Uganda's Sudhir Ruparelia named richest East African

Uganda’s Sudhir Ruparelia

Uganda’s Sudhir Ruparelia has been named the wealthiest person in East Africa in a new ranking that highlights the continent’s rising income inequality. His wealth, estimated to be Sh100.1 billion, is largely generated from real estate investments.

Tanzania’s Rostam Azizi is listed as second with his telecommunications and financial investments estimated to be worth $1 billion (Sh91 billion).  Last year, Bidco Chief Executive Officer Vimal Shah was listed in a report by the London-based research firm, New World Wealth as the richest man in East Africa with a net worth of $1.6 billion (Sh145 billion). Vimal latter questioned the data used to compile the list, saying the wealth was from a family business, not only his.