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Alykhan Karmali Net Worth

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Alykhan Karmali Net Worth

Alykhan Karmali net worth is $ 700 million.

Alykhan Karmali is a businessman, entrepreneur, industrialist, and philanthropist in Uganda. He is the managing director of Mukwano Industries Uganda Limited, a member company of the Mukwano Group.

Read Top Richest People in Uganda

He also served as a non-executive director of Exim Bank (Uganda), a commercial bank in which the Mukwano Group maintains 36.5 percent shareholding.

Alykhan Karmali Biography

Ali Mohamed Karmali, Alykhan’s paternal grandfather, was an entrepreneur of Indian descent who migrated to Uganda circa 1904. He worked as a shop assistant in Jinja before shifting to Mbarara in Uganda’s Western Region. Later, he settled in Bukandula in present-day Gomba District in the Buganda Region of Uganda, where “in partnership with other Asian families, he did a roaring trade in cotton and coffee”.

He had so many friends that he was locally nicknamed “Mukwano gwa Bangi” (Friend of Many). The family shortened it to “Mukwano” and named the family business after him. Amirali Karmali, Alikhan’s father died on 10 July 2019 at Kololo, an upscale neighborhood in Kampala. He was buried in a cemetery in the same neighborhood, on Saturday 13 July 2019.

Read Richest Man in Zambia

 In 1995, Amirali handed over the family business to his son, Alykhan

Alykhan Karmali Net Worth

Alykhan Karmali net worth is $700 million. he is one of the wealthiest people in Uganda and Africa

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