Ugandan business tycoon, investor and real estate developer Sudhir Ruparelia has an estimated net worth of $1.12 billion as of 2015, according to Forbes magazine; making him the richest person in Uganda. He is the chairman and majority shareholder of the Ruparelia Group.
Sudhir was born on 17 January 1956 in Kabatoro, Kasese, Uganda, into an upper middle class family. He studied at the Bat Valley Primary School in Kampala, Jinja Main Street Primary School in Jinja, Jinja Secondary School and Kololo Senior Secondary School. He moved to the UK along with his parents in 1972 when the Indophobic dictator Idi Amin expelled all Asians from Uganda. He had his GCE Advanced Level in the United Kingdom.
Sudhir Ruparelia did many small jobs while in the UK. He returned to Uganda with $25,000, which he had saved. He founded Crane Bank in 1995. He organized his businesses under the umbrella of the Ruparelia Group of Companies. Today the group is one of the largest privately owned conglomerate in Uganda, which interest include banking, insurance, foreign exchange bureaux, real estate development and management, education, floriculture, hotels, resorts and broadcasting. Through the group, Ruparelia owns more than 300 commercial and residential properties.
Ruparelia is married to Jyotsna. They have three children. Two of them, Rajiv and Meera, hold senior positions in Ruparelia Group.