Sudhir Ruparelia’s profile picture

Sudhir Ruparelia

Sudhir Ruparelia’s profile picture
Net worth 2018: $1.1 Billion
Industry: Diversified
Country: Uganda
BirthDay: 17 January 1956
Sigh: Aquarius
Children: 3
BIOGRAPHY

Sudhir Ruparelia was bornon 17 January 1956 in Uganda. Sudhir Ruparelia is the founder of Ruparelia Group, one of Uganda's largest conglomerates. The company owns a commercial bank, a string of hotels and country clubs and more than 200 commercial properties. He started building his empire in Uganda in 1985 after returning from the United Kingdom, when he went after being expelled from Uganda by then President Idi Amin in 1972 along with the other Asians in the country. Ruparelia began by importing beer and salt from Kenya and subsequently started a foreign exchange bureau which laid the foundation for his entry into commercial banking. In 2013 he acquired Victoria University, Kampala.

NET WORTH STATISTIC
2014

$1.1 Billion

2015

$1.1 Billion

2018

$1.1 Billion

TIMELINE
2016

On 20 October 2016, the Bank of Uganda, which regulates all banks in Uganda, took control of Crane Bank, the largest subsidiary of the Ruparelia Group, due to a significant decline in capital and potential run on the bank

2015

According to Forbes in 2015, he was the 27th wealthiest individual in Africa, with an estimated net worth of US$800 million

2014

Ruparelia is married to Jyotsna, and they have three children: Meera (married to Ravi Kotecha in 2014) is the eldest, Rajiv is his only son, and Sheena is the younger daughter

1995

With his profits, Ruparelia ventured into other businesses, including forming Crane Bank in 1995

1989

In 1989, beer importation was banned to encourage local brewing of alcohol and he realised he could not make beer

1985

He returned to Uganda in 1985, with US$25,000 earned from several casual jobs including working in supermarkets, factories, and butcheries

1972

He moved to the United Kingdom with his parents in 1972 at the age of 16, when the dictator Idi Amin expelled all Asians from Uganda

1956

Sudhir Ruparelia (born 17 January 1956) is an Indian business magnate and investor

1918

His grandfather was born in Uganda in 1918 and his father in 1932

1897

His great-grandfather reached Mombasa, Kenya in 1897 from India and set up a trading store there before coming to Uganda in 1903

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