Uganda’s economic landscape has given rise to a select group of ultra-wealthy business leaders whose empires dominate key industries. From real estate and banking to hospitality, trade, and manufacturing, these billionaires have shaped the nation’s business environment while leaving an indelible mark on East Africa’s economy. In 2025, their fortunes reflect not only entrepreneurial success but also the growing potential of Uganda as a regional hub for investment and innovation.
Sudhir Ruparelia – $1.6 Billion
At the helm of the Ruparelia Group, Sudhir Ruparelia remains Uganda’s richest man. His diverse empire spans real estate, hospitality, education, insurance, media, and finance. Known for his luxury hotels, premium schools, and high-value property developments, Sudhir has become a symbol of resilience and diversification in Uganda’s private sector.
Hamis Kiggundu – $1.2 Billion
Popularly known as Ham, Kiggundu represents the new generation of billionaires. His Ham Group dominates real estate, hospitality, agro-processing, logistics, and international trade. He is also spearheading mega redevelopment projects in Kampala, including shopping malls and modern infrastructure, positioning himself as a visionary shaping Uganda’s urban future.
Amos Nzeyi – $1 Billion
With vast investments in real estate, bottling, banking, hospitality, and bakeries, Amos Nzeyi is firmly in the billionaire ranks. His diversified portfolio across sectors vital to Uganda’s growth demonstrates his far-reaching influence in the business world.
Drake Lubega – $1 Billion
Property magnate Drake Lubega has built one of Uganda’s largest real estate empires. With prime assets in Kampala and Kololo, his fortune is rooted in property development and commercial buildings, making him a key force in Uganda’s real estate boom.
Madhvani Family – ~$1 Billion
The Madhvani Group, headquartered in Kakira, remains one of Uganda’s oldest and largest conglomerates. With major operations in sugar production, agribusiness, manufacturing, and hospitality, the Madhvani family continues to dominate Uganda’s industrial and agricultural sectors, sustaining generational wealth.
Uganda’s Emerging Tycoons Below a Billion
Beyond the billionaires, Uganda boasts a growing class of ultra-high-net-worth individuals. Karim Hirji ($700+ million), Alykhan Karmali ($700 million), Charles Mbire ($600 million), and Omar Mandela ($550 million) represent this tier. Their investments range from telecoms and banking to real estate, hospitality, and international trade. These business leaders play crucial roles in expanding Uganda’s global economic footprint.
Conclusion
Uganda’s top billionaires in 2025 represent both long-standing family empires and dynamic new entrants. Their fortunes come from a mix of real estate, finance, trade, industry, and hospitality, proving the diversity of Uganda’s economic potential. As they continue to shape policy influence, create jobs, and drive investment, these billionaires are not just business titans—they are the architects of Uganda’s economic future.
