RICHEST PEOPLE IN UGANDA AND THEIR NET WORTH ACCORDING TO FORBES

RICHEST PEOPLE IN UGANDA AND THEIR NET WORTH ACCORDING TO FORBES

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RICHEST PEOPLE IN UGANDA

Do you know the Richest people in Uganda ? Well here is the list of wealthiest and most powerful families in Uganda. Most of the people are not native Ugandans as the list is filled up with Ugandan Indians.

1.Sudhir Ruparelia-He is the richest person in Uganda and East Africa according to Forbes. He estimated to be worth $1.2 Billion. He started his business with $25 000 dollars which he had saved from working on casual jobs in the UK. His investments are mainly in the areas of banking, insurance, education, broadcasting, real estate, hotels and resorts.He is Uganda Millionaire if not billionaire.

2. Karim Hirji-He is the second richest person in Uganda and is also from the Indian descent. He is the man behind Dembe group of companies which owns Dembe FM. Karim Hirji is estimated to be worth $750 million. Dembe group of companies also owns  Imperial group of hotels. He is a Uganda Millionaire for sure

3. Alykhan Karmali ( mukwano family)-He is the man behind Mukwano group of companies.They are among richest people in uganda. He is estimated to be worth $700 million according to Forbes. He has invested heavily in manufacturing and banking and owns 36.5% share holding of Exim bank Uganda.

hey have invested heavily in cotton, tea and coffee. The company name came from their founding father’s closeness with the people who called him “Mukwano Gwa Bangi” loosely meaning “friend of the masses” hence the name Mukwano. Mukwano has a group of factories that manufacture soap, toilet paper, process Tea leaves and many other products. They have expanded their business to Rwanda, Kenya, Burundi among other nations. Money flows in this family like the river Nile from Uganda to Egypt.

4. Mohammed Hamid  –At 40 years old, he is one of youngest wealthiest people in Uganda. He the founder of the Aya group and is estimated to be worth $ 400m. He has invested heavily in manufacturing, real estate and transportation. His company Aya investments constructed Hilton Hotel Kampala. he finds himself among richest people in Uganda on merit

5. Charles Mbire-He is the richest native Uganda in the list. The business magnet has invested in telecommunications, finance, energy, real estate, pharmaceuticals, agribusiness, and transportation. He estimated to be worth $350 million. He is one of the richest people in Uganda who control Uganda proceedings.

6. Sikander Lalani-He is the man behind Roofing groups. His investments are mainly focused in manufacturing. He started his entrepreneurial  journey in 1976 where he was the sole distributor of the Philips brand of electronics. His net worth  is $300 million. He is one of the richest people in kenya

7. Aaron M Mukooza-Not so much is known about him but he is estimated to be worth $200 million with investments in banking and media.Aaron is among the richest people in Uganda

8. Gordon Wavamunno-Gordon Wavamunno is the brains behind spear motors. He is also the owner spear house on Jinja road. His money mainly comes from automobile. He is estimated to be worth $100 million.

9. Mukesh Shukla –He is the owner of Shumuk group of companies which has specialized in aluminium cooking utensils. He is also estimated to be worth $100 million.

10. Patrick Bitature-He is the chairman of Simba Telcom Ltd which is a franchise of MTN Uganda. Simba Telcom is the largest selller of MTN airtime in Uganda. Simba telcom also owns Kampala Pretoria hotel. Patrick Bitature net worth is $100 million. He is in top 10 richest people in Uganda

11.Sembule Family-They own Sembule Steel Rolling mills. They started from humble beginnings back in 1971. Founded by Christpher C. Sembuya and Lt Henry W. Buwule. The two were siblings. Their company has overtime become one of the leading wire-nail manufacturing companies in the country. They are also into banking, electronics, and insurance among others. After 30 years in the business, they have amassed so much wealth. In 2014, they got a bailout from government when business was not going on well. He cannot therefore Miss among the richest people in Uganda

11. Sembule Family -They own Sembule Steel Rolling mills. They started from humble beginnings back in 1971. Founded by Christpher C. Sembuya and Lt Henry W. Buwule. The two were siblings. Their company has overtime become one of the leading wire-nail manufacturing companies in the country. They are also into banking, electronics, and insurance among others. After 30 years in the business, they have amassed so much wealth. In 2014, they got a bailout from government when business was not going on well.

12. Hajji Mutaasa Kafeero family-Hajji Mutasa’s wealth is estimated at a total of 20 Million USD. He is a Ugandan businessman from Bushenyi. He attended school at his father’s Primary School. Mutasa owns several arcades in the city including Mutasa Kafero Mall, Zainab Azia Emporium. He is also the owner of Hotel Triangle. He also owns several other properties in the city and in Jinja.

Hajji Mutaasa Kafeero family Hajji Mutasa’s wealth is estimated at a total of 20 Million USD. He is a Ugandan businessman from Bushenyi. He attended school at his father’s Primary School. Mutasa owns several arcades in the city including Mutasa Kafero Mall, Zainab Azia Emporium. He is also the owner of Hotel Triangle. He also owns several other properties in the city and in Jinja.

They are among the richest families/people in Kenya.
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