Uganda has witnessed a surge in entrepreneurial activity in recent years, with a growing number of affluent individuals contributing to the country’s economic growth.
These wealthy figures, from natives to children of immigrants, have amassed significant fortunes through their businesses and investments.
Sudhir Ruparelia is Uganda’s richest individual. Born in 1956, he is the founder and chairman of the Ruparelia Group, a massive conglomerate with interests in banking, real estate, insurance, education, and hospitality. He owns a commercial bank, hotels, and other valuable assets.
Drake Lubega is the CEO of Jesco Industries Limited, a major real estate mogul, and the owner of several buildings across Kampala. His net worth continues to grow as his empire expands.
Hamis Kiggundu, a businessman and lawyer, has a net worth of $870 million. He is the CEO of the Ham Group of Companies, a real estate company, and has earned substantial wealth from his books and other investments.
Hajj Omar Ahmed Mandela, known for his hospitality and restaurant empire, is the owner and CEO of CJs Restaurant and the Mandela Group of Companies. His net worth is estimated at $550 million.
Charles Mbire, a businessman and industrialist, is the chairman of MTN Uganda Ltd. He has built his fortune through strategic investments in several companies, including Rift Valley Railways and Ecobank Uganda. His net worth stands at $500 million.
Sikander Lalani is the managing director and CEO of Roofings Group, a steel-manufacturing conglomerate. He has a net worth of $300 million.
Aaron Mukooza, with a net worth of $200 million, is an investor with significant holdings in media and banking, though he keeps the specifics of his investments private.
Gordon Wavamunno, the CEO of Spear Motors Uganda, which is the sole distributor of Mercedes-Benz vehicles in the country, has a net worth of $100 million. He has also made wealth from media, transportation, farming, and other sectors.
Patrick Bitature, founder and CEO of Simba Group of Companies, has a net worth of $100 million. His wealth comes from farming, mining, media, real estate, and travel.
Mukesh Shukla, a businessman and entrepreneur, is the CEO of Shumuk Group, a conglomerate involved in various industries including aluminium manufacturing, real estate, and foreign exchange. His net worth is also $100 million.