His term began on September 17, 2021, and will end in 2025. Additionally, he is the brain behind the development of one of the famous companies in Uganda known as the Mukwano Group of Companies. This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. 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. Also Read:10 Successful African Entrepreneurs With Amazing Beginnings. Besides, Hirji was a renowned car racing driver in the 1970s. As their businesses thrive, their net wealth will continue to increase. Muwonge makes all the money and takes it all. She is also a major player in the investment circle before joining politics. 1. At just 37, Hamis Kiggundu is one of East Africas most revered young entrepreneurs and real estate moguls. 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. In addition to being a politician, he has also acquired numerous amount of wealth from being a lawyer and numerous other political positions. That Abavator was going to end up earning an excess of Shs900m over and above the worth of the services they had actually rendered in that particular month. He is the owner of Feliestar Buses and numerous other radio stations including Voice of Lango. The entrepreneur studied business and economics at Essex University in England, where he received an honors Bachelor of Science degree. Alph Lukau - $1 Billion. In thirty-seventh spot is the BJD's Baijayant Panda. 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. He was also accused in 2011 for receiving bribes as kickbacks from an Irish Oil firm known as Tullow Oil. Alykhan is also one of the major investors in the banking and manufacturing sectors. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. As a philanthropist, he has donated numerous materials to different associations and organizations in the country. Pastor Joseph has an estimated Net Worth of around 840 Million. Ruparelia was also appointed Honorary Consul of the Republic of Nepal to Uganda, by Bidhya Devi Bhandari, the president of Nepal in 2020. 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. He is the leader in Private High school education in the entire country with a chain of schools. He has major investments in manufacturing and banking and had served as a non-executive director of Exim Bank, a commercial Bank in Uganda. 2 Dec . Sudhir has maintained his Forbes net worth of USD 1.2 billion. List of wealthiest men in Uganda. Given birth to in Kabatoro, Sudhir Ruparelia comes from an upper-middle-class Indian Gujarati family. Some of the companies include a milk processing plant, a money-lending business, a foreign exchange bureau, and a host of others. The second richest person in Uganda, Karim is an entrepreneur that has been known for solving issues in Uganda, thereby generating money for himself. Tags. His Japanese acquaintances, who used to supply him with electronics, suggested the idea of making metallic roofing materials. She commissioned the Century Hotel valued at Shs3bn in Kamuli District in 2014. 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 . Bob Kabonero graduated from Oxford Brookes University in Oxford, England, with a bachelors degree in business administration and retail management. In addition, he is considered as a major investor with his investments running across sectors like the media and banking sectors. Amos Nzeyi is a well-known Ugandan entrepreneur, businessman, and manufacturer. The news has raised hopes that the outbreak, which has infected 142 people and killed 56, could end soon. 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. Age: 40 years (as of 2022) Sources of wealth: Music, acting, businesses, and political career. In fact, in 2015, these commodities boosted the economy of the country massively. 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. Bharti Airtel Limited, an Indian company, is the parent company of Airtel Uganda Limited. Bobi Wine is the richest Ugandan musician in 2022, with an estimated net worth of $12 million. The business magnate hails from the Kabarole region. Mohammed, the younger, worked with his elder brother until the early 1990s when he founded Pan Afric Commodities, a commodities trading firm. Who is the richest musician in Uganda today? He is also one of those that derive most of their wealth from the political arena. Here is the list of top 10 Richest Men in Ghana. Records show, Haruna Enterprises has an annual turnover of USD 4 Million and employs not less than 600 people. 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. He is the chairman and principal stakeholder of the Ruparelia Group's firms. Kimani is worth an estimated Kshs 500 million. 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. 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. Afterward, he became a Goodyear tyre distributor in Rwanda. Additionally, he owns a ground-handling service known as Enhas at Ugandas Entebbe Airport. Today, he is able to maintain such a position by centering most of his investments in other sectors like banking and manufacturing. 1. He was appointed as the Attorney General in the country by Museveni. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. Given birth on the 11. of November, 1950, Karim Hijri was a champion automobile race drive during the 1960s and 1970s. As of January 2012, he was said to be the richest native Ugandan, with a net worth of more than $200 million. Like many other business tycoons in the country, Gordon has invested in numerous companies including Wavah Water Limited, GM Tumpeco Limited, and many others. This investment has been known for driving a huge amount of money into Johns bank account. Richest Conservative MPs listed as second jobs bring in up to 1m each By Craig Meighan @CraigyMeighan Multimedia Journalist Share 1 Comments Theresa May, Owen Paterson (right) and Sajid Javid are among the highest earners in the House of Commons DESPITE earning more than 90% of UK earners, many MPs choose to take on second jobs. Afterward, he bought one of Sudhir Ruparelias milling machines from Premiere Mills. That makes him one of the richest people in Uganda. Today Uganda has got many billionaires including the likes of Sudhir Ruparelia, Wavamuno, Basajjabalaba and many others, the youth have also fought for themselves by creating jobs and others through various annual inspirational brain-storming programmes such as the Pakasa forum etc, I am telling you if you happen to attend any of these programmes, you will learn how to make money and it will widen your mind. Additionally, the growing economic condition provides numerous employment opportunities for the youths of the country. Although he is no longer in service of the government, he is very wealthy. He is a business magnate who has been venturing into textile and alcoholic beverages trading from a shop in Luwum Street, Kampala which later gave birth to Dembe Enterprise before expanding into what is currently known as Dembe Group of Companies. 2022 Hard Rock Media. He is the founder of Roofing Groups and was born on October 4, 1944, in Uganda. As their businesses thrive, their net wealth will continue to increase. In the 1970s, he quit medicine to operate a retail electronics company in Kigali, Rwanda, specializing in Philips products. He successfully sought a $1 million loan from the World Bank with the help of the Rwanda Development Bank. The second richest person in Uganda, Karim is an entrepreneur that has been known for solving issues in Uganda, thereby generating money for himself. Bobi Wine - Net Worth $7.3 million . Given birth to in 1962 in Arua, Arua District, Mukesh has businesses that are organized under the Shumuk Group. 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. 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. Moreover, he is the author of Reason as the World Masterpiece and Success and Failure Based on Reason and Reality books. However, despite being a rich and developing country, Uganda also houses numerous millionaires and billionaires. 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. The report said government of Uganda should take "deliberate efforts to review and rationalize" the pay structure. We are committed to adding value to our clients by providing unparalled knowledge of the Ugandan real estate markets and financial needs.. Patrick Bitature- He is the chairman of Simba Telcom Ltd which is a franchise of MTN Uganda. He was also awarded an honorary doctorate from Makerere University. Alykhan is known as a reputable and diligent businessman in Uganda. Save my name, email, and website in this browser for the next time I comment. He has been in the parliament since 1980 and he was the former President of the 69th Session of the United Nations General Assembly. Manu Chandaria graduated from Jamnagar University in India and then went on to study engineering at the University of Oklahoma. He has over a thousand agro stores in Kisenyi and sources say this is attracting Kikuubo based businesses. TORY rising star Jacob Rees-Mogg is one of parliament's richest MPs - raking in 1million this year, it has been revealed. He is an industrialist and owner of . Ragga Dee He is one of the Veteran musicians in Uganda. #top10richest #tycoons. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. Uganda is an East African country with a thriving economy. He has also raised buildings at Arua park, Parkyard, and behind Gazaland. Other notable posts Charles has served include being the chairman of the Uganda Securities Exchange in 2010, a member of the Presidential Investor Roundtable which comprises an elite group of businesspeople who give advice to the President of Uganda on how best to improve the business competitiveness and conditions in the country. Helen Adoa is one of the most recognized and famous politicians in Uganda. 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. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. Analysts say Haruna strategy has been to turn Mengo Kisenyi into a premier business center. 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. The 15 Richest Families In Uganda 2023. 1. Then, MTN Uganda, which had just debuted in the nation, became a franchisee of the firm. Charles Mbire is the wealthiest native of Uganda as many of the richest men in Uganda of the foreign descents. Thomas Tayebwa is one of the Richest but Unknown politicians in Uganda. 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. Sikander happens to be one of the oldest Ugandan entrepreneurs. A BigEye Uganda Media Company. Being an entrepreneur and an investor, Charles was born in the year 1959 in Mparo, Rukiga District. The book has also been voted as the best book of the year in the area of Business Motivation. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. In 2020, Skinner and his church were criticized for disregarding Covid restrictions and having his children's choir go on tour. Following the appointment of Dr. Amos Nzeyi as Honorary Consul, the Consulate of Mauritius became the first representative of Mauritius in Uganda in 2018. Jyotsna Ruparelia. Felix Ogong is one of the richest politicians in Uganda and he is representing Dokolo South County. He was born on October 25, 1974. . 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. Additionally, she is considered as one of the powerful women in the country. He is not only an active businessman and entrepreneur but also a philanthropist, which is supported by the enormous monetary and material donations that he has made in this context. With the rate at which his wealth is growing, he may exit the fourth position in the years to come. The 28 year old is a young brother to Hamisi Kiggundu of Ham Enterprises. Dr.Innocent is a veterinary doctor by profession and a young billionaire currently owning businesses like Club Amnesia, SMS company known asBlue Cube, Galaxy FM and he also invested in Real estates aswell as online betting businesses, before that he was also a marketing professional in a newspaper company known as Red Pepper. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. 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. Jyotsna Ruparelia continues to maintain her wealthy status as Uganda's richest woman. Alykhan Kharmaji is another prominent industrialist who founded the Mukwano Group of Companies. His elder . Simeon Nyachae is a famous businessman and politician who has accumulated a good amount of wealth during his days in government. During his tenure as the non-executive director of Exim Bank, Alykhan has helped the company to maintain an impressive 36.5% share gilding. Hamis Kiggundu, who is known by many as Ham, is a Ugandan business magnate with investments in different sectors. Banyankole. Simba telcom also owns Kampala Pretoria hotel. (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 . 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. He is the founder and chairman of the Aya Groups executive board of directors. He is in top 10 richest people in Uganda. Pastor Joseph Sserwadda. His investments have spanned a wide variety of industries including pharmaceuticals, energy, real estate, agribusiness, telecommunications,and finance. 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. Hon. Being the brain behind the establishment of Roofing Groups, Sikander occupies the sixth position with a net worth of $300 Million. 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. He is one of the Richest men in politicos with wealth in his Ankole Land and Farms, Real Estates Businesses and Transportation. In Uganda today, Sam is considered one of the very few powerful politicians that have harnessed numerous wealth over the years. He is known as a fortunate man because he started his business with a meager sum of about $25,000. 2. The controversial preacher is said to be the richest pastor in Africa with an . He is an entrepreneur, businessman, and author. He was elected from Ambedkar Nagar in Uttar Pradesh and is worth Rs 16.4 crore. This is because he is a known and important figure in the sector. Alykhans paternal grandfather, Ali Mohamed Karmali, was an entrepreneur of Indian heritage who immigrated to Uganda in 1904. Haruna Enteprises has won numerous Kampala Capital City Authority awards for supporting the citys activities. He is the founder of Roofing Groups and was born on October 4, 1944, in Uganda. Uganda bordered by countries like Rwanda, South Sudan, the Democratic Republic of Congo, Tanzania, is a country known for its consistent economic growth. Here are the Top 10 Richest Ugandan Artists and their Net worth . 12,736 views Premiered Sep 18, 2021 7 Dislike Share Save Pearl 1Xtra 7.53K subscribers #Subscribe !! She is also one of the property moguls in Kampala. He was also honored with an honorary doctorate degree from Makerere University. 1. His net worth amounts to $800 million, making him the second richest man in Uganda. Here is the list of the top 10 richest people in Uganda Advertisement John Bosco Muwonge Drake Lubega Sudhir Ruparelia Mukwano 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. President Yoweri Kgauta is the second richest politician in Uganda second to only his Younger brother. Alph Luka is the founder and pastor of Alleluia Ministries International, South Africa which he founded in 2002. 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. In 2013 he was made a Knight of the Order of St. John. He now boasts of buildings including Giant shopping arcade in Kikuubo, Nakasero complex on Nakivubo road, Mid-city arcade on Nakivubo Road, Mackay Buildings on Old Rashid Kaharmis Road among others. He is also the owner of Protea Hotels East Africa. Universities, schools, real estate, animal skins and hides, hospitality. Mr. Mbire has made his wealth by investing in diverse sectors. Being a businessman, entrepreneur, and industrialist, Alykhan Kharmi served as a non-executive director of Exim Bank which is a commercial bank in Uganda. 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. 10. kenyahistory. 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 Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. Mohamed Ali Hon. In 2017, the Ugandan government entered into a joint venture with Ham Group to effect major renovations at the stadium, involving an improvement to grounds, increasing seating from 30,000 to 35,000 and constructing retail shops inside the outside walls of the facility. Muwonge could be valued at USD 1.8 billion. According to Forbes, he has a net worth of $900 million. Read also. Most of the rich politicians in Uganda are known for making huge investments in numerous sectors across the country. Occupying the ninth position on the list of richest men in Uganda is Mukesh Shukla. Subscribe to our newsletter and never miss our latest news, podcasts etc.. Our site is an advertising supported site. In 2018, Carl Irwin retired from the company aged 52. Charles Magezi Mbire is an entrepreneur, businessman, and industrialist. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. This has significantly added to the improvement of the economic condition of the country. 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