The second richest person in Uganda, Karim is an entrepreneur that has been known for solving issues in Uganda, thereby generating money for himself. Muwonge is an allusive billionaire who is rarely seen in public. Sudhir Ruparelia. He is the founder of Roofing Groups and was born on October 4, 1944, in Uganda. Subscribe to our newsletter and never miss our latest news, podcasts etc.. Our site is an advertising supported site. Check out the list of Uganda's top 10 richest men John Bosco Muwonge Sudhir Ruparelia Mohammed Hamid Drake Lubega Alykhan Kharmali Charles Mbire Sikander Lalani Aaron Mukooza Gordon Wavamunno Patrick Bitature Top 10 Wealthiest Men Of Uganda In 2023 He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. In addition to being a politician, he has also acquired numerous amount of wealth from being a lawyer and numerous other political positions. 11.Sembule Family- They own Sembule Steel Rolling . Later on, Lalani relocated to Uganda due to Tanzanias burdensome bureaucracy. Geoffrey Lutaaya. In the 1970s, he quit medicine to operate a retail electronics company in Kigali, Rwanda, specializing in Philips products. Please whitelist to support our site. Analysts say Haruna strategy has been to turn Mengo Kisenyi into a premier business center. With a net worth of over $1 billion, he is the second richest man in Uganda today. Copyright 2023 Daily Express Uganda. He then acquired one of Sudhir Ruparelias milling machines from Premiere Mills. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. In Uganda, Karim Hijri is usually regarded as the main force behind the presence of the Dembe Group of Companies. Sudhir Ruparelia -$800 million Richest Man in Uganda The JD (U) leader's movable assets are worth Rs 4,043.48 crore and immovable assets are . Also Read:Top 10 Richest People in Africa. Mohammed Hamid was born in 1976 and was the second richest African under 40 after Mohammed Dewji, a Tanzanian. This is because he is a known and important figure in the sector. However, real estate remains the backbone still holding his wealthy position. That makes him one of the richest people in Uganda. Alykhan Kharmi is considered a notable individual in Uganda under the aegis of the Mukwano Family. 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. Manu Chandaria graduated from Jamnagar University in India and then went on to study engineering at the University of Oklahoma. (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? Required fields are marked *. These include pharmaceuticals, finance, telecommunications, agribusiness, real estate, and energy. With a net worth of about $670 million as of 2021, he is one of Ugandas richest natives. Alykhan Karmali is among the richest people in Uganda born to immigrants. Just like the Minister for Higher Education, he has also invested massively in the educational sector and is the owner of Victorious Educational Services and Special Plan Primary School. Hamis has invested in real estate, agro-processing, education, and technology among others. 2 Dec . Additionally, he owns a ground-handling service known as Enhas at Ugandas Entebbe Airport. We resent fake stories in all our published stories, and are driven by our tagline of being Accurate, Fast & Reliable. He was born on October 25, 1974. Under a powerful family called Mukwano Family, Alykhan is always found in the vanguard of competing with other rich individuals in the country. He won the seat on an independent ticket and has served the people remarkably well. He has built a steel-manufacturing conglomerate in Uganda which consists of three separate factories that have been organized into the Roofings Group. Mr. Mbire has made his wealth by investing in diverse sectors. He is known as a fortunate man because he started his business with a meager sum of about $25,000. He has major investments in manufacturing and banking and had served as a non-executive director of Exim Bank, a commercial Bank in Uganda. Even though most of her investments are hidden, she is known for having numerous investments in hotels. Here are the Top 10 Richest Ugandan Artists and their Net worth . Today, there are numerous churches available for worship in Uganda. (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 . Currently, she is the speaker of parliament and also the MP representing Kamuli Woman. Jayadev Galla is the fifth richest MP in the 17th Lok Sabha with a declared asset of over Rs 305 crores. Additionally, she is considered as one of the powerful women in the country. Sikander Lalani is a Ugandan entrepreneur, industrialist, and former histopathologist. He is one of Ugandas richest businessmen. Known as a renowned and fortunate tycoon, Sudhir Ruparelia occupies the first position in the list of richest men in Uganda. 2 billion. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. Alykhan is known as a reputable and diligent businessman in Uganda. Universities, schools, real estate, animal skins and hides, hospitality. Subsequently, the Bank of Uganda, which governs all banks in the country, took control of Crane Bank in October that year. He is the owner of a massive state of art hotel located in the Gulu Municipality known as Bomah Hotel. He is an industrialist and owner of . His Japanese acquaintances, who used to supply him with electronics, suggested the idea of making metallic roofing materials. He came into the parliament in 2016 as a rich individual. RK is married to Shrimati Rita Kishore Sinha, with two children. He is also the Uganda Manufacturers Associations chairman. However, many backbench MPs. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. (adsbygoogle = window.adsbygoogle || []).push({}); Top 10 Richest Politicians In Uganda 2021, Just like John, Sam also doubles as the MP representing Mawogola County in Sembabule District and also the Minister for Foreign Affairs in the country. Mahendra Prasad, Bihar | He is the richest MP as per an Association for Democratic Reforms report. The richest people in Uganda 2022 include native Ugandans as well as businessmen who are born to immigrants. 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. 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. Sudhir Ruparelia Sudhir Ruparelia has sat on top of Uganda's rich list for a long time. 7. Records show, Haruna Enterprises has an annual turnover of USD 4 Million and employs not less than 600 people. She commissioned the Century Hotel valued at Shs3bn in Kamuli District in 2014. Through his company, Ham Group, he owns a property portfolio in the heart of Ugandas capital, Kampala, that includes landmark shopping centers, office buildings and hotels. Given birth on the 11th of November, 1950, Karim Hijri was a champion automobile race drive during the 1960s and 1970s. The outspoken young tycoon is said to be collecting not less than USD1 million a month. He has also raised buildings at Arua park, Parkyard, and behind Gazaland. Your email address will not be published. He took over from Dr. Kalonzo Musyoka, the former Vice President of Kenya, who served as the universitys founding chancellor for two terms, from 2013 to 2021. His philanthropic lifestyle has been evident in the country, as he has donated numerous materials to various clubs and organizations in the country. Who is the richest musician in Uganda today? He is the owner of Feliestar Buses and numerous other radio stations including Voice of Lango. Tags. He is also one of those that derive most of their wealth from the political arena. This is mainly because of his behavior towards tackling unemployment in the country. In Uganda today, Sam is considered one of the very few powerful politicians that have harnessed numerous wealth over the years. Jyotsna Ruparelia is the wife of the wealthy Sudhir Ruparelia - a leading business tycoon in Uganda. The company has a fleet of hundreds of heavy-duty Scania and MAN movers and trailers. He is reported to be one of the wealthiest individuals in Uganda, with an estimated net worth of about US$800 million. 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. One of the oldest entrepreneurs in the history of Uganda is Sikander Lalani. 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. Sudhir Ruparelia 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. Additionally, he also has two primary sections under the Seeta Junior School and a Kindergarten wing with two other branches. Latest list of the top 5 richest Pastors in Uganda 2022. As a philanthropist, he has donated numerous materials to different associations and organizations in the country. He was a previous member of the Uganda Development Banks board of directors. Subscribe to our newsletter to get our newest articles instantly! In fact, some of her citizens on the list of richest men in Uganda occupy some position in the Forbes List of rich individuals in the World. 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. Sikander happens to be one of the oldest Ugandan entrepreneurs. 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. Alykhan Karmali is among the richest people in Uganda born to immigrants. 2023 BigEye.UG. Muwonge could be valued at usd1.8 billion. Apart from being a businessman, he is also known for making huge investments in sectors like real estate, broadcasting, education, insurance, banking, and others. Uganda Breweries Ltd came into existence shortly after World War II in 1946. Under the leadership President Yoweri Museveni, these people have amassed large . 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