Here’s a ranked list of Uganda’s top 10 wealthiest individuals, based on credible data from sources like Bloomberg and Forbes. These are business magnates known for their diverse investments across banking, real estate, telecom, and more.
John Bosco tops the list as the richest person in Uganda in 2026 with a whooping $1.8 billion net worth (approx 6.44 trillion Ugandan shillings. In the second position is Sudhir Ruparelia with $1.2 net worth approx 4.29 trillion UGX.
Did you know that Yoweri Museveni, despite serving as the President of Uganda since 1986 is not among the top 10 wealthiest individuals in Uganda? However, this is subject for another day, maybe lack of publicly declared wealth is what makes Museveni's net worth hard to project.
On this page, you will find a list of the richest Uganda's according to 2026 data.
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Net Worth: $1.8 billion
Muwonge is a prominent real estate mogul owning key commercial properties in Kampala, such as Namanda, Cooper, and Discount malls. He has also invested in over 400 acres of land in Kisenyi, making him the wealthiest individual in Uganda.
Net Worth: $1.2 billion
Ruparelia is the founder of the Ruparelia Group, with interests in banking, real estate, education, and hospitality. His group includes prominent properties like Speke Resort and Crane Bank, making him a household name in Ugandan business.
Net Worth: $1 billion
Hamid chairs the Aya Group, which operates in sectors like transportation, manufacturing, and real estate. He’s one of Uganda’s youngest billionaires and owns Panafric Transport, a major logistics player in East Africa.
Net Worth: $900 million
Lubega is a key real estate investor with substantial holdings in Kampala, including properties like Totali Building and Qualicel Bus Terminal.
Net Worth: $900 million
Karmali leads Mukwano Industries, a prominent player in manufacturing and distribution in Uganda. He has expanded the company significantly since inheriting it from his family.
Net Worth: $400 million
Mbire has investments in telecommunications, pharmaceuticals, and energy. He is a board member of MTN Uganda and founder of Bomi Holdings.
Net Worth: $300 million
Lalani is a pioneer in steel manufacturing in Uganda. His Roofings Group dominates the steel and construction materials market in the country.
Net Worth: $300 million
Bitature’s Simba Group spans sectors like energy, telecommunications, and hospitality. He owns Protea Hotels in Uganda and is a major player in the electricity distribution industry.
Net Worth: $300 million
Hirji owns the Imperial Hotels chain and has interests in finance, real estate, and leisure. He’s a former rally driver who transitioned into successful business ventures.
Net Worth: $200 million
Mukooza is an investor in banking and media. He has made significant contributions to the growth of Uganda’s financial and communication sectors.
I’m Clinton Wamalwa Wanjala, a financial writer and certified financial consultant passionate about empowering the youth with practical financial knowledge. As the founder of Fineducke.com, I provide accessible guidance on personal finance, entrepreneurship, and investment opportunities.
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