Do you have a story in your community or an opinion to share with us: Email us at, Presidents Museveni, Ramaphosa call for increase in trade between Uganda and South Africa, Rwenzori young people tipped off about youth-friendly services, MPs question Shs57 billion payment to US company, MPs approve Budget Framework Paper in readiness for Financial Year 2022/23 Budget. Jyotsna Ruparelia continues to maintain her wealthy status as Uganda's richest woman. He was also honored with an honorary doctorate degree from Makerere University. Helen Adoa is one of the most recognized and famous politicians in Uganda. He is reported to be one of the wealthiest individuals in Uganda, with an estimated net worth of about US$800 million. 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. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. Subsequently, the Bank of Uganda, which governs all banks in the country, took control of Crane Bank in October that year. He was also a member of the Presidential Investor Roundtable. Do you have a story or an opinion to share? However, the contributing factor is not only the fund generation by the Government. Thomas Tayebwa is one of the Richest but Unknown politicians in Uganda. 15. TDP's Galla registered a win over Modugula Venugopala Reddy of the YSRCP in Andhra Pradesh's Guntur by a thin margin of 4,205 votes. 2022 Hard Rock Media. The controversial preacher is said to be the richest pastor in Africa with an . Unfortunately, Crane Bank, which is Ruparelia Groups largest affiliate, faced a major fall in capital in 2016. Adam Becket. Known as a landlocked country in the East-Central of Africa, Uganda is a country known for exporting needed materials like coffee, fish, maize, cement, tobacco, sugar, hides and skins, cocoa beans, and a host of others. Karmali also sat on the board of directors of Exim Bank (Uganda), a commercial bank in which Karmalis Mukwano Group owns a 36.5 percent stake. Sentongo is a young business man owning a multi-billion real estate company known as Haruna Enterprises which includes commercial building in the city such as Haruna Towers in Wandegeya and another one located in Ntinda, one of Kampalas suburbs. 11.Sembule Family- They own Sembule Steel Rolling . Just like the Minister for Higher Education, he has also invested massively in the educational sector and is the owner of Victorious Educational Services and Special Plan Primary School. *********. The Chief Registrar, within the Judiciary, was at the scale of U1S, earning a monthly salary of Shs 4,804,800 which was equal to the counterpart in the Executive or Solicitor General. The property mogul is the chairman and majority shareholder in the companies of the Ruparelia Group. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. In Uganda's 2016 elections, Bebe Cool headlined the campaign trail for president Museveni which earned him millions of cash. Sudhir Ruparelia is currently the richest man in Uganda , with an estimated net worth of USD1. Hon. 8 Things you Didnt know about Kelsey Rodriguez, 8 Things you Didnt know about Charlie Berens, 8 Things You Didnt know about Lydia Violeta, 10 Things You Didnt know about Chandler Hallow, 8 Things You Didnt know about Daddy Simz, 7 Things You Didnt know about Emmason Quaver, 10 Things You Didnt Know About Dr. Ian Clarke, 7 Things You Didnt Know About Jessica Alupo, 8 Things You Didnt know about Sara Maika, 8 Things You Didnt know about Inayah Mcmillan. He is building warehouses for agro produce sales and rents them out. 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. Universities, schools, real estate, animal skins and hides, hospitality. He is an entrepreneur, businessman, and author. Recently, in 2020, he was appointed as an honorary consul of the Republic of Nepal to Uganda by the President of Nepal. He opened a plant in Kigali in 1978 to produce roofing materials. He successfully sought a $1 million loan from the World Bank with the help of the Rwanda Development Bank. She has been in the political system since 1989. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. He was appointed as the Attorney General in the country by Museveni. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. He has also been on the spotlight for promoting homophobia in Uganda. 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. Under the leadership President Yoweri Museveni, these people have amassed large . With a net worth of over $1 billion, he is the second richest man in Uganda today. Patrick Bitature- He is the chairman of Simba Telcom Ltd which is a franchise of MTN Uganda. Here is the list of top 10 Richest Men in Ghana. Bobi Wine is also one of the Richest politicians in Uganda. Mbire then moved on to Leicester University in the United Kingdom where he earned a Master of Business Administration degree. Additionally, he also has two primary sections under the Seeta Junior School and a Kindergarten wing with two other branches. MP and senior opposition leader Ken Lukyamuzi once told Aljazeera that they earn 15 million shillings as basic salary, which is about $6,100 every month. Ranking number one on the top ten list of richest men in Uganda is the founder, CEO, and major shareholder of Ruparelias Group of Companies, Sudhir Ruparelia. Afterward, he bought one of Sudhir Ruparelias milling machines from Premiere Mills. It is said Lubega builds or buys a new building of not less than USD7 million, every 6 months with money he collects from rent. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. Back in 2012, he contested the presidential elections in Ghana but lost the seat of the presidency. Under his tenure, the Mukwano Group Initiative maintains 36.5 percent shareholding. Just like Yeri, she has made massive investments in the educational sector. He is the owner of Protea Hotels East Africa. Lalani is the chairman and CEO of Roofings Group, which is Ugandas largest maker of construction steel materials. Dr. Sudhir Ruparelia. Zambia. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. Mohammed Al Amoudi's net worth is roughly $12.6 Billion dollars. Then, MTN Uganda, which had just debuted in the nation, became a franchisee of the firm. Uganda Breweries Ltd came into existence shortly after World War II in 1946. Pastor Joseph Sserwadda is currently the 2nd wealthiest Pastor in UG. Being an economist, Felix has been in the parliamentary system of Uganda since 1996 and he has been accumulating wealth since then using his economics understanding. (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 . It is a common belief in Uganda that his company is the source of his wealth. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. He is actually a lawyer and a politician. He is the chairman and principal stakeholder of the Ruparelia Group's firms. He occupied the seat after defeating President Yoweri Museveni in the parliamentary election. Nadia Kabahita Mbire is one of only two daughters born to tycoon Charles Mbiire, Uganda's richest indigenous man whose worth is estimated at US$200 million. 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. MP) representing Kyaddondo East Constituency in Wakiso district of Uganda. Banyankole. He has been in the parliament since 1980 and he was the former President of the 69. Sudhir Ruparelia Jayadeva Galla. He was elected from Belgaum in Karnataka and is worth Rs 16.4 crore. He was worth $ 500 million by 2021. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. Contacts of Mps in the 11th by Daily Express Mr. Ruparelia, who was born in 1956, is an Indian-born Ugandan business mogul and investor. Net Worth 2022 - $500,000. Simeon Nyachae is a famous businessman and politician who has accumulated a good amount of wealth during his days in government. He is an industrialist and owner of . Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. Additionally, the number of rich individuals in the country has increased over the past years. He came into the parliament in 2016 as a rich individual. 8. Some of the companies include a milk processing plant, a money-lending business, a foreign exchange bureau, and a host of others. At just 37, Hamis Kiggundu is one of East Africas most revered young entrepreneurs and real estate moguls. Additionally, she is considered as one of the powerful women in the country. 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. The last two years have disrupted many things including the wealth of the rich class. Here comes the media guru by the name Aaron Mukooza, he is one of the richest entrepreneurs in Uganda. 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. Net Worth 2022 - $900,000. He says that's all in the past. Another rich individual that joined the political system just for fun because of his former richness is William Byaruhanga. Furthermore, Bobi Wine has maintained the first position in the list of Forbes richest musician in Uganda from 2018 to 2022. Net Worth 2022 - $700,000. In Uganda today, Sam is considered one of the very few powerful politicians that have harnessed numerous wealth over the years. 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