Did you know that Uganda has its fair share of millionaires and billionaires? Check out this list of the top 10 richest people in Uganda and find out who they are!
10. Patrick Bitature
Patrick Bitature is a businessperson, entrepreneur, and writer who commands a net worth of $100 million. He is the group CEO, chairman, and founder of the Simba Group of companies that started its operations in 1978.
The Simba Group’s portfolio includes a wide variety of businesses in real estate, telecommunications, power production, mining, tourism, and media. Some of its noteworthy establishments are Protea Hotel, Simba Mining Ltd., Simba Dairy Farm, and Tororo Solar Power Station.
9. Gordon Wavamunno
Gordon Wavamunno is a businessperson with a variety of investments in various sectors, all of which have contributed to him having a net worth of $100 million. Some of his businesses include Wavah Water Ltd., Wavah FM, and GM Tumpeco Ltd.
This millionaire financed the establishment of Spear Motors, the sole dealer for Mercedes Benz, Jeep, Chrysler, and Dodge vehicles and spare parts in Uganda.
8. Aaron Mukooza
Aaron Mukooza is one of the top 10 richest people in Uganda. He currently has a net worth of $ 200 million.
This investor has significant interests in the banking industry and media.
7. Sikander Lalani
Sikander Lalani, a physician turned businessman, is one of the older entrepreneurs in Uganda. He started his business journey as a dealer in an electronics store, buying and selling Phillips products.
This well-established entrepreneur has set up a group of three different steel-making factories in Uganda over the past 20 years. His current net worth amounts to $300 million.
6. Charles Mbire
Charles Mbire is a Ugandan entrepreneur who is worth $400 million. He has interests in energy, real estate, agriculture, transportation, pharmaceuticals, and financial services.
This millionaire is also the founder and board member of several businesses in Uganda, including Bomi Holdings Ltd., Afro Alpine Pharma Limited, Polino Holdings Ltd, and MTN Communication Uganda Limited.
5. Alykhan Karmali
Alykhan Karmali, with a net worth of $900 million, is a businessman, entrepreneur, philanthropist, and industrialist.
He is the general manager of Mukwnao Industries Uganda Ltd (part of the Mukwano Group), having inherited the business from his father Amirali in 1995.
4. Drake Lubega
Drake Lubega is a Ugandan entrepreneur who owns several buildings and businesses in Kampala. He is also the majority owner of Jesco Industries Limited (JIL), which was established in October 2005.
Among the assets that contribute to his net worth of $900 million are Totali Building, Kikuubo Buildings, Qualicel Bus Terminal, and Bwebajja Elite Secondary School.
3. Mohammed Hamid
Mohammed Hamid is another of the top 10 richest people in Uganda. He has a net worth of $1 billion and is one of the youngest billionaires in Uganda.
He is the chairperson and largest shareholder of the Aya Group of Companies. This group of companies deals in transportation, manufacturing, and real estate.
Hamid also owns Panafric Transport, a major transporter in the East and Central Africa region.
2. Sudhir Ruparelia
Sudhir Ruparelia is the founder, CEO, and largest shareholder of the Ruparelia Group. Despite having started his business with only $25,000, his net worth has now grown to $1.2 billion.
The Ruparelia Group has interests in media, banking, real estate insurance, agriculture, hospitality, and education.
1. John Bosco Muwonge
John Bosco Muwonge is a businessperson in Kampala. His net worth is currently $1.8 billion.
Some of his interests include Namanga, Cooper, and Cornerstone complexes, as well as Discount Mall, Shamba Complex, and Namayiba Bus Terminal. He also owns more than 400 acres of land in the Kisneyi area.
Don’t let this list fool you – becoming one of the top 10 richest people in Uganda is not a walk in the park. You have to work extra hard to earn millionaire status!
