He is an entrepreneur, businessman, and author. (Bloomberg) -- Billionaire investor Marc Lasry has reached a deal to sell his stake in the Milwaukee Bucks to Jimmy and Dee Haslam, owners of the National Football League's Cleveland Browns, according to a person familiar with the matter.Most Read from BloombergElon Musk Regains His Spot as the World's Richest PersonNigeria Latest: Tinubu Wins in Six States; Obi Takes ThreeTD Bank to Pay . Coffee, tea, fish, and cotton are among its top exports. His elder . 2 billion. Thomas Tayeebwa owns numerous companies including SMS Empire Limited, Gateway Associates Limited, Wandaz Products Limited, Cholmart Investments, and a host of others. As a philanthropist, he has donated numerous materials to different associations and organizations in the country. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. Apart from being a businessman, he is also known for making huge investments in sectors like real estate, broadcasting, education, insurance, banking, and others. Ravinder Kishore Sinha Biha. Pastor Joseph has an estimated Net Worth of around 840 Million. He definitely has numerous sources of income. [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. Subscribe to our newsletter and never miss our latest news, podcasts etc.. Our site is an advertising supported site. Additionally, he owns a ground-handling service known as Enhas at Ugandas Entebbe Airport. The company is now a leading transporter in East and Central Africa. Charles Mbire is the wealthiest native of Uganda as many of the richest men in Uganda of the foreign descents. This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. 1. Alykhan Karmali is among the richest people in Uganda born to immigrants. 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. *********. Just like many other entrepreneurs in the country. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. Alykhan Karmali is among the richest people in Uganda born to immigrants. The musician turned politician is arguably one of the richest musicians in Uganda. He has been in the parliament since 1980 and he was the former President of the 69th Session of the United Nations General Assembly. He is the chairman and principal stakeholder of the Ruparelia Group's firms. He was born on October 25, 1974. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. With the rate at which his wealth is growing, he may exit the fourth position in the years to come. 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. TDP's Galla registered a win over Modugula Venugopala Reddy of the YSRCP in Andhra Pradesh's Guntur by a thin margin of 4,205 votes. He controls the Western Transportation system with him a Director at Getway Buses which is the biggest transportation in the Entire Western Uganda in Kigezi from Kampala. He was also accused in 2011 for receiving bribes as kickbacks from an Irish Oil firm known as Tullow Oil. 1. His philanthropic lifestyle has been evident in the country, as he has donated numerous materials to various clubs and organizations in the country. This has been linked to the numerous opportunities available in the country. Also Read:10 Most Influential Africans Making Incredible Impact In Africa And Beyond. He was a previous member of the Uganda Development Banks board of directors. Some of his businesses have subsidiaries not just in Uganda but also in Kenya, and Tanzania. For 20 years now, since its inception, Sikander has established the steel-manufacturing group of companies in Nigeria which comprises three distinct factories. Zambeef is one of the richest and most successful companies in Zambia with over 195 outlets in Africa, employing 7,000 people. Abdu Katuntu who represents Bugweri County is one of the oldest and rich opposition MP in Uganda. 1. Sikander happens to be one of the oldest Ugandan entrepreneurs. He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. Alykhan Kharmi is considered a notable individual in Uganda under the aegis of the Mukwano Family. Al-Amoudi earned his net worth through his construction, real estate, oil refineries and other businesses. Just like Yeri, she has made massive investments in the educational sector. However, not all of them receive numerous attendants since some are small in size. Nakul Nath According to the Association for Democratic Reforms (ADR), Congress' Nakul Nath, who contested his maiden election this year, is the richest MP with declared assets of over Rs 660 crore. ", https://en.wikipedia.org/w/index.php?title=List_of_Ugandans_by_net_worth&oldid=1142374835, Good African Coffee, Rwenzori Coffee, investments. Although he is no longer in service of the government, he is very wealthy. Thats all about the richest men in Uganda. MP and senior opposition leader Ken Lukyamuzi once told Aljazeera that they earn 15 million shillings as basic salary, which is about $6,100 every month. Among the richest MPs in India, Ravindra Kishore Sinha, popularly known as RK Sinha was born on 22 September 1951 in Buxar, Bihar in India. 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. The Alliance High and the University of Nairobi alumnus is one of Kenya's richest MPs worth millions. Alykhan Kharmaji is another prominent industrialist who founded the Mukwano Group of Companies. On top of that Sudhir has not stopped his support for charitable works and other social causes. Nzeyis net worth as of 2021 was about $1 billion, making him the third richest person in Uganda. In fact, he is one of the major investors in education most especially in the Seeta High Schools. 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. 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. Deox is also one of the youngest billionaires in Uganda, he is the founder of a very powerful and efficient full-service law firm known as Tibeingana and Company Advocates which handles legal work for giant companies, he is an advocate of the high court of Uganda and all courts of judicature in Uganda, he is also the owner of Rivonia Hotel located in Mbuya, in Kampala, his hotel has 16 suites and a luxurious health club, he is also a real estate dealer. Here is the list of top 10 Richest Men in Ghana. In thirty-sixth spot is the BSP's Rakesh Pandey. As an MP and chancellor, Mr Sunak's government salary is 151,649. Additionally, the number of rich individuals in the country has increased over the past years. At just 37, Hamis Kiggundu is one of East Africas most revered young entrepreneurs and real estate moguls. Mohammed, the younger, worked with his elder brother until the early 1990s when he founded Pan Afric Commodities, a commodities trading firm. The Pyramids Casino and Kampala Casino are two of his business ventures. Muwonge could be valued at USD 1.8 billion. However, Museveni currently accused Voice of Lango of de-popularizing the NRM government in which he is a strong member. Being an Uganda businessman, entrepreneur, industrialist, and histopathologist in Uganda, Sikander was given birth to on the 4th of October, 1944 in Nsambya Hospital, Uganda. (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? Simeon Nyachae is a famous businessman and politician who has accumulated a good amount of wealth during his days in government. Banyankole. Stanley Githunguri made the list of wealthiest people in kenya. Some of his hit jams are Kiwani, Wendi, Aida, Mr Money, Tuliyambala Engule, Ogenda, and Akalimu. Andrew Ojok Oulanyah is a Ugandan politician . The tenth person in this list of the top ten richest men in Ghana is Nana Akufo-Addo. The 2022 wealthy list released by top analysts favours those who invested in technology, real estate, health, food, logistics etc. Also Read:Top 10 Richest People in Africa. He occupied the seat after defeating President Yoweri Museveni in the parliamentary election. Mohammed Al Amoudi's net worth is roughly $12.6 Billion dollars. The second richest person in Uganda, Karim is an entrepreneur that has been known for solving issues in Uganda, thereby generating money for himself. 1. In 2013 he was made a Knight of the Order of St. John. 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. However, real estate remains the backbone still holding his wealthy position. All Rights Reserved. He also owns a couple of expensive cars including a hummer and Mercedes Benzes. Top 7 Richest politicians and MPs in Uganda. "All Government remunerations should be . Hon. 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. 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. 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. This has significantly added to the improvement of the economic condition of the country. Being the Minister for Relief, Disaster Preparedness, and Refugees, Hillary Onek is the seventh richest politician in Uganda. This is because of the numerous opportunities provided by the country to both private and public organizations. Being the brain behind the establishment of Roofing Groups, Sikander occupies the sixth position with a net worth of $300 Million. Richest Women in Uganda. 2023 BigEye.UG. Under his tenure, the Mukwano Group Initiative maintains 36.5 percent shareholding. Under the leadership President Yoweri Museveni, these people have amassed large . 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. 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. Tory MPs net worth ranked: Sajid Javid, the health minister, is the eight richest cabinet member (Image . [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. Please enter your username or email address to reset your password. 10 Top Richest Tycoons In Uganda - Number one will Shock You! He was also a member of the Presidential Investor Roundtable. In 2018, Carl Irwin retired from the company aged 52. He is building warehouses for agro produce sales and rents them out. Given birth on the 11th of November, 1950, Karim Hijri was a champion automobile race drive during the 1960s and 1970s. Net Worth 2022 - $700,000. Latest list of the top 5 richest Pastors in Uganda 2022. Top 10 Richest Politicians In Uganda 1. RK is married to Shrimati Rita Kishore Sinha, with two children. He is also a philanthropist, real estate developer, lawyer, and author. With the speed at which his fortune grows, he may well move out of fourth place in the years to come. Known as a renowned and fortunate tycoon, Sudhir Ruparelia occupies the first position in the list of richest men in Uganda. He also owns massive chunks of Land in Ankole, Gulu with a House and Kampala. Jyotsna Ruparelia. Karim Hirji is a Ugandan entrepreneur, hotel owner, and businessman. 3 August 2017, 9:10 am. 1. Simba telcom also owns Kampala Pretoria hotel. List of wealthiest men in Uganda. Additionally, he is the brain behind the development of one of the famous companies in Uganda known as the Mukwano Group of Companies. According to Forbes, he has a net worth of $900 million. Ronald Mayinja. 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. In 1987, he flew to Uganda for the first time to see his older brother, Mohammed El Hamid, who ran Pan Afric Impex, a commodity trading company. 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. Records show, Haruna Enterprises has an annual turnover of USD 4 Million and employs not less than 600 people. 2. Today, he is able to maintain such a position by centering most of his investments in other sectors like banking and manufacturing. Born in Uganda in 1965, he is the youngest of three children in the family. 10/10. Manu Chandaria graduated from Jamnagar University in India and then went on to study engineering at the University of Oklahoma. Being an entrepreneur and an investor, Charles was born in the year 1959 in Mparo, Rukiga District. Being the MP representing Bumunanika County in Luweero District and the State Minister for Higher Education, John is a well-recognized politician in Uganda. The book has also been voted as the best book of the year in the area of Business Motivation. He won the seat on an independent ticket and has served the people remarkably well. Mbire then moved on to Leicester University in the United Kingdom where he earned a Master of Business Administration degree. Helen Adoa is one of the most recognized and famous politicians in Uganda. Mugisha is a young billionaire owning a public relations company known asTerp Consult which has got several lucrative contracts from the government, the major one being the US$1 million Gifted By Nature CNNmarketing campaign. Other posts he has once served include as a Minister of Energy and Mineral, Minister of Agriculture, Animal Industry and Fisheries, etc. One of the oldest entrepreneurs in the history of Uganda is Sikander Lalani. Later on, Lalani relocated to Uganda due to Tanzanias burdensome bureaucracy. These businessmen have made their wealth by investing in different sectors. Sikander is not only an industrialist, but he is also a pathologist who started as a dealer in a retail electronics store that specialized in the purchase and sales of Philips Brand IN Kigali. In 2010, he was chairman of the Uganda Securities Exchange. Uganda bordered by countries like Rwanda, South Sudan, the Democratic Republic of Congo, Tanzania, is a country known for its consistent economic growth. 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. . With a net worth of over $1 billion, he is the second richest man in Uganda today. Jyotsna Ruparelia continues to maintain her wealthy status as Uganda's richest woman. In addition to being a politician, he has also acquired numerous amount of wealth from being a lawyer and numerous other political positions. The JD (U) leader's movable assets are worth Rs 4,043.48 crore and immovable assets are . Boris Johnson, Prime Minister: 157,372. However, despite being a rich and developing country, Uganda also houses numerous millionaires and billionaires. The per capita income in Uganda in 1999 was approximately US$650 annually. Mr. Mbire has made his wealth by investing in diverse sectors. The company is usually regarded as Ugandas biggest seller of MTN airtime. But before entering politics, he was a partner at two highly-profitable hedge funds and is now thought to be one of the richest. In addition to being an active businessman and entrepreneur, he is also a philanthropist and this has been supported by the enormous amount of money and properties he has donated in such course. Charles Magezi Mbire is an entrepreneur, businessman, and industrialist. Top 10 Richest Men In Uganda 1. He has built a steel-manufacturing conglomerate in Uganda which consists of three separate factories that have been organized into the Roofings Group. In addition, he is considered as a major investor with his investments running across sectors like the media and banking sectors. Muwonge makes all the money and takes it all. He is currently the chairman and the major shareholder of the Aya Group of companies. When genocide erupted in Rwanda in 1994, he fled to Tanzania. The company has a fleet of hundreds of heavy-duty Scania and MAN movers and trailers. This article, therefore, presents to you the top ten richest Ugandans including their net worth. Born in 1984, Kiggundu is currently the Chief Executive Officer of the Ham Group of Companies. In fact, almost all posh hotels in Eastern Uganda belong to her. As of January 2012, he was said to be the richest native Ugandan, with a net worth of more than $200 million. Hamis Kiggundu, who is known by many as Ham, is a Ugandan business magnate with investments in different sectors. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. Additionally, he also has two primary sections under the Seeta Junior School and a Kindergarten wing with two other branches. In Uganda, Karim Hijri is usually regarded as the main force behind the presence of the Dembe Group of Companies. Uganda is an East African country with a thriving economy. Obviously, Ugandas richest people make a significant contribution to the growth of the countrys economy. All Rights Reserved. 1. Today, we walk you through the top ten richest Ugandans including their net worth. Being a businessman, entrepreneur, and industrialist, Alykhan Kharmi served as a non-executive director of Exim Bank which is a commercial bank in Uganda. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. Geoffrey Lutaaya. Your email address will not be published. A fast-growing economic situation in the country has contributed to the many investments carried by Ugandans, thereby growing the economy very fast. He is the founder and chairman of the Aya Groups executive board of directors. pjimage (1) Attribution 3.0 Unported (CC BY 3.0) license from UK Parliament. Moreover, he is the author of Reason as the World Masterpiece and Success and Failure Based on Reason and Reality books. 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. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. Dr. Sudhir Ruparelia. Session of the United Nations General Assembly. Hamis has invested in real estate, agro-processing, education, and technology among others. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. Besides, it is worth noting that other business tycoons and entrepreneurs are also working tirelessly to take their businesses to greater heights and make more wealth. Born in 1976, Hamid is one of the youngest richest people in Uganda. Afterward, he became a Goodyear tyre distributor in Rwanda. Karmali also sat on the board of directors of Exim Bank (Uganda), a commercial bank in which Karmalis Mukwano Group owns a 36.5 percent stake. As their businesses thrive, their net wealth will continue to increase. In 2013, he was appointed Knight of the Order of Saint John. According to Forbes, he has a net worth of $900 million. He occupied the seat after defeating President Yoweri Museveni in the parliamentary election. Alph Lukau - $1 Billion. He was born in Kampalas Nsambya Hospital on November 4, 1944. Also, agriculture has been known as a major contributor to the growth of the economy. 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. Contacts of Mps in the 11th by Daily Express A Subsidiary of Daily Express Media Ltd. 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Recently, he was involved in a case where he was alleged to have collected the sum of 500,000 Dollars from a foreign investor. Patrick Bitature is the seventh richest man in Uganda. The business magnate hails from the Kabarole region. Recently, he was involved in a case where he was alleged to have collected the sum of 500,000 Dollars from a foreign investor. Bobi Wine is the richest musician in Uganda today. Ruparelia was also appointed Honorary Consul of the Republic of Nepal to Uganda, by Bidhya Devi Bhandari, the president of Nepal in 2020. 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. Additionally, the hotel is a three-star hotel. We resent fake stories in all our published stories, and are driven by our tagline of being Accurate, Fast & Reliable. 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. Pastor Gary Skinner's wealth is estimated at Sh.800 Million which earns him a spot among the richest pastors in Uganda. Alykhan is known as a reputable and diligent businessman in Uganda. 10. 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. His investments are mainly in the areas of education, broadcasting,banking, insurance, real estate, floriculture, hotels, and resorts. He also owns a logistics firm, an import products firm, and the Ugandan Europcar franchise. He is the leader of the Entire wealth operation in Uganda and leader and managing director of all industrial Parks in Uganda. Haruna Enteprises has won numerous Kampala Capital City Authority awards for supporting the citys activities. Sudhir Ruparelia is the richest person in Uganda. [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. One of the oldest entrepreneurs in the history of Uganda is Sikander Lalani. The project, costing millions of dollars, is funded by Kiggundus company. 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. He currently manages Simba Group of Companies that dabbles in telecoms, energy production, mining, media, real estate, travel, and leisure. 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