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Sudhir Ruparelia Net Worth: The Richest Man in Uganda

/ July 3, 2014

Sudhir Ruparelia’s net worth is $1.1 billion. This 58 year old self-made billionaire is East Africa’s richest man. He is the founder of the Ruparelia Group, a conglomerate with interests in banking, properties, education, agriculture and insurance. He was born in Uganda but moved to the United Kingdom with his parents at age 16 after President Idi Amin expelled all Asians in 1972. He worked small jobs in the U.K. and returned to Uganda in 1985 with $25,000 in savings and started a commodities trading business.

Net Worth: $1.1 Billion

Source of Wealth: Real Estate

In fact Ruparelia Group it is now the largest conglomerate in Uganda. It owns hundreds of residential and commercial properties in Kampala, a chain of hotels, a chain of foreign exchange bureaus, a country club, Crane Bank and two secondary schools. Crane Bank is one of Uganda’s top three commercial banks.

Sudhir is married and has three children; two of them Rajiv and Meera hold senior positions in the company.