Richest People
Top 10 Richest Men In Uganda [2024]
Wondering about the top 10 Richest Men In Uganda? Here is a quick review of the great men who have struggled to the top in Uganda.
Uganda is one of the most developing countries on the continent of Africa. According to the African Development Bank, their Gross domestic product (GDP) grew an estimated 6.3% in 2022, making it one of the most promising countries on the continent. Aside from its wildlife tourist attraction, Uganda is home to some of the richest men on the African continent, hence we have compiled a list of the top 10 richest men in Uganda.
1. Sudhir Ruparelia – $1.2 billion
The chairman and the major shareholder of Ruparelia Group Sudhir Ruparelia with an estimated net worth of $1.2 billion is the richest man in Uganda.
According to his Biography on Wikipedia, Sudhir began his career as a small business owner before establishing Ruparelia Group as a small trading firm in 1985.
The Ruparelia Group has grown to be one of the biggest conglomerates in Uganda, with investments in the areas of banking, insurance, broadcasting, and real estate, among others. He was the first Billionaire in Uganda and the richest person in East Africa.
2. Amos Nzeyi
Amos Nyezi is a businessman, industrialist, and one of the richest men in Uganda, with an estimated net worth of $1 Billion.
As an entrepreneur, Amos Nyezi has founded or co-founded numerous companies such as Crown Beverages Limited, Hot Loaf Bakery, and the National Bank of Commerce.
Besides his Business Interest, Nyezi also served as a member of the board of directors of the Uganda Development Bank. He was also the chairman of the Uganda Manufacturers’ Association and an Honorary Consul for Mauritian in Kampala, Uganda.
3. Karim Hijri – $800 million
Karim Hijri is the one of richest men in Uganda with an estimated $800 million. He is a businessman, regarded as the main force behind the Dembe Group of companies.
Karim began his career as an automobile racing driver before venturing into in textiles and alcoholic beverages trade. This little enterprise ultimately grew into the Hijri Dembe Group of companies, one biggest conglomerates in the country of Uganda.
This Hijri Dembe Group of companies includes an automobile dealership, a radio station, an amusement park, a chain of hotels, finance, and insurance business.
4. Alykhan Kharmali – $700 million
Alykhan Kharmali is a philanthropist, industrialist, entrepreneur, businessman, and one of the richest men in Uganda with an estimated net worth of $700 Million.
He is the managing director of Mukwano Industries Uganda Limited founded in 1986 which includes agriculture, manufacturing, food processing, and transportation.
He was a non-executive director of Exim Bank (Uganda), a commercial bank in which the Mukwano Group maintains a 36.5 percent shareholding.
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5. Charles Mbire – $400 million
Charles Magezi Mbire is an entrepreneur, businessman, industrialist, and one the richest men in Uganda with an estimated net worth of $400 Million.
Mbire is a co-owner of numerous Uganda Companies, in industries like transportation, telecommunications, energy, finance, real estate, pharmaceuticals, and agribusiness. He also serves on the board of directors of numerous companies such as Invesco (Uganda) Limited, MTN Uganda Limited, and Rift Valley Railways among others
Mbire was appointed chairman of the Uganda Securities Exchange in 2010. He is also a member of the Presidential Investor Roundtable, an elite group of businesspeople who advise the President of Uganda on how to improve business competitiveness and business conditions in the country.
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6. Sikander Lalani – $300 million
Sikander Lalani is a former Histopathologist, businessman, industrialist, and one of the richest men in Uganda, with an estimated net worth of $300 Million. He is the MD of Roofing Group Entrepreneur.
Lalani began his business career, after retiring from medicine by opening a retail electronics store in Kigali, Rwanda, in the 1970s, specializing in the Philips brand. Later, he became a distributor of Goodyear tires in Rwanda.
With the assistance of the Rwanda Development Bank, and World Bank, he established Roofings Group, a company, that manufactures roofing material. However, When the Rwanda genocide broke out in 1994, he left Rwanda for Tanzania, eventually ending up in Uganda
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7. Aaron Mukooza – $200 million
Aaron Mukooza is an Entrepreneur, Investor, industrialist, and one of the richest men in Uganda, with an estimated net worth of $200 million.Â
The Ugandan Millionaire is one of the country’s most prominent investors with large investments that heavily span across the media and the banking sector.
Aroon Muzooka’s investment in media and banking has amassed him a net worth valued at $200 million, making him one of the richest men in Uganda.
8. Gordon Wavamunno – $100 million
Gordon Wavamunno born on 16 December 1943 is a Ugandan philanthropist, entrepreneur, the owner of Spear Motors Uganda, and the sole distributor of Mercedes Benz in Uganda. He is one of the richest men in Uganda, with an estimated net worth of $100 million.
Gordon’s Spear Motor Uganda deals in authorized jeep, Dodge, and Chrysler automobiles, and parts together with the distribution of Deutz Fahr tractors and farm machinery. He also owns other companies like GM Tumpeco which makes Ugandan Vehicle number plates, Wavah Water Limited, and Wavah Books Limited.
Before his flourishing Business career, Gordon Wavamunno was the director for WBS Television. He has also He served as the honorary consul of Hungary to Uganda.
9. Patrick Bitature – $100 million
Patrick Bitature is an author, entrepreneur, and businessman from Uganda with a net worth of $100 million, making him one of the richest men in Uganda.
He is the CEO of Simba Group of Companies which is based in East America, a company that started as flagship of a telecom business in 1998. Â It has however grown to a conglomerate of East Africa-based companies spanning telecoms, properties, power generation, agro-business, mining, tourism, and media.
Patrick has also served on the board of various companies, businesses, and foundations in Uganda. Most notable among these appointments include Umeme Uganda Limited and Mulago National Referral Hospital.
10. Mukesh Shukla – $100 million
Mukesh Shukla is a politician entrepreneur and businessman with a net worth of $100 million, making him one of the richest men in Uganda.
He is the founder and Chief executive officer of the Shumuk Group, where he acquired most of his wealth. Businesses run by the conglomerate include a kitchenware brand, a Milk processing plant company, a money lending business, a stock exchange bureau, commerical buildings, and hotels.
The Shukla Family has been in the business of aluminum saucepans since 1939. In 2016Shukla contested but lost for the chairmanship of the ruling National Resistance Movement’s entrepreneurs league against the incumbent, Hassan Basajjabalaba.
Top 10 Richest Men In Uganda with their estimated net worth
| Rank | Name | Net Worth | Source Of Wealth |
| 1 | Sudhir Ruparelia | $1.2 billion | Investor, Business |
| 2 | Amos Nzeyi | $1 billion | Entrepreneur, Investor, Business |
| 3 | Karim Hijri | $800 billion | Business, Entrepreneur, |
| 4 | Alykhan Kharmali | $700 million | Business, Entrepreneur, Industry |
| 9 | Patrick Bitature | $670Â million | Business, Entrepreneur |
| 5 | Charles Mbire | $600 million | Industry, Entrepreneur, Business |
| 6 | Sikander Lalani | $300 million | Business, Industry |
| 7 | Aaron Mukooza | $200 million | Investor, Entrepreneur |
| 8 | Gordon Wavamunno | $100 million | Entrepreneur |
| 10 | Mukesh Shukla | $100 million | Entrepreneur, Business |