Sudhir Ruparelia has once again been named the richest person in Uganda, according to the Forbes Africa Billionaires List for 2025. His estimated net worth is now $1.6 billion, putting him firmly at the top of Uganda’s wealthiest individuals. He is not just rich—he is also one of the most powerful and influential businessmen in the country.
Sudhir is the founder and chairman of the Ruparelia Group, a large company that has investments in many different industries. These include banking, real estate, insurance, education, farming (especially flowers), and hospitality. Over the years, he has built a business empire that touches almost every sector of Uganda’s economy. Even after some challenges, like the closure of Crane Bank in 2017, his other businesses have stayed strong and successful.
Some of Sudhir’s most famous properties are Speke Resort Munyonyo, Kabira Country Club, Pearl Tower, Pearl Kampala Business Park, Speke Apartments, Bukoto Heights, and Tagore Living. These properties are known for their high standards and have made him a key figure in Uganda’s real estate and hospitality industry.
But Sudhir is not the only wealthy Ugandan. The 2025 Forbes list shows that other billionaires in the country are doing very well in business. Some are long-time entrepreneurs, while others are newer faces rising fast. These individuals are helping shape Uganda’s future through business growth, job creation, and charity work that improves people’s lives.
Let’s look at the full list of Uganda’s top 10 richest people in 2025:
2. Drake Lubega – $850 million
Drake Lubega comes second on the list. He made most of his fortune from real estate, especially in Kampala. He owns many buildings, rental apartments, and shopping arcades in busy parts of the city. People often see his buildings in downtown Kampala, where he has made smart investments in high-traffic areas. Besides real estate, he has also started businesses in hotels and manufacturing, which have added to his wealth.
3. Mansoor Matovu Yanga – $785 million
Yanga is a well-known name in the property market. He owns high-value commercial and residential properties in the best parts of Kampala. But Yanga didn’t stop at real estate. He also put money into the logistics and transport industry, owning trucks and businesses that deal in importing and exporting goods. These investments bring in steady income and have helped him stay high on the billionaire list.
4. John Bosco Muwonge – $720 million
Muwonge is a quiet but powerful figure in Uganda’s property business. He owns several shopping malls, arcades, and luxury apartments, especially in Kampala’s central business district. Even though he doesn’t make many public appearances, his investments speak for themselves. His ability to choose the right locations and develop attractive properties has made him one of the most successful real estate developers in the country.
5. Godfrey Kirumira – $700 million
Kirumira is a businessman with many interests. He is involved in petroleum (fuel stations), real estate, manufacturing, and hospitality. He is also the chairman of the Kwagalana Group, an association of wealthy businessmen in Kampala. His fuel company, GM Tumpeco, is one of the key sources of his wealth. He is known for being a smart investor and a respected leader in business circles.
6. Guster Lule Ntake – $697 million
Ntake is another seasoned entrepreneur. He has built his wealth in real estate, hospitality, and modern agriculture. He owns luxury hotels and resorts as well as commercial buildings. His investments in modern farming have also paid off. He is respected for his long-term planning and ability to adapt to changing markets.
7. Tom Kitandwe – $602.7 million
Kitandwe has made his money from several areas: property, farming, and telecom. He owns large pieces of land used for modern agriculture, and he also has shares in companies that deal with phone and internet services. His smart use of land and technology has made him one of the most successful businessmen in Uganda’s agricultural sector.
8. Hamis Kiggundu (“Ham”) – $601.9 million
Hamis Kiggundu is one of the youngest billionaires on the list. He became well-known for his real estate developments like Ham Towers, Ham Shopping Mall, and the redevelopment of Nakivubo Stadium, which is still ongoing. Ham is not only a businessman—he is also an author and motivational speaker. He writes about success and business and often speaks to young people about the importance of hard work, smart planning, and entrepreneurship.
9. Christine Nabukeera and Charles Mbire – $600 million each
At number nine, we have a tie.
Christine Nabukeera is a powerful investor in real estate and hospitality, owning luxury apartments and business buildings.
Charles Mbire is one of the most influential businessmen in Uganda. He has a variety of investments in telecommunications, energy, banking, and medicine. He is also the chairman of MTN Uganda, a leading telecom company. Under his leadership, MTN has grown rapidly and expanded its services across the country.
10. Amos Nzeyi – $250 million
Nzeyi closes the list at number ten. He is best known for founding Crown Beverages Limited, the company that bottles Pepsi and other soft drinks in Uganda. Besides beverages, he has also invested in farming, hospitality, and real estate. His long-term success and consistency in business have earned him a strong reputation.
These businesspeople are not just rich—they are helping shape Uganda’s economy in a big way. Their companies create thousands of jobs, and many of them give back to society through charity work. For example, Sudhir Ruparelia supports schools and other causes through the Ruparelia Foundation, while Hamis Kiggundu runs projects that help young people start businesses and learn skills.
As Uganda continues to grow and attract investors from around the world, the role of these billionaires becomes even more important. They are not only growing their own businesses but also helping build the country’s future—through infrastructure, education, health, and opportunities for the next generation.
Their stories show that with vision, hard work, and smart investment, it’s possible to succeed and make a real impact—not just in business, but in the lives of many people.
