As Uganda’s economy continues to thrive, a select group of visionary entrepreneurs has emerged as the driving force behind the nation’s rapid growth. The latest Forbes Africa Billionaires List for 2025 reveals the top 10 wealthiest individuals in Uganda, whose combined influence spans real estate, telecommunications, manufacturing, and hospitality.
Topping the list once again is Sudhir Ruparelia, whose $1.6 billion empire cements his status as Uganda’s richest man. But beyond the staggering figures, these billionaires are reshaping the country’s economic landscape, creating jobs, and investing in critical sectors.
The Top 10: Wealth, Power, and Influence
- Sudhir Ruparelia ($1.6 billion) – The undisputed king of Uganda’s business world, Ruparelia Group dominates real estate, hospitality, and education.Landmarks like Speke Resort Munyonyo and Kabira Country Club stand as testaments to his empire.
- Drake Lubega ($850 million) – A real estate mogul with prime properties across Kampala, Lubega has expanded into hospitality and manufacturing, solidifying his place among Uganda’s elite.
- Mansoor Matovu Yanga ($785 million) – From high-end commercial properties to a thriving logistics network, Yanga’s investments ensure a steady flow of wealth.
- John Bosco Muwonge ($720 million) – A low-profile but highly influential property tycoon, Muwonge owns key commercial and residential assets in Kampala’s business district.
- Godfrey Kirumira ($700 million) – Chairman of Kwagalana Group, Kirumira’s wealth stems from petroleum, real estate, and hospitality, making him a key player in multiple industries.
- Guster Lule Ntake ($697 million) – Balancing real estate, hospitality, and agriculture, Ntake’s diversified approach has earned him a spot among Uganda’s wealthiest.
- Tom Kitandwe ($602.7 million) – A leader in agribusiness with vast landholdings, Kitandwe has expanded into telecom and real estate, showcasing his strategic acumen.
- Hamis Kiggundu ($601.9 million) – At just 40, “Ham” is one of Uganda’s youngest billionaires, with a real estate portfolio that includes Ham Towers and the redeveloped Nakivubo Stadium.
- Christine Nabukeera ($600 million) – A powerhouse in real estate and hospitality, Nabukeera’s investments continue to shape Uganda’s urban development.
- Charles Mbire ($600 million) – As chairman of MTN Uganda, Mbire’s influence extends beyond telecom into finance, energy, and pharmaceuticals.
Beyond Wealth: Economic and Social Impact
These billionaires are not just accumulating wealth—they are actively transforming Uganda’s economy. Through job creation, foreign investment, and philanthropy, they are laying the foundation for sustainable growth.
Sudhir Ruparelia’s Ruparelia Foundation supports education, funding schools and scholarships.
Hamis Kiggundu champions youth empowerment through mentorship and entrepreneurship programs.
Charles Mbire’s telecom investments are expanding digital access, fostering financial inclusion.
Forbes’ 2025 list underscores Uganda’s growing economic potential, driven by a dynamic private sector. While global challenges persist, these business leaders prove that innovation and resilience can fuel prosperity.
As Uganda looks to the future, one thing is clear: its billionaires are not just wealthy individuals—they are nation-builders.
