Uganda News Picks brings you the list of the most richest men in Uganda.They count their wealth in billions,they do not know inflation nor can they threatened with the high cost of living.
Most of them are in the City tycoons group called Kwagalana. They have invested a lot in apartments and their businesses are based on their own lands.They have businesses country wide and outside Uganda.
Though none of these men can be the richest person in Africa, we are very sure that they can make it to the list of the richest Africans or the list of the richest people in Africa
1. Sudhir Ruperalia
He owns various businesses in Kampala grouped under Ruperelia Group of Companies. These businesses include Banks, Hotels, Forex bureaus, schools among others.
He owns Crane Chambers on Kampala Road, City House on Luwum/William, Raja Chambers, Baumann House, Development House on Parliamentary Avenue, Platinum House on Market Street and Club Sway on Kampala Road. Speke Resort Munyonyo, Kabira Country Club, Speke Hotel on Nile Avenue and Tourist Hotel on Dastur Street. Crane Bank, Crane Forex Bureau, Meera Investments and Gold Trust Insurance Company are all his. Sudhir also owns Rosebud, Kabira International School and Kampala Parents School .
2. Francis Drake Lubega
He started with selling clothes, and grinding posho which he used to sell to UPDF. He then started importing various goods from foreign countries. He owns Jesco company and has over 10 arcades in the city center which include ; Energy Centre, Jesco Plaza on Wilson road and Namirembe Road, Qualicell Plaza, Bus Terminal, Qualicell Bus Park, Majestic Plaza, SB Plaza among others. His wealth is valued at sh.265 billion.
Even his own father is unaware of where he gets the money.He comes from a relatively poor family. He left Uganda 13 years ago and returned a millionaire. He is known for showing off his wealth and sponsoring sports activities in the country.He owns five customised Mercedes Benzes as well as the very first Lamborghini in the country.
In 2008 he paid for the Uganda Sports Press Association gala at Hotel Africana,He has also made a lot of mega donations to various activities in the country.He has an estimated fortune of USD$200M
Of the famous Kirumira Towers. , Kirumira rose to wealth and prominence after the NRM ascended power in 1986.He has many businesses assets like the Kirumira towers and several fuel outlets (Shell and Gelp petrol stations).He has also had a lot of influence in Express Football club. He is known for luring players away from his rivals with cash bonuses.His fortune is estimated at USD$10M
He owns Yudaya International company, , Haba Group of Companies, the biggest exporter of hides and skins. He has bought a string of hotels including ;White Horse Inn Kasese, Rena Hotel in Namirembe and Lake View Regency Hotel in Mbarara. He is the owner of Kampala International University which has another branch in Mbarara district and some other branches outside Uganda.He owns a lot of cars both personal and for business.Among the personal cars, some have personalized numberplate.
In 1985 ,he was a Managing Director of Pop-In Industries,became the resident representative of the Hyundai Corporation in Uganda, became chairman of Uganda Inflight Service Limited, In 1998 he became the Chairman of the Board of Directors of MTN Uganda.He entered into a joint venture between MTN (Pty)Ltd, Telia AB (Sweden), Tri-Star SARl and Mbire’s investment company, Invesco (Uganda) Limited.
He is the founder and owner of Nice House of Plastics.He is one of East Africa’s finest Chief Executive Officers (CEO), s in the country and is successful businessmen in Uganda.
Those familiar to him than us say that he was once a bouncer at the then famous Suzana nightclub in Nakulabye several years ago.He later ventured into business in the import-export business.
He later ran a mail order business, exporting wooden combs to Shepherds Bush in the United Kingdom. Mulwana set up Ship Tooth Brush (renamed Nice House of Plastics), the first company to manufacture toothbrushes in Africa,he later expanded it to the manufacture of tableware, packaging and knapsack sprayers. In 1992, he entered a partnership with some German businessmen and established Nsimbe Estates. He has an estimated fortune of USD$30M
Nanji Kalidas Mehta had a humble background but has rose to be placed among the richest people in the country ,He could even match on East African standards and beyond.He came as a young Indian merchant who sailed to East Africa in a country craft nearly a century ago.He is said to to have arrived at port Tanga and moved on foot up to Uganda.
He established a chain of 29 ginneries and plantations. He settled in Lugazi and concentrated on sugar cane growing.
He was one of the first exporters of Uganda’s cotton to Japan and other places which greatly helped in the establishment of the cotton industry in Uganda.
In 10970′s however ,his investments were taken over by the Government during Amin’s economic war (1971-1972), which brought sugar production to near collapse.
However when the storm was over ,the family carried on with the sugar business.
9 .The Mukwano’s
They own the Mukwano Group of Companies, one of the biggest conglomerates in Uganda. It comprises: Mukwano Enterprises Ltd, A.K. Transporters Ltd, A.K. Oils & Fats (U) Ltd, A.K. Plastics (U) Ltd, A.K. Detergent (U) Ltd, Mukwano Sweets & Confectioneries (U) Ltd, Rwenzori Commodities Ltd and Mukwano Forex Bureau Ltd.
Ali Mohamed Karmali, a pioneer Indian Investor came to Uganda in 1904,He became so popular with the locals who later nicknamed him “Mukwano gwa bangi” Where the company derived its name. He developed his businesses in Uganda in the 1960′s but he also faced the wrath of Idi Amin in the 1970′, nevertheless ,he was able to rebuild it in the 1980′s.
He established his businesses as Mukwano Enterprises Ltd., which later expanded to include Mukwano Industries (U) Ltd.
In 1995 Mzee Mukwano handed over the control of the Group to his son, Alykhan Karmali. He now spends most of his time in Fort Portal growing and processing tea for export. Their fortune is estimated at USD$700M
He is the CEO of Capital FM and co-owner of Kenya’s KISS and Classic FM. He owns a mansion and apartments to let in Bugolobi.
11.The Merali Jivraj’s
The family has maintained a name among the wealthy in Uganda.They were based in western Uganda in a rural area called Kikagati. The Merali family amassed large sums of capital in the 1960′S when Uganda was at the peak of mining in western Uganda.
The Meralis still live low profile but are well diversified into the Electronics & I.T sector, construction and property developments. Part of the family is based in the United Kingdom and has diversified into Property, tourism and the health sector. The family has an estimated fortune USD$18M
He owns International Hospital in Namuwongo, it is one of the most successful private hospitals in Uganda.
The Madhvani family, originally from India, has been in business in Uganda for long,but it was expelled from Uganda By Amin in the 1070′s.The family returned in Uganda in the 1080′s.
The group owns two luxury hotels, the Paraa Safari Lodge in northern Uganda , Mweya Safari Lodge in western Uganda, which is an ideal base from which to track mountain gorillas. The group has an estimated fortune of USD$800M
He owns the QG Saatchi and Saatchi advertising business. He also has interests in Cool Graphics, Capital FM and KISS FM in Nairobi.
Other rich Ugandans include BMK whose wealth is valued at sh265 billion, Godfrey Wavamunno among others.