Sudhir has been listed by Forbes Magazine as one of the richest men in the World. The Ruparelia group boss ranks 24th in Africa and 1465th in the world on the list of the richest men alive.
He is worth 2.9trillion shillings but this will even increase as soon as his multi -million dollar health and education facility project around Mulago area is done.
For this, he has been made the face of Forbes Africa Magazine for April 2014.
In the magazine they talk about his life from a taxi driver to a US$1.1 Billion King, plus the tough life of the man who turned down Gaddafi and is ranked by Forbes as the 24th wealthiest in Africa.
Those who have seen the magazine say that his story is quite inspirational with some lessons to learn.
Sudhir Ruparelia, East Africa’s richest man, is new to the Forbes World’s Billionaires list this year. He is the founder of the Ruparelia Group, Uganda’s largest conglomerate, with interests in property, banking, education, insurance and agriculture. It owns a chain of hotels, hundreds of commercial and residential properties in Kampala, a country club, a chain of foreign exchange bureaus, two secondary schools and Crane Bank, one of Uganda’s top three commercial banks.
In 2013 he acquired Uganda’s Victoria University, promising to invest $10 million in the next few years to make it one of East Africa’s finest.
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. He started a commodities trading business and foreign exchange bureaus. His son and daughter, Rajiv and Meera occupy senior positions in his company. (Forbes.com)
Staff Writer.