2023 Rankings: City Businessman Sudhir Ruparelia Named Among Top 20 Richest Billionaires In Africa
Uganda’s businessman Sudhir Ruparelia has been named among the 20 richest people in Africa with a network of over 1.4 Billion dollars in the latest ranks.
Sudhir Ruparelia is a Ugandan businessman who made his fortune in real estate and he is the founder and chairman of the Ruparelia Group, a conglomerate with interests in insurance, hospitality, real estate, and education. Ruparelia is also a philanthropist and has donated to various charitable causes in Uganda.
Sudhir also owns a couple of companies among them including; Premier Recruitment Limited – Kampala, Crane Management Services Limited – Kampala, Delhi Public International School-Naguru, Kampala, Goldstar Insurance Company Limited – Kampala, Kabira Country Club – Bukoto, Kampala, Kampala International School Uganda, Kampala Parents’ School, Kampala Speke Hotel – Kampala, Meera Investments Limited – Kampala.
Others are; Munyonyo Commonwealth Resort – Munyonyo, Premier Roses Limited – Entebbe, Rosebud Limited – Entebbe, Sanyu FM 88.2 – Kampala, Speke Apartments Limited – Kampala, Speke Resort and Conference Center – Munyonyo, Kampala, Kampala Tourist Hotel – Kampala, Victoria University Uganda – Kampala, Vcon Construction Uganda Limited.
Meanwhile, other tycoons on the latest list of Africa’s billionaires, include;
- Aliko Dangote (Nigeria) – $13.5 billion
Dangote is a businessman who made his fortune in cement, sugar, and flour. He is the founder of the Dangote Group, which operates in 10 African countries.
2. Nassef Sawiris (Egypt) – $9.6 billion
Sawiris is an Egyptian billionaire businessman and the CEO of Orascom Construction Industries, a company involved in infrastructure projects such as airports and highways.
3. Nicky Oppenheimer & family (South Africa) – $8 billion
The Oppenheimer family has been involved in the diamond industry for generations and made their fortune through their stake in the diamond mining company De Beers.
4. Johann Rupert & family (South Africa) – $7.2 billion
Rupert is the chairman of the luxury goods company Richemont, which owns brands such as Cartier, Montblanc, and Dunhill.
5. Mike Adenuga (Nigeria) – $6.5 billion
Adenuga is a businessman who made his fortune in telecommunications, oil, and banking. He is the founder of Globacom, a leading telecommunications provider in Nigeria.
6. Abdulsamad Rabiu (Nigeria) – $5.5 billion
Rabiu is the founder and chairman of BUA Group, a conglomerate with interests in cement, sugar, and other industries.
7. Issad Rebrab & family (Algeria) – $4.4 billion
Rebrab is the founder and CEO of Cevital, a conglomerate with interests in food, retail, and real estate.
8. Naguib Sawiris (Egypt) – $4 billion
Sawiris is the chairman of Orascom Telecom Media and Technology, a company that operates in telecommunications and media.
9. Koos Bekker (South Africa) – $3.1 billion
Bekker is the former CEO of Naspers, a multinational media and internet group that operates in more than 100 countries.
10. Mohamed Mansour (Egypt) – $2.7 billion
Mansour is the chairman of Mansour Group, a conglomerate with interests in automotive, retail, and real estate.
11. Patrice Motsepe (South Africa) – $2.5 billion
Motsepe is the founder and chairman of African Rainbow Minerals, a mining company that operates in South Africa and other African countries.
12. Aziz Akhannouch (Morocco) – $2.3 billion
Akhannouch is the CEO of Akwa Group, a conglomerate with interests in oil and gas, real estate, and media.
13. Yasseen Mansour (Egypt) – $1.9 billion
Mansour is the co-owner of Mansour Group along with his brothers Mohamed and Youssef.
14. Othman Benjelloun (Morocco) – $1.8 billion
Benjelloun is the CEO of BMCE Bank of Africa, one of the largest banks in Morocco.
15. Folorunso Alakija (Nigeria) – $1.6 billion
Alakija is a businesswoman who made her fortune in oil and is the founder of Famfa Oil, a Nigerian oil exploration company.
16.Youssef Mansour (Egypt) – $1.5 billion
Mansour is the co-owner of Mansour Group along with his brothers Mohamed and Yasseen.
17. Mohammed Dewji (Tanzania) – $1.4 billion
Dewji is the CEO of MeTL Group, a Tanzanian conglomerate
18. Strive Masiyiwa (Zimbabwe) – $3.3 billion
Strive Masiyiwa is a Zimbabwean entrepreneur and philanthropist who is the founder and executive chairman of Econet Wireless, a telecommunications company that operates in several African countries. He is also a member of the Africa Progress Panel, a group of distinguished individuals who advocate for equitable and sustainable development in Africa.
19. Abdulsalam Rabiu (Nigeria) – $1.2 billion
Abdulsalam Rabiu is a Nigerian businessman and the founder and chairman of BUA Group, a conglomerate with interests in cement, sugar, and other industries. He is also a philanthropist and has donated to various causes in Nigeria, including education and healthcare. Rabiu is committed to developing Nigeria’s economy and creating job opportunities for its citizens.
