Did you know that South Sudan is the youngest country in the world?
It gained independence from sudan in July 9, 2011. It is only 13 years old with a few months. However, this article is not about the history of South Sudan but rather shedding light on the richest people in the country.
Most of the wealth is concentrated in the hands of a select few while the majority of the population grapples with challenges like hunger and poverty.
Let’s take an in-depth look at the top 10 richest people in South Sudan, their net worth, and the industries that have contributed to their financial success.
1. Mr. Lukak
Net Worth: Estimated at $350 million
Industry: Real Estate and Construction
The richest person in South Sudan is Mr. Lukak. If you've ever strolled through Juba, you've likely seen his influence. He owns over 60% of the buildings in the city, making him a titan in real estate and construction. His extensive assets across South Sudan contribute to his massive fortune.
2. Amin Akasha
Net Worth: Estimated at $250 million
Industry: Hospitality and Food Supply
Amin Akasha is a key player in South Sudan's commerce. He owns the South Sudan Palace Hotel and New Sudan Hotel in Juba. It is rumored that he supplies the entire Konyo Konyo Market with food items, making him a central figure in the nation’s food supply chain.
3. Bona Bol Bol Arech
Net Worth: Estimated at $200 million
Industry: Banking and Petroleum
Bona Bol Bol Arech, the founder and CEO of Arech Group of Companies, has diverse business interests spanning South Sudan and East Africa. His company collaborates with Nilepet to import fuel from East African countries. Additionally, he founded Afriland Bank in Juba and owns real estate in Juba and along Entebbe Road in Uganda.
4. Mr. Obac
Net Worth: Estimated at $180 million
Industry: Aviation and Military Supplies
Mr. Obac is a major stakeholder in South Subprime Airline, making him one of the most influential figures in South Sudan's aviation sector. Beyond aviation, he has lucrative contracts supplying the Sudan People's Liberation Army (SPLA) with uniforms, boots, and stationery.
5. Makiir Gai
Net Worth: Estimated at $170 million
Industry: Banking and Procurement
Makiir Gai, a close associate of President Salva Kiir, is a formidable business tycoon in Juba. He owns a majority stake in Alpha Bank and is known for his philanthropy, including a donation of over half a million dollars to the South Sudan Football Association. His enterprises include major government procurement contracts, particularly for the military, and extensive real estate holdings in Juba.
6. Benjamin Bol Mel
Net Worth: Estimated at $150 million
Industry: Construction
Benjamin Bol Mel’s fortune stems from his construction company, ABMC, which has played a crucial role in infrastructure development. However, the 2013 conflict negatively affected his business. Reports suggest he co-owns the company with President Kiir. He also operates a stone crushing site at Jebel Kunjur near ABMC's headquarters.
7. Ayii Duang Ayii
Net Worth: Estimated at $140 million
Industry: Hospitality and Healthcare
Ayii Duang Ayii is a prominent investor in South Sudan’s hospitality sector, owning hotels in major towns across the country. He also manages over five hospitals across five states. While the economic and political crises have impacted his ventures, his influence remains notable.
8. Kur Ajing
Net Worth: Estimated at $130 million
Industry: Automotive and Military Supplies
Kur Ajing is South Sudan's leading car dealer, supplying SUVs to government institutions and NGOs. He is rumored to have major contracts to provide food and uniforms to the army headquarters in Bilpham, cementing his role as a key supplier in the nation’s military sector.
9. Haji John
Net Worth: Estimated at $120 million
Industry: Banking and Retail
Haji John is a major shareholder in ICB Bank in Juba and one of South Sudan’s biggest car dealers. His business empire includes multiple shops and mini-supermarkets spread across the capital, making him a key figure in the country’s retail industry.
10. Emmanuel Jal
Net Worth: Estimated at $3 million
Industry: Arts and Entertainment
Emmanuel Jal is a renowned musician, actor, and activist, with an estimated net worth of $3 million. His wealth comes from his success in the entertainment industry, with investments in media, branding, and international music tours.
I think some of this people's networth are undervalued.
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