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List of Ugandans by net worth

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The per capita income in Uganda in 2012 is approximately US$490 annually.[1] An estimated 25% of the 35,000,000 Ugandans live on less than US$1.00 per day.[2][3] Under those circumstances, wealth accumulation that would not merit mention in wealthier communities attracts a lot of attention in Ugandan circles.

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.

The list is divided into seven classes of wealthy individuals:

  1. The New Money Class - Acquired their wealth within the last fifteen 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 Pastors - Pastors of Pentecostal churches are sometimes wealthy.
  6. The Old Money Class - These individuals inherited their wealth that has run in their families for generations.
  7. 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

Name Net worth (USD) Residence Sources of wealth
Henry Magoba Kampala Oil and Gas
Aggrey Tumukye Mbarara Real estate, Hotels
Benjamin Kalizibwe Kampala Real estate, Hotels
Robert Ssanyu Apuuli Kasese Real estate, Transportation, Beer Distribution
Aminah Senankya Kiberu Kampala Petrol, Real estate
Amina Moghe Hersi Kampala Real Estate, Shopping Malls, Hotels, Hardware Stores[4]
Apollo Ntegamahe Kabale Transportation,
Bernard Ogwang Ocwoo Lira Hospitals, Construction, Food distribution
Bosco Ogwang Edola Lira Hotels, Petrol stations, Timber
Charles Muhangi Mbarara Transportation
Christopher Nakabale Kampala Abattoirs, Real Estate, Farming
Chris Kafule Kampala Beer distribution, Real estate
Drake Lubega[5] Kampala Real estate
Elisha Kakyomya Fort Portal Real estate, Tea estates
Emmanuel Amaza Adjumani Construction, Hotels
Felix Orii Adjumani Beer and soda distribution
Francis Magezi Kampala Finance
Peter Musoke Kampala Real Estate
George Atyam Kabale Real estate, Beer distribution
George Kahwa Fort Portal Hotels, Night clubs
George Kermudu Adubango Nebbi Construction, Real estate
George Namachi Busia Real estate
Glueport Sande Fort Portal Real estate, Transportation
Haruna Musiwa Mbale Finance, Real estate, Beer distribution
Herman Kigoye MD Masaka Real estate, Medical services, Pharmaceuticals, Medical supplies
Johnson Ocol Lira Petrol, Real estate
Josephine Kizza Masaka Farming
Kakanyero Gulu Real estate, Hotels
Kayonza Kampala Real estate, Transportation, Beer distribution
Kellen Kayonga Kampala Security Guards
Michael Awany Lira Real estate, Petrol stations
Moses Kalungi Kampala Real estate
Moses Kyatwoha Bushenyi Petrol stations
Olet Elyak Lira Manufacturing, Construction, Transportation, Real estate
Omar Mandela Kampala Automobile parts, Real estate
Lawrence Mukiibi Kampala St. Lawrence Schools
Patrick Lucky Fort Portal Transportation
Phillip Mangeni Aremo Busia Real estate, Hotels, Beef distribution
Sarah Kiyimba Masaka Hotels
Sebastian Munulo Iganga Hotels
Stephen Mugasa Fort Portal Real estate, Newspaper distribution
Steven Njubi Iganga Real estate, Schools
Sulaiman Mafabi Lumolo Mbale Automobile dealership
Vincent Opio Lira Cigarettes, Warehouses, Automobile rentals, Real Estate
Sam Otada Kiryandongo Transportation, Construction, Telecommunications, Real Estate

The Young Entrepreneurs

Name Net worth (USD) Residence Sources of wealth
Angela Nassaazi Lusiba Muyenga Corporate Fashion Labels
Alan Shonubi Kololo Legal services, Real estate
Andrew Rugasira Kampala Entertainment, Coffee processing
Kyanyaga Lusiba Kampala Entertainment, Rice & Coffee processing
Arthur Busingye Kampala Entertainment, Real estate, Merchandising
Ali-shah Jivraj Kampala Trade, Real estate, Electronics
Charles Odere Kampala Legal services, Hotels
Charlie Lubega Kampala Entertainment, Real estate
Crescent Baguma Fort Portal Construction
Edwin Karugire Kampala Legal Services, Investments
Elly Karuhanga Kampala Legal services, Investments
Elvis Sekyanzi Kampala Entertainment, Broadcasting, Night clubs
Halima Wakabhu Fort Portal Schools
Ian Ortega Kampala Entertainment Websites, Real estate, Media, Manufacturing
Isaac Mulindwa Kampala Entertainment, Construction, Broadcasting
Ivan Batuma Kabale Hotels, Real estate
James Nyakuni Arua Transportation, Real estate
Jitu Parma Kampala Construction materials
John Esero Kizito Kampala I.T, Real Estate, Investments
Kiryowa Kiwanuka Kampala Legal services
Nina Karugaba Kampala Interior designing, Real estate
Brian Senfuma Kampala Investment, Real estate, Entertainment
Peter Sematimba Lubaga Broadcasting
Musiwa Salem Cheman Muyenga Investments, Finance, Cheman Group
Robina Bwita Fort Portal Hotels
Sylvia Awori Kampala Fashion designs, Real Estate, Publishing
Samuel Sejjaaka Kololo Accounting, Real Estate
Tonny Rutakirwa Kampala Publishing, Branding, Merchandising
Isaac Kigozi Kampala Entertainment, Finance, broadcasting
Jamil Sempijja Kampala Real estate, Finance, Merchandising
Kafuuma Mike Masaka Real estate, Finance, Merchandising
Zavverio Kimmula Masaka Real estate, Finance, Merchandising
Bwire John Peter Kampala Engineering, Real Estate
Musa Sewava Kampala Education, Schools
Brian Lule Mengo Finance, Real Estate

The Executive Class

Name Net worth (USD) Residence Sources of wealth
Anatoli Kamugisha Kakungulu Akright Projects Limited, Real Estate Development
Baker Magunda Kampala Uganda Breweries Limited
Conrad Nkutu Kampala The Monitor Newspaper
Charles Hamya Kampala Multichoice Uganda Limited, Real Estate
Emmanuel Tumusiime-Mutebile Kampala Bank of Uganda
Ivan Kyayonka Kampala Shell Oil
Maggie Kigozi Kampala UNIDO, Business Consulting, Farming
Mariam Luyobo Kampala Taibah Schools
Martin Bandebire Kampala NSSF
Martin Drito Kampala Drito Global Corporation, Mining, Logging
Richard Byarugaba Kampala National Social Security Fund (Uganda)
Tom Mugenga Kampala Transportation, Clearing/Forwarding
William Kalema Kampala Consulting, Investments
William Muhairwe Kampala National Water and Sewerage Corporation

The Expatriates

Name Net worth (USD) Residence Sources of wealth
A. R. Kalan Kampala Crane Bank
David Njoroge Kasese Hima Cement Limited
Dr. Ian Clarke Kampala International Medical Group, International Hospital Kampala, International Health Sciences University, Insurance
Mazen Mroué Kampala MTN Uganda[6]
Phillip Odera Kampala Stanbic Bank
William Pike Kampala Broadcasting, Real Estate

The Pastors

Name Net worth (USD) Residence Sources of wealth
Robert Kayanja Kampala Miracle Centre Cathedral
Gary Skinner Kampala Watoto Church
Imelda Namutebi Kampala Liberty Worship Center
K. L. Dickson Fort Portal World Evangelical Ministries, Schools

The Old Money Class

Name Net worth (USD) Residence Sources of wealth
Ben Okiror Soroti Kakiase Enterprise Limited
Boney Katatumba Kampala Real estate[7]
Cranmer Kaaya Luweero Ranching
Ezekiel Balaba Kabale Real estate, Logging
Gordon Wavamunno Munyonyo Automobile dealerships, Broadcasting, Real estate, Insurance
Jaberi Bidandi Ssali Kampala Real estate, Entertainment, Restaurants
The Mulwaana Family Kampala Dairy farming, Manufacturing, Horticulture, Real estate, Plastics
John Kulubya Kampala Real estate
The Ahmed Brothers Arua Transportation, Real estate
The Hared Family Jinja Petrol stations, Fuel depots, Fuel distribution
The Kasoma Family Luweero Real estate, Coffee processing, International Trade
The Madhvani Family Kakira Manufacturing, Electricity Generation, Agribusiness, Hotels & Resorts, Insurance, Construction
The Mehta Family Lugazi Manufacturing, Agribusiness, Insurance, Steel
House of Dawda Group Kampala Manufacturing, Real estate, Mining, Chemicals
Masaku Kampala Transportation, Real Estate, Hostels
The Kimmula Family Kampala Manufacturing, Real estate, Mining, Chemicals
Rainer Kohler Kampala Construction (Roko Construction Limited)
Rose Rohrer Kampala Construction (Roko Construction Limited)

The Super Rich

Name Net worth (USD) Residence Sources of wealth
Alykhan Karmali[8] Kampala Mukwano Group, Agibusiness, Food processing, Manufacturing, Banking, Real Estate[9]
Amos Nzeyi Kampala Real estate, Banking, Bottling, Bakery, Hotels
Aya Brothers $400+ million[10] Kampala Hotels, Flour milling, Transportation, International Trade
Karim Hirji Kampala Imperial Hotels Group, Investments
Bob Kabonero Kampala Casinos
Bulaimu Muwanga Kibirige Kampala Hotel Africana, Real estate, Motorcycles, Construction Equipment, Foreign Exchange Bureaus
Charles Mbire Kololo Telecommunications, Banking, Pharmaceuticals, Fish farming, Investments, Power generation, Railways.
Godfrey Kirumira Kampala Real estate, Hotels
Hassan Basajjabalaba Kampala Universities, Schools, Real estate, Skins & Hides, Hotels
Joseph Zziwa Roy Kampala Airlines, Real estate Ranching, Ziwa Rhino Sanctuary
Doreen Mutabazi Kampala Investments, Real estate, Banking
Martin Aliker Kampala Investments
Masembe Sulieman Kampala Engineering, Real Estate
Muhammed Alibhai Kampala Bodyguards, Security guards, Investments
Mukesh Shukla Kampala Real estate, Hotels[11]
Patrick Bitature Kampala Telecommunications, Electricity Generation, Banking, Insurance, Hotels, Resorts.
Sikander Lalani Kampala Roofings Limited, Construction materials
Aaron M Mukooza Kampala Investments, Media Branding
Isabirye Mugoya Kampala Real estate, Construction, Investments
Sudhir Ruparelia US$1.1 billion[12] Kampala Ruparelia Group

See also

References

  1. ^ 2012 Uganda GNI Per Capita
  2. ^ 2009 Poverty Level In Uganda At 24.5%
  3. ^ Estimated Ugandan Population Mid-Year 2011
  4. ^ Hajati Amina Hersi Owns Oasis Hotels Ltd.
  5. ^ Drake Lubega Owns 25 Buildings In Kampala Alone
  6. ^ Mazen Mroué Is New MTN Uganda CEO
  7. ^ Katatumba Loses Hotel Diplomate to Shamuk
  8. ^ Alykhan Karmali Is One of Uganda's Wealthiest Businessmen
  9. ^ Five Ugandan Multi-Millionaires You Should Know
  10. ^ Mohamed Hamid Networth Estimated At US$400 Million In 2012
  11. ^ Shamuk acquires Hotel Diplomate for US$630,000
  12. ^ Estimated Networth In November 2013

External links

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