However, Sudhir has continued to invest in upscale accommodations and office spaces, as well as commercial buildings in DownTown Kampala. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. He is building warehouses for agro produce sales and rents them out. From his humble beginning as a street vendor and makeshift trader of imported items in Uganda, Hamid Kiggundu has risen to become one of the most prominent business minds in the East African Community and Sub-Saharan Africa. What started off as a small trading enterprise has grown from strength-to-strength and become the face of the multinational organisation it is today. [8][9][10], Kiggundu was born and raised in a Muslim family. So you started your business journey by trading garments, furniture and ladies bags. The donations made were not simply limited to the task force, as Kiggundu expanded his support to over 100 Ugandan journalists through the Uganda Journalists Association. The only way to pull Africa out of poverty to prosperity is for us Africans to accept it as our responsibility and obligation. On Wednesday, Justice Adonyo ordered Diamond Trust Bank Uganda and Kenya to refund more than 120 Billion Shillings they illegally deducted from two accounts of Kiggundu. He has also raised buildings at Arua park, Parkyard, and behind Gazaland. Hamis Kiggundu (born February 10, 1984), commonly known as Ham, [1] [2] [3] [4] is a Ugandan businessman, investor, real estate and property developer, philanthropist, [5] author and lawyer. With its focus on customer service, profitability and sustainability, The Ham Group is set to remain an important force in Uganda and internationally for years to come. He also added several new stands and a modern scoreboard. Born in 1984 and raised in a Muslim family. Homepage. Mohammed Hamid is one of the youngest people in Uganda to be worth millions of dollars, and he is thought to be one of the richest people in the world. His net worth was about $1.2 billion as of 2019. I imported clothes and commodities from China, Thailand, Hong Kong, and Dubai, and distributed them wholesale both in Uganda and in neighboring countries, like Kenya, Tanzania, Burundi, Congo and Sudan. This came as a recognition of his contribution to the countrys economic progress. . The outspoken young tycoon is said to be collecting not less than USD1 million a month. Kiggundu learnt the business from his father who was a businessman in Kampala, dealing in textiles. Hamis Kiggundu is one of the wealthiest people in Uganda as of 2023 and is supposed to have an estimated net worth of $1 billion. Managers must have emotional intelligence and stamina. He has actively pursued a number of social and economic development initiatives in Uganda through his charity foundation the Karibu Foundation. He now boasts of buildings including Giant shopping arcade in Kikuubo, Nakasero complex on Nakivubo road, Mid-city arcade on Nakivubo Road, Mackay Buildings on Old Rashid Kaharmis Road among others. As my trading business thrived, I opted to venture into a more sophisticated business and real estate was a natural fit for me. Current pictures Ham's Residence, home of Hamis Kiggundu, C.E.O of Ham Enterprises (U) Ltd show that the posh residence is not in any danger. In your opinion, how can African governments redesign the education system to combat financial illiteracy and prepare students for successful wealth-building, accumulation and stewardship? [28] The court additionally ordered the bank to unconditionally release/discharge all mortgages allegedly created over all Kiggundu's properties and all corporate and personal guarantees issued by Kiggundu. But it was really Kiggundus move into the banking sector that sealed his fortune. Alykhans paternal grandfather, Ali Mohamed Karmali, was an entrepreneur of Indian heritage who immigrated to Uganda in 1904. I have always admired the white house as a young man and based on reason, why go to America as a tourist to visit the white house when I hold the means to build a lookalike here at home. I advise them to take social responsibility, connect their vision to their personal values. The Book became a bestseller in Uganda and by December 2018. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. He is a 34-year-old billionaire who directly employs more than 1,200 people. In February 2020, Kiggundu sued Africa's Diamond Trust Bank for allegedly defrauding him for over US$30 million (UShs 34.29 billion and US$23.4 million) under what he called "unclear debits" from his bank accounts over a spread period of ten years. Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. [19] He also donated food supplies to over 100 Ugandan journalists through the Uganda Journalists Association,[20] but was also criticized for providing cash handouts to journalists. The company's market capitalization has surged by $42 million since the news of the acquisition broke on April 12. Ham Group of Companies [1] is a Ugandan Multinational corporation privately owned conglomerate, founded by Hamis Kiggundu who is the majority share holder in each of the companies in the group. [8][62][63], Kiggundu has a home located on the shores of Lake Victoria, popularly known as Hams Residence. List of Ugandans by Net Worth - EverybodyWiki Bios & Wiki List of Ugandans by Net Worth navigation search The per capita income in Uganda in 1999 was approximately US$650 annually. . . He is the chairman and principal stakeholder of the Ruparelia Group's firms. Africans should not chase their dreams out there, but rather put in an effort and struggle to implement their desires in Africa. Masaka, which used to be a larger town but is now a metropolis, includes Kalunga village. Top Best 10 Richest Musicians in Uganda. By the time he was 28, Kiggundu had obtained a prestigious legal qualification, earned the respect of the community, taken on a leadership role in Masaka and become a role model for other young people. The source of Hamis Kiggundu's wealth has been revealed. [27] He also donated food supplies to over 100 Ugandan journalists through the Uganda Journalists Association. But according to Kiggundu, his accusers are thieves who are using the Kabaka name to steal from ordinary men and women. [19], In June 2017, construction works kick-started and the stadium took shape. Muwonge makes all the money and takes it all. With banks and financiers, it is not about trust or emotions, it is about making business sense. I, therefore, invested in research, and divided Uganda into 10 agro-zones depending on the different agro-products coming from all different parts of Uganda. Ham is considered one of the seven richest people in Uganda. Kiggundus hard work is certainly paying off. His drive and enthusiasm would quickly thrust the enterprise into a new era and become the vision of the organisation. He also founded the Crane Group of Companies which includes Crane Bank, Crane Forex Bureau, Crane Management Services, and many other companies across sectors such as banking, energy, media, and hospitality, among others. Andrew Kayiira. However, real estate remains the backbone still holding his wealthy position. Kiggundu began small locally dealing in merchandise from first-hand importers abroad, and selling them at a profit. I started small, buying garments, furniture, ladies bags and other commodities from large importing wholesalers and selling them locally at a profit. Besides, it is worth noting that other business tycoons and entrepreneurs are also working tirelessly to take their businesses to greater heights and make more wealth. It is also worth noting that we produce between 2000-3000 cables per day," he said. He is worth USD1 billion. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. In April 2021, Forbes Magazine Valued his net worth at US$870 million. He allegedly accused the bank of fraud of over 30millionUSD (ugx34.29bn) and 23.4millionUSD, under what he termed unclear debits in 10 years period. [52][53], Kiggundu as of January 2023 commenced opening the Ham Agro Bank, a farmers Bank to complement Ham Agro Processing industries by accommodating for agrarian needs with Agro produce as the core instrument of trade, offering loans to farmers in form of Farming desires; for example: Machines, seeds, Services, pesticides among others. News on our desk shows that the tycoon who was born in a family of 6 and . Through his company, Ham Group, he owns a property portfolio in the heart of Uganda's capital, Kampala, that includes landmark shopping centers, office buildings and hotels. Businessman, entrepreneur, investor, lawyer, This page was last edited on 18 April 2023, at 08:40. His initiative to urge others to join him in this mission of goodwill is also a major positive, as his selfless act of charity has had a ripple effect across the country. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. Hamis Kiggundu (born February 10, 1984), commonly known as Ham,[1][2][3][4] is a Ugandan businessman, investor, real estate and property developer, philanthropist,[5] author and lawyer. Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. She is also one of the property moguls in Kampala. There's this other side of Uganda they won't show to the world or maybe we ask the citizens, there's a business guy called Hamis Kiggundu, founder and CEO Ham group of companies, with an estimated net worth of $870mn dollars at 39yrs, and built a bespoke Whitehouse. The mansion was described as "palatial" by the Uganda Times. I also own a logistics company trading as Ham International Express Logistics LLC based in Euless, Texas, with a number of trucks throughout the United States. At just 37, Hamis Kiggundu is one of East Africa's most revered young entrepreneurs and real estate moguls. [29], In November 2022, Kiggundu sued the Kabaka of Buganda and the Commissioner Land registration in the Ministry of Lands over cancellation of land titles of Kigo Land that sits on 140 acres. According to Forbes, he has a net worth of $900 million. The Ham Group is one of the largest conglomerates in Uganda, with presence in 5 international countries, including The United Arab Emirates, South Africa, United Kingdom, United States and Canada. Because of these, I was able to easily secure financing with the banks because I had reasonable collateral. It is clear that the success that Kiggundu has achieved is due to a combination of determination, creativity, hard work and ambition. [56][57], Hamz Subsidiaries and platforms include: Hamz App, Hamz Pay, Hamz Wave, Hamz Chart, HamPLine, Hamz Club, Hamz E Mall, Hamz Agro and Hamz Campus . [15], In 2015, President Museveni asked Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern sports facility. Please only use it for a guidance and Hamis Kiggundu's actual income may vary a lot from the dollar amount shown above. With the right attitude, and enough focus, anyone can achieve great success, just like Hamis Kiggundu. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. Hamis Kiggundu $870 Million At just 37, Hamis Kiggundu is one of East Africa's most revered young entrepreneurs and real estate moguls. Philip Matogo Philip Matogo is a politics and business writer. Your company, Ham Group, is also venturing into large-scale agriculture with the construction of a multimillion-dollar agro-processing facility. The portal also publishes community news and topical discussions. John Bosco Muwonge tops the list of richest people in Uganda in 2022. Bebe Cool - $2.6 million. Hamis Kiggundu recently spoke to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe about his journey and his plans. The road to wealth for Kiggundu is quite an interesting one. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. There are many positives to be taken away from his story, and hopefully it will be an inspiration for others to learn from and achieve something similar. Thanks to the success of the Ham Group, Kiggundu has become an inspiration for many young entrepreneurs within the East African Community and beyond. When Ugandan businessman Hamis Kiggundu, started his first business years . His first major real estate project was Ham Tower opened in the Makerere suburb of Kampala city the same year. It is said Lubega builds or buys a new building of not less than USD7 million, every 6 months with money he collects from rent. During the period I was to attend high school, my family relocated to Kampala, the capital of Uganda, and from there, I went to Kabojja Secondary School. Kiggundu began construction on the Nakivubo Stadium with a team of local workers and the help of a few international firms. The companies are Ham Enterprises and Kiggs International Uganda Limited. Kiggundu is the son of Mr. Haruna Segawa and Mrs. Nakayiza Jalia, who are part of a family with extensive property investments in Kampala. After attending local schools in Masaka, Ham joined Kabojja International School in Kampala District for his high school education. If you think your bankers are your friends, then youre mistaken; those are your business partners. Ham Palm Villas, Kiham Enterprises, Kiggs International Ltd and Ham Cinemas are also divisions of the conglomerate, offering a range of professional services in their respective industries. Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. Hamis Kiggundu is constructing a White House in Entebbe, a multi-billion state of the art building. Christine Nabukeera is known among the rich circles as Senga Nabukeera. This article, therefore, presents to you the top ten richest Ugandans including their net worth. Kiggundu is the CEO of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece. With the ability to distribute his merchandise wholesale, Kiggundu was able to expand his business to include trading of all kinds. The Forbes list of the wealthiest Ugandans includes Ham in addition to Sudhir Ruparelia, with an estimated net worth of $870 million as of August 2022. . What was it like building your first commercial property in Kampala, Ham Towers? Malleable leaders are those who can adapt their behaviors, thoughts, and feelings to the changing environment in which they operate. In another case, Kiggundu and Buganda Kingdom are currently pulling ropes with the Buganda Kingdom over Kigo Land. With over a decade of experience creating impactful narratives about Africa, Mfonobong Nsehe is one of the most recognized journalism and communications professionals on the continent. Through his company, Ham Group, he owns a property portfolio in the heart of Ugandas capital, Kampala, that includes landmark shopping centers, office buildings and hotels. This prompted me to opt for import substitution through setting up agro-processing and value-addition plants as the only way to correct the revenue imbalance given the fact that it is the only realistic way forward towards actual prosperity for our young nation, while at the same time giving Ugandans a chance to become productive and direct participants. Later, I attended Makerere University and graduated with a bachelor of laws. Ham Enterprises is certainly the most visible division with its wide array of commercial properties evident throughout Kampalas Central Business District. Also, Ruparelia was the wealthiest person in Uganda in 2019, according to Forbes. [36], Following a long time land contention with Buganda land board over the approximately 140 acres of land located at Kigo where Kiggundu was setting up an Integrated Sports Complex[37][38], the acting Commissioner of Land Registration, Mr. Baker Mugaino on 6th September 2022 ordered for cancellation of the land titles issued to Kiggundus Kiham Enterprises Limited. Hamis has invested in real estate, agro-processing, education, and technology among others. The victims all stated that as they were enduring the inhuman treatment in the During his tenure as PS/ST, Muhakanizi was always opposed to high borrowing rates and Four other officials including Minister Agnes Nandutu (Karamoja) who went into hiding since Friday Daily Express is Uganda's number one source for breaking news, National news, policy analytical stories, e-buzz, sports, and general news. The stadium will comprise retail shops inside the outside wall of the facility. Kiggudu attended Masaka primary school and spent most of his school holidays helping his father, a . Mesach Semakula - $560,000. The firms exports operations are also noteworthy, with Ham International Express Logistics providing an efficient delivery service across Africa and Europe. Hamis Kiggundu , commonly known as Ham, author and lawyer. I invested in the West because business is all about taking risks with courage and determination to move into unfamiliar new economic zones all on a balance of probabilities. By BigEyeUg Team. [9][10][11], Kiggundu was born and raised in a Muslim family. [55], In April 2021, Kiggundu ventured into Internet entrepreneurship with Hamz Link an internet based company operating a number of subsidiaries through different web and mobile based platforms ranging from; Education, Communication, Online Shopping, Online Payment, Video hosting and Entertainment sectors. [29][30][31], In February 2020, Kiggundu sued Africa's Diamond Trust Bank for allegedly defrauding him for over US$30million (UShs34.29billion and US$23.4million) under what he called "unclear debits" from his bank accounts over a spread period of ten years. Hamis Kiggundu is a well-known businessman who not only trades in Uganda as Ham Enterprises Ltd, but also as Ham International UK Ltd in the UK, Ham International Ltd in the US and Skylight Investments in South Africa. [16], In 2015, President Museveni directed Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern state of the art sports facility with larger capacity. In addition to calling on other wealthy Ugandans and corporate entities to join him in saving lives, Kiggundu also emphasised the importance of giving back to the Ugandan community during these difficult times. [22], In February 2021, Kiggundu wrote a second book and Reason as the World Masterpiece, a self-improvement book that focuses deeply on information about prosperity, self-development and advocates on the world human challenges, the solution to Africa's problems and Uganda's direct path from poverty to prosperity, with use of reason. We also give preference to Ugandan community news and topical discussions. He alleged that the bank defrauded him over $ 30 Million ( UGX 34.29 billion and USD 23. Why did you choose to trade in those specific items at the time? Kiggundu is a true example of someone who, through dedication and decision-making, has managed to achieve great success in Uganda. Can you tell us about your upbringing in Uganda and how your early years shaped your outlook on business? The highest achievement of a Lifetime", "10 Things You Didn't know about Ham Hamis Kiggundu", "The Untold Story Of Uganda's Youngest Billionaire Hamis Kiggundu And", "M7 Directs Ham Enterprises To Re-Develop Nakivubo Stadium", "How Hamis waved Museveni's order to take over Nakivubo land", "First Lady's visit an endorsement of Nakivubo work, says", "Hamis Kiggundu's Book Wins Business Book Of The Year! In 2015, Ugandan President Yoweri Museveni tasked Hamis Kiggundu with the ambitious project of redeveloping and upgrading the Nakivubo Stadium into a modern sports facility. Two decades ago, his father provided him with capital to start a trading business. The Ham Group sees itself as a leader in terms of providing quality services as well as aiming to expand outside its local borders. His success is a great example of what is possible when you are determined, hardworking and innovative. Beginning in 2009, Kiggundu incorporated Ham Enterprises (U) Ltd, and advanced to constructing and owning his commercial edifices. Man is successfully born with nothing but life. [25] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. It was nominated the best book of the year in the category of "Business Motivation" at an event held by the Book Forum of Uganda in Kampala.[1]. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. By Hamis Kiggundu". He is the editor-in-chief of Billionaires.Africa. Hamis Kiggundu is in a relationship with Martha Ainomugisha. Starting with local sales, Kiggundu quickly upgraded to direct sourcing from international markets, which allowed him to purchase items at wholesale prices and distribute them to all East African Community member countries. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. Kiggundu was born into privilege and he admits that much. Submit your stories now via social or: Email: news@pulse.ug Recommended Articles I own and fully finance a charity organization operating as Ham Foundation. He stands out as a beacon of light for the youth of Uganda, giving them hope that, with the right mindset and ambition, anyone from any background can be successful. [25][26], In April 2020 through Ham Foundation, Ham donated food relief to Uganda's COVID-19 task force. He has written motivational books: Success and Failure Based on Reality and Reason as the World masterpiece. He is also estimated to have an annual income of 100 million US Dollars by 2021 which is his highest annual earning. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. [64], Couldn't parse video from https://youtube.com/@HamisKiggundu. How are these projects coming along? The Ham Group stands as a benchmark for new traders as well as a symbol of business excellence and innovation. [14], He joined the Law Development Centre where he graduated with a diploma in legal practice. Kiggundu as well owns a commercial property in the United Kingdom located at 375 Moston Lane Manchester M40 9NB trading as Ham International UK Ltd. Sudhir Ruparelia, Ugandas richest man with a $1.1 billion net worth in 2012, is the chairman and founder of The Ruparelia Group, Despite his remarkable career as one of the greatest rappers of all time, Jay-Z amassed his $2.5 billion fortune from his diverse investments. It is one of the largest conglomerates in West Africa with operations in England [2] and the United States. Hamis Kiggundu. [32] His expansion in other sectors such as real estate have resulted in apartments and shopping malls being built across East Africa. Karim Hirjis wealth was affected by the Covid19 pandemic owing to his investments in the hospitality industry. Hamis Kiggundu aka Ham is a Ugandan businessman, real estate and property developer, investor, a lawyer by profession, philanthropist and author. It stands useless if it cant save peoples lives. [7], He is one of the wealthiest people in Uganda with an estimated net worth of US$971 Million (March 2021 Forbes). He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. Mr John owns several properties in Kampala, including Freedom City Mall, which cost him US $1 million, Capital House, Naiga Chambers, and several other prominent properties. School of Law, Makerere University, Kampala (Bachelor of Laws), Businessman, entrepreneur, investor, lawyer, Investments, Business, Need for Banking Reforms in Uganda, Success and Failure Based on Reason and Reality, Opinion on Africa's Problems and Solutions based on Reason and Reality, New App to inspire Ugandan youths, boost tourism, Real Estate and Agro-processing in Uganda: An Interview with Hamis Kiggundu of Ham Enterprises, "Ham Kiggundu: "I have made money genuinely, "Ham Kiggundu; Uganda's youngest self made billionaire attributes his wealth to loans well-used", "Tycoon Ham drags DTB to court over sh100b", "Ham hosts Muslims ahead of Eid feast Sqoop Get Uganda entertainment news, celebrity gossip, videos and photos", "Big Hearted: Tycoon Hamis Donates over Shs100m To Ministry of Health in the fight Against Corona virus", "Ham Enterprises Limited: Hamis Kiggundu", "Siblings who own a piece of Kampala City", "Hamis Kiggundu: Biography, Family, Wife and Net Worth", "Meet Hamis Kiggundu, the 37-year-old entrepreneur who built a property empire in Uganda", "Islam Is Peaceful, Beautiful, Pure and Absolute. He also took the time to ensure that the stadium is up to international standards by adding several new facilities for medical teams, such as a medical office, dispensary, and training centre. His faith and values bring a peaceful presence to his life, and set him up for a lofty end. Net worth: US$ 520,000,000 (Dec 2019 Estimate)-Assets, Income & Taxes: Parent(s) . Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. Hamis Kiggundu net worth 655 Thousand Millions of dollars 77% Net worth score Disclamer: Hamis Kiggundu net worth displayed here are calculated based on a combination social factors. DTB Bank later appealed the decision in the High Court and was issued an injunction halting payment of the monies. Hamis Kiggundu: Biography, Family, Wife and Net Worth, Swangz Avenue Profile, Founder, CEO, Artist Signed, News and History, A Look at the Toyota Passo and Why Its Worth the Purchase, Atwakiire Catheline Ndamira: Biography, Early Life, Family, Education, Career and Achievements, Auma Linda Agnes: Biography, Early Life, Family, Education, Career and Achievements, Auma Hellen Wandera: Biography, Early Life, Family, Education, Career and Achievements. You are building some ambitious real estate projects like the Ham Palms Villas, where you are building 500 gated luxury homes set on 200 acres; the stadium which you are practically rebuilding, and other projects like the replica of the White House. The outspoken young tycoon is said to be collecting not less than USD1 million a month. [11], He attended his elementary education in Masaka, joined Kabojja International School in Kampala District for his high school education,[12][13][10] and later graduated from Makerere University with a Bachelors of Laws. You must be able to adapt to change. On top of that Sudhir has not stopped his support for charitable works and other social causes. On its grand opening, the Nakivubo Stadium was filled with the shouts of excited fans. The president wanted to see a modern sports facility of the times. He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). [32], In October 2020, Kiggundu won the case and the Ugandan High Court ordered Diamond Trust Bank to refund all the unlawfully withdrawn monies totaling to UShs34.29billion and US$23.4million,[33][34] with an additional 8% interest for legal costs.
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