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List of wealthiest people in Uganda

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Title: List of wealthiest people in Uganda  
Author: World Heritage Encyclopedia
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Subject: Amos Nzeyi, John Mugyenyi, Sudhir Ruparelia, Charles Mbire, List of Belgians by net worth
Collection: Lists of People by Wealth, Ugandan People
Publisher: World Heritage Encyclopedia

List of wealthiest people in Uganda

The per capita income in Uganda in 2012 was approximately US$490 annually.[1] In 2009, an estimated 25 percent of the 35 million Ugandans lived on less than US $1.00 per day.[2][3]

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 list is not exhaustive and net worth values are hard to determine.[4]

The list is divided into six classes of wealthy individuals:

  1. The New Money Class - Acquired their wealth within the last twenty years.
  2. The Young Entrepreneurs - Less than fifty years old.
  3. The Executive Class - CEO's and Managing Directors of government departments and private firms.
  4. The Expatriates - Non-Ugandans (Some in this class may have dual citizenship).
  5. The Old Money Class - These individuals inherited their wealth that has run in their families for generations.
  6. The Super Rich - Many individuals in this class would be classified as wealthy even in wealthy countries.

The names are arranged alphabetically in each class, using the first name to select rank.


  • The New Money Class 1
  • The Young Entrepreneurs 2
  • The Executive Class 3
  • The Expatriates 4
  • The Old Money Class 5
  • The Super Rich 6
  • See also 7
  • References 8
  • External links 9

The New Money Class

Name Net worth (USD) Residence Sources of wealth
Ashish Thakkar 260+ (2013)[5] Kampala, Dubai & London Real estate, Hotels, Banks, Investments
Andrew Rugasira[6] 10 million (2012) Kampala Good African Coffee, Rwenzori Coffee, Investments
Amina Moghe Hersi[7] Kampala Real Estate, Shopping Malls, Hotels, Hardware Stores
Bosco Ogwang Edola[8] Lira Hotels, Petrol stations, Timber
John Mugyenyi[9] Kampala Construction, Real Estate, Finance
Dr. Christopher Nakabale[10] Mahalapye, Botswana Manufacturing, Farming, Lupor Propriety Limited
Drake Lubega[11] Kampala Real estate
Joseph Magandaazi Yiga[12] 10 million (2012) Kampala Jomayi Property Consultants,[13] Real Estate, Construction
Miraj Barot[14] 15 million (2012) Kampala Real Estate, Construction, Agribusiness, Steel
Ponsiano Ngabirano[15] 20 million (2012) Kampala Capital Shoppers Supermarkets
Sarah Nabukalu Kiyimba[16] Masaka Hotels, Real Estate
Sebastian Munulo[17] Iganga Hotels, Schools, Real Estate
Sam Otada[18] Kiryandongo Transportation, Construction, Telecommunications, Real Estate

The Young Entrepreneurs

Name Net worth (USD) Residence Sources of wealth
Andrew Rugasira[19] Kampala Entertainment, Coffee Processing
Arthur Busingye[20] Kampala Entertainment, Real estate, Merchandising
Ali-shah Jivraj[21] Kampala Trade, Real estate, Electronics
Charlie Lubega[22] Kampala Entertainment, Discotheques, Real estate
Crescent Baguma[23] Fort Portal Construction, Real Estate
Elvis Sekyanzi[24] 8 million (2012)[25] Kampala Entertainment, Broadcasting, Nightclubs, Mineral Water
Ivan Mbabazi Batuma[26] Kabale Hotels, Broadcasting, Real estate
James Nyakuni[27] Arua Transportation, Real estate
Robina Bwita[28] Fort Portal Hotels
Sylvia Owori[29] Kampala Fashion Design, Real Estate, Publishing

The Executive Class

Name Net worth (USD) Residence Sources of wealth
Anatoli Kamugisha[30] 15 million (2012) Kakungulu Akright Projects Limited, Real Estat
Charles Hamya[31] Kampala Multichoice Uganda Limited, Real Estate
Martin Drito[32] Kampala Mining, Timber, Logging
Richard Byarugaba[33] Kampala NSSF, Business Consulting

The Expatriates

Name Net worth (USD) Residence Sources of wealth
Dr. Ian Clarke[34] Kampala International Medical Group, International Hospital Kampala, International Health Sciences University, Insurance
Mazen Mroué[35] Kampala MTN Uganda

The Old Money Class

Name Net worth (USD) Residence Sources of wealth
Boney Katatumba[36] Kampala Real Estate
John Ssenseko Kulubya[37][38] Kampala Real Estate
Hajj Isaac Mulindwa[39] Kololo & Mbarara Automobile Sales, Commercial Farming, Ranching, Construction, Rice Processing

The Super Rich

Name Net worth (USD) Residence Sources of wealth
Alykhan Karmali[40] 700 million (2012) Kampala Mukwano Group, Agibusiness, Food processing, Manufacturing, Banking, Real Estate[41]
Amos Nzeyi[42] Kampala Real estate, Banking, Bottling, Bakery, Hotels
Alam Family[43] 100 million (2012) Kampala Construction, Real estate, Footwear, Floriculure, Sugar manufacture, Electricity generation, Safari lodges, Farm implements
Aya Brothers[44] 400+ million Kampala Hotels, Flour milling, Transportation, International Trade
Bob Kabonero[45] 50 million (2012) Kampala Casinos, Broadcasting, Investments, Real Estate
Bulaimu Muwanga Kibirige[46] Kampala Hotel Africana, Real estate, Motorcycles, Construction Equipment, Foreign Exchange Bureaus
Charles Mbire[47] 200+ million (2012) Kololo Telecommunications, Banking, Pharmaceuticals, Fish farming, Investments, Power generation, Railways.
Godfrey Kirumira[48] 30 million (2012) Kampala Real Estate, Hotels, Schools, Transportation, International Trade, Security Guards
Gordon Wavamunno[49] 100+ million (2012) Munyonyo Automobile dealerships, Broadcasting, Real estate, Insurance, Dairy Farming, Mineral Water
Hassan Basajjabalaba[50] Kampala Universities, Schools, Real estate, Skins & Hides, Hotels
James Mulwana Family[51] 30 million (2013) Kampala Dairy farming, Plastics, Manufacturing, Real Estate
Martin Aliker[52] Kampala Dental Surgery, Investments
Mohammed Alibhai[53] Kampala Bodyguards, Security Guards, Investments
Mukesh Shukla (Shumuk)[54] 100+ million (2012) Kampala Real estate, Hotels
Patrick Bitature[55] 100+ million (2012) Kampala Telecommunications, Electricity Generation, Banking, Insurance, Hotels, Resorts, Ranching
Isabirye Mugoya[56][57] Kampala Real estate, Construction, Investments
Sudhir Ruparelia 1.1 billion[58] (2013) Kampala Ruparelia Group

See also


  1. ^ "2012 Uganda GNI Per Capita". The World Bank. Retrieved 17 April 2014. 
  2. ^ "2009 Poverty Level In Uganda At 24.5%". The World Bank. Retrieved 17 April 2014. 
  3. ^ "Uganda Demographics Profile 2013". Retrieved 17 April 2014. 
  4. ^ Michael Kanaabi, and Ssebidde Kiryowa (6 January 2012). "The Deepest Pockets".  
  5. ^ The Editor, . (15 April 2013). "Meet Africa’s Youngest Billionaire, Ashish J. Thakkar". Ventures Africa Magazine. Retrieved 15 October 2014. 
  6. ^ Adams, Tim (17 February 2013). "Andrew Rugasira: Can Coffee Transform Lives In Africa?".  
  7. ^ Sserunjogi, Eriasa Mukiibi (11 November 2013). "Amina Omusementi: The Somali Woman Building An Empire In Kampala". Daily Monitor. Retrieved 17 April 2014. 
  8. ^ Opio, Emmanuel (13 October 2011). "Uganda Chamber of Commerce, Lira Municipality In Land Fight".  
  9. ^ Ssali, Henry H. (3 March 2008). "Colonel Mugyenyi, The Silent Tycoon".  
  10. ^ The Voice, . (20 June 2014). "Oiling Local Demand".  
  11. ^ Namazzi, Elizabeth (1 June 2012). "Till Death Threats Do Us Part". New Vision. Retrieved 17 April 2014. 
  12. ^ Mulumba, Abu-Baker (21 December 2011). "Jomayi Cuts Land Prices".  
  13. ^ Okanya, Andante (9 November 2014). "Court Issues Arrest Warrant for Jomayi Boss".  
  14. ^ Bwire, Stephen (14 January 2012). "Miraj Barot Also Known As Tirupati".  
  15. ^ Businge, Julius (13 July 2014). "Local Supermarkets Vie for Market Share".  
  16. ^ Kasozi, Robert (1 June 2012). "My Husband’s Death Woke Me To The Realities of Life".  
  17. ^ Baligema, Isaac (8 June 2013). "The Maize Seeds That Sprouted Iganga’s Mwaana Empire".  
  18. ^ Mpagi, Charles Mwanguhya (17 September 2013). "How Sam Otada Inherited And Grew The Family Business".  
  19. ^ Adams, Tim (17 February 2013). "Andrew Rugasira: Can Coffee Transform Lives In Africa?".  
  20. ^ Newvision, Archive (29 November 2003). "Wedding Bells".  
  21. ^ Candia, Steven (28 March 2010). "Court Grants Branding Rights".  
  22. ^ Newvision Archive, . (18 September 2014). "Charlie Lubega Flies Son To Top US High School".  
  23. ^ Team Investigator, . (11 October 2013). "Money Bags". Investigator.Co.Ug. Retrieved 10 November 2014. 
  24. ^ Newvision, Archive (21 August 2014). "Sekyanzi Opens Club Silk In London".  
  25. ^ Michael Kanaabi, and Ssebidde Kiryowa (6 January 2012). "In 2012, Elvis Sekyazi's Net Worth Was Estimated At About US$12 Million".  
  26. ^ URN, . "The URN Board". Uganda Radio Network (URN). Retrieved 10 November 2014. 
  27. ^ Felix Warom, and Clement Aluma (30 September 2013). "Location Gives Arua An Edge In Business".  
  28. ^ Emmanuel Kajubu, and Robert Kalema (21 March 2009). "Fort Portal And Kampala Experiment With New Solid Waste Management Systems". Uganda Radio Network (URN). Retrieved 12 November 2014. 
  29. ^ Nassuna, Stella (24 December 2012). "Sylvia Owori Wins Coveted Award At Afrikan Fashion Walk".  
  30. ^ Kulabako, Faridah (10 March 2014). "Real Estate Entrepreneur".  
  31. ^ ., The CEO Magazine Investigative Team (2011). "Executive Pay: Unveiling Uganda's 8-Fgure Executives" (PDF). CEO Magazine (CEOMag). Retrieved 8 December 2014. 
  32. ^ Bukumunhe, Timothy (9 April 2007). "Who Are The Richest People In Uganda?".  
  33. ^ Wakabi, Michael (8 November 2014). "Is Richard Byarugaba Walking A Tightrope At NSSF Uganda?".  
  34. ^ Josh Kron, and Jeffrey Gettleman (1 March 2011). "Of Irish Soil And Ugandan Politics".  
  35. ^ Ladu, Ismail Musa (18 June 2012). "MTN Appoints New Chief". Daily Monitor. Retrieved 17 May 2014. 
  36. ^ Luganda, Emmanuel (10 February 2014). "Katatumba Kicks Shumuk Out of Blacklines House". Retrieved 17 April 2014. 
  37. ^ Tebajjukira, Madinah (9 January 2006). "Kulubya To Rehabilitate Street Kids".  
  38. ^ Mugisha, Darius (2 May 2007). "My First Million... John Ssenseko Kulubya".  
  39. ^ Tibyangye, Otushabire (14 March 2014). "Hajji Isaac Mulindwa Was Born for The Car Business".  
  40. ^ Ismailmail, Blog (4 November 2011). "Mukwano’s Alykhan Karmali Enters Into Shs 112 Billion Deal for Construction of Acacia Mall, Kampala". Retrieved 17 April 2014. 
  41. ^ Nsehe, Mfonobong (11 June 2012). "Five Ugandan Multi-Millionaires You Should Know". Forbes Africa Magazine. Retrieved 17 April 2014. 
  42. ^ The Observer Reporter, . (15 April 2013). "PepsiCo Chief Visits Uganda".  
  43. ^ Biryabarema, Elias (29 January 2013). "Ugandan Group Building US$52 Million Sugar Plant".  
  44. ^ Vision, Reporter (29 April 2012). "I Juggled Business and Books At Eight Years".  
  45. ^ Rumanzi, Perez (10 March 2013). "A Pillar In Her Community".  
  46. ^ Okanya, Andante (15 March 2014). "Tycoon BMK In USh112 Million (US$46 Million) Rent Row".  
  47. ^ Magoba, Brian (23 June 2012). "Maama Mbire: The Mother of Business".  
  48. ^ Zurah Nakabugo, and Benon Tugumisirize (9 August 2012). "Tycoon Kirumira Collapses Under Police Questioning".  
  49. ^ Kahunga, Matsiko (30 October 2012). "Wavamunno Tells His Entrepreneurial Journey".  
  50. ^ Muhwezi, Wilber (26 August 2012). "Who Is Who In Bushenyi’s Rich Club?".  
  51. ^ Independent Team, . (19 January 2013). "James Mulwana 1936-2013".  
  52. ^ Adengo, Jonathan (24 April 2013). "The Many Tales of Martin Aliker’s Home".  
  53. ^ Malaba, Tom (20 June 2009). "Police To Crack Down On Indiscipline Among Private Security Companies". Uganda Radio Network (URN). Retrieved 14 November 2014. 
  54. ^ Lubwama, Siraje (7 August 2012). "Battle for Shumuk House Rages On". The Observer (Uganda). Retrieved 17 April 2014. 
  55. ^ Ladu, Ismail Musa (21 January 2014). "Bitature ‘Milks’ Cash From High - Breed Animals".  
  56. ^ Kisero, Jaindi (24 March 2014). "Mugoya's KSh342 Million Award And The Art of Cowboy Contracting".  
  57. ^ Obore, Chris (24 July 2011). "NSSF In Secret Deal To Pay Off Mugoya".  
  58. ^ Forbes, Magazine (November 2013). "The World's Billionaires: Number 1537; Sudhir Ruparelia".  

External links

  • Uganda's Deepest Pockets In 2012
  • Uganda's Leading Businesspeople 1962 - 2013
  • Richest Ugandans - 16 March 2011
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