In thirty-sixth spot is the BSP's Rakesh Pandey. Required fields are marked *. Afterward, it grew into Dembe Enterprise, which eventually advanced to become the Dembe Group of Companies. 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. (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 . As a result, we analyzed and formulated a comprehensive list of the richest musicians in Uganda from 2021 to 2022, Forbes. University, hospitals, real estate, healthcare, health insurance, ambulances, hotels, Hotels, flour milling, transportation, international trade, bakery, mining, Shumuk Group of companies, real estate, aluminum recycling, hotels, Telecommunications, electricity generation, banking, insurance, hotels, resorts, ranching, real estate, Transportation, construction, telecommunications, real estate, This page was last edited on 2 March 2023, at 01:43. The per capita income in Uganda in 1999 was approximately US$650 annually. Known as a renowned and fortunate tycoon, Sudhir Ruparelia occupies the first position in the list of richest men in Uganda. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. Ragga Dee He is one of the Veteran musicians in Uganda. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. President Yoweri Kgauta is the second richest politician in Uganda second to only his Younger brother. 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. 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. Contacts of Mps in the 11th by Daily Express Charles Magezi Mbire is an entrepreneur, businessman, and industrialist. The outspoken young tycoon is said to be collecting not less than USD1 million a month. 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. John Muyingo is the Director of Seeta School which are the most prestigious High school in Uganda with over Four Campuses in Seeta main, Seeta Gree, Forest Hill and Seeta Mbalala Campus. One of the oldest entrepreneurs in the history of Uganda is Sikander Lalani. He was appointed as the Attorney General in the country by Museveni. A Subsidiary of Daily Express Media Ltd. 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[1] [2] Compiled here is a list of individuals in Uganda whose accumulated assets are known to be markedly above the rest of the individuals in the country. 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. He won the seat on an independent ticket and has served the people remarkably well. (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? He came into the parliament in 2016 as a rich individual. Being a well-trained lawyer and businessman, Thomas was a business partner to Caesar Augustine Mulenga, who is also a business tycoon and the founder of the Mulenga Development Kingdom. The Ugandan Businessman was the second richest African under 40 in 2015, according to Forbes, following Tanzanian multimillionaire, Mohammed Dewji. Given birth to in Kabatoro, Sudhir Ruparelia comes from an upper-middle-class Indian Gujarati family. Ronald Mayinja. It is a major belief in Uganda that he harnessed many of his profits from investments and the ability to use his creative mind. 8.Sikander Lalani - $300 Million Sikander happens to be one of the oldest Ugandan entrepreneurs. Carl Irwin was a co-founder of Zambeef and was a joint CEO for over 23 years at the multi-national conglomerate. Uganda Breweries Ltd. Another rich individual that joined the political system just for fun because of his former richness is William Byaruhanga. According to Forbes, he has a net worth of $900 million. Jayadev Galla is the fifth richest MP in the 17th Lok Sabha with a declared asset of over Rs 305 crores. Top 7 Richest politicians and MPs in Uganda. The 15 Richest Families In Uganda 2023. Recently, he was involved in a case where he was alleged to have collected the sum of 500,000 Dollars from a foreign investor. Source: Roofing sheets. Bharti Airtel Limited, an Indian company, is the parent company of Airtel Uganda Limited. 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. The tenth person in this list of the top ten richest men in Ghana is Nana Akufo-Addo. 10/10. Being a businessman, entrepreneur, and industrialist, Alykhan Kharmi served as a non-executive director of Exim Bank which is a commercial bank in Uganda. Analysts say Haruna strategy has been to turn Mengo Kisenyi into a premier business center. Net Worth 2022 - $900,000. Sudhir Ruparelia With a current net worth of $910 million, Pastor Kakande has heavily invested in agriculture. This has increased the fame of the country from a global view. Hamis has invested in real estate, agro-processing, education, and technology among others. He was elected from Belgaum in Karnataka and is worth Rs 16.4 crore. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. Top 7 Richest politicians and MPs in Uganda. Sudhir Ruparelia Sudhir Ruparelia has sat on top of Uganda's rich list for a long time. Some of his businesses have subsidiaries not just in Uganda but also in Kenya, and Tanzania. Your email address will not be published. Do you have a story or an opinion to share? Today, there are numerous churches available for worship in Uganda. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. He also owns a logistics firm, an import products firm, and the Ugandan Europcar franchise. He occupied the seat after defeating President Yoweri Museveni in the parliamentary election. A fast-growing economic situation in the country has contributed to the many investments carried by Ugandans, thereby growing the economy very fast. Amos Nzeyi is a well-known Ugandan entrepreneur, businessman, and manufacturer. She is the second rich female politician in the country after Rebecca. 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. However, Museveni currently accused Voice of Lango of de-popularizing the NRM government in which he is a strong member. List of wealthiest men in Uganda. As of January 2012, he was said to be the richest native Ugandan, with a net worth of more than $200 million. 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. The names are arranged alphabetically, using the first name to select rank. This investment has been known for driving a huge amount of money into Johns bank account. 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. 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. Nakumatt was one of the largest privately-owned supermarkets in Kenya, Uganda, Tanzania, and Rwanda, which has more than 7,000 people in its paid list and with annual sales of well over US$650 million. The richest and wealthiest MPS and politicians Contents General Salim Saleh President Museveni Sam Kuteesa Thomas Tayebwa John Chrysestom Muyingo Bobi Wine Rebecca Kadaga General Salim Saleh Although not involved in elective politics General Salim Saleh is the richest politician in Uganda as he once served as state Minister. Also, Ruparelia was the wealthiest person in Uganda in 2019, according to Forbes. 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. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. He also owns a couple of expensive cars including a hummer and Mercedes Benzes. With a net worth of approximately $300 million, he is one of the richest people in Uganda. MP) representing Kyaddondo East Constituency in Wakiso district of Uganda. Sudhir has maintained his Forbes net worth of USD 1.2 billion. He is worth USD1 billion. Miraj is one of Ugandas youngest billionaires managing three different family businesses such as Tirupati Development, Tulip Consultancy, Virat Alloys and the recently acquired Sembule Steel Mills. But before entering politics, he was a partner at two highly-profitable hedge funds and is now thought to be one of the richest. He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. This is mainly because of his behavior towards tackling unemployment in the country. He is in top 10 richest people in Uganda. (adsbygoogle = window.adsbygoogle || []).push({}); Top 10 Richest Politicians In Uganda 2021, 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. When genocide erupted in Rwanda in 1994, he fled to Tanzania. However, many backbench MPs. Nana Akufo-Addo - Net Worth: $250 Million Dollars. Additionally, the growing economic condition provides numerous employment opportunities for the youths of the country. Under the aegis of Mukwano Family, Alykhan Kharmali has claimed a notable position amidst the richest Ugandans, especially as he remains the main force behind one of Uganda's famous companies. Among the richest MPs in India, Ravindra Kishore Sinha, popularly known as RK Sinha was born on 22 September 1951 in Buxar, Bihar in India. Simeon Nyachae is a famous businessman and politician who has accumulated a good amount of wealth during his days in government. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. 1. During his tenure as the non-executive director of Exim Bank, Alykhan has helped the company to maintain an impressive 36.5% share gilding. Simba Telcom is the largest selller of MTN airtime in Uganda. Today Uganda has got many billionaires including the likes of Sudhir Ruparelia, Wavamuno, Basajjabalaba and many others, the youth have also fought for themselves by creating jobs and others through various annual inspirational brain-storming programmes such as the Pakasa forum etc, I am telling you if you happen to attend any of these programmes, you will learn how to make money and it will widen your mind. Mbire then moved on to Leicester University in the United Kingdom where he earned a Master of Business Administration degree. But perhaps his most important project at the moment is the reconstruction of the Nakivubo War Memorial Stadium. Mohammed Al-Amoudi is an Ethiopian businessman who has become one of the richest people in the world. Richest Women in Uganda. Under the leadership President Yoweri Museveni, these people have amassed large . This has been linked to the numerous opportunities available in the country. Given birth to in 1976, Mohammed Hamid was the second richest African under the age of 40 after Mohammed Dewji, who is a Tanzania. Additionally, the number of rich individuals in the country has increased over the past years. That is far higher than what is paid to most European countries' MPs, including Uganda's major funding countries like the UK . In 2010, he was chairman of the Uganda Securities Exchange. Later, he founded FIFI Transport Uganda Limited, which later became Panafric Transport. He successfully sought a $1 million loan from the World Bank with the help of the Rwanda Development Bank. He is also one of those that derive most of their wealth from the political arena. The JD (U) leader's movable assets are worth Rs 4,043.48 crore and immovable assets are . Hakainde Hichilema is number one on this list for Richest Zambian Politicians, currently working on the University project to cost over $80 million, having a net worth estimated to be about $1.0 billion dollars. According to Wikipedia, Haruna Ssentongo, is one of the richest people in Uganda, and is said to be worth USD 420 million. With net assets of Rs 338 crore (Rs 3.38 billion), Doddaalahalli Kempegowda Suresh, better known as D K Suresh, is the only Congress member from Karnataka and the third richest MP. Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. The controversial preacher is said to be the richest pastor in Africa with an . The last two years have disrupted many things including the wealth of the rich class. He is the current chairman of Crown Beverages Limiteds board of directors. The 2022 wealthy list released by top analysts favours those who invested in technology, real estate, health, food, logistics etc. He is an industrialist and owner of . The book has also been voted as the best book of the year in the area of Business Motivation. With a net worth of over $1 billion, he is the second richest man in Uganda today. He is one of the youngest billionaires in Uganda holding a Bachelors degree in sociology from Makerere University, he is one of the Co- founders ofPepper Publications ( Red Pepper, Entasi, Kamunye ) aswell as Juice FM, besides, Arinaitwe is also one of the directors of a finance institution called Synod Investments. Geoffrey Lutaaya. 7. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. In fact, some of her citizens on the list of richest men in Uganda occupy some position in the Forbes List of rich individuals in the World. Although he is no longer in service of the government, he is very wealthy. However, the contributing factor is not only the fund generation by the Government. Besides, Hirji was a renowned car racing driver in the 1970s. Lalani is the founder of Roofings Group, the largest manufacturer of steel construction materials in Uganda with installed production capacity of 72,000 . Lalani is the chairman and CEO of Roofings Group, which is Ugandas largest maker of construction steel materials. Charge Faster and Play More with the new P38 Pro. The unlikely social media star owns a 15 per cent stake in a capital . He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. Pastor Joseph Sserwadda is currently the 2nd wealthiest Pastor in UG. 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. 2. Alykhan Kharmi is considered a notable individual in Uganda under the aegis of the Mukwano Family. His net worth was about $1.2 billion as of 2019. He is the leader in Private High school education in the entire country with a chain of schools. Also Read:10 Successful African Entrepreneurs With Amazing Beginnings. Moreover, businessman Nzeyi owns a stake at Crown Beverages Limited, Hot Loaf Bakery, White Horse Inn, National Bank of Commerce, and Nandos Restaurant. He is one of Ugandas richest businessmen. Unsurprisingly, he has decided not to fully engage in the political situation in 2021. The current list of wealthiest politicians in Uganda. The Alliance High and the University of Nairobi alumnus is one of Kenya's richest MPs worth millions. This is a private university in Kampala, Ugandas capital city. Being an Uganda businessman, entrepreneur, industrialist, and histopathologist in Uganda, Sikander was given birth to on the 4. of October, 1944 in Nsambya Hospital, Uganda. Muwonge could be valued at usd1.8 billion. Bob Kabonero is a Ugandan businessman and entrepreneur. He is the chairman and principal stakeholder of the Ruparelia Group's firms. A radio station, an automobile dealership, a finance and insurance firm, an amusement park, and the Imperial Hotels Group are all part of this conglomerate. Stanley Githunguri. Sudhir Ruparelia. Unfortunately, Crane Bank, which is Ruparelia Groups largest affiliate, faced a major fall in capital in 2016. Karim Hirjis wealth was affected by the Covid19 pandemic owing to his investments in the hospitality industry. The hotel is the biggest hotel in the whole Northern part of Uganda. 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. Sikander Lalani is a Ugandan entrepreneur, industrialist, and former histopathologist. The company is usually regarded as Ugandas biggest seller of MTN airtime. Harnessed many of his profits from investments and the Ugandan businessman was wealthiest... 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