Dive into the heart of Uganda, a land of untapped potential and opulent wealth, where the tapestry of culture and nature meets the shimmer of gold. As we traverse through the bustling streets of Kampala and the serene landscapes beyond, we reveal the titans of industry who shape the economic destiny of this vibrant nation.
Meet Uganda’s top 10 business magnates whose fortunes are as grand as the Rwenzori Mountains and discover what propels them to the zenith of prosperity in 2024.
The wealth ranking in this article is derived from assessing the value of assets, including cash, private and public holdings, deducting any liabilities.
The list prioritizes individuals over extended family wealth, incorporating assets owned by the wealth originator’s immediate family if they are integral to the wealth’s establishment.
Asset evaluation encompasses tangible and digital properties. However, in cases where financial information is not disclosed or accessible, the estimated wealth may be adjusted to account for the potential discrepancies.
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List of Uganda’s top 10 wealthiest moguls in 2024
| Rank | Name | Total net worth | Age | Region | Source of Wealth | Industry |
|---|---|---|---|---|---|---|
| 1 | Sudhir Ruparelia | $1.35B | 68 | Uganda | Ruparelia Group | Diversified |
| 2 | Mayur Madhvani | $1.2B | 64 | Kampala | Madhvani Group | Real Estate, Manufacturing |
| 3 | Alykhan Karmali | $1.15B | 56 | Kampala | Mukwano | Real Estate, Manufacturing |
| 4 | John Bosco Muwonge | $1.13B | 63 | Kampala | Shamba | Real Estate, Manufacturing |
| 5 | Hamis Kiggundu | $1.02B | 40 | Global | Ham Group | Diversified |
| 6 | Karim Hirji | $925M | 73 | Kampala | Imperial Group, Dembe | Diversified |
| 7 | Charles Mbire | $845M | 65 | Kampala | Invesco, MTN | Diversified |
| 8 | Imperial, Dembe | $670M | 63 | Uganda | Simba Group | Diversified |
| 9 | Omar Ahmed Mandela | $550M | 64 | Kampala | Mandela Group | Diversified |
| 10 | Sikander Lalani | $405M | 79 | EastAfrica | Roofings Group | Roofing sheets, Building Materials |
