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. 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. 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. 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. She is also a major player in the investment circle before joining politics. In 2018, Carl Irwin retired from the company aged 52. Muwonge is an allusive billionaire who is rarely seen in public. The entrepreneur studied business and economics at Essex University in England, where he received an honors Bachelor of Science degree. Sudhir got a setback with Bank of Uganda grabbed his Crane bank from him and later Covid19 affected his massive investments in the hospitality, education, and flower sectors. Known as a renowned and fortunate tycoon, Sudhir Ruparelia occupies the first position in the list of richest men in Uganda. 1. This is because he is a known and important figure in the sector. The 15 Richest Families In Uganda 2023. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. He is the leader in Private High school education in the entire country with a chain of schools. This also drags him into the list of the richest men 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. 8. Born in 1984, Kiggundu is currently the Chief Executive Officer of the Ham Group of Companies. 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. Kiggundu was honored with an award in 2018 for his book, Success and Failure Based on Reason and Reality. Albert Muganga At just 37, Hamis Kiggundu is one of East Africas most revered young entrepreneurs and real estate moguls. Mr. Ruparelia, who was born in 1956, is an Indian-born Ugandan business mogul and investor. In thirty-sixth spot is the BSP's Rakesh Pandey. Charles Mbire is the wealthiest native of Uganda as many of the richest men in Uganda of the foreign descents. Representing Serere District, she became famous after ousting FDCs stronghold Alice Alaso in the 2016 elections. Crown is a blue-chip beverage firm that produces premium carbonated soft beverages such as Pepsi, Mirinda, Mountain Dew, Sting, Evervess, and Nivana Mineral Water. In addition to his accumulated wealth, he also owns two residential apartments both in Mitooma and Kampala, each of which is valued at a very high cost. He won the seat on an independent ticket and has served the people remarkably well. Unsurprisingly, he has decided not to fully engage in the political situation in 2021. Moreover, businessman Nzeyi owns a stake at Crown Beverages Limited, Hot Loaf Bakery, White Horse Inn, National Bank of Commerce, and Nandos Restaurant. We resent fake stories in all our published stories, and are driven by our tagline of being Accurate, Fast & Reliable. Christine Nabukeera is known among the rich circles as Senga Nabukeera. One of the richest men in Uganda and the most famous millionaires is Patrick Bitature. Dembe Group comprises an automobile dealership, an amusement park, finance and insurance companies, hotels, etc. Being the brain behind the establishment of Roofing Groups, Sikander occupies the sixth position with a net worth of $300 Million. Born in 1976, Hamid is one of the youngest richest people in Uganda. John is believed to be the second richest politician in Uganda. He occupied the seat after defeating President Yoweri Museveni in the parliamentary election. 2 billion. As a philanthropist, he has donated numerous materials to different associations and organizations in the country. Net Worth 2022 - $900,000. The eleventh parliament of Uganda consists of a total of 529 legislators representing the various constituencies and the units of government in the country. Andrew Ojok Oulanyah is a Ugandan politician . All Rights Reserved. Mr. Kabonero is the chairman of Park Hospitality Limited, which developed the Kampala Radisson Blue Hotel in collaboration with the Carlson Rezidor Hotel Group. . Mbire was born in 1959 in Mparo, Rukiga District, which is located southwest of Uganda. Sudhir Ruparelia is the richest person in Uganda. 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. He also owns a logistics firm, an import products firm, and the Ugandan Europcar franchise. Top 10 Richest Men In Uganda 1. Bobi Wine is also one of the Richest politicians in Uganda. This is a private university in Kampala, Ugandas capital city. Haruna Mubiru is the 10th on the list of top 10 richest musicians in Uganda in 2022 today or right now. Richest Politicians. (adsbygoogle = window.adsbygoogle || []).push({}); In Uganda, Karim Hijri is usually regarded as the main force behind the presence of the Dembe Group of Companies. Ashish was born in United Kingdom in 1981 after his parents had moved to UK in 1972 when Idi Amin expelled Asians from Uganda, later the young Ashish and his family moved to Rwanda where they were also forced to leave due to 1994 genocide, they fled to Burundi for a while and later came to Uganda, at the age of 15, Ashish dropped out of school to begin his own business with a loan of $5000. It is a major belief in Uganda that he harnessed many of his profits from investments and the ability to use his creative mind. These businessmen have made their wealth by investing in different sectors. He was also honored with an honorary doctorate degree from Makerere University. Given birth on the 11. of November, 1950, Karim Hijri was a champion automobile race drive during the 1960s and 1970s. The Ugandan Businessman was the second richest African under 40 in 2015, according to Forbes, following Tanzanian multimillionaire, Mohammed Dewji. According to Wikipedia, Haruna Ssentongo, is one of the richest people in Uganda, and is said to be worth USD 420 million. The gap in educational attainment between children from the richest and poorest families was a problem long before the .. Apr 28, 2021 Member of Parliament, Kyadondo County East, 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 came into the parliament in 2016 as a rich individual. Then, in the 1960s, he trained as a histopathologist and worked for two years at the University College Hospital in London, England. He is worth USD1 billion. Mohammed Hamid is considered one of the richest young millionaires in Uganda having emerging into the class of richest personalities at a very youthful age. With the speed at which his fortune grows, he may well move out of fourth place in the years to come. This article, therefore, presents to you the top ten richest Ugandans including their net worth. 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. RK is married to Shrimati Rita Kishore Sinha, with two children. Rebecca Kadaga after serving in government for over 25 years is also one of the richest national in politics making the list as the only woman. For 20 years now, since its inception, Sikander has established the steel-manufacturing group of companies in Nigeria which comprises three distinct factories. 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. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. He is building warehouses for agro produce sales and rents them out. 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. 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. More to that, he is regarded as an investor with his investments in sectors such as the media and banking sectors. 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. In 2010, he was chairman of the Uganda Securities Exchange. (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 . (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? Many people believed that it was his legal brilliance that earned him the portfolio, and not because of the richness attached to it. Sudhir Ruparelia is currently the richest man in Uganda , with an estimated net worth of USD1. The new wealth list favors those in real estate, particularly, those in commercial buildings in big cities, particularly Kampala. Being a businessman, entrepreneur, and industrialist, Alykhan Kharmi served as a non-executive director of Exim Bank which is a commercial bank in Uganda. He has also raised buildings at Arua park, Parkyard, and behind Gazaland. Even though there have been numerous contradictions to the absence of corrupt politicians in the political system of the country, there still exists some that acquire their wealth using their creativity. Pastor Joseph Sserwadda. The list is not exhaustive, and net worth values are hard to determine.[3]. The unlikely social media star owns a 15 per cent stake in a capital . Alykhan Kharmali actually inherited the family business from his father named Amirali Karmali. Recently, in 2020, he was appointed as an honorary consul of the Republic of Nepal to Uganda by the President of Nepal. Save my name, email, and website in this browser for the next time I comment. Afterward, he became a distributor of Goodyear tyres in Rwanda. He is the owner of Feliestar Buses and numerous other radio stations including Voice of Lango. According to Forbes, he has a net worth of $700 million. 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 is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. Additionally, the number of rich individuals in the country has increased over the past years. 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. He contested for the chairmanship of the ruling National Resistance Movement in 2016 against the incumbent Hassan Bassajjabalaba. 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. Alykhan is known as a reputable and diligent businessman in Uganda. He was appointed as the Attorney General in the country by Museveni. Mohammed Al Amoudi's net worth is roughly $12.6 Billion dollars. 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