Muwonge could be valued at usd1.8 billion. Pastor Joseph Sserwadda. In 2012, Uganda Investiment Authority named Miraj Barotas the youngest entrepreneur, he invested over $30 millioninTirupati Development, a real commercial estate Which includes Ovino market, Mazima mallin Kabalagala,Kyebando warehousesand etc. #top10richest #tycoons. She has wealth in Land and real estate in Jinja and Kampala. He has made significant investments in industry and banking, and he owns 36.5 percent of Exim Bank Uganda. Alykhan Karmali is among the richest people in Uganda born to immigrants. Later on, Lalani relocated to Uganda due to Tanzanias burdensome bureaucracy. 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. The business magnate hails from the Kabarole region. Records show, Haruna Enterprises has an annual turnover of USD 4 Million and employs not less than 600 people. Sikander Lalani. Richest People. Additionally, the number of rich individuals in the country has increased over the past years. 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. His philanthropic lifestyle has been evident in the country, as he has donated numerous materials to various clubs and organizations in the country. According to Forbes, the Ugandan business tycoon had a net worth of approximately $870 million in 2021. Recently, in 2020, he was appointed as an honorary consul of the Republic of Nepal to Uganda by the President of Nepal. The news has raised hopes that the outbreak, which has infected 142 people and killed 56, could end soon. 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. Yuri Milner built a $3.9 billion fortune, thanks to early funding from Kremlin-connected sources. Thats all about the richest men in Uganda. 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 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. Charles Mbire is the wealthiest native of Uganda as many of the richest men in Uganda of the foreign descents. Today, he is able to maintain such a position by centering most of his investments in other sectors like banking and manufacturing. 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. Dr. Sudhir Ruparelia. Top 7 Richest politicians and MPs in Uganda. 8.Sikander Lalani - $300 Million Sikander happens to be one of the oldest Ugandan entrepreneurs. This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. This is mainly because of his behavior towards tackling unemployment in the country. He has also raised buildings at Arua park, Parkyard, and behind Gazaland. Mr. Bitature is the CEO of the Simba Group of Companies, which is a conglomerate with holdings in telecommunications, energy, travel, real estate, leisure, media, and mining. That is far higher than what is paid to most European countries' MPs, including Uganda's major funding countries like the UK . The per capita income in Uganda in 1999 was approximately US$650 annually. Top 7 Richest politicians and MPs in Uganda. Afterward, it grew into Dembe Enterprise, which eventually advanced to become the Dembe Group of Companies. 8. Do you have a story or an opinion to share? He contested for the chairmanship of the ruling National Resistance Movement in 2016 against the incumbent Hassan Bassajjabalaba. Sudhir Ruparelia Ranking number one on the top ten list of richest Ugandan milionaires is the founder, CEO, and major shareholder of Ruparelias Group of Companies, Sudhir Ruparelias. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. Charles Magezi Mbire is an entrepreneur, businessman, and industrialist. In Uganda today, Sam is considered one of the very few powerful politicians that have harnessed numerous wealth over the years. Subscribe to our newsletter to get our newest articles instantly! 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. Alykhan Karmali is among the richest people in Uganda born to immigrants. He is known as a fortunate man because he started his business with a meager sum of about $25,000. Afterward, he became a Goodyear tyre distributor in Rwanda. Patrick Bitature is one of the wealthy personages in Uganda who has been known for harness his wealth from his giant telecommunication company known as Simba Telecom. Bobi Wine - Net Worth $7.3 million . The company is now a leading transporter in East and Central Africa. List of wealthiest men in Uganda. He is worth USD1 billion. Born in 1976, Hamid is one of the youngest richest people in Uganda. The new wealth list favors those in real estate, particularly, those in commercial buildings in big cities, particularly Kampala. This has been linked to the numerous opportunities available in the country. This also drags him into the list of the richest men in Uganda. He is a business expert, a politician, and a journalist. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. Hotels, real estate, construction equipment, Entertainment, broadcasting, nightclubs, mineral water, Real estate, hotels, schools, transportation, international trade, security guards. Simba Telecom has risen to become Ugandas top MTN airtime seller, with gross sales exceeding US$80 million in 2010. The Pyramids Casino and Kampala Casino are two of his business ventures. 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. Alykhan Kharmali actually inherited the family business from his father named Amirali Karmali. Additionally, he also has two primary sections under the Seeta Junior School and a Kindergarten wing with two other branches. Bharti Airtel Limited, an Indian company, is the parent company of Airtel Uganda Limited. 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. [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. This came as a recognition of his contribution to the countrys economic progress. Recently, he was involved in a case where he was alleged to have collected the sum of 500,000 Dollars from a foreign investor. The property mogul is the chairman and majority shareholder in the companies of the Ruparelia Group. Muwonge makes all the money and takes it all. 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. pjimage (1) Attribution 3.0 Unported (CC BY 3.0) license from UK Parliament. With a current net worth of $910 million, Pastor Kakande has heavily invested in agriculture. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. 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. However, the contributing factor is not only the fund generation by the Government. The names are arranged alphabetically, using the first name to select rank. Bobi Wine is the richest Ugandan musician in 2022, with an estimated net worth of $12 million. Given birth to in 1976, Mohammed Hamid was the second richest African under the age of 40 after Mohammed Dewji, who is a Tanzania. Lalani is the chairman and CEO of Roofings Group, which is Ugandas largest maker of construction steel materials. Mohammed Al Amoudi's net worth is roughly $12.6 Billion dollars. Uganda Breweries Ltd came into existence shortly after World War II in 1946. A fast-growing economic situation in the country has contributed to the many investments carried by Ugandans, thereby growing the economy very fast. Nadia's little sister Thandiwe Mbiire is a laid back gal but still finds time to enjoy the fruits of their father's labour. Here are the Top 10 Richest Ugandan Artists and their Net worth . Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. The Chief Registrar, within the Judiciary, was at the scale of U1S, earning a monthly salary of Shs 4,804,800 which was equal to the counterpart in the Executive or Solicitor General. *********. Analysts say Haruna strategy has been to turn Mengo Kisenyi into a premier business center. Muwonge could be valued at USD 1.8 billion. The New Tourist 138K subscribers Subscribe 218 Share 9.3K views 1 month ago #richestfamilies #richestfamilies Top 15 richest families in Uganda.. However, many backbench MPs. He is the leader in Private High school education in the entire country with a chain of schools. 2 billion. He was a previous member of the Uganda Development Banks board of directors. Jyotsna Ruparelia continues to maintain her wealthy status as Uganda's richest woman. kenyahistory. 2. 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. Being a well-trained lawyer and businessman, Thomas was a business partner to Caesar Augustine Mulenga, who is also a business tycoon and the founder of the Mulenga Development Kingdom. Session of the United Nations General Assembly. 1. The 28 year old is a young brother to Hamisi Kiggundu of Ham Enterprises. Mr. Ruparelia, who was born in 1956, is an Indian-born Ugandan business mogul and investor. It is a major belief in Uganda that he harnessed many of his profits from investments and the ability to use his creative mind. 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. Some of his hit jams are Kiwani, Wendi, Aida, Mr Money, Tuliyambala Engule, Ogenda, and Akalimu. He is an entrepreneur, businessman, and author. 2 Dec . 2. Here is a list of members of parliament in the eleventh Parliament of Uganda (2021 to 2026) and their respective phone contacts. Net Worth 2022 - $500,000. Moreover, he is the author of Reason as the World Masterpiece and Success and Failure Based on Reason and Reality books. Jayadeva Galla. 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. Tory MPs net worth ranked: Sajid Javid, the health minister, is the eight richest cabinet member (Image . He was also accused in 2011 for receiving bribes as kickbacks from an Irish Oil firm known as Tullow Oil. 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. All Rights Reserved. 2022 Hard Rock Media. Representing Serere District, she became famous after ousting FDCs stronghold Alice Alaso in the 2016 elections. Unsurprisingly, he has decided not to fully engage in the political situation in 2021. He is the owner of Protea Hotels East Africa. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. He was worth $ 500 million by 2021. Mohamed Ali Hon. 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. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. The project, costing millions of dollars, is funded by Kiggundus company. Required fields are marked *. Here comes the media guru by the name Aaron Mukooza, he is one of the richest entrepreneurs in Uganda. The outspoken young tycoon is said to be collecting not less than USD1 million a month. Irwin remains one of the richest people in Zambia in . His term began on September 17, 2021, and will end in 2025. As their businesses thrive, their net wealth will continue to increase. TORY rising star Jacob Rees-Mogg is one of parliament's richest MPs - raking in 1million this year, it has been revealed. Boris Johnson, Prime Minister: 157,372. Please whitelist to support our site. 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. Hon. With net assets of Rs 338 crore (Rs 3.38 billion), Doddaalahalli Kempegowda Suresh, better known as D K Suresh, is the only Congress member from Karnataka and the third richest MP. (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. Geoffrey Lutaaya. With a swooping revenue of 44.9 million USD as of 2016. a street vendor in Kamwokya, one of the poorest neighborhoods 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. Alykhan Kharmaji is another prominent industrialist who founded the Mukwano Group of Companies. Net Worth 2022 - $700,000. On top of that Sudhir has not stopped his support for charitable works and other social causes. Karim Hirji is a Ugandan entrepreneur, hotel owner, and businessman. Known as a renowned and fortunate tycoon, Sudhir Ruparelia occupies the first position in the list of richest men in Uganda. He also owns a logistics firm, an import products firm, and the Ugandan Europcar franchise. Below we bring you the list of the top 10 richest pastors in Africa. It is a common belief in Uganda that his company is the source of his wealth. Born in 1984, Kiggundu is currently the Chief Executive Officer of the Ham Group of Companies. 2023 BigEye.UG. As a result, we analyzed and formulated a comprehensive list of the richest musicians in Uganda from 2021 to 2022, Forbes. (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 . Zambeef is one of the richest and most successful companies in Zambia with over 195 outlets in Africa, employing 7,000 people. Other posts he has once served include as a Minister of Energy and Mineral, Minister of Agriculture, Animal Industry and Fisheries, etc. Jayadev Galla is the fifth richest MP in the 17th Lok Sabha with a declared asset of over Rs 305 crores. 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. Do you have a story in your community or an opinion to share with us: Email us at, Presidents Museveni, Ramaphosa call for increase in trade between Uganda and South Africa, Rwenzori young people tipped off about youth-friendly services, MPs question Shs57 billion payment to US company, MPs approve Budget Framework Paper in readiness for Financial Year 2022/23 Budget. Alykhan is also one of the major investors in the banking and manufacturing sectors. businessdaily. 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. He is the founder of Roofing Groups and was born on October 4, 1944, in Uganda. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. Hamis Kiggundu, who is known by many as Ham, is a Ugandan business magnate with investments in different sectors. Dembe Group comprises an automobile dealership, an amusement park, finance and insurance companies, hotels, etc. 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 successfully sought a $1 million loan from the World Bank with the help of the Rwanda Development Bank. Under a powerful family called Mukwano Family, Alykhan is always found in the vanguard of competing with other rich individuals in the country. One of the richest men in Uganda and the most famous millionaires is Patrick Bitature. He says that's all in the past. Muwonge could be valued at usd1.8 billion. Anybody that has an investment in the roofing sector and is not familiar with Sikander Lalani is not actually an active member of the sector. Occupying the ninth position on the list of richest men in Uganda is Mukesh Shukla. Lalani is the founder of Roofings Group, the largest manufacturer of steel construction materials in Uganda with installed production capacity of 72,000 . 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. Al-Amoudi earned his net worth through his construction, real estate, oil refineries and other businesses. Richest Politicians. Given birth to in 1962 in Arua, Arua District, Mukesh has businesses that are organized under the Shumuk Group. Forth on our top richest companies in Uganda is an old but gold company. With a net worth of over $1 billion, he is the second richest man in Uganda today. Although he is no longer in service of the government, he is very wealthy. As of January 2012, he was said to be the richest native Ugandan, with a net worth of more than $200 million. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. He has over a thousand agro stores in Kisenyi and sources say this is attracting Kikuubo based businesses. He is the chairman and principal stakeholder of the Ruparelia Group's firms. He currently manages Simba Group of Companies that dabbles in telecoms, energy production, mining, media, real estate, travel, and leisure. 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. Then, in the 1960s, he trained as a histopathologist and worked for two years at the University College Hospital in London, England. Bobi Wine is the richest musician in Uganda today. Being the MP representing Bumunanika County in Luweero District and the State Minister for Higher Education, John is a well-recognized politician in Uganda. He has been in the parliament since 1980 and he was the former President of the 69. Alph Lukau - $1 Billion. (adsbygoogle = window.adsbygoogle || []).push({}); In Uganda, Karim Hijri is usually regarded as the main force behind the presence of the Dembe Group of Companies. 3. 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. Latest list of the top 5 richest Pastors in Uganda 2022. Read also. 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. He has also been on the spotlight for promoting homophobia in Uganda. Karim Hirji is generally seen In Uganda as the driving force behind the Dembe Group of Companies. He has been in the parliament since 1980 and he was the former President of the 69th Session of the United Nations General Assembly. Shaikh Mohammed bin Rashid al Maktoum. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. 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. Simba Telcom is the largest selller of MTN airtime in Uganda. Dr Sudhir has business interests in several sectors of the Ugandan economy such as insurance, broadcasting, real estate, education, floriculture, banking, hotels, and resorts. Just like his portfolio implies, He has tried in all capacities to improve the educational standard of the country. 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