The number of millionaires and billionaires including the richest politicians in Uganda is also on the increasing side and this also helps in boosting the economy of the country. 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. Mbire is a co-owner and board member of numerous Uganda companies, including MTN Communication Uganda Limited, Afro Alpine Pharma Limited, Polino Holdings Limited, Bomi Holdings Limited, and a host of others. This is an elite group of executives that advise Ugandas President on how to improve the countrys competitiveness and economic climate. a street vendor in Kamwokya, one of the poorest neighborhoods Geoffrey Lutaaya. Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. Then, in the 1960s, he trained as a histopathologist and worked for two years at the University College Hospital in London, England. He was elected from Ambedkar Nagar in Uttar Pradesh and is worth Rs 16.4 crore. 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. Currently, he is the CEO and the main force behind the Mukwano Group of Companies which is one of the most famous companies, not only in Uganda but entire Africa. In addition to being a politician, he has also acquired numerous amount of wealth from being a lawyer and numerous other political positions. A BigEye Uganda Media Company. Some of his businesses have subsidiaries not just in Uganda but also in Kenya, and Tanzania. ", https://en.wikipedia.org/w/index.php?title=List_of_Ugandans_by_net_worth&oldid=1142374835, Good African Coffee, Rwenzori Coffee, investments. She is also one of the property moguls in Kampala. With Kampala as his hometown, he is also considered one of the most influential individuals in the country. Universities, schools, real estate, animal skins and hides, hospitality. He was also awarded an honorary doctorate from Makerere University. He is also one of those that derive most of their wealth from the political arena. This article, therefore, presents to you the top ten richest Ugandans including their net worth. He became enamored with the country and decided to stay. Occupying the first position in the list of richest politicians in Uganda is Thomas Tayebwa, who is the MP representing Ruhinda North County in Mitooma District. Haruna Sentongo is another new entrant on the top 10 wealth list. He is also the Uganda Manufacturers Associations chairman. Coffee, tea, fish, and cotton are among its top exports. The list is not exhaustive, and net worth values are hard to determine.[3]. Sam Kuteesa has been serving in government since 1980 during the Obote regime where he won against Museveni the current President. It is a major belief in Uganda that he harnessed many of his profits from investments and the ability to use his creative mind. Being an economist, Felix has been in the parliamentary system of Uganda since 1996 and he has been accumulating wealth since then using his economics understanding. Dr Sudhir has business interests in several sectors of the Ugandan economy such as insurance, broadcasting, real estate, education, floriculture, banking, hotels, and resorts. Karim Hirji is generally seen In Uganda as the driving force behind the Dembe Group of Companies. Mohammed Al-Amoudi is an Ethiopian businessman who has become one of the richest people in the world. 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. 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 was a previous member of the Uganda Development Banks board of directors. Before joining politics, he is a rich individual and that has made him influenced politics in Tororo. Banyankole. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. He came into the parliament in 2016 as a rich individual. Later, he founded FIFI Transport Uganda Limited, which later became Panafric Transport. More to that, he is regarded as an investor with his investments in sectors such as the media and banking sectors. Your email address will not be published. He is the founder of Roofing Groups and was born on October 4, 1944, in Uganda. Age: 40 years (as of 2022) Sources of wealth: Music, acting, businesses, and political career. This came as a recognition of his contribution to the countrys economic progress. Uganda is an East African country with a thriving economy. Mr John owns several properties in Kampala, including Freedom City Mall, which cost him US $1 million, Capital House, Naiga Chambers, and several other prominent properties. 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. Muwonge could be valued at usd1.8 billion. Alykhan Kharmali actually inherited the family business from his father named Amirali Karmali. Adam Becket. Sudhir Ruparelia has sat on top of Uganda's rich list for a long time. This is because he is a known and important figure in the sector. He is a business expert, a politician, and a journalist. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. The Ugandan Businessman was the second richest African under 40 in 2015, according to Forbes, following Tanzanian multimillionaire, Mohammed Dewji. His wealth is in real estate and recreation Centre with his popular property of the One love Beach and several Apartment in Kyadondo and Throughout Kampala and Wakiso. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. In 2014, Galla won the seat by a margin of 69,111 votes. Please whitelist to support our site. Shaikh Mohammed bin Rashid al Maktoum. 2. Mohammed Hamid is another prominent Ugandan entrepreneur and businessman. Sudhir Ruparelia The report said government of Uganda should take "deliberate efforts to review and rationalize" the pay structure. The company is now a leading transporter in East and Central Africa. The company has a fleet of hundreds of heavy-duty Scania and MAN movers and trailers. Although he is no longer in service of the government, he is very wealthy. He has been known for fulfilling numerous responsibilities including being the Chairman of the Bayimba Cultural Foundation Board. Patrick Bitature net worth is $100 million. Businessman Sudhir Ruparelia has again topped our list of the 10 richest people in Uganda. The JD (U) leader's movable assets are worth Rs 4,043.48 crore and immovable assets are . The tenth person in this list of the top ten richest men in Ghana is Nana Akufo-Addo. She has wealth in Land and real estate in Jinja and Kampala. Alykhan is also one of the major investors in the banking and manufacturing sectors. Net Worth 2022 - $620,000. Forth on our top richest companies in Uganda is an old but gold company. Like many other business tycoons in the country, Gordon has invested in numerous companies including Wavah Water Limited, GM Tumpeco Limited, and many others. Read also. As a Ugandan business tycoon and investor, he has made huge investments in sectors such as real estate, manufacturing, transportation, and many others. Ragga Dee He is one of the Veteran musicians in Uganda. In fact, in 2015, these commodities boosted the economy of the country massively. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. Here comes the media guru by the name Aaron Mukooza, he is one of the richest entrepreneurs in Uganda. This has significantly added to the improvement of the economic condition of the country. [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. Just like his portfolio implies, He has tried in all capacities to improve the educational standard of the country. But perhaps his most important project at the moment is the reconstruction of the Nakivubo War Memorial Stadium. He is one of the Richest men in politicos with wealth in his Ankole Land and Farms, Real Estates Businesses and Transportation. Bobi Wine is the richest Ugandan musician in 2022, with an estimated net worth of $12 million. He has over a thousand agro stores in Kisenyi and sources say this is attracting Kikuubo based businesses. In Uganda's 2016 elections, Bebe Cool headlined the campaign trail for president Museveni which earned him millions of cash. With the rate at which his wealth is growing, he may exit the fourth position in the years to come. A fast-growing economic situation in the country has contributed to the many investments carried by Ugandans, thereby growing the economy very fast. 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 . Most of the rich politicians in Uganda are known for making huge investments in numerous sectors across the country. 2023 BigEye.UG. Additionally, he owns a ground-handling service known as Enhas at Ugandas Entebbe Airport. He worked with his older brother in the early 1990s until he started his first company called Pan Afric Commodities, which is also a commodities trading company. Given birth on the 11. of November, 1950, Karim Hijri was a champion automobile race drive during the 1960s and 1970s. Required fields are marked *. Every MP was granted more than $41,000 in 2013 to buy personal cars and also free ipads which were estimated to cost a total of $370,000. #top10richest #tycoons. Please enter your username or email address to reset your password. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. One of the oldest entrepreneurs in the history of Uganda is Sikander Lalani. 10/10. Additionally, he also has two primary sections under the Seeta Junior School and a Kindergarten wing with two other branches. 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. 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 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. 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. Source: Roofing sheets. Bob Kabonero graduated from Oxford Brookes University in Oxford, England, with a bachelors degree in business administration and retail management. These businessmen have made their wealth by investing in different sectors. Haruna and his brother Hamis are young businessmen who have used their family business experience to invest wisely and grow their wealth. He is the current chairman of Crown Beverages Limiteds board of directors. 11.Sembule Family- They own Sembule Steel Rolling . 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. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. Mohamed Ali is Nyali Constituency's member of parliament. Following the appointment of Dr. Amos Nzeyi as Honorary Consul, the Consulate of Mauritius became the first representative of Mauritius in Uganda in 2018. 10. . In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. 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. 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. Pastor Joseph Sserwadda. He occupied the seat after defeating President Yoweri Museveni in the parliamentary election. Lalani is the founder of Roofings Group, the largest manufacturer of steel construction materials in Uganda with installed production capacity of 72,000 . Uganda discharges last known Ebola patient, health ministry says. The company is usually regarded as Ugandas biggest seller of MTN airtime. Top 7 Richest politicians and MPs in Uganda. Charles Magezi Mbire is an entrepreneur, businessman, and industrialist. 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. He was also accused in 2011 for receiving bribes as kickbacks from an Irish Oil firm known as Tullow Oil. Thomas Tayebwa Occupying the first position in the list of richest politicians in Uganda is Thomas Tayebwa, who is the MP representing Ruhinda North County in Mitooma District. The second richest person in Uganda, Karim is an entrepreneur that has been known for solving issues in Uganda, thereby generating money for himself. These include pharmaceuticals, finance, telecommunications, agribusiness, real estate, and energy. 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