The usual trend right now is for most people to think that most billionaires dropped out of school, and didn’t complete their University Education. The world is fed with stories of the likes of Steve Jobs, Mark Zuckerberg and Bill Gates just to mention but a few. And in Uganda, everyone is pumped with untold stories of the successful kikubo businessmen who didn’t go past high school. Whereas everyone talks about the school drop outs that became successful, no one mentions the other bigger percentage of drop outs that ended up as failures. And above all, no one mentions the Ugandan billionaires that completed their University degrees. We bring you 10 Ugandan billionaires that completed their University education.
1. Andrew Rugasira
When you speak of coffee in Uganda, the first name that comes to mind is Andrew Rugasira. He is the man behind Good African Coffee. His brand was the first African-owned coffee brand to be listed in UK supermarkets (Waitrose, Sainsbury’s and Tesco). But that’s not all; Rugasira graduated from the University of London with a degree in Law and Economics, in 1992.He is a Fellow of the Royal Society of Arts, London and has spoken there on the theme “Trade not Aid for Africa.” In June 2011, he completed an MSc in African studies at Oxford University, UK. What is his net worth? As of 2012, he was estimated to be worth $10 million, a figure that has probably doubled since then.
2. Bob Kabonero
At a net worth of about $50 million, Kabonero is the man behind Kampala and Pyramid Casinos. Among other things, he has an airtime distribution franchise. More surprising, he graduated with a Bachelors of Arts with honors in Business Administration and Retail Management in 1992 from the Oxford Brookes University.
3. Charles Mbiire
He’s among the top five richest Ugandans. He has more than USD 200 million in wealth. From studying at St.Mary’s College Kisubi for O-Level to studying at Namasagali College for A-levels, Mbiire went on to obtain a honors degree of Bachelor of Science, from Essex University in England. We are not done yet, the man also has a Master of Business Administration from Leicester University. His long chains of investments are in telecommunications, finance, energy, real estate, pharmaceuticals, agribusiness, and transportation.
4. Emmanuel Katongole
The great entrepreneur behind Quality Chemicals, a pharmaceutical conglomerate with an annual turnover of over $50 million is not a joking subject. He studied at Namilyango College, Uganda’s oldest Secondary school for his O and A-level. He later joined Makerere University where he graduated with a degree of Bachelor of Statistics (B.Stat). His Master of Arts in Economic Policy and Planning (MA.EPP) was also obtained from Makerere University. He’s also one of the people behind Vero Foods and is a member of the Initiative for Global Development (IGD) – Frontier 100, a group that joins the most successful business leaders operating in frontier markets, with business leaders from Europe and the United States.
5. Dr. Martin Aliker
Born in October 1928, the great dental surgeon is currently the Chancellor of Victoria University and was also a founding chancellor of Gulu University. His Wikipedia Profile reads: He attended Gulu High School for his primary education, before transferring to Kings College Budo for his O-Level studies. In 1948, he was admitted to Makerere University, the oldest public university in East Africa. Before he could complete his studies at Makerere, he won a scholarship to Northwestern University, in Chicago, Illinois, USA, where he studied Political Science, graduating with a Bachelor of Arts degree. Following that, he was awarded a Fulbright Scholarship to study dental surgery also at Northwestern, graduating with the degree of Doctor of Dental Surgery (DDS). Later, he studied for and was awarded the title of Fellow of the Royal College of Surgeons (FRCS), awarded by the Royal College of Surgeons of England. What’s his worth? He is over $10 million.
6. Dr. Ian Clarke
The Mayor of Makindye Division has as much academic clout as monetary clout. As of 2014, he was estimated to be worth $15million. He’s behind International Hospital Kampala, many other hospitals and a University. He studied human medicine at Queens University Belfast, graduating in 1976, with the degree combined degree of Bachelor of Medicine and Bachelor of Surgery with Bachelor of Obstetrics, (MBChB BAO), as is customary in Irish medical schools. Later, in 1987, he obtained the Diploma in Tropical Medicine and Hygiene (DTM&H), from the Liverpool School of Tropical Medicine. He followed up in 1994 with the degree of Master of Science in Public Health (MSc), also from Liverpool School of Tropical Medicine.
7. Elvis Sekyanzi Wavamunno
He is one of the few sons to Uganda’s richest men to ever break out of his father’s shadow. Sekyanzi is a graduate engineer from the London College of Electronics. The son to Gordon Wavamunno worked with Tumpeco Company and was the one who designed the new license plates currently in use in Uganda. Together with Aga Sekalala Jnr, he opened up Club Silk. As of 2012, he was worth about $8 million.
8. Aga Sekalala Jnr
Another son of a successful businessman, Sekalala is a Managing director at Radio Simba and is also a director in Ugachick poultry breeders. He also plays a pivotal role in the running of Club Silk. He holds a Degree in Chemical Engineering from the University of America. Analysts put his net worth at a total of over $13 million.
9. John Ssebana Kizito
The man behind Statewide Insurance Company (SWICO) celebrates whenever you buy an insurance cover and nothing happens to you. That amounts to profit for him. He’s been a former President of the Democratic Party, Chairman of National Insurance Corporation and also, a former Mayor of Kampala City. He attended Kings College Budo and is a graduate of Makerere University. In 1960, He graduated with a Master of Arts (MA) degree in Economics from the University of Oregon in Eugene, Oregon, USA. His wealth is estimated to the tune of $20 million.
10. Dr. John Chrysestom Muyingo
He first grew to popularity as a Minister in Charge of Education in the Mengo Government. He later went ahead to transform the state of Education in what are now some of Uganda’s top ten schools. These include; St. Joseph’s Nagalama, Uganda Martyrs SSS Namugongo and his own schools-Seeta High School. Previously he served as a State Minister in Charge of Higher Education and was later appointed to the Primary Education Sector. He is also the elected Member of Parliament for “Bamunanika County”, Luweero District. He joined Makerere University in 1983 and graduated in 1986 with the degree of Bachelor of Science with the Diploma in Education (Dip.Ed). He also holds the degree of Master of Arts in Educational Management, obtained in 1996 and the degree of Doctor of Philosophy, obtained in 2004, both from Makerere University. The dissertation for his doctorate focused on the financing of university education in Uganda. He’s estimated to be about $16 million in worth.