#top10richest #tycoons. All Rights Reserved. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. 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. Recently, in 2020, he was appointed as an honorary consul of the Republic of Nepal to Uganda by the President of Nepal. 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. Below we bring you the list of the top 10 richest pastors in Africa. 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. Hamis Kiggundu, who is known by many as Ham, is a Ugandan business magnate with investments in different sectors. Jayadeva Galla. pjimage (1) Attribution 3.0 Unported (CC BY 3.0) license from UK Parliament. 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. Businessman Sudhir Ruparelia has again topped our list of the 10 richest people in Uganda. 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. The second richest person in Uganda, Karim is an entrepreneur that has been known for solving issues in Uganda, thereby generating money for himself. 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. Boris Johnson, Prime Minister: 157,372. The outspoken young tycoon is said to be collecting not less than USD1 million a month. He has major investments in manufacturing and banking and had served as a non-executive director of Exim Bank, a commercial Bank in Uganda. He also owns a couple of expensive cars including a hummer and Mercedes Benzes. Bharti Airtel Limited, an Indian company, is the parent company of Airtel Uganda Limited. Patrick Bitature- He is the chairman of Simba Telcom Ltd which is a franchise of MTN Uganda. 2022 Hard Rock Media. 12,736 views Premiered Sep 18, 2021 7 Dislike Share Save Pearl 1Xtra 7.53K subscribers #Subscribe !! 2 Dec . He is one of those that put their focus on the communication sector in the country. Required fields are marked *. Karim Hirji - Net Worth: $800 Million Karim Hirji is a businessman, hotel owner, and entrepreneur in Uganda. The eleventh parliament of Uganda consists of a total of 529 legislators representing the various constituencies and the units of government in the country. In 2013, he was appointed Knight of the Order of Saint John. Occupying the ninth position on the list of richest men in Uganda is Mukesh Shukla. These businessmen have made their wealth by investing in different sectors. According to Forbes, he has a net worth of $900 million. Although he is no longer in service of the government, he is very wealthy. Given birth on the 11. of November, 1950, Karim Hijri was a champion automobile race drive during the 1960s and 1970s. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. 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. 25 Mar, 2022, 10.20 PM IST Elon Musk, Jeff Bezos, Mark Zuckerberg and Bill Gates: World's 10 richest men doubled their fortunes during pandemic, says report businessdaily. Additionally, the number of rich individuals in the country has increased over the past years. Tags. 10. Stanley Githunguri. Copyright 2023 Daily Express Uganda. Find out more here! Being a businessman, entrepreneur, and industrialist, Alykhan Kharmi served as a non-executive director of Exim Bank which is a commercial bank in Uganda. The JD (U) leader's movable assets are worth Rs 4,043.48 crore and immovable assets are . Unsurprisingly, he has decided not to fully engage in the political situation in 2021. With a net worth of about $670 million as of 2021, he is one of Ugandas richest natives. 1. One of the oldest entrepreneurs in the history of Uganda is Sikander Lalani. Patrick Bitature is the seventh richest man in Uganda. Thomas Tayebwa is one of the Richest but Unknown politicians in Uganda. 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. In 2010, he was chairman of the Uganda Securities Exchange. He contested for the chairmanship of the ruling National Resistance Movement in 2016 against the incumbent Hassan Bassajjabalaba. Harunas aim is to turn the Kisenyi surbubs onto a new Kampala since the population is already there he is mainly based in agro markets for agro stores for all agro produce in uganda. 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. Additionally, he also has two primary sections under the Seeta Junior School and a Kindergarten wing with two other branches. This is an elite group of executives that advise Ugandas President on how to improve the countrys competitiveness and economic climate. Records show, Haruna Enterprises has an annual turnover of USD 4 Million and employs not less than 600 people. LONDON The latest register of members of parliament's financial interests shows that all 11 of the highest earning backbench MPs are Conservatives, and only two are women. 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 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. Source: Roofing sheets. Aaron Mukooza currently sits on a staggering net worth of $200 Million, which earns him a spot among the richest men in Uganda. The current list of wealthiest politicians in Uganda. Amos Nzeyi is a well-known Ugandan entrepreneur, businessman, and manufacturer. John is believed to be the second richest politician in Uganda. 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. Sikander is not only an industrialist, but he is also a pathologist who started as a dealer in a retail electronics store that specialized in the purchase and sales of Philips Brand IN Kigali. Under the leadership President Yoweri Museveni, these people have amassed large . 1. Uganda's new list of the wealthiest, according to sources, has also changed tremendously with big names such as Patrick Bitature, Charles Mbire, among others, dropping off the top 10 as previously reported. Sudhir Ruparelia is currently the richest man in Uganda, with a net worth of $1.2 billion. Pastor Joseph Sserwadda is currently the 2nd wealthiest Pastor in UG. 1. 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. Mohammed Hamid is another prominent Ugandan entrepreneur and businessman. Being the brain behind the establishment of Roofing Groups, Sikander occupies the sixth position with a net worth of $300 Million. Sudhir Ruparelia is married to Jyostna since 1977 and they are blessed with three children. Even though most of her investments are hidden, she is known for having numerous investments in hotels. Zambia. Shaikh Mohammed bin Rashid al Maktoum. Representing Serere District, she became famous after ousting FDCs stronghold Alice Alaso in the 2016 elections. Analysts say Haruna strategy has been to turn Mengo Kisenyi into a premier business center. A BigEye Uganda Media Company. 7. This has increased the fame of the country from a global view. Top 7 Richest politicians and MPs in Uganda. As an MP and chancellor, Mr Sunak's government salary is 151,649. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. The Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. 1. Geoffrey Lutaaya. 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. According to Forbes, he has a net worth of $700 million. Some of his hit jams are Kiwani, Wendi, Aida, Mr Money, Tuliyambala Engule, Ogenda, and Akalimu. The 28 year old is a young brother to Hamisi Kiggundu of Ham Enterprises. Sudhir Ruparelia -$800 million Richest Man in Uganda Today, he is able to maintain such a position by centering most of his investments in other sectors like banking and manufacturing. 3. 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. Most of Ugandas exports are agricultural products. 2. He currently manages Simba Group of Companies that dabbles in telecoms, energy production, mining, media, real estate, travel, and leisure. Here is the list of top 10 Richest Men in Ghana. In 2013 he was made a Knight of the Order of St. John. Lalani is the founder of Roofings Group, the largest manufacturer of steel construction materials in Uganda with installed production capacity of 72,000 . Later, he founded FIFI Transport Uganda Limited, which later became Panafric Transport. (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? Recently, he was involved in a case where he was alleged to have collected the sum of 500,000 Dollars from a foreign investor. She is the second rich female politician in the country after Rebecca. Under the leadership President Yoweri Museveni, these people have amassed large . Patrick Bitature net worth is $100 million. He was also honored with an honorary doctorate degree from Makerere University. It is a common belief in Uganda that his company is the source of his wealth. Today, there are numerous churches available for worship in Uganda. He won the seat on an independent ticket and has served the people remarkably well. With Kampala as his hometown, he is also considered one of the most influential individuals in the country. He is the chairman and principal stakeholder of the Ruparelia Group's firms. ADVERTISEMENT. Net Worth 2022 - $620,000. He definitely has numerous sources of income. Most of the rich politicians in Britain, says the Times, are Tories as you would expect. As their businesses thrive, their net wealth will continue to increase. He is also the Uganda Manufacturers Associations chairman. 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. Here are the Top 10 Richest Ugandan Artists and their Net worth . Here are the richest tribes in Uganda. The company is usually regarded as Ugandas biggest seller of MTN airtime. With the rate at which his wealth is growing, he may exit the fourth position in the years to come. 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. More to that, he is regarded as an investor with his investments in sectors such as the media and banking sectors. Also Read:10 Successful African Entrepreneurs With Amazing Beginnings. All Rights Reserved. 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. His net worth amounts to $800 million, making him the second richest man in Uganda. Muwonge makes all the money and takes it all. He was elected from Ambedkar Nagar in Uttar Pradesh and is worth Rs 16.4 crore. The new wealth list favors those in real estate, particularly, those in commercial buildings in big cities, particularly Kampala. Hon. He opened a plant in Kigali in 1978 to produce roofing materials. Banyankole. 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. The New Tourist 138K subscribers Subscribe 218 Share 9.3K views 1 month ago #richestfamilies #richestfamilies Top 15 richest families in Uganda.. For 20 years now, since its inception, Sikander has established the steel-manufacturing group of companies in Nigeria which comprises three distinct factories. Like many of Ugandas richest men of foreign roots, Charles Mbire who is An entrepreneur and investor was born in 1959 in Mparo, Rukiga District. 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 has been known for fulfilling numerous responsibilities including being the Chairman of the Bayimba Cultural Foundation Board. In this new Ugandas new list of the wealthiest, a lot has changed tremendously with big names such as Patrick Bitature, and Charles Mbire, among others, dropping off the top 10 as previously reported. In addition to being a politician, he has also acquired numerous amount of wealth from being a lawyer and numerous other political positions. Back in 2012, he contested the presidential elections in Ghana but lost the seat of the presidency. 15. His Japanese acquaintances, who used to supply him with electronics, suggested the idea of making metallic roofing materials. Mr. Kabonero is the chairman of Park Hospitality Limited, which developed the Kampala Radisson Blue Hotel in collaboration with the Carlson Rezidor Hotel Group. He was a previous member of the Uganda Development Banks board of directors. The MPs earn 35,000,000 Uganda shillings, equivalent to 8,427. Haruna Sentongo is another new entrant on the top 10 wealth list. With a swooping revenue of 44.9 million USD as of 2016. Another interesting fact to know is that Charles Mbire actually didnt start on a platter of gold and his story always serves as a form of motivation and inspiration for emerging businessmen or women and entrepreneurs. One of the richest men in Uganda and the most famous millionaires is Patrick Bitature. Albert Muganga 2 billion. This is because he is a known and important figure in the sector. Sudhir has maintained his Forbes net worth of USD 1.2 billion. He is also the owner of Protea Hotels East Africa. Dr. Sudhir Ruparelia. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. Uganda is an East African country with a thriving economy. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. Karim Hirji is a Ugandan entrepreneur, hotel owner, and businessman. Additionally, he owns a ground-handling service known as Enhas at Ugandas Entebbe Airport. His investments have spanned a wide variety of industries including pharmaceuticals, energy, real estate, agribusiness, telecommunications,and finance. Contacts of Mps in the 11th by Daily Express Just like many other entrepreneurs in the country. He then acquired one of Sudhir Ruparelias milling machines from Premiere Mills. In thirty-seventh spot is the BJD's Baijayant Panda. In 2018, Carl Irwin retired from the company aged 52. Here comes the media guru by the name Aaron Mukooza, he is one of the richest entrepreneurs in Uganda. 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 successfully sought a $1 million loan from the World Bank with the help of the Rwanda Development Bank. Being President for over 38 years he has immersed wealth controlling milk production and Distribution in Uganda with his Ankole Rwakitura Farm and other farms in Ankole. 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. 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. Mr. Ruparelia, who was born in 1956, is an Indian-born Ugandan business mogul and investor.
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