Top 10 Richest Men In Uganda 2024

Uganda, a rapidly developing African nation, has witnessed substantial economic growth, with a reported 6.3% increase in Gross Domestic Product (GDP) in 2023, as outlined by the African Development Bank. This growth positions Uganda as one of the most promising countries on the continent. Beyond its renowned wildlife attractions, Uganda boasts a cadre of affluent individuals, contributing to its economic landscape. In recognition of their financial success, we present a compilation of the ten wealthiest men in Uganda.

These individuals, through their diverse endeavors, have not only amassed significant wealth but have also played integral roles in the country's economic trajectory. From successful business ventures to influential contributions, these men have left a notable mark on Uganda's economic sphere. This compilation sheds light on the impressive financial accomplishments within Uganda, showcasing the individuals who stand at the forefront of the nation's economic prosperity.

Richest Men In Uganda 2023/2024

• Sudhir Ruparelia: $1.2 billion/Investor, Business
• Amos Nzeyi: $1 billion/Entrepreneur, Investor, Business
• Karim Hijri: $800 billion/Business, Entrepreneur,
• Alykhan Kharmali: $700 million/Business, Entrepreneur, Industry
• Patrick Bitature: $670  million/Business, Entrepreneur
• Charles Mbire: $600 million/Industry, Entrepreneur, Business
• Sikander Lalani: $300 million/Business, Industry
• Aaron Mukooza: $200 million/Investor, Entrepreneur
• Gordon Wavamunno: $100 million/Entrepreneur
• 1Mukesh Shukla: $100 million /Entrepreneur, Business

1. Sudhir Ruparelia: $1.2 Billion

Sudhir Ruparelia, the chairman and major shareholder of Ruparelia Group, holds the title of the richest man in Uganda with an estimated net worth of $1.2 billion. Commencing his career as a small business owner, Sudhir established Ruparelia Group in 1985, evolving it into one of Uganda's largest conglomerates. The group's diversified investments span banking, insurance, broadcasting, and real estate. As the first billionaire in Uganda and the wealthiest person in East Africa, Sudhir Ruparelia's entrepreneurial journey has significantly contributed to the economic landscape of the nation.

2. Amos Nzeyi: $1 Billion

Amos Nzeyi, a prominent businessman and industrialist, ranks among Uganda's wealthiest individuals, boasting an estimated net worth of $1 billion. A versatile entrepreneur, Nzeyi has founded or co-founded various successful ventures, including Crown Beverages Limited, Hot Loaf Bakery, and the National Bank of Commerce. Beyond business, he has served on the board of directors of the Uganda Development Bank, chaired the Uganda Manufacturers’ Association, and held the position of Honorary Consul for Mauritius in Kampala.

3. Karim Hijri: 800 Million

Karim Hijri, valued at approximately $800 million, is a significant figure among Uganda's richest individuals. Renowned as the driving force behind the Dembe Group of companies, Hijri initially entered the business world as an automobile racing driver before diversifying into textiles and alcoholic beverages trade. The Hijri Dembe Group has flourished into one of Uganda's major conglomerates, encompassing an array of sectors such as automobile dealerships, radio stations, amusement parks, hotels, and financial and insurance businesses.

4. Alykhan Kharmali: $700 Million

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Alykhan Kharmali, a philanthropist and esteemed entrepreneur, holds a place among Uganda's wealthiest, with an estimated net worth of $700 million. Serving as the managing director of Mukwano Industries Uganda Limited, Kharmali has been instrumental in the success of this diversified company founded in 1986. The Mukwano Group's interests span agriculture, manufacturing, food processing, and transportation, with Kharmali's influence extending to his role as a non-executive director of Exim Bank (Uganda).

5. Charles Mbire: $400 Million

Charles Magezi Mbire, an entrepreneur and industrialist, commands an estimated net worth of $400 million, solidifying his status as one of Uganda's richest individuals. Co-owner of multiple companies across diverse industries such as transportation, telecommunications, energy, finance, real estate, pharmaceuticals, and agribusiness, Mbire's influence extends to his roles on the boards of Invesco (Uganda) Limited, MTN Uganda Limited, and Rift Valley Railways, among others.

6. Sikander Lalani: $300 Million

Sikander Lalani, a former histopathologist turned businessman, ranks among Uganda's wealthiest with a net worth of approximately $300 million. As the managing director of Roofings Group, Lalani's entrepreneurial journey began with a retail electronics store in Rwanda, later expanding into the distribution of Goodyear tires. Lalani's resilience led to the establishment of Roofings Group, a leading manufacturer of roofing materials in Uganda.

7. Aaron Mukooza: $200 Million

Entrepreneur and investor Aaron Mukooza boasts a net worth of $200 million, making him one of Uganda's prominent millionaires. His extensive investments span the media and banking sectors, contributing to his significant wealth. Mukooza's influence as a key investor has played a pivotal role in shaping Uganda's economic landscape.

8. Gordon Wavamunno: $100 Million

Gordon Wavamunno, a philanthropist and entrepreneur, holds an estimated net worth of $100 million. Known for owning Spear Motors Uganda, the sole distributor of Mercedes-Benz in Uganda, Wavamunno's business ventures include authorized jeep, Dodge, and Chrysler automobiles, as well as Deutz Fahr tractors and farm machinery. Beyond business, he has served as the honorary consul of Hungary to Uganda.

9. Patrick Bitature: $100 Million

Patrick Bitature, an accomplished author, entrepreneur, and businessman, boasts a net worth of $100 million. As the CEO of Simba Group of Companies, Bitature's ventures span telecoms, properties, power generation, agro-business, mining, tourism, and media. His board memberships include notable companies such as Umeme Uganda Limited and Mulago National Referral Hospital.

10. Mukesh Shukla: $100 Million

Mukesh Shukla, a politician, entrepreneur, and businessman, holds a net worth of $100 million. As the founder and CEO of the Shumuk Group, his diverse business portfolio includes kitchenware, a milk processing plant, money lending, stock exchange bureau, commercial buildings, and hotels. The Shukla Family's business legacy dates back to 1939, with Mukesh's leadership contributing to the group's continued success.

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