries Ltd. In fact, he is one of the major investors in education most especially in the Seeta High Schools. Karim Hirji - Net Worth: $800 Million Karim Hirji is a businessman, hotel owner, and entrepreneur in Uganda. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. 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. Even though most of her investments are hidden, she is known for having numerous investments in hotels. With a swooping revenue of 44.9 million USD as of 2016. He is one of Ugandas richest businessmen. However, Museveni currently accused Voice of Lango of de-popularizing the NRM government in which he is a strong member. 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. Rebecca is also the richest female politician in the country. He is the owner of Feliestar Buses and numerous other radio stations including Voice of Lango. He is in top 10 richest people in Uganda. Uganda Breweries Ltd came into existence shortly after World War II in 1946. Alykhan Kharmaji is another prominent industrialist who founded the Mukwano Group of Companies. Thats all about the richest men in Uganda. Mwesigwa also alleges that the opposition party owns a series of drones which they Several NUP supporters have been arrested on various allegations, and some are still in Monitor in a story published last week alleged that Mpuuga had held high-level behind Bobi however dismissed reports of negotiations between the NRM Gov't and the Opposition, and in his letter to the Minister of Justice, Bank of Uganda and the Attorney Daily Express is Uganda's number one source for breaking news, National news, policy analytical stories, e-buzz, sports, and general news. Muwonge is an allusive billionaire who is rarely seen in public. The business magnate hails from the Kabarole region. Charles Mbire is the wealthiest native of Uganda as many of the richest men in Uganda of the foreign descents. Later, he founded FIFI Transport Uganda Limited, which later became Panafric Transport. 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. 10/10. Felix Ogong is one of the richest politicians in Uganda and he is representing Dokolo South County. Mohammed Al Amoudi's net worth is roughly $12.6 Billion dollars. In Uganda today, Sam is considered one of the very few powerful politicians that have harnessed numerous wealth over the years. Hotels, real estate, construction equipment, Entertainment, broadcasting, nightclubs, mineral water, Real estate, hotels, schools, transportation, international trade, security guards. The company is now a leading transporter in East and Central Africa. Hon. He was elected from Belgaum in Karnataka and is worth Rs 16.4 crore. 10. 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. Muwonge makes all the money and takes it all. He is one of the youngest billionaires in Uganda holding a Bachelors degree in sociology from Makerere University, he is one of the Co- founders ofPepper Publications ( Red Pepper, Entasi, Kamunye ) aswell as Juice FM, besides, Arinaitwe is also one of the directors of a finance institution called Synod Investments. 15. He is the owner of Protea Hotels East Africa. It is a common belief in Uganda that his company is the source of his wealth. Moreover, he is the author of Reason as the World Masterpiece and Success and Failure Based on Reason and Reality books. He has built a steel-manufacturing conglomerate in Uganda which consists of three separate factories that have been organized into the Roofings Group. The book has also been voted as the best book of the year in the area of Business Motivation. [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. 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. Copyright 2023 Daily Express Uganda. 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. Although he is no longer in service of the government, he is very wealthy. 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. 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. Top 10 Richest People in Uganda (2022) and Their Net Worth, 10 Successful African Entrepreneurs With Amazing Beginnings, Success and Failure Based on Reason and Reality, 10 Most Influential Africans Making Incredible Impact In Africa And Beyond, 20 Richest Presidents in Africa 2022 with Their Net Worth, Top 10 African Restaurants in Houston You Need To Try, Top 10 African Restaurants in New York with Best African Food, Top 10 African Restaurants in Atlanta You Should Try. Alph Lukau - $1 Billion. In 2018, Carl Irwin retired from the company aged 52. The company is usually regarded as Ugandas biggest seller of MTN airtime. Labour politicians on the Rich List. 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. 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. 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. But before entering politics, he was a partner at two highly-profitable hedge funds and is now thought to be one of the richest. With a net worth of about $670 million as of 2021, he is one of Ugandas richest natives. 10. 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. Also, agriculture has been known as a major contributor to the growth of the economy. Haruna and his brother Hamis are young businessmen who have used their family business experience to invest wisely and grow their wealth. Another old and wealthy politician in the political system of Uganda is Rebecca Kadaga. Kitandwe Tom is one of the businessmen who grew their empires from Kikuubo as a wheat agent. All Rights Reserved. In fact, almost all posh hotels in Eastern Uganda belong to her. Ruparelia was also appointed Honorary Consul of the Republic of Nepal to Uganda, by Bidhya Devi Bhandari, the president of Nepal in 2020. Mbire then moved on to Leicester University in the United Kingdom where he earned a Master of Business Administration degree. Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. He also owns a logistics firm, an import products firm, and the Ugandan Europcar franchise. It is a major belief in Uganda that he harnessed many of his profits from investments and the ability to use his creative mind. Under the aegis of Mukwano Family, Alykhan Kharmali has claimed a notable position amidst the richest Ugandans, especially as he remains the main force behind one of Uganda's famous companies. Additionally, the number of rich individuals in the country has increased over the past years. He has also raised buildings at Arua park, Parkyard, and behind Gazaland. 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 is because of the numerous opportunities provided by the country to both private and public organizations. He also owns massive chunks of Land in Ankole, Gulu with a House and Kampala. Sam Kuteesa has been serving in government since 1980 during the Obote regime where he won against Museveni the current President. Jayadev Galla is the fifth richest MP in the 17th Lok Sabha with a declared asset of over Rs 305 crores. 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. Manu Chandaria graduated from Jamnagar University in India and then went on to study engineering at the University of Oklahoma. And finally on the list, Haruna Mubiru. Under his tenure, the Mukwano Group Initiative maintains 36.5 percent shareholding. Read also. Sudhir Ruparelia is currently the richest man in Uganda, with a net worth of $1.2 billion. Nadine Dorries, Culture Secretary: 157,000. Then, MTN Uganda, which had just debuted in the nation, became a franchisee of the firm. 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. Net Worth 2022 - $700,000. Simba telcom also owns Kampala Pretoria hotel. Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. Occupying the ninth position on the list of richest men in Uganda is Mukesh Shukla. Muwonge could be valued at USD 1.8 billion. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. She is the second rich female politician in the country after Rebecca. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. Many people believed that it was his legal brilliance that earned him the portfolio, and not because of the richness attached to it. The outspoken young tycoon is said to be collecting not less than USD1 million a month. 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 . Ragga Dee He is one of the Veteran musicians in Uganda. Subscribe to our newsletter and never miss our latest news, podcasts etc.. Our site is an advertising supported site. Today, we walk you through the top ten richest Ugandans including their net worth. 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. Sudhir Ruparelia - Net Worth: $1.2 Billion Known as a renowned and fortunate tycoon, Sudhir Ruparelia occupies the first position in the list of richest men in Uganda. In 2013 he was made a Knight of the Order of St. John. Being the brain behind the establishment of Roofing Groups, Sikander occupies the sixth position with a net worth of $300 Million. As a result, we analyzed and formulated a comprehensive list of the richest musicians in Uganda from 2021 to 2022, Forbes. However, the contributing factor is not only the fund generation by the Government. Analysts say Haruna strategy has been to turn Mengo Kisenyi into a premier business center. He was born on October 25, 1974. Hamis Kiggundu, who is known by many as Ham, is a Ugandan business magnate with investments in different sectors. Richard Kabonero, Ugandas ambassador to Tanzania, is his older brother. The unlikely social media star owns a 15 per cent stake in a capital . Alykhan Karmali is among the richest people in Uganda born to immigrants. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. Sudhir Ruparelia -$800 million Richest Man in Uganda As their businesses thrive, their net wealth will continue to increase. According to Forbes, he has a net worth of $700 million. Thomas Tayebwa is one of the Richest but Unknown politicians in Uganda. This is a private university in Kampala, Ugandas capital city. He opened a plant in Kigali in 1978 to produce roofing materials. 11.Sembule Family- They own Sembule Steel Rolling . Besides the Millions he receives monthly as a Member of Parliament for Kyadondo East, Bobi Wine has a chain of investments, for example, One Love Beach . Jyotsna Ruparelia is the wife of the wealthy Sudhir Ruparelia - a leading business tycoon in Uganda. 8.Sikander Lalani - $300 Million Sikander happens to be one of the oldest Ugandan entrepreneurs. He was also awarded an honorary doctorate from Makerere University. 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. 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. 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. The tenth person in this list of the top ten richest men in Ghana is Nana Akufo-Addo. We are committed to adding value to our clients by providing unparalled knowledge of the Ugandan real estate markets and financial needs.. 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. He is the founder and chairman of the Aya Groups executive board of directors. From the time his company was registered, in 17 June 2011, Ssentongo Haruna has guarded its ownership at 99% and another 1% owned by Laura Nalukwago. Jyotsna Ruparelia. It is said Lubega builds or buys a new building of not less than USD7 million, every 6 months with money he collects from rent. 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. 2 billion. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. 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. According to Forbes, he has a net worth of $900 million. Pastor Joseph Sserwadda is currently the 2nd wealthiest Pastor in UG. In this new Ugandas new list of the wealthiest, a lot has changed tremendously with big names such as Patrick Bitature, and Charles Mbire, among others, dropping off the top 10 as previously reported. 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