Uganda’s Billionaires 2025: Sudhir Ruparelia Leads the Pack Once Again
Uganda’s economic landscape continues to flourish, driven by a cadre of moguls whose fortunes span real estate, telecommunications, agriculture, manufacturing, and hospitality.
The 2025 Forbes Africa Billionaires List has once again placed Uganda on the global wealth map, showcasing the country’s most influential business leaders. At the helm is Sudhir Ruparelia, whose $1.6 billion empire cements his place as Uganda’s richest man. But beyond Ruparelia’s dominance, the list features a diverse mix of seasoned magnates and ambitious entrepreneurs reshaping Uganda’s economic future.
Here are Uganda’s top billionaires in 2025:
1. Sudhir Ruparelia
•Net Worth: $1.6 billion
• Source of Wealth: Real Estate, Banking, Hospitality, Education
• Overview: The patriarch of the Ruparelia Group, Sudhir remains Uganda’s wealthiest individual. His portfolio includes iconic properties such as Speke Resort Munyonyo, Pearl Tower, and Kabira Country Club. Despite challenges like the 2017 closure of Crane Bank, Ruparelia’s ventures in real estate, education, and hospitality continue to thrive.
2. Drake Lubega
• Net Worth: $850 million
• Source of Wealth: Real Estate, Hospitality, Manufacturing
• Overview: With vast commercial properties across Kampala, Drake Lubega has established himself as one of Uganda’s leading landlords. His influence in hospitality and manufacturing has further strengthened his position.
3. Matovu Yanga
• Net Worth: $785 million
• Source of Wealth: Real Estate, Logistics
• Overview: Matovu Yanga has grown his fortune through premium real estate projects and logistics ventures, cementing his reputation as a key player in Uganda’s urban development.
4. John Bosco Muwonge
• Net Worth: $720 million
• Source of Wealth: Real Estate
• Overview: Known as the “city landlord,” Muwonge controls an extensive portfolio of commercial properties, making him one of the most dominant figures in Kampala’s real estate sector.
5. Godfrey Kirumira
• Net Worth: $700 million
• Source of Wealth: Petroleum, Real Estate, Manufacturing, Hospitality
• Overview: Kirumira’s diversified ventures, spanning oil distribution, hotels, and real estate, have made him a household name and a consistent presence among Uganda’s wealthiest.
6. Guster Lule Ntake
• Net Worth: $697 million
• Source of Wealth: Real Estate, Hospitality, Agriculture
• Overview: Guster has steadily expanded his wealth across agriculture, real estate, and hospitality, making him one of Uganda’s most influential but low-profile billionaires.
7. Tom Kitandwe
• Net Worth: $602.7 million
• Source of Wealth: Real Estate, Agriculture, Telecommunications
• Overview: Tom Kitandwe’s business interests bridge traditional sectors and modern industries, with telecom and agriculture forming the backbone of his empire.
8. Hamis Kiggundu (Ham)
• Net Worth: $601.9 million
• Source of Wealth: Real Estate
• Overview: At just 40, Hamis Kiggundu has established himself as one of Uganda’s youngest billionaires. His landmark projects include Ham Towers and other commercial developments that dominate Kampala’s skyline.
9. Christine Nabukeera
• Net Worth: $600 million
• Source of Wealth: Real Estate, Hospitality• Overview: Christine Nabukeera is among the few women in Uganda to break into the billionaire ranks. Her investments in real estate and the hospitality sector have set her apart as a trailblazer.
10. Charles Mbire
• Net Worth: $600 million
• Source of Wealth: Telecommunications, Finance, Energy
• Overview: A long-time face on Uganda’s rich list, Charles Mbire remains a key investor in telecom, finance, and energy, with a reputation as one of Uganda’s most influential boardroom figures.
11. SK Mbuga
• Net Worth: $300 million
• Source of Wealth: Real Estate, Luxury Investments
• Overview: SK Mbuga has built a name in luxury and real estate ventures both in Uganda and abroad. Known for his flamboyant lifestyle, his business interests continue to expand steadily.
12. Amos Nzeyi
• Net Worth: $250 million
• Source of Wealth: Beverages, Agriculture, Real Estate, Hospitality
• Overview: Amos Nezeyi’s investments span beverages, agriculture, and hospitality, making him a versatile entrepreneur with a growing fortune.
13. Nyanzi Martin Luther
• Net Worth: $120 million
• Source of Wealth: Media, Radio, International Business
• Overview: Nyanzi Martin Luther has established his fortune through radio, media houses, and international business ventures, including holdings in the UK and Japan. His presence on the list reflects the growing role of media in wealth creation.Uganda’s billionaire class reflects the country’s resilience, innovation, and ambition.
From real estate moguls to media investors, these tycoons are shaping Uganda’s economy while positioning the nation as an emerging powerhouse in East Africa.
