BREAKING: Sudhir tops Uganda’s 2018 rich list – Forbes

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City businessman Sudhir Ruparelia has again been named the richest Ugandan by Forbes. Mr. Ruparelia is the founder of Ruparelia Group, one of Uganda’s largest conglomerates. The city business man’s empire spans a string of hotels, country clubs and more than 200 commercial properties. He started building his empire in Uganda in 1985 after returning from the United Kingdom, when he went after being expelled from Uganda by then President Idi Amin in 1972 along with the other Asians in the country. Ruparelia began by importing beer and salt from Kenya and subsequently started a foreign exchange bureau. In 2013 he acquired Victoria University, Kampala

According to the list, Karim Hirji, returns as number two while Mr Alykhan Karmali of Mukwano Group is number 3. Other notable names on the list include Charles Mbiire, Gordon Wavamuno, and Patrick Bitature.

RICHEST PEOPLE IN UGANDA 2018 AND THEIR NET WORTH

  1. Sudhir Ruparelia

Through the influence of his massive net worth which hovers around $1.2 billion, Sudhir Ruparelia has emerged into great fame as the wealthiest person in Uganda and in the entirety of East Africa. Moreover, Sudhir Ruparelia is regarded as a renowned and fortunate tycoon who rose from a mere business enterprise which he set up with a meagre sum of $25,000.

As he remains the richest Ugandan, he is largely associated with investment dealings in sectors including real estate, broadcasting, education, insurance, and banking.

  1. Karim Hirji

Regarded as the main force behind the presence of Dembe Group of Companies, Karim Hijri has attained an impressive feat as Uganda’s second wealthiest person. As the Dembe Group of Companies continually thrives through its subsidiaries such as Imperial Group of Hotels, Karim Hijri is declared to be worth $750 million.

  1. Alykhan Kharmali

Under the aegis of Mukwano Family, Alykhan Kharmali has claimed a notable position amidst the richest Ugandans, especially as he remains the main force behind one of Uganda’s famous companies –Mukwano Group of Companies. With his investments largely centred on banking and manufacturing, Alykhan Kharmali is currently worth $700 million.

  1. Mohammed Hamid

Having emerged into Uganda’s class of richest personalities at a youthful age, Mohammed Hamid is considered a fortunate business colleague with huge investments in areas such as transportation, real estate, and manufacturing.

As the owner and originator of the Aya Group, which forms part of Uganda’s thriving companies, Mohammed Hamid’s net worth swirls around $400 million.

  1. Charles Mbiire

Since many of the richest Ugandans are of foreign descent, Charles Mbiire claims a notable position as the wealthiest native Ugandan. With his entire worth valued at $350 million, Mbiire is well known for his diverse business investments which span across transportation, agribusiness, pharmaceuticals, telecommunications, real estate, energy, and finance.

  1. Sikander Lalani

Other than his investment dealings which largely centre on the manufacturing sector, Lalani is the vital force behind the existence of Roofing Groups. Having established himself as an entrepreneur for a very long time, Sikander Lalani has acquired a sum of $300 million as net worth.

  1. Aaron M Mukooza

With regard to his large investments which heavily span across the media together with the banking sector, Mukooza has amassed some net worth valued at $200 million.

  1. Gordon Wavamunno

As the best part of his wealth is believed to have stemmed from his automotive business, Gordon Wavamunno is immensely linked with the ownership of Spear House together with Spear Motors –his automotive company. Meanwhile, he has the sum of $100 million as his overall worth.

  1. Mukesh Shukla

Shukla is reported to have acquired $100 million as net worth mainly from his ownership of Shumuk Group of Companies –a successful company concerned with cooking utensils.

  1. Patrick Bitature

Bitature is a wealthy personage who acquires the largest portion of his money through a giant telecom company, Simba Telcom, which he presides over. As Simba Telcom Ltd is regarded as Uganda’s biggest seller/merchant of MTN airtime, Bitature’s wealth has surged perpetually and as the chairman of the giant telecom company, his current net worth hangs around $100 million.

 

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