Businessman Sudhir Ruparelia has again topped the list of Uganda’s 10 richest people in latest rankings according to Forbes.
He is the director and majority shareholder in the Ruparelia Group of companies . His investments are mainly in the areas of education, broadcasting, banking, insurance, real estate, floriculture, hotels, and resorts.
Among other individuals in the list include Karim Hirji, Mohammed Hamid, Charles Mbiire, Gordon Wavamuno, Alykhan Kharmali, Sikander Lalani, Aaron M Mukooza, Mukesh Shukla and Patrick Bitature.
Below is the full list of the Richest People in Uganda 2018.
1. Sudhir Ruparelia
Through the influence of his massive net worth which hovers around $1.2 billion, Sudhir Ruparelia has emerged into great fame as the wealthiest person in Uganda and in the entirety of East Africa. Moreover, Sudhir Ruparelia is regarded as a renowned and fortunate tycoon who rose from a mere business enterprise which he set up with a meagre sum of $25,000.
As he remains the richest Ugandan, he is largely associated with investment dealings in sectors including real estate, broadcasting, education, insurance, and banking.