Ugandan Billionaire Dr Sudhir Ruparelia, the founder and chairman of Ruparelia Group is again on top of the list of wealthiest moguls in Uganda, according to the latest rankings of 2024 richest entrepreneurs from the East African country.
The ranked top 10 business magnates whose fortunes are as grand as the Rwenzori Mountains share a wholesome of Uganda’s capital Kampala, but what propels them to the zenith of prosperity in 2024? Let’s read on
These moguls own a wide array of huge enterprises which employ a vast number of Ugandans, hence helping the country to defuse unemployment pressure, and perpetuating beauty to the lives of many Ugandans by offering them jobs, hence earning means of livelihood. Some of these employees have used part of their salaries to start their ventures, widening the country’s industrial base.
Important still, huge ventures owned by these high-end entrepreneurs pay significant amounts of taxes to the government, hence widening the state’s source of revenue.
2024 Top 10 Wealthiest Entrepreneurs in Uganda:
- Sudhir Ruparelia – $1.35B (68 years old) – Ruparelia Group – Diversified
- Mayur Madhvani – $1.2B (64 years old) – Madhvani Group – Real Estate, Manufacturing
- Alykhan Karmali – $1.15B (56 years old) – Mukwano Group – Real Estate, Manufacturing
- John Bosco Muwonge – $1.13B (63 years old) – Shamba – Real Estate, Manufacturing
- Hamis Kiggundu – $1.02B (40 years old) – Ham Group – Diversified
- Karim Hirji – $925M (73 years old) – Imperial Group, Dembe – Diversified
- Charles Mbire – $845M (65 years old) – Invesco, MTN – Diversified
- Imperial, Dembe – $670M (63 years old) – Simba Group – Diversified
- Omar Ahmed Mandela – $550M (64 years old) – Mandela Group – Diversified
- Sikander Lalani – $405M (79 years old) – Roofings Group – Building Materials