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Bizmart List of the Richest People in Uganda (2025)

Uganda is home to a dynamic group of influential entrepreneurs and industrialists whose enterprises span diverse industries, contributing significantly to the nation’s economic growth. Their success stories not only highlight individual resilience and innovation but also position Uganda as a regional hub for investment and development. Below is the definitive list of Uganda’s wealthiest individuals in 2025, ranked by their net worth.


1. Sudhir Ruparelia – $1.4 Billion

  • Date of Birth: January 17, 1956
  • Place of Birth: Kabatoro, Uganda
  • Famous As: CEO of Ruparelia Group of Companies

Sudhir Ruparelia is Uganda’s richest individual, a position he has consistently held for years. As the founder and chairman of the Ruparelia Foundation, Sudhir oversees a vast conglomerate with investments in banking, real estate, insurance, education, floriculture, and hospitality. His empire includes luxury hotels, commercial buildings, and high-end resorts, making him an integral player in Uganda’s economic fabric.


2. Hamis Kiggundu – $1.3 Billion

  • Date of Birth: February 10, 1984
  • Place of Birth: Masaka, Uganda
  • Famous As: CEO of Ham Group of Companies

Hamis Kiggundu, commonly referred to as Ham, is a youthful entrepreneur who has carved a niche in real estate and construction. As the CEO of Ham Group of Companies, he has developed iconic commercial properties in Kampala, elevating the city’s skyline. In addition to his business acumen, Ham is a published author of books such as Success and Failure Based on Reason and Reality, which reflects his philosophy of innovation and determination.


3. Drake Lubega – $1 Billion

  • Famous As: CEO of Jesco Industries Limited

Drake Lubega’s influence in Uganda’s real estate market is unparalleled. Owning nearly half of Kampala’s most significant properties, Lubega has cemented his status as one of the country’s wealthiest individuals. His company, Jesco Industries, serves as the cornerstone of his success, enabling him to diversify into other ventures and expand his wealth.


4. Hajj Omar Ahmed Mandela – $550 Million

  • Famous As: CEO of CJ’s Restaurant

Hajj Omar Ahmed Mandela is an entrepreneur with business interests spanning hospitality, oil, manufacturing, and automotive services. As the founder of the Mandela Group of Companies, he has established CJ’s Restaurant, a popular chain in Uganda and Kenya. Beyond business, Mandela is the president of Sports Club Villa, a symbol of his influence in sports and culture.


5. Charles Mbire – $500 Million

  • Date of Birth: 1959
  • Famous As: Chairman of MTN Uganda

Charles Mbire is one of Uganda’s most prominent business leaders, with extensive investments in telecommunications, finance, and infrastructure. As chairman of MTN Uganda and the Uganda Securities Exchange, his influence extends across major economic sectors. He also holds stakes in Rift Valley Railways and Ecobank Uganda, further diversifying his wealth portfolio.


6. Sikander Lalani – $300 Million

  • Date of Birth: November 4, 1944
  • Place of Birth: Nsambya, Uganda
  • Famous As: Managing Director of Roofings Group

Sikander Lalani transitioned from medicine to become one of East Africa’s leading steel magnates. As the founder of the Roofings Group, he supplies steel products across Uganda and neighboring countries, playing a vital role in regional infrastructure development. His success is backed by partnerships with international lenders like the World Bank.


7. Aaron Mukooza – $200 Million

  • Date of Birth: April 24, 1979
  • Place of Birth: Kampala, Uganda

Aaron Mukooza is a private investor with ventures in banking and media. While he maintains a low public profile, Mukooza’s strategic investments have earned him a prominent spot among Uganda’s wealthiest. His understated approach belies the significant influence he wields in these sectors.


8. Gordon Wavamunno – $150 Million

  • Date of Birth: December 16, 1943
  • Place of Birth: Rugaaga, Uganda
  • Famous As: CEO of Spear Motors Uganda

Gordon Wavamunno is best known for his leadership of Spear Motors Uganda, the exclusive distributor of Mercedes-Benz vehicles in the country. His entrepreneurial portfolio extends to media, tourism, agriculture, and real estate, reflecting his versatility as a businessman.


9. Patrick Bitature – $130 Million

  • Date of Birth: May 10, 1960
  • Place of Birth: Fort Portal, Uganda
  • Famous As: CEO of Simba Group of Companies

Patrick Bitature is a multi-faceted entrepreneur who founded the Simba Group, which operates in hospitality, farming, mining, and real estate. Bitature is also a thought leader and author, using his platform to inspire future Ugandan entrepreneurs.


10. Mukesh Shukla – $110 Million

  • Date of Birth: 1962
  • Place of Birth: Arua, Uganda
  • Famous As: CEO of Shumuk Group

Mukesh Shukla is the head of the Shumuk Group, a conglomerate involved in aluminum manufacturing, real estate, milk processing, and forex trading. His family’s long history in manufacturing, dating back to 1939, underscores his legacy as one of Uganda’s most enduring entrepreneurs.


Conclusion

The Bizmart List of the Richest People in Uganda (2025) reflects the diverse industries driving Uganda’s economy, from real estate and telecommunications to manufacturing and hospitality. These magnates are not only shaping the nation’s economic landscape but also inspiring a new wave of entrepreneurs. As Uganda continues its journey toward economic prosperity, these individuals will remain at the forefront, pushing boundaries and redefining success.

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