Richest Man in Uganda 2020

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1. Sudhir Ruparelia

Richest Man in Uganda

Sudhir Ruparelia is a Ugandan business magnate and investor. He is the chairman and majority shareholder in the companies of the Ruparelia Group.

His investments are mainly in the areas of banking, insurance, education, broadcasting, real estate, floriculture, hotels, and resorts.

According to Forbes in 2020, he is the wealthiest individual in Uganda, with an estimated net worth of US$1.2 billion.

2. Alykhan Karmali


Alykhan Karmali is a businessman, entrepreneur, industrialist, and philanthropist in Uganda.

He is the managing director of Mukwano Industries Uganda Limited, a member company of the Mukwano Group.

He also served as a non-executive director of Exim Bank (Uganda), a commercial bank in which the Mukwano Group maintains 36.5 percent shareholding. Karmali’s networth places him around $700 million.

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