Robert Kyagulanyi, a.k.a Bobi Wine, might have gained international recognition as a politician in 2021 after the general elections where he contested for the hottest seat in Uganda, but that’s not the first time that his name has crossed borders.
Before trying his hand in politics, Bobi Wine was one of East Africa’s biggest names in the music industry. His career in music, politics, and business have earned him immense wealth, and he is currently considered the East African artist with the highest net worth.
Let’s take a look at Bobi Wine’s impressive net worth and everything that has contributed to his massive wealth.
What is Bobi Wine’s net worth?
According to Forbes, Bobi Wine’s net worth in 2022 stands at around USD 7 million; this is equivalent to about UGX 24.6 billion. Very impressive, don’t you agree?
The net worth is a total of all Bobi Wine’s assets minus his liabilities, or what he owes.
Unlike many millionaires in Uganda who either inherited their wealth from their rich parents or used dishonest means to get their money, Bobi Wine is believed to have accumulated his wealth through hard work and smart investments.
How does Bobi Wine make his money?
Bobi Wine has several revenue streams that have contributed to his net worth. We will look at each of his sources of livelihood and how he earns from it.
As a musician, he earns royalties and licensing fees for his music, and he also gets paid for live performances.
In addition to that, his song ‘Kiwani’ was used as a soundtrack in the 2016 Disney movie ‘Queen of Kitwe,’ so he earned some big dollars from that.
Over the years, Bobi Wine has appeared in several films that have also earned him money. Some of the films that he has been featured in include ‘Binayuganda,’ which was released in 2010, and ‘Situka’ in 2015.
As a politician, Bobi Wine served as a member of parliament for Kyadondo County East constituency in Wakiso District between 2017 and 2021.
The average monthly salary for an MP is around $8,715, not to mention the numerous allowances they get. Bobi Wine currently serves as the National Unity Platform party leader, where he earns a token of appreciation every month.
Besides his successful political and music career, Bobi Wine is also an astute businessman who started trading way before becoming a musician. As a young man in Kamwokya Slum, Bobi used to sell random things like CDs.
Right now, Bobi Wine is a significant player in the transport industry, where he owns a fleet of taxis and motorbikes. He also owns a recording label, just to mention a few.
Bobi Wine’s assets
Some of Bobi Wine’s enviable assets that contribute largely to his net worth include large tracts of lands in prime locations, a private beach in Busabala, several houses, boats, and a fleet of luxury cars.
Let’s take a look at his palace and cars briefly.
Bobi Wine’s cars
As the wealthiest musician in East Africa, Bobi Wine drives like royalty. His garage has only the latest models of expensive luxury machines, including:
- Toyota Land Cruiser V8
- GMC Yukon
- Toyota Tundra
- Toyota Prado TX
- 2002 Cadillac Escalade
Bobi Wine’s house
Along with driving like a king, Bobi Wine also lives like a king in a modern-day palace that is located in the outskirts of Kampala.
The mansion sits on a 10-acre piece of land, and it cost around UGX 400 million at the time of acquisition.
Is Bobi Wine the richest musician in Africa?
Bobi Wine is among the top twenty wealthiest musicians in Africa. He is currently the richest musician in Uganda as well as the whole of East Africa.
Other Ugandan musicians with impressive net worth include Jose Chameleone and Eddy Kenzo.