List Of Billionaires In Uganda

List Of Billionaires In Uganda

A billionaire is a person with a net worth of at least one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling.

Here are the List Of Billionaires In Uganda

1. Sudhir Ruparelia – $1.2 Billion

Sudhir Ruparelia is currently the richest man in Uganda, with a net worth of $1.2 billion.

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. 

He also has interests in other sectors of the Ugandan economy such as insurance, broadcasting, real estate, education, floriculture, banking, hotels, and resorts.

2. Karim Hijri – $800 Million

Karim Hijri is generally seen In Uganda as the driving force behind the Dembe Group of Companies.

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. 

Dembe Group comprises an automobile dealership, an amusement park, a radio station (Dembe FM), finance and insurance companies, hotels, etc.

3. Alykhan Kharmali – $700 Million

Alykhan Kharmaji is another prominent industrialist who founded the Mukwano Group of Companies.

He has major investments in manufacturing and banking and had served as a non-executive director of Exim Bank, a commercial Bank in Uganda. 

During his tenure as the non-executive director of Exim Bank, Alykhan has helped the company to maintain an impressive 36.5% share gilding. 

4. Mohammed Hamid – $400 Million

Mohammed Hamid is regarded as one of the richest young millionaires in Uganda, who rose to the class of the richest personalities at a young age.

As a Ugandan business tycoon and investor, he has made huge investments in sectors such as real estate, manufacturing, transportation, and many others.

He is currently the chairman and the major shareholder of the Aya Group of companies. 

Mohammed Hamid was born in 1976 and was the second richest African under 40 after Mohammed Dewji, a Tanzanian.

5. Charles Mbire – $400 million 

Charles Mbire is one of Uganda’s richest native.

Like many of Uganda’s richest men of foreign roots, Charles Mbire who is An entrepreneur and investor was born in 1959 in Mparo, Rukiga District.

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. 

6. Sikander Lalani – $300 Million

Sikander happens to be one of the oldest Ugandan entrepreneurs.

He is the founder of Roofing Groups and was born on October 4, 1944, in Uganda. 

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.

He was also a distributor of tyres in Rwanda. 

For 20 years now, since its inception, Sikander has established the steel-manufacturing group of companies in Nigeria which comprises three distinct factories. 

7. Aaron M. Mukooza – $200 Million

Aaron Mukooza, one of Uganda’s richest entrepreneurs.

More to that, he is regarded as an investor with his investments in sectors such as the media and banking sectors.

Aaron Mukooza currently sits on a staggering net worth of $200 Million, which earns him a spot among the richest men in Uganda. 

8. Gordon Wavamunno – $100 Million

Like many other business tycoons in the country, Gordon has invested in numerous companies including Wavah Water Limited, GM Tumpeco Limited, Wavah FM, and many others.

In 2013 he was made a Knight of the Order of St. John.

He was also awarded an honorary doctorate from Makerere University.

His philanthropic lifestyle has been evident in the country, as he has donated numerous materials to various clubs and organizations in the country.

9. Patrick Bitature — $100 million 

Patrick Bitature is our number nine pick among the richest men in Uganda.

The brain behind the progress and success of one of Uganda’s largest telecommunication companies, Simba Telecom, Patrick’s wealth has accumulated over the years through Uganda’s largest MTN airtime seller, Simba Telecom. 

10. Mukesh Shukla – $100 Million

Mukesh was born in Arua, Arua District in 1962.

He has established companies organized under the Shumuk Group.

Some of the businesses include a money lending business, a milk processing plant, a foreign exchange bureau, and many others.

Mukesh Shukla is also a politician and had contested in  2016  for the position of chairman of the ruling National Resistance Movement against incumbent Hassan Bassajjabalaba.

Who is the richest lady in Uganda?

Despite being the mother to one of the richest people in Uganda, Charles Mbire, Tereza Mbire has built her own empire. She is the founder of Uganda Women Finance Institution, a microfinance for women.

How many millionaires are there in Uganda?

This brings the total number of dollar millionaires in Uganda to 1,300, compared to Tanzania’s 2,400 and Kenya’s 4,800. Only Tanzania registered one dollar billionaire. In Africa region, South Africa hosts the highest number of millionaires at 40,400.

Who is the richest in Uganda 2022?

Top 10 Richest Men In Uganda 2021/2022 [Latest!]

  • Gordon Wavamunno – $100 Million.
  • Aaron M. …
  • Sikander Lalani – $300 Million.
  • Charles Mbire – $400 million.
  • Mohammed Hamid – $400 Million.
  • Alykhan Kharmali – $700 Million.
  • Karim Hijri – $800 Million.
  • Sudhir Ruparelia – $1.2 Billion. Richest Men In Uganda