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List of Ugandans by net worth information


The per capita income in Uganda in 1999 was approximately US$650 annually.[1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day.[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 list is not exhaustive, and net worth values are hard to determine.[3]

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

Name Net worth Residence source of wealth
Alykhan Karmali[4] 700 million (2012)[3] Kampala Mukwano Group, agribusiness, food processing, manufacturing, banking, real estate[5]
Amos Nzeyi[6] 1 billion (2021) Kampala Real estate, banking, bottling, bakery, hotels
Sadat Kamugisha[7] 15 million (2023)[8] Mbarara City electronics and automotives dealership
Andrew Rugasira[9] 10 million (2012)[3] Kampala Good African Coffee, Rwenzori Coffee, investments
Bob Kabonero[10] 250 million (2019)[3] Kampala investments, casino, real estate[11]
Bulaimu Muwanga Kibirige[12] Kampala Hotels, real estate, construction equipment, foreign exchange bureaus
Charles Hamya[13] Kampala Satellite Television, Real Estate
Charles Mbire[14] 600 million (2021)[3] Kololo Telecommunications, banking, pharmaceuticals, fish farming, investments, power generation
Charles Mugerwa[15] 15 million Kampala In-line Print Services, Real Esate
Drake Lubega[16] Kololo Real estate
Elvis Sekyanzi[17] 8 million (2012)[18] Kampala Entertainment, broadcasting, nightclubs, mineral water
Godfrey Kirumira[19] 30 million (2012)[3] Muyenga Real estate, hotels, schools, transportation, international trade, security guards
Gordon Wavamunno[20] 100+ million (2012)[3] Munyonyo Automobile dealerships, broadcasting, real estate, insurance, dairy farming, mineral water
Isaac Mulindwa Jr.[21] Ggaba Construction,[22] Entertainment, Broadcasting, Makinawa University[23]
Hamis Kiggundu[24] 1.02 billion (2024)[25] Kampala[26] Real Estate, Hospitality, International trade,[27] Agro-processing, Logistics
Hassan Basajjabalaba[28] Kampala Universities, schools, real estate, animal skins and hides, hospitality.
Ian Clarke 15 million (2014)[29] Makindye University, hospitals, real estate, healthcare, health insurance, ambulances, hotels
Opio Solomon Micheal 15 million (2014)[30] Munyonyo University, hospitals, real estate, healthcare, health insurance, ambulances, hotels
Ibrahim Kironde Kabanda[31] 5+ million (2015) Kampala Investments, real estate
Karim Hirji[32] 700+ million (2015) Kampala Dembe Group of Companies
James Isabirye Mugoya[33][34] Kampala Real estate, construction, investments
James Mulwana Family[35] 30 million (2013)[36] Kampala Dairy farming, plastics, manufacturing, horticulture, real estate
James Nyakuni[37] Arua Transportation, real estate
Joseph Magandaazi Yiga[38] 10 million (2012)[3] Kampala Jomayi Property Consultants,[39] real estate, construction
Madhvani Family ~1 billion Kakira Madhvani Group
Martin Aliker[40] Kampala Dental surgery, investments
Martin Drito[41] Kampala Mining, timber, logging
Miraj Barot[42] 15 million (2012)[3] Kampala Real estate, construction, agribusiness, steel
Mohammed Alibhai[43] Kampala Bodyguards, security guards, investments
Mohammed Hamid[44][45] ~1 billion (2019)[46] Kampala Hotels, flour milling, transportation, international trade, bakery, mining
Mukesh Shukla[47] 100+ million (2012)[3] Kampala Shumuk Group of companies, real estate, aluminum recycling, hotels
Patrick Bitature[48] 670 million (2021)[3] Kampala Telecommunications, electricity generation, banking, insurance, hotels, resorts, ranching, real estate[49]
Ponsiano Ngabirano[50] 20 million (2012)[3] Kampala Capital Shoppers Supermarkets
Robina Bwita[51] Fort Portal Hotels
Sam Otada[52] Kiryandongo Transportation, construction, telecommunications, real estate
Sarah Nabukalu Kiyimba[53] Masaka Hotels, real estate
Sebastian Munulo[54] Iganga Hotels, schools, real estate
Sikander Lalani 1 Billion (2023) | Kampala Roofings Group
Sudhir Ruparelia 1.2 billion (2019)[55] Kampala Ruparelia Group
  1. ^ a b The World Bank (2014). "2013 Uganda GNI Per Capita". The World Bank. Retrieved 1 June 2015.
  2. ^ "Uganda Demographics Profile 2013". Indexmundi.com. 2013. Retrieved 17 April 2014.
  3. ^ a b c d e f g h i j k l Kanaabi, Michael; Kiryowa, Ssebidde (6 January 2012). "The Deepest Pockets". New Vision. Kampala. Retrieved 8 November 2014.
  4. ^ Ismailmail, Blog (4 November 2011). "Mulis Alykhan Karmali Enters Into Shs se Billion Deal for Construction of Acacia Mall, Kampala". Retrieved 17 April 2014.
  5. ^ Nsehe, Mfonobong (11 June 2012). "Five Ugandan Multi-Millionaires You Should Know". Forbes Africa Magazine. Retrieved 17 April 2014.
  6. ^ "PepsiCo Chief Visits Uganda". The Observer, Uganda (Kampala). 15 April 2013. Retrieved 13 November 2014.
  7. ^ Faridah Kulabako (5 March 2014). "Real Electronics and automotives". Daily Monitor. Kampala. Retrieved 29 May 2020.
  8. ^ Michael Kanaabi and Ssebidde Kiryowa (6 January 2012). "The Deepest Pockets". New Vision. Kampala. Retrieved 29 May 2020.
  9. ^ Adams, Tim (17 February 2013). "Andrew Rugasira: Can Coffee Transform Lives In Africa?". The Guardian (London). Retrieved 11 November 2014.
  10. ^ Rumanzi, Perez (10 March 2013). "A Pillar In Her Community". Daily Monitor (Kampala). Retrieved 13 November 2014.
  11. ^ Wekesa, Anthony (3 February 2016). "Kabonero has no shares in Kampala Casino - defendant". Daily Monitor. Kampala. Retrieved 3 February 2016.
  12. ^ Okanya, Andante (15 March 2014). "Tycoon BMK In USh112 Million (US$46 Million) Rent Row". New Vision (Kampala). Retrieved 11 November 2014.
  13. ^ Te CEO Magazine (7 September 2012). "Executive Pay: Unveiling Uganda's Eight-Figure Executives" (PDF). Kampala: Makerere University. Archived from the original (Archived from the original on 4 March 2016) on 4 March 2016. Retrieved 19 June 2020.
  14. ^ Magoba, Brian (23 June 2012). "MTN's Charles Mbire named richest Indigenous Ugandan in latest survey". Daily Monitor (Kampala). Retrieved 14 November 2014.
  15. ^ "How Mugerwa made his mark in printing business". Daily Monitor. 3 January 2021. Retrieved 6 January 2021.
  16. ^ Namazzi, Elizabeth (1 June 2012). "Till Death Threats Do Us Part". New Vision. Retrieved 17 April 2014.
  17. ^ "Sekyanzi Opens Club Silk In London". New Vision (Kampala). 21 August 2014. Retrieved 9 November 2014.
  18. ^ Kansabi, Michael; Kiryowa, Ssebidde (6 January 2012). "In 2012, Elvis Sekyazi's Net Worth Was Estimated At About US$12 Million". New Vision. Kampala. Retrieved 7 December 2014.
  19. ^ Tugumisirize, Benon; Nakabugo, Zurah (9 August 2012). "Tycoon Kirumira Collapses Under Police Questioning". The Observer, Uganda (Kampala). Retrieved 13 November 2014.
  20. ^ Kahunga, Matsiko (30 October 2012). "Wavamunno Tells His Entrepreneurial Journey". Daily Monitor (Kampala). Retrieved 14 November 2014.
  21. ^ TMC News Quoting New Vision (9 April 2007). "Who Are the Richest People in Uganda?". Kampala: Tmcnet.com Quoting New Vision. Retrieved 14 March 2016.
  22. ^ Agiro, Elizabeth (30 October 2003). "A mission to keep time". Kampala: Ugandanet Quoting Daily Monitor. Retrieved 14 March 2016.
  23. ^ Four One One (4 December 2015). "Isaac Mulindwa, dad partner with Indian tycoon to set up university". Kampala: Sqoop.co.ug. Retrieved 14 March 2016.
  24. ^ Gee Mukama (April 2024). "LIST: Unveiling Uganda's wealthiest moguls in 2024 as Sudhir retains top spot". Kampala: How We Biz Uganda. Retrieved 7 April 2024.
  25. ^ Penresa (9 March 2021). "Focus on Uganda: Securing Long Lasting Lustre And Resilience To The Pearl Of Africa". Forbes Africa. Retrieved 22 March 2021.
  26. ^ The Uganda Times (22 April 2020). "Pictorial: Tycoon Hamis Kiggundu's Residence Very Safe And Not Flooded As Alleged". Uganda: The Uganda Times. Retrieved 19 June 2020.
  27. ^ Ham Enterprises Uganda (19 June 2020). "About Ham Group of Companies". Kampala: Ham Enterprises Uganda. Retrieved 19 June 2020.
  28. ^ Muhwezi, Wilber (26 August 2012). "Who Is Who In Bushenyi's Rich Club?". The Observer, Uganda (Kampala). Retrieved 14 November 2014.
  29. ^ Tacca, Alan (12 January 2014). "NRM War, Corruption And Incompetence Have Helped Dr. Ian Clarke "Busulwa"". Daily Monitor (Kampala). Retrieved 18 March 2015.
  30. ^ Tacca, Alan (12 January 2014). "NRM War, Corruption And Incompetence Have Helped Dr. Ian Clarke "Busulwa"". Daily Monitor (Kampala). Retrieved 18 March 2015.
  31. ^ Muhumuza, Mark Keith (3 June 2015). "Sudhir, Bitature Ranked Top Earners From Stock Exchange". Daily Monitor (Kampala). Retrieved 3 June 2015.
  32. ^ Muhumuza, Mark Keith (3 June 2015). "Richest Man in Uganda and their networth". Daily Monitor (Kampala). Retrieved 3 June 2015.
  33. ^ Kisero, Jaindi (24 March 2014). "Mugoya's KSh342 Million Award And The Art of Cowboy Contracting". The EastAfrican (Nairobi). Retrieved 13 November 2014.
  34. ^ Obore, Chris (24 July 2011). "NSSF In Secret Deal To Pay Off Mugoya". Daily Monitor Mobile (Kampala). Retrieved 13 November 2014.
  35. ^ Nakaweesi, Dorothy; Ladu, Ismail Musa (16 January 2013). "Renowned Businessman James Mulwana Is Dead". Daily Monitor (Kampala). Retrieved 13 December 2014.
  36. ^ Kasoma, Aloysious; Nyanzi, Peter; Akello, Joan (19 January 2013). "James Mulwana 1936-2013: At The Time of Death, His Net Worth Was Valued At About US$30 Million". The Independent (Uganda). Archived from the original on 3 April 2015. Retrieved 13 December 2014.
  37. ^ Aluma, Clement; Warom, Felix (30 September 2013). "Location Gives Arua An Edge In Business". Daily Monitor (Kampala). Retrieved 12 November 2014.
  38. ^ Mulumba, Abu-Baker (21 December 2011). "Jomayi Cuts Land Prices". The Observer (Uganda). Retrieved 9 November 2014.
  39. ^ Okanya, Andante (9 November 2014). "Court Issues Arrest Warrant for Jomayi Boss". New Vision (Kampala). Retrieved 9 November 2014.
  40. ^ Adengo, Jonathan (24 April 2013). "The Many Tales of Martin Aliker's Home". Daily Monitor (Kampala). Retrieved 14 November 2014.
  41. ^ Bukumunhe, Timothy (9 April 2007). "Who Are The Richest People In Uganda?". New Vision (Kampala) via Cloud-Computing.Tmcnet.com Quoting Thomson Dialog NewsEdge. Retrieved 8 December 2014.
  42. ^ Bwire, Stephen (14 January 2012). "Miraj Barot Also Known As Tirupati". The Independent (Uganda). Archived from the original on 9 November 2014. Retrieved 9 November 2014.
  43. ^ Malaba, Tom (20 June 2009). "Police To Crack Down On Indiscipline Among Private Security Companies". Uganda Radio Network (URN). Retrieved 14 November 2014.
  44. ^ "Juggled Business and Books At Eight Years". New Vision. Kampala. 29 April 2012. Retrieved 10 February 2016.
  45. ^ Nsehe, Mfonobong (7 February 2015). "Meet Mohammed Hamid, The $200 Million Milling Tycoon Of Uganda". Forbes.com. Archived from the original on 7 February 2015. Retrieved 11 July 2015.
  46. ^ "Mohammed Hamid the Hilton Hotel Uganda Owner: From a street vendor to a billionaire". Kampala: Africa Uganda Business Travel Guide (AUBTGC) Quoting New Vision. 29 April 2012. Retrieved 10 February 2016.
  47. ^ Lubwama, Siraje (7 August 2012). "Battle for Shumuk House Rages On". The Observer (Uganda). Retrieved 17 April 2014.
  48. ^ Ladu, Ismail Musa (21 January 2014). "Bitature 'Milks' Cash From High - Breed Animals". Daily Monitor (Kampala). Retrieved 14 November 2014.
  49. ^ Ladu, Ismail Musa (22 December 2014). "Local Firm Negotiates Shs28 Billion Property Development Deal". Daily Monitor (Kampala). Retrieved 22 December 2014.
  50. ^ Businge, Julius (13 July 2014). "Local Supermarkets Vie for Market Share". The Independent (Uganda). Retrieved 9 November 2014.
  51. ^ Kajubu, Emmanuel; Kalema, Robert (21 March 2009). "Fort Portal And Kampala Experiment With New Solid Waste Management Systems". Uganda Radio Network (URN). Retrieved 12 November 2014.
  52. ^ Mpagi, Charles Mwanguhya (17 September 2013). "How Sam Otada Inherited And Grew The Family Business". Daily Monitor (Kampala). Retrieved 9 November 2014.
  53. ^ Kasozi, Robert (1 June 2012). "My Husband's Death Woke Me To The Realities of Life". New Vision (Kampala). Retrieved 10 November 2014.
  54. ^ Baligema, Isaac (8 June 2013). "The Maize Seeds That Sprouted Iganga's Mwaana Empire". New Vision. Kampala. Retrieved 10 November 2014.
  55. ^ Andrew Irumba (15 May 2019). "Forbes Releases 2019 List Of Top 10 Richest People In Uganda And Their Net Worth, Sudhir Still On Top!" (Quoting Forbes Magazine). Kampala: Spyuganda.com. Retrieved 22 February 2020.

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