02:28 pm
24 February 2017

Five Ugandan Multi-Millionaires You Should Know

Here are five low-key, ultra-wealthy Ugandan tycoons, entrepreneurs and business leaders.  Each of them is worth more than $50 million. There are no politicians or criminals here — just good, successful businessmen

Sudhir Ruparelia – Net worth $1.1 Billion 

Source: Real Estate

Born in Uganda, Ruparelia moved to the United Kingdom with his parent as the age of 16 after President Idi Amin expelled all Asians from the East African country. In the U.K, Ruparelia worked small jobs, returning to Uganda in 1985 with $25,000 in savings.  With that he started a Commodities Treading business and Uganda’s first foreign exchange bureau. The business snowballed into the Ruperelia, Uganda’s largest privately held conglomerate. The group is said to be the single largest private property owner in Uganda and it employs over 6,000 people. Ruparelia also owns Crane Bank, the country’s fourth largest commercial bank, Goldstar Insurance, hotels, country clubs, and a chain of foreign exchange bureaus across the country.

 

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