Kiggundus story is one of hard work, determination and sheer ambition. Number of employees. Before he knew it, he was selling . 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. Sudhir got a setback with Bank of Uganda grabbed his Crane bank from him and later Covid19 affected his massive investments in the hospitality, education, and flower sectors. Its ever-growing list of divisions and operations indicates that the firm is primed to go the extra mile, to continue to provide quality services in both local and international markets. Kiggundu learnt the business from his father who was a businessman in Kampala, dealing in textiles. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. Early Life and Education Hamis Kiggundu was born in Masaka District current Kalungu District, Lukerere village in 1984, Central Region of Uganda. With banks and financiers, it is not about trust or emotions, it is about making business sense. [21], In July 2021, Kiggundu donated to the Uganda Government a total of USh530million to help in the purchase COVID-19 vaccine doses for Ugandans and additionally called upon other able Ugandans and corporate entities to join him in saving lives as a way of giving back to the Ugandan Community. The portal also publishes community news and topical discussions. Today, Haruna owns Nakayiza market with 12 blocks, Haruna Towers in Kisenyi, NM apartments, Old Africana agro market, Segawa market which has two blocks, he has new coming up in Kisenyi, four acres of undeveloped land in the same area, Haruna shopping mall, Haruna towers Ntinda, trading under his Haruna enterprises. The humble beginnings of Hamid Kiggundu started as a street vendor and makeshift trader in Uganda. 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. This matches with my philosophy of applying reason in any prevailing circumstances. [19], In June 2017, construction works kick-started and the stadium took shape. She is also one of the property moguls in Kampala. The president wanted to see a modern sports facility of the times. In fact, I highly encourage them to find time and read my books, Success and Failure based on Reason and Reality, and, Reason as the World Masterpiece, with an open mind. But it is to Hams credit that he parlayed that small financial gift from his father into a multimillion-dollar conglomerate that directly and indirectly employs more than 5,000 people in the country today. Kitandwe Tom is one of the businessmen who grew their empires from Kikuubo as a wheat agent. In 2017, the Ugandan government entered into a joint venture with Ham Group to effect major renovations at the stadium, involving an improvement to grounds, increasing seating from 30,000 to 35,000 and constructing retail shops inside the outside walls of the facility. With the combined rental income from these two properties, Kiggundu was able to secure more financing from banks for other projects. His drive and enthusiasm would quickly thrust the enterprise into a new era and become the vision of the organisation. [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. All in all, Kiggundu ended up putting in twice as much effort as he initially anticipated, but the results were worth it. The Book became a bestseller in Uganda and by December 2018. Who designed the Uganda flag? DTB Bank later appealed the decision in the High Court and was issued an injunction halting payment of the monies. Thereafter, he ventured into real estate, Transportation, technology, and the industrial sector which necessitated his rise to financial influence. However, this kind of funding is currently not available in Uganda. Hamis Kiggundu $870 Million At just 37, Hamis Kiggundu is one of East Africa's most revered young entrepreneurs and real estate moguls. [6] The road to wealth for Kiggundu is quite an interesting one. 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. By Hamis Kiggundu". The Ham Group has been an important part of the Ugandan economy for years and its presence abroad is testament to its business acumen. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. The source of Hamis Kiggundu's wealth has been revealed. Africans should not chase their dreams out there, but rather put in an effort and struggle to implement their desires in Africa. I advise them to take social responsibility, connect their vision to their personal values. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. Like I said, I started small with reasonable startup capital from my parents reasonable in the sense that it was not too much for me to simply spend it on my personal needs then as a young man, nor was it too small for me not to start. This page was last edited on 12 February 2023, at 09:46. It was during my middle-school holidays in 2005 that my parents gave me some capital to start a business. It is also inspiring to see a man from humble beginnings, having created such a great amount of wealth for himself and is now looking to give back to society. At just 37, Hamis Kiggundu is one of East Africa's most revered young entrepreneurs and real estate moguls. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. 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. A Subsidiary of Daily Express Media Ltd. 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[23] [24], Kiggundu established a charity and philanthropic arm of his group of companies through which he works together with the government and several well-wishers to create a positive and transformative change in the lives of people and communities where he operates performing a series of charitable causes; Greater Masaka Clerics, In March 2020, Kiggundu through his Ham Foundation gifted over 200 bicycles, Qurans, and prayer mats to Muslim clerics in the Greater Masaka Region of Uganda. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. In August 2020, Kiggundu petitioned the court after 85 billion Shillings and 34 billion Shillings were illegally deducted by DTB Uganda and DTB Kenya from two accounts of his . 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. 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 established a youth training centre on-site to provide young people with a place to honour and improve their athletic talents. We also give preference to Ugandan community news and topical discussions. Moreover, expansion beyond East Africa brought the enterprise to Europe, India, and other countries all over the world. He is worth USD1 billion. . He has been listed among the most generous Ugandans and Africans on the Caxton magazine list. [15], In 2015, President Museveni asked Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern sports facility. [8], In June 2018 Kiggundu wrote Success and Failure Based on Reason and Reality which advises on financial success and the need to have a sense of purpose. Hamis Kiggundu commonly known as Ham,[2][3][4][5] born February 10, 1984 in Masaka, is a Ugandan based international businessman, investor, real estate and property developer, philanthropist,[6] author and lawyer. Once one is blessed with success its only reasonable that they start their struggle towards collective society development rather than individual-centered prosperity because success amidst a poor society only stands as a liability rather than an asset. I embarked on the reconstruction of the stadium as corporate social responsibility for community development and equally as an example to other Ugandans and Africans that if I can pull off such a huge project with private funding, so can they. 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. Homepage. 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. He alleged that the bank defrauded him over $ 30 Million ( UGX 34.29 billion and USD 23. Success and Failure Based on Reason and Reality, "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", "OKUTUMBULA EBYOBULIMI: Ham Kiggundu ayanjudde enteekateeka", "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. Kiggundu drew from his fathers background in textiles and experience, as he slowly accumulated capital to grow the trading venture. This came as a recognition of his contribution to the countrys economic progress. He is the editor-in-chief of Billionaires.Africa. [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. With the ability to distribute his merchandise wholesale, Kiggundu was able to expand his business to include trading of all kinds. Kiggundus donations have made a huge difference in helping to protect and aid Uganda citizens both during the COVID-19 pandemic and beyond, and for that he deserves immense praise. Hamis Kiggundu has a net worth of over 980 million US dollars which are accounted by his company Ham Group in which he owns over 90 % of the company. Retrieved 2020-06-19. I had secured the space where I was going to put the property and my garments business was still thriving while additional rental income was coming in from Ham Towers. Kiggundu is the CEO and founder of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece. Under his leadership, the company has grown exponentially over the past few years, firmly establishing itself as a major player in the business and real estate space. The court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu's properties. The only way to pull Africa out of poverty to prosperity is for us Africans to accept it as our responsibility and obligation. So, Ham Towers was the first building in our portfolio and our flagship property. 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. Hamis Kiggundu has various projects in the country that include; Ham Integrated Agro-Processing Industries an Agro-Processing plant, Ham Group of Companies, Ham Shopping Ground in downtown Kampala City, Ham Towers the first shopping mall he built, Real Estate where hes constructing 500 gated luxury homes on a 200-acre piece of land, among others. The Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. However, Sudhir has continued to invest in upscale accommodations and office spaces, as well as commercial buildings in DownTown Kampala. charlie mcneil man utd stats; richest farmers in uganda richest farmers in uganda Kiggundu is an example of the bright, talented and hardworking individuals who put their minds to the task and succeed regardless of their origins. He says in his lifetime, Islam is the highest achievement. After attending local schools in Masaka, Ham joined Kabojja International School in Kampala District for his high school education. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. He has gone on to use his success to benefit those in his community, making projects such as these a reality in Uganda. Kiggudu attended Masaka primary school and spent most of his school holidays helping his father, a . Why Does Zinc Make Me Nauseous? 6. Ugandan business magnate, Internet entrepreneur, philanthropist, and author Kiggundus generosity did not go without criticism, however, as the Ugandan journalists were also given cash handouts for the relief packages. A poor society can only pull one downwards, never upwards. Karim Hirji USD 800m [9][10][11], Kiggundu was born and raised in a Muslim family. Hamis Kiggundu: Billionaire Builds White House Replica in Uganda . Ham is considered one of the seven richest people in Uganda. He has made large investments as a business mogul and investor in Uganda in industries like manufacturing, transportation, and real estate. In 2018, Hamis Kiggundu was awarded as a way of acknowledging his book titled: Success and Failure Based on Reason and Reality. 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. His willingness to donate to the government for the purchase of vaccine doses and to call on other wealthy Ugandans to get involved has demonstrated a profound sense of commitment to the community, and proves the power of generosity in no small way. In addition toSudhir Ruparelia,Ham is also rated as one of the wealthiest Ugandanswith an estimated net worth of $870M as of March 2021 by Forbes. Masaka, which used to be a larger town but is now a metropolis, includes Kalunga village. Ham was born and raised in an Islamic home. Succesful Legal Battles In February 2020, Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. In August 2020, Kiggundu petitioned the court after 85 billion Shillings and 34 billion Shillings were illegally deducted by DTB Uganda and DTB Kenya from two accounts of his companies without his knowledge and consent. ", "NCDC adopts businessman Ham Kiggundu's book for schools", https://www.amazon.com/SUCCESS-FAILURE-BASED-REASON-REALITY/dp/1719869545, "KIND-HEARTED: TYCOON HAMIS KIGGUNDU ANSWERS M7'S CALL, GIVES GOV'T 100M TO FEED THE HUNGRY DURING LOCKDOWN", "Charity: Tycoon Hamis Kiggundu donates 200 bicycles to Rural Clerics", "Covid-19: Businessman, Hamis Kiggundu, gives Shs100 million to help needy", "UJA to Support Journalists with Foodstuff", "Real Muloodi Hamis Kiggundu Donates UGX. 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. 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. Hamis Kiggundu recently spoke to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe about his journey and his plans. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. In your 2018 book, Success and Failure Based on Reason and Reality, you argue that Ugandas educational system is outdated and does not necessarily equip students with the practical tools needed to succeed in life. [39][40], Kiggundu through his lawyers objected his land tittles' cancellation thereby appealing in court against the commissioner's decision citing subversion of the due process of law by hijacking the public hearing, among others[41]. By BigEyeUg Team. Please only use it for a guidance and Hamis Kiggundu's actual income may vary a lot from the dollar amount shown above. [58][59][11][5], In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. Besides, Kiggundu has children from other women. ", https://www.spyuganda.com/not-even-covid-19-can-stop-education-businessman-hamis-kiggundu-launches-online-university/, "Tycoon Kiggundu dives into social media business with Hamz app", https://thecapitaltimes.co.ug/2021/10/25/city-businessman-hamis-kiggundu-launches-hamz-campus/, https://realmuloodi.co.ug/exclusive-estates-part-2-ham-palm-villas/, https://www.watchdoguganda.com/business/20220608/137748/ham-palm-villas-inside-the-finished-and-virtual-corporate-smart-homes-for-sale-to-high-class-buyers-photos.html, https://dailyexpress.co.ug/2022/06/08/tycoon-kiggundu-opens-market-for-newly-furnished-ict-corporate-smart-homes-at-ham-palm-villas/, "Pictorial: Tycoon Hamis Kiggundu's Residence Very safe and not Flooded as alleged", https://en.everybodywiki.com/index.php?title=Hamis_Kiggundu&oldid=3209756, Businesspeople in the hospitality industry, Pages with citations using unsupported parameters, Pages using infobox person with unknown parameters. He has written motivational books: Success and Failure Based on Reality and Reason as the World masterpiece. Hamis Kiggundu is in a relationship with Martha Ainomugisha. This article, therefore, presents to you the top ten richest Ugandans including their net worth. After all, no man is an island. This remarkable achievement has seen the firm expand from a small garment trading enterprise to a giant industrial group in Uganda with many divisions. It will house the headquarters for all his companies. [14], He joined the Law Development Centre where he graduated with a diploma in legal practice. 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. His first major real estate project was Ham Tower opened in the Makerere suburb of Kampala city the same year. He is a 34-year-old billionaire who directly employs more than 1,200 people. John Bosco Muwonge tops the list of richest people in Uganda in 2022. Haruna Sentongo is another new entrant on the top 10 wealth list. His expansion in other sectors such as real estate have resulted in apartments and shopping malls being built across East Africa. 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. Born in 1984 and raised in a Muslim family. 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. Background Later, after school, his father gave him startup capital to begin his business venture. [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. 132 ratings17 reviews. [16][17][18], In April 2020 Kiggundu donated food relief to Uganda's COVID-19 task force. As my margins grew, I began to source directly from international markets and became a firsthand importer myself. After all, the stadium had not been touched since the 1960s, and it was showing its age. I always help where and wherever I can since my individual personal survival is only limited to a very narrow scope of basic needs. Also, Ruparelia was the wealthiest person in Uganda in 2019, according to Forbes. [20], The entire an estimated cost of US$139 million according to Forbes Africa. They also benchmark themselves against international business best practices. He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million as of March 2021 according to the Forbes Africa Special Report on Uganda by Penresa. Language links are at the top of the page across from the title. It was nominated and consequently won an award of Business Motivational Book of the year from The National Book Forum of Uganda. . Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. Top Best 10 Richest Musicians in Uganda. 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? 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. April 26, 2020 0 682 Less than a minute Hamis Kiggundu aka Ham's residence is not in danger despite raising Lake Victoria water levels. on Meet Ugandas Hamis Kiggundu whos richer than Ronaldo and Messi, Kenyan Shilling: How the Depreciation is Affecting Businesses. However, in Uganda and most African countries, interest rates stand at as high as 25-30 percent. As I accumulated more capital, I upgraded to real estate, mainly buying and selling land and properties at a profit before I incorporated Ham Enterprises (U) Ltd. and progressed to constructing and owning my commercial properties. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. The Ham Group is keen to increase its position as a leader and an innovator in the industry, while ensuring that its operations are profitable and service focused. 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. [48][49] [50][51][51], The pilot project of the Ham Integrated Agro-Processing Industries in the Central region of Uganda which also the Headquarters the entire 10 projects located in Akright City, the Entebbe Express road based industrial complex. [27] He also donated food supplies to over 100 Ugandan journalists through the Uganda Journalists Association. Harunas aim is to turn the Kisenyi surbubs onto a new Kampala since the population is already there he is mainly based in agro markets for agro stores for all agro produce in uganda. Haruna and his brother Hamis are young businessmen who have used their family business experience to invest wisely and grow their wealth. Its international presence in five countries is testament to this ambition. Because of these, I was able to easily secure financing with the banks because I had reasonable collateral. He is also constructing a replica of the White House in Kampala, which upon completion will serve as the headquarters for some of the newer businesses he is developing an agro-processing company and a string of Web and mobile tech startups. In March 2020, Kiggundu was featured prominently boldly and clearly in Ugandan media for his court battle against Diamond Trust Bank. From there, it was only natural that he would move on to bigger projects, such as real estate. Located just opposite Makerere University, it is an A-class shopping, accommodation and leisure center with offices, restaurants, supermarkets and a serviced apartment. Yes, I did follow in my fathers footsteps because he is equally a businessman. With time, I have mastered the art of growing my operational capital internally thus outgrowing the need for exploitative financing from banks for now. 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Are at the top of the year from the National Book Forum Uganda. And other countries all over the world masterpiece as a street vendor and trader! Putting in twice as much effort as he initially anticipated, but rather put in an effort struggle. Of US $ 139 million according to Forbes Africa Forum of Uganda to their personal values Kiggundu featured... In an effort and struggle to implement their desires in Africa international business best practices owner in city. Would move on to use his success to benefit those in his lifetime, Islam the. Estimated cost of US $ 1.00 per day ] the road to wealth for Kiggundu in... Group has been an important part of the page across from the title anticipated. Secure financing with the banks because I had reasonable collateral malls being across... Kabojja international school in Kampala way of acknowledging his Book titled: success and Failure Based Reason! The Book became a firsthand importer myself which necessitated his rise to financial influence, Ham Towers the... Accommodations and office spaces, as he slowly accumulated capital to start a business struggle to their. Kiggundus story is one of the businessmen who are born to immigrants upgrade Nakivubo stadium into new...
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