Uganda as a Country has people with different classes and has therefore witnessed growth over the years in several fields and one of them is family wealth. However here, we take you through some of the top five richest families in Uganda.
With a net worth of 1.2 billion dollars, The Ruparelia Family is one of the wealthiest and most influential families in Uganda, renowned for their vast investments across multiple sectors. At the helm of the family is Sudhir Ruparelia, a prominent businessman and philanthropist who has played a significant role in shaping Uganda’s economy. Sudhir was born in 1956 in Kabatoro, Kasese District, Uganda, to Indian immigrant parents.
The family’s business empire operates under the Ruparelia Group, a conglomerate with interests in real estate, banking, education, hospitality, agriculture, and media, among other sectors. The group has been instrumental in the economic development of Uganda and beyond, employing thousands of people and contributing to national growth.
Key Businesses and Investments:
- Real Estate:
- The family owns some of the most iconic properties in Uganda, including Speke Resort Munyonyo, Kabira Country Club, and Crane Management Services, which oversees a vast portfolio of commercial and residential properties.
- Banking and Finance:
- Sudhir Ruparelia is the founder of the now-defunct Crane Bank, which was once one of the largest banks in Uganda before it was taken over by the Bank of Uganda in 2017.
- Education:
- The Ruparelia Group owns and operates several prestigious educational institutions, including Kampala International School Uganda (KISU), Delhi Public School International, and Victoria University Kampala.
- Hospitality and Tourism:
- The family has heavily invested in Uganda’s hospitality industry, with luxurious hotels and resorts such as Speke Hotel, Speke Apartments, and Forest Cottages.
Philanthropy:
The Ruparelia family is also known for their philanthropic efforts, supporting various causes in education, health, and community development. Their contributions have significantly impacted underprivileged communities in Uganda.
The Ruparelia Family’s success story highlights hard work, resilience, and strategic investment, making them a pillar of Uganda’s business community and an inspiration to many.
2. The Hijri Family
This family makes it to the top five richest families in Uganda, the family of Karim Hijri is with a net worth of $850million, they own hotels, with Karim Hijri being the breadwinner, who is also an entrepreneur and businessman.
Karim Hijri’s first company was known as Dembe enterprise and currently the Dembe Group of companies which includes a radio station, finance and insurance businessman amusement park, an imperial hotels group, to mention but a few, Karim Hijri is also the owner of the former bank towers which is currently the Cham towers.
3. The Karmali Family
This family makes it to the top five richest families in Uganda,with a net worth of $700million the family owns the Mukwano group of companies and is also led by Alykhan Karmali an entrepreneur, industrialist, and businessman.
Their Mukwano group of companies consists of agricultural industries, manufacturing industries, transportation and plants. The company has since its inception been supplying Ugandans with edible oil, magrine among others.
4. The Hamid FamilyÂ
This family makes it to the top five richest families in Uganda, The family’s breadwinner Hamid owns an industrial conglomerate dealing with transportation and industrial processing and comprises of more than 5000 employees.
The family is with an estimated net worth of $400million.
5. The Mbire Family
This family makes it to the top five richest families in Uganda, with a net worth of $350 million, Charles Mbire as head of the family is a celebrated businessman and industrialist which has brought him into the lime light.
Charles Mbire has also participated in many businesses including Alpine Pharmacy, MTN Uganda among others which account for his source of wealth.
Therefore, Uganda, as a developing country, has been making significant progress in reducing poverty at an impressive speed through various economic reforms, social policies, and international partnerships aimed at improving living standards thanks to top five richest families in Uganda.