Uganda’s wealthiest man Tycoon Sudhir Ruparelia has been ranked among the 20 richest people in Africa with a combined net worth of 1.4 Billion dollars as of 2023. The list which features Africa’s most industrious businessmen is led by Nigerian business mogul Aliko Dangote who is worth a whopping $13.5 billion.
Dr Sudhir is a Ugandan businessman who made his fortune in real estate and he is the founder and chairman of the Ruparelia Group, a conglomerate with interests in insurance, hospitality, real estate, and education. He is also a philanthropist and has donated to various charitable causes in Uganda.
Among the vast companies Sudhir owns under the wealthy Ruparelia Group Empire include; Premier Recruitment Limited – Kampala, Crane Management Services Limited – Kampala, Delhi Public International School-Naguru, Kampala, Goldstar Insurance Company Limited – Kampala, Kabira Country Club – Bukoto, Kampala, Kampala International School Uganda, Kampala Parents’ School, Kampala Speke Hotel – Kampala, Meera Investments Limited – Kampala.
Others are; Munyonyo Commonwealth Resort – Munyonyo, Premier Roses Limited – Entebbe, Rosebud Limited – Entebbe, Sanyu FM 88.2 – Kampala, Speke Apartments Limited – Kampala, Speke Resort and Conference Center – Munyonyo, Kampala, Kampala Tourist Hotel – Kampala, Victoria University Uganda – Kampala, Vcon Construction Uganda Limited.
In a period of more than 20 years, Dr Sudhir has been propagated in the operations and performance of the various Ruparelia Group businesses, most of which are the Country’s leading players in their respective sectors. The tycoon business empire stretches from financial services, hospitality, Education, real estate, entertainment, and floriculture.
Below is a full list of Africa’s Top 20 Richest Men in 2023
- Aliko Dangote (Nigeria) – $13.5 billion
Dangote is a businessman who made his fortune in cement, sugar, and flour. He is the founder of the Dangote Group, which operates in 10 African countries.
2. Nassef Sawiris (Egypt) – $9.6 billion
Sawiris is an Egyptian billionaire businessman and the CEO of Orascom Construction Industries, a company involved in infrastructure projects such as airports and highways.
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3. Nicky Oppenheimer & family (South Africa) – $8 billion
The Oppenheimer family has been involved in the diamond industry for generations and made their fortune through their stake in the diamond mining company De Beers.
4. Johann Rupert & family (South Africa) – $7.2 billion
Rupert is the chairman of the luxury goods company Richemont, which owns brands such as Cartier, Montblanc, and Dunhill.
5. Mike Adenuga (Nigeria) – $6.5 billion
Adenuga is a businessman who made his fortune in telecommunications, oil, and banking. He is the founder of Globacom, a leading telecommunications provider in Nigeria.
6. Abdulsamad Rabiu (Nigeria) – $5.5 billion
Rabiu is the founder and chairman of BUA Group, a conglomerate with interests in cement, sugar, and other industries.
7. Issad Rebrab & family (Algeria) – $4.4 billion
Rebrab is the founder and CEO of Cevital, a conglomerate with interests in food, retail, and real estate.
8. Naguib Sawiris (Egypt) – $4 billion
Sawiris is the chairman of Orascom Telecom Media and Technology, a company that operates in telecommunications and media.
9. Koos Bekker (South Africa) – $3.1 billion
Bekker is the former CEO of Naspers, a multinational media and internet group that operates in more than 100 countries.
10. Mohamed Mansour (Egypt) – $2.7 billion
Mansour is the chairman of Mansour Group, a conglomerate with interests in automotive, retail, and real estate.
11. Patrice Motsepe (South Africa) – $2.5 billion
Motsepe is the founder and chairman of African Rainbow Minerals, a mining company that operates in South Africa and other African countries.
12. Aziz Akhannouch (Morocco) – $2.3 billion
Akhannouch is the CEO of Akwa Group, a conglomerate with interests in oil and gas, real estate, and media.
13. Yasseen Mansour (Egypt) – $1.9 billion
Mansour is the co-owner of Mansour Group along with his brothers Mohamed and Youssef.
14. Othman Benjelloun (Morocco) – $1.8 billion
Benjelloun is the CEO of BMCE Bank of Africa, one of the largest banks in Morocco.
15. Folorunso Alakija (Nigeria) – $1.6 billion
Alakija is a businesswoman who made her fortune in oil and is the founder of Famfa Oil, a Nigerian oil exploration company.
16.Youssef Mansour (Egypt) – $1.5 billion
Mansour is the co-owner of Mansour Group along with his brothers Mohamed and Yasseen.
17. Mohammed Dewji (Tanzania) – $1.4 billion
Dewji is the CEO of MeTL Group, a Tanzanian conglomerate
18. Strive Masiyiwa (Zimbabwe) – $3.3 billion
Strive Masiyiwa is a Zimbabwean entrepreneur and philanthropist who is the founder and executive chairman of Econet Wireless, a telecommunications company that operates in several African countries. He is also a member of the Africa Progress Panel, a group of distinguished individuals who advocate for equitable and sustainable development in Africa.
19. Abdulsalam Rabiu (Nigeria) – $1.2 billion
Abdulsalam Rabiu is a Nigerian businessman and the founder and chairman of BUA Group, a conglomerate with interests in cement, sugar, and other industries. He is also a philanthropist and has donated to various causes in Nigeria, including education and healthcare. Rabiu is committed to developing Nigeria’s economy and creating job opportunities for its citizens.
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