Top 10 Youngest Billionaires In Uganda

Posted by: lukwago J in Business January 18, 2016

6). Miraj Barot

Miraj is one of Uganda’s youngest billionaires managing three different family businesses such as Tirupati Development, Tulip Consultancy, Virat Alloys and the recently acquired Sembule Steel Mills. In 2012, Uganda investment Authority named Miraj Barot as the youngest entrepreneur,^[1] he invested over $30 million inTirupati Development, a real commercial estate Which includes Ovino market, Mazima mall in Kabalagala,Kyebando warehouses and etc.^[5]

7). Albert Muganga

Albert is a young entrepreneur and a billionaire,^[9] the founder of the private limited logistics company in Uganda known as Kenlloyd Logistics, Albert who is also married to Sam Kuteesa’s daughter Ishta Kuteesa, was also appointed by a German logistics company called DB Schenker as their country exclusive representative,^[1] a real estate dealer and also a majority shareholder of Pioneer Easy Bus.

8). Deox Tibeingana

Deox is also one of the youngest billionaires in Uganda,^[2] he is the founder of a very powerful and efficient full-service law firm known as Tibeingana and Company Advocates which handles legal work for giant companies, he is an advocate of the high court of Uganda and all courts of judicature in Uganda, he is also the owner of Rivonia Hotel located in Mbuya, in Kampala, his hotel has 16 suites and a luxurious health club, he is also a real estate dealer.^[6]

9). Mugisha Odrek Rwabwogo

Mugisha is a young billionaire owning a public relations company known as Terp Consult which has got several lucrative contracts from the government, the major one being the US$1 million Gifted By Nature CNN marketing campaign.^[3] Mugisha who is married to a president’s second daughter, Patience Museveni was also awarded the 2007 CHOGM communication and publicity contract which he managed with Saatchi & Saatchi Company.^[7]

10). Edwin Karugire

Edwin is one of the youngest billionaires in the country,^[4] he is one of the Co-founders of a powerful law firm known as Kiwanuka & Karugire Advocates located on Acaccia avenue in Kampala, he is reportedly said to have managed the selling of the former assets of Uganda Railway Corporation, Edwin who married the eldest daughter of the president, Natasha Museveni also handles very powerful legal cases worth of billions of money, he also owns one of the biggest cattle farms in the country and he is a real estate dealer with serious buildings in Kampala.^[1]

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