Sudhir Ruparelia: Sudhir Ruparelia Net Worth, Biography, Age, Spouse, Children & More

About Sudhir Ruparelia

Ugandan magnate Sudhir Ruparelia, renowned for his vast empire under the Ruparelia Group, holds the majority stake in a diverse portfolio including banking, real estate, education, and hospitality, scaling an impressive net worth of US$1.2 billion as of 2023. Born on January 17, 1956, in Uganda, Sudhir's journey from fleeing to the UK in 1972 due to political unrest, to founding Uganda's first forex bureau, Crane Forex Bureau, in 1989, and establishing a leading bank in 1995, highlights a remarkable career in entrepreneurship. Despite the setback with Crane Bank's takeover by Uganda's central bank in 2016, a Supreme Court ruling in July 2022 mandated its return to Sudhir, reinstating his financial legacy. A recipient of numerous awards, including a Golden Jubilee Presidential Medal in 2013, Sudhir's contributions extend beyond business, serving as the honorary Consul of Nepal to Uganda since 2020.

Born

January 01, 1956 in Kabatoro, Kasese, Uganda

Age

70 years

Source Of Wealth

Real Estate

Industries

Diversified

Citizenship

Uganda

Residence

Kampala

Spouse

Jyostna Ruparelia (Married: 1977)

Children

Rajiv Ruparelia, Sheena Ruparelia, Meera Ruparelia

Sudhir Ruparelia was born on January 17, 1956, in Kabatoro, Kasese District, Uganda. He attended schools in Uganda and the United Kingdom. In 1972, due to Idi Amin's expulsion of Asians from Uganda, Sudhir and his family fled to the United Kingdom.

Sudhir Ruparelia: Family

Sudhir Ruparelia is married to Jyotsna since 1977. They have three children: Meera, Rajiv, and Sheena. Sudhir owns the largest domestic residence in East Africa, spanning 130,000 square meters.

Sudhir Ruparelia: Career Highlights

Sudhir Ruparelia returned to Uganda in 1985 and started selling imported beer and spirits. He founded Crane Forex Bureau in 1989, the first in Uganda. In 1995, he established Crane Bank, which won multiple Banker of the Year awards from the Financial Times in London. Sudhir acquired the assets and liabilities of the National Bank of Commerce in 2012 and established Crane Bank Rwanda Limited in 2014.

Sudhir Ruparelia: Companies

Sudhir Ruparelia is the chairman and majority shareholder in the companies of the Ruparelia Group. The group has investments in banking, insurance, education, broadcasting, real estate, floriculture, hotels, and resorts.

Sudhir Ruparelia: Major Achievements

Sudhir Ruparelia became Uganda's first billionaire in 2014. He was also ranked as the richest person in East Africa and the 28th richest person in Africa at that time. In 2007, he was awarded an honorary Doctor of Laws degree in business by Uganda Pentecostal University.

Sudhir Ruparelia: Awards & Achievements

Sudhir Ruparelia has received numerous awards and honors, including the Golden Jubilee Presidential Medal in 2013 for his contributions to business and industry in Uganda.

Sudhir Ruparelia: Personal Life & Legacy

Sudhir Ruparelia is known for his philanthropic work and contributions to various charitable causes. He has also been involved in diplomatic work, serving as the honorary Consul of the Republic of Nepal to Uganda since February 2020.

Sudhir Ruparelia: Trivia

Sudhir Ruparelia started his business career with just US$25,000 in 1985.

He became the number one dealer in imported beer in Kampala and later expanded his businesses into various sectors.

Wealth History

Timeline

January 17, 1956

Sudhir Ruparelia is born in Kabatoro, Kasese District, Uganda.

1972

Sudhir Ruparelia and his family flee to the United Kingdom due to Idi Amin's expulsion of Asians from Uganda.

1985

Sudhir Ruparelia returns to Uganda and starts selling imported beer and spirits.

1989

Sudhir Ruparelia founds Crane Forex Bureau, the first licensed forex bureau in Uganda.

1995

Sudhir Ruparelia establishes Crane Bank with a focus on professionalism and low interest rates.

2007

Sudhir Ruparelia is awarded an honorary Doctor of Laws degree in business by Uganda Pentecostal University.

2012

Sudhir Ruparelia acquires the assets and liabilities of the National Bank of Commerce.

2014

Sudhir Ruparelia establishes Crane Bank Rwanda Limited.

2016

Crane Bank is taken over by the central bank of Uganda due to undercapitalization.

2017

Crane Bank is sold to Dfcu Bank. The central bank shuts down four forex bureaus due to unrenewed licenses.

July 2022

The Ugandan Supreme Court rules that Crane Bank be reverted to Sudhir. Bank of Uganda is ordered to pay costs due to fraudulent transactions.

February 2020

Sudhir Ruparelia is appointed as honorary Consul of the Republic of Nepal to Uganda.

March 2020

Sudhir Ruparelia presents credentials to Uganda's foreign minister.

Sudhir Ruparelia : FAQs

What is Sudhir Ruparelia's net worth?

As of 2015, Sudhir Ruparelia's net worth was $1.10 billion.

What are Sudhir Ruparelia's main sources of wealth?

Sudhir Ruparelia's main source of income comes from Real Estate.

In which industry does Sudhir Ruparelia primarily operate?

Sudhir Ruparelia is primarily involved in the Diversified industry.

How old is Sudhir Ruparelia?

Sudhir Ruparelia is 70 years old.

How many children does Sudhir Ruparelia have?

Sudhir Ruparelia has 3 children.

What significant event marked the beginning of Sudhir Ruparelia's business career?

The significant beginning of Sudhir Ruparelia's business career was in 1985 when he started a small trading firm with US$25,000, selling imported beer and spirits in Uganda.

What major legal victory did Sudhir Ruparelia achieve in July 2022 concerning Crane Bank?

In July 2022, Sudhir Ruparelia achieved a major legal victory when the Ugandan Supreme Court ruled that Crane Bank should be reverted to him, with the Bank of Uganda ordered to pay costs due to fraudulent transactions.

What contributions has Sudhir Ruparelia made in the field of education and diplomacy?

Sudhir Ruparelia has made significant contributions in the field of education through investments and has served as the honorary Consul of the Republic of Nepal to Uganda since February 2020.

How has Sudhir Ruparelia been recognized for his contributions to business and industry in Uganda?

Sudhir Ruparelia has been recognized for his significant contributions to business and industry in Uganda with the awarding of a Golden Jubilee Presidential Medal in 2013 and an honorary Doctor of Laws degree in business by Uganda Pentecostal University in 2007.