This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. Simeon Nyachae is a famous businessman and politician who has accumulated a good amount of wealth during his days in government. The musician turned politician is arguably one of the richest musicians in Uganda. The Alliance High and the University of Nairobi alumnus is one of Kenya's richest MPs worth millions. He has multiplied his stake in Kampalas CBD in the past couple of years and owns Namanda, Cooper complex, Cornerstone, Discount mall, Shamba complex, Shauriyako, Ggagawala, Namayiba bus terminal, Gwanda mall Kisenyi, Superior complex, New Arua park complex, he has a street in Nabugabo, and has over 40 construction sites in Kampala, plus over 400 acres of land in Kisenyi area. Mohamed Ali is Nyali Constituency's member of parliament. "All Government remunerations should be . He is one of those that put their focus on the communication sector in the country. A fast-growing economic situation in the country has contributed to the many investments carried by Ugandans, thereby growing the economy very fast. Mwesigwa also alleges that the opposition party owns a series of drones which they Several NUP supporters have been arrested on various allegations, and some are still in Monitor in a story published last week alleged that Mpuuga had held high-level behind Bobi however dismissed reports of negotiations between the NRM Gov't and the Opposition, and in his letter to the Minister of Justice, Bank of Uganda and the Attorney Daily Express is Uganda's number one source for breaking news, National news, policy analytical stories, e-buzz, sports, and general news. He worked with his older brother in the early 1990s until he started his first company called Pan Afric Commodities, which is also a commodities trading company. Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. As an MP and chancellor, Mr Sunak's government salary is 151,649. But before entering politics, he was a partner at two highly-profitable hedge funds and is now thought to be one of the richest. 2 Dec . As a result, we analyzed and formulated a comprehensive list of the richest musicians in Uganda from 2021 to 2022, Forbes. Today he is the Co-founder and CEO of Mara Group which deals in IT services, real estates and Agricultures, he is also the Co-founder of Atlas Mara which is in partnership with Bob Diamond, a company that invests in commercial banking institutions in Africa, in 2013 both Ashish and Bob Diamond managed to raise $325 million in funding. Mohamed Ali Hon. Karim Hirjis wealth was affected by the Covid19 pandemic owing to his investments in the hospitality industry. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. Even though there have been numerous contradictions to the absence of corrupt politicians in the political system of the country, there still exists some that acquire their wealth using their creativity. Sudhir Ruparelia has sat on top of Uganda's rich list for a long time. Occupying the ninth position on the list of richest men in Uganda is Mukesh Shukla. Under the leadership President Yoweri Museveni, these people have amassed large . Do you have a story in your community or an opinion to share with us: Email us at, Presidents Museveni, Ramaphosa call for increase in trade between Uganda and South Africa, Rwenzori young people tipped off about youth-friendly services, MPs question Shs57 billion payment to US company, MPs approve Budget Framework Paper in readiness for Financial Year 2022/23 Budget. Representing Lanwo County, Onek is one of the major investors in the country that have eyes on buildings and hotels. Bobi Wine is the richest Ugandan musician in 2022, with an estimated net worth of $12 million. Currently, he is the chairman and a majority shareholder in the Aya Group of companies. Afterward, he bought one of Sudhir Ruparelias milling machines from Premiere Mills. The book has also been voted as the best book of the year in the area of Business Motivation. Albert is a young entrepreneur and a billionaire, the founder of the private limited logistics company in Uganda known as Kenlloyd Logistics, Albert who is also married to Sam Kuteesas daughter Ishta Kuteesa, was also appointed by a German logistics company called DB Schenker as their country exclusive representative, a real estate dealer and also a majority shareholder of Pioneer Easy Bus. This is an elite group of executives that advise Ugandas President on how to improve the countrys competitiveness and economic climate. 8.Sikander Lalani - $300 Million Sikander happens to be one of the oldest Ugandan entrepreneurs. She is also one of the property moguls in Kampala. He was also awarded an honorary doctorate from Makerere University. In the early 1990s, he worked with his elder brother until when he founded his first company called Pan Afric Commodities, which is also a commodities trading company. Known as a landlocked country in the East-Central of Africa, Uganda is a country known for exporting needed materials like coffee, fish, maize, cement, tobacco, sugar, hides and skins, cocoa beans, and a host of others. Karim Hirji is a Ugandan entrepreneur, hotel owner, and businessman. She has been in the political system since 1989. Some of his businesses have subsidiaries not just in Uganda but also in Kenya, and Tanzania. Alykhans paternal grandfather, Ali Mohamed Karmali, was an entrepreneur of Indian heritage who immigrated to Uganda in 1904. According to Wikipedia, Haruna Ssentongo, is one of the richest people in Uganda, and is said to be worth USD 420 million. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. Ranking number one on the top ten list of richest men in Uganda is the founder, CEO, and major shareholder of Ruparelias Group of Companies, Sudhir Ruparelia. Among the richest MPs in India, Ravindra Kishore Sinha, popularly known as RK Sinha was born on 22 September 1951 in Buxar, Bihar in India. He occupied the seat after defeating President Yoweri Museveni in the parliamentary election. Net Worth 2022 - $900,000. Here is the list of the top 10 richest people in Uganda Advertisement John Bosco Muwonge Drake Lubega Sudhir Ruparelia Mukwano Karim Hirji Kitandwe Tom Hamis Kiggundu Christine Nabukeera John Sebalamu Haruna Sentongo Richest man in Uganda Read the full list of the 10 wealthiest people in Uganda. Zambia. TORY rising star Jacob Rees-Mogg is one of parliament's richest MPs - raking in 1million this year, it has been revealed. Occupying the first position in the list of richest politicians in Uganda is Thomas Tayebwa, who is the MP representing Ruhinda North County in Mitooma District. He was born on October 25, 1974. He was also accused in 2011 for receiving bribes as kickbacks from an Irish Oil firm known as Tullow Oil. He definitely has numerous sources of income. 10. Net Worth 2022 - $620,000. Mr. Mbire has made his wealth by investing in diverse sectors. With a current net worth of $910 million, Pastor Kakande has heavily invested in agriculture. He was also honored with an honorary doctorate degree from Makerere University. Bharti Airtel Limited, an Indian company, is the parent company of Airtel Uganda Limited. After leaving medicine in the early years of the 1970s, he established a retail electronics store that specializes in buying and selling Philips Brand in Kigali, Rwanda. 1. [1][2], Compiled here is a list of individuals in Uganda whose accumulated assets are known to be markedly above the rest of the individuals in the country. The richest and wealthiest MPS and politicians Contents General Salim Saleh President Museveni Sam Kuteesa Thomas Tayebwa John Chrysestom Muyingo Bobi Wine Rebecca Kadaga General Salim Saleh Although not involved in elective politics General Salim Saleh is the richest politician in Uganda as he once served as state Minister. Mugisha is a young billionaire owning a public relations company known asTerp Consult which has got several lucrative contracts from the government, the major one being the US$1 million Gifted By Nature CNNmarketing campaign. Born in Uganda in 1965, he is the youngest of three children in the family. Just like John, Sam also doubles as the MP representing Mawogola County in Sembabule District and also the Minister for Foreign Affairs in the country. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. Under his tenure, the Mukwano Group Initiative maintains 36.5 percent shareholding. Muwonge is an allusive billionaire who is rarely seen in public. However, Newslex point research team analyzed a few successful young men in Uganda who have managed to become their own bosses by creating their own businesses, they are truly innovative and inspirational young entrepreneurs in the country with multi-billions. Universities, schools, real estate, animal skins and hides, hospitality. MP) representing Kyaddondo East Constituency in Wakiso district of Uganda. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. Ruparelia was also appointed Honorary Consul of the Republic of Nepal to Uganda, by Bidhya Devi Bhandari, the president of Nepal in 2020. Zambeef is one of the richest and most successful companies in Zambia with over 195 outlets in Africa, employing 7,000 people. List of wealthiest men in Uganda. 11.Sembule Family- They own Sembule Steel Rolling . (Bloomberg) -- Billionaire investor Marc Lasry has reached a deal to sell his stake in the Milwaukee Bucks to Jimmy and Dee Haslam, owners of the National Football League's Cleveland Browns, according to a person familiar with the matter.Most Read from BloombergElon Musk Regains His Spot as the World's Richest PersonNigeria Latest: Tinubu Wins in Six States; Obi Takes ThreeTD Bank to Pay . Sudhir Ruparelia is married to Jyostna since 1977 and they are blessed with three children. The JD (U) leader's movable assets are worth Rs 4,043.48 crore and immovable assets are . The hotel is the biggest hotel in the whole Northern part of Uganda. Known as a renowned and fortunate tycoon, Sudhir Ruparelia occupies the first position in the list of richest men in Uganda. Haruna and his brother Hamis are young businessmen who have used their family business experience to invest wisely and grow their wealth. As a Ugandan business tycoon and investor, he has made huge investments in sectors such as real estate, manufacturing, transportation, and many others. In 2014, Galla won the seat by a margin of 69,111 votes. This has significantly added to the improvement of the economic condition of the country. Given birth to in 1976, Mohammed Hamid was the second richest African under the age of 40 after Mohammed Dewji, who is a Tanzania. Required fields are marked *. Here is a list of members of parliament in the eleventh Parliament of Uganda (2021 to 2026) and their respective phone contacts. Kiggundu was honored with an award in 2018 for his book, Success and Failure Based on Reason and Reality. Billionaire who is rarely seen in public book richest mps in uganda the economic condition of the economic of! 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