We bring to you the richest man in Uganda.
Sudhir Ruparelia is the richest man in Uganda with net worth of $800 million. He is a former billionaire.
who are the richest people in Uganda? this article will delve more into the net worth, brief profiles and businesses of the wealthiest people in Uganda
As the economy of Uganda grow, so does the people who control the top businesses get wealthier.
The country has largely untapped reserves of both crude oil and natural gas. Its has also been sadly reported that more than half the population of live below $1 a day.
Here is the list of the top 10 richest people in Uganda
- John Bosco Muwonge
- Drake Lubega
- Sudhir Ruparelia
- Karim Hirji
- Kitandwe Tom
- Hamis Kiggundu
- Christine Nabukeera
- John Sebalamu
- Haruna Sentongo
Richest man in Uganda
Read the full list of the 10 wealthiest people in Uganda.
Sudhir Ruparelia -$800 million
Sudhir Ruparelia is the chairman and majority shareholder in the companies of the Ruparelia Group. He is the richest man in Uganda
His investments are mainly in the areas of banking, insurance, education, broadcasting, real estate, floriculture, hotels, and resorts.
He fled to the United Kingdom with his parents in 1972 at the age of 16, when the dictator Idi Amin expelled all Asians from Uganda.
He returned to Uganda in 1985, with US$25,000 earned from several casual jobs including working in supermarkets, factories, and butcheries. Ruparelia started selling beer and spirits imported from Kenya.
Karim Hirji -$800 Million
He is a businessman, hotel owner, and entrepreneur in Uganda.
During the 1960s and 1970s, Hirji was a champion automobile race driver.
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During the late 1980s and early 1990s, he began trading in textiles and alcoholic beverages from a shop on Luwum Street in central Kampala.
His first company, Dembe Enterprises, has since expanded into the Dembe Group of Companies, a conglomerate that includes a radio station (Dembe FM), an automobile dealership, a finance and insurance business, an amusement park, and a chain of hotels under the Imperial Hotels Group.
He also owns the former Uganda Commercial Bank Towers, which he renamed Cham Towers
Alykhan Karmali -$750 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.
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.
Mohammed Hamid – $ 450 million
Mohammed Hamid is a Ugandan business magnate and investor. He is the chairman and majority shareholder in the companies of the Aya Group. He is the richest man in Uganda
Hamid was born in the Sudan circa 1976. In 1987, he traveled to Uganda for the first time to visit his elder brother, Mohammed El Hamid, who operated a commodity trading business called Pan Afric Impex. He fell in love with the country and stayed.
The younger Mohammed worked with his elder brother until the early 1990s when he started his first company Pan Afric Commodities, also a commodities trading business.
Later, he bought a milling machine from Premiere Mills, one of the companies owned by businessman Sudhir Ruparelia.
In 1997, he bought a 15 acres (6.1 ha) piece of land in Kawempe, a suburb of Kampala where he relocated the machinery and started milling wheat.
Later he bought more mills and started baking bread and confectioneries.
Later, he started a trucking business, FIFI Transport Uganda Limited, later renamed Panafric Transport, which is a leading hauler in the East and Central African region”, with a current fleet of hundreds of heavy duty Scania and MAN prime movers and semi trailers
Charles Mbire -$400 million
Charles Magezi Mbire is a businessman, entrepreneur, and industrialist in Uganda. He is known to many as the richest man in Uganda
Mbire is part owner and member of the board of directors of the following Ugandan businesses; Afro Alpine Pharma Limited, Eskom Uganda Limited
East Africa Fish Farming Limited, Invesco (Uganda) Limited, MTN Communications Uganda Limited, Polino Holdings Limited, Sunco Investments Limited, Bomi Holdings Limited, Rift Valley Railways
John Bosco Muwonge
John Bosco is the richest man in Uganda at the moment. He has multiplied his stake in Kampala’s 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. Muwonge could be valued at usd1.8 billion.
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Another one of the richest man in Uganda is Hamis Kiggundu. commonly known as Ham, is a Ugandan businessman, investor, real estate and property developer, philanthropist, author and lawyer. Kiggundu is the CEO of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece
Kiggundu was born in 1984 in the Kalungu Masaka District in the Central Region of Uganda. Kiggundu is the son of Mr. Haruna Segawa and Mrs. Nakayiza Jalia, who is part of a family with extensive property investments in Kampala.
Kiggundu was born and raised in a Muslim family. He talks about Islam as “the highest achievement of a lifetime” and that he would not choose another religion
Sebalamu, with his brother John Bosco Muwonge, is one of Uganda’s most prominent city tycoons owning many of the structures in downtown Kampala, where they are amoung the richest individuals in the country, only matched by the likes of Sudhir Ruperelia.
Sebalamu is the richest man in Uganda
Christine Nabukeera is known among the rich circles as Senga Nabukeera. She is also one of the property moguls in Kampala. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others.