11 Which tribe is the poorest in Uganda? Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. [15], In 2015, President Museveni asked Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern sports facility. He wanted to make sure that the stadium was accessible to not only athletes and fans, but also to individuals and community groups who wanted to make use of the space. Man is successfully born with nothing but life. Haruna and his brother Hamis are young businessmen who have used their family business experience to invest wisely and grow their wealth. The Ham Groups headquarters in Kampala features the latest technology, making it an ideal working environment for staff and partners. These businessmen have made their wealth by investing in different sectors. Kiggundu, who is a Ugandan businessman and philanthropist, showed a deep commitment to helping and supporting others in Uganda. [25], In October 2020, Kiggundu won the case and the Ugandan High Court ordered Diamond Trust Bank to refund all the unlawfully withdrawn monies totalling to USh34.29billion and US$23.4million,[26][27] with an additional 8% interest for legal costs. To further his education, Kiggundu joined Kabojja International School in Kampala District and then went on to earn a Bachelors of Law from Makerere University before graduating with a diploma in legal practice at the Law Development Centre. 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]. 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. The company intends to set up 10 integrated Agro-processing industrial parks in 10 different agro zones / locations of Uganda. Hamis Kiggundu. Muwonge is an allusive billionaire who is rarely seen in public. Kiggundu was born into privilege and he admits that much. Hamis Kiggudu was born on February 10, 1984, to Mr. Segawa Haruna and Mrs. Nakayiza Jalia. All Rights Reserved. Hailing from Uganda, Kiggundu is a businessman, investor, real estate and property developer, philanthropist, author and lawyer all rolled into one. [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. ", "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. Hamis Kiggundu was born in Masaka District current Kalungu District, Lukerere village in 1984, Central Region of Uganda. 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. It was exciting. 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. 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. Banks are equally driven by a profit motive just like private companies. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. 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. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. Your group employs more than 7,000 people all in. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. Can you tell us about your upbringing in Uganda and how your early years shaped your outlook on business? Education and Early Years. . The last two years have disrupted many things including the wealth of the rich class. He has also raised buildings at Arua park, Parkyard, and behind Gazaland. Muwonge makes all the money and takes it all. His success story is an inspiration to not just the people of Uganda, but to everyone around the world. ADVERTISEMENT Eyewitness? 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. 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. With time, I have mastered the art of growing my operational capital internally thus outgrowing the need for exploitative financing from banks for now. 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. [8][62][63], Kiggundu has a home located on the shores of Lake Victoria, popularly known as Hams Residence. His faith and values bring a peaceful presence to his life, and set him up for a lofty end. 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. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. [35] 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. He has invested in multiple industries, and is currently expanding his businesses footprint across the continent. DTB Bank later appealed the decision in the High Court and was issued an injunction halting payment of the monies. Africans should not chase their dreams out there, but rather put in an effort and struggle to implement their desires in Africa. Language links are at the top of the page across from the title. Wanna follow Hamis Kiggundu's net worth? [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. 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. This page was last edited on 12 February 2023, at 09:46. Ham Enterprises is certainly the most visible division with its wide array of commercial properties evident throughout Kampalas Central Business District. In February 2020,Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. I went to primary school in Masaka and, as a child, I would help my father who was a textile trader in his shop during our school holidays. [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 . But it was really Kiggundus move into the banking sector that sealed his fortune. In April 2020, Ugandas COVID-19 task force was the recipient of an incredible donation from Hamis Kiggundu, who provided food relief supplies to help the nation fight the pandemic. [21], In June 2019 Hamis' book was reviewed, evaluated and eventually adopted by the Uganda Ministry of Education and Sports through the National Curriculum Development Center which put it on the Uganda school curriculum. 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. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. Apart from his achievements in business, Kiggundu is involved in a lot of philanthropic activities. Retrieved 2020-06-19. Money is only one of the tools of survival. [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. Andrew Kayiira. As their businesses thrive, their net wealth will continue to increase. 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. Background Yes, I did follow in my fathers footsteps because he is equally a businessman. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. 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. 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. On its grand opening, the Nakivubo Stadium was filled with the shouts of excited fans. After months of hard work and dedication, the stadium is now home to one of the most modern sports complexes in Uganda. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. At just 37, with a forbes net worth of $870 million; Kiggindu famously known as Ham in his home country, owns a number of . He used to assist his father in business transactions during school holidays and this grew his confidence and experience in the business sector. Kiggundu has secured his name as a revered international business leader and made its mark in the transforming of the economies of the East African Community. Kiggundu is the son of Mr. Haruna Segawa and Mrs. Nakayiza Jalia, who are part of a family with extensive property investments in Kampala. 3,500. He has written motivational books: Success and Failure Based on Reality and Reason as the World masterpiece. It will house the headquarters for all his companies. After building an empire of real estate projects and having a company with numerous projects, Hamid Kiggundus success story is one that entrepreneurs and business leaders look to for an example and motivation. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. Hamis Kiggundu , commonly known as Ham, author and lawyer. With the combined rental income from these two properties, Kiggundu was able to secure more financing from banks for other projects. 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. Kiggundus generosity did not go without criticism, however, as the Ugandan journalists were also given cash handouts for the relief packages. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. Hamis has invested in real estate, agro-processing, education, and technology among others. It is clear that the success that Kiggundu has achieved is due to a combination of determination, creativity, hard work and ambition. The success of the trading venture allowed Kiggundu to invest in the real estate sector, buying and selling land and properties. In addition to Sudhir Ruparelia , Ham is also rated as one of the wealthiest Ugandans with an estimated net worth of $870M as of March 2021 by Forbes. Apart from his business acumen, Kiggundu is also a renowned philanthropist and has dedicated a significant part of his life to helping and uplifting the lives of those in his motherland. 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. With a net worth of US$870 million, Kiggundu is now seen as one of the wealthiest people in Uganda and a success model for the entire African nation. A poor society can only pull one downwards, never upwards. How are these projects coming along? . Kiggudu attended Masaka primary school and spent most of his school holidays helping his father, a . Kiggundus road to success began when, in 2004, he established the Ham Group of Companies, which is now considered one of the most renowned business conglomerates in Uganda. 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. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. Copyright 2023 Daily Express Uganda. Any words for young entrepreneurs who desire to achieve the level of success that you have? In conclusion, Hamis Kiggundu is to be commended for his tireless efforts in donating food relief and money to help Ugandas COVID-19 task force and journalists. You recently donated money to the Ugandan government to purchase 150,000 doses of COVID-19 vaccines in an effort to combat COVID-19 in Uganda. "For those seeking to support us, they can just place their order on www.totosci.net, and delivery is done either the same day or the following day. The White House will house the headquarters for all my companies but will also serve as a tourist attraction. As an author, Kiggundu has written two books, Success and Failure Based on Reason and Reality and Reason as the World Masterpiece, which serve as a guide for entrepreneurs who wish to follow in his footsteps. . These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. Thecourt also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundus properties. Managers must have emotional intelligence and stamina. On top of that Sudhir has not stopped his support for charitable works and other social causes. She is also one of the property moguls in Kampala. A Subsidiary of Daily Express Media Ltd. 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The outspoken young tycoon is said to be collecting not less than USD1 million a month. In 1.5 years, I made progress and managed to erect my next property Ham Shopping Mall. Who designed the Uganda flag? 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. HAMIS KIGGUNDU Group CEO. 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. Kiggundu was up to the challenge, however. By Hamis Kiggundu". He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. He has actively pursued a number of social and economic development initiatives in Uganda through his charity foundation the Karibu Foundation. In 2018, Hamis Kiggundu was awarded as a way of acknowledging his book titled: Success and Failure Based on Reason and Reality. 4.03. Your company, Ham Group, is also venturing into large-scale agriculture with the construction of a multimillion-dollar agro-processing facility. [6], He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). I always help where and wherever I can since my individual personal survival is only limited to a very narrow scope of basic needs. In my view, one can only reasonably benefit from banks if they hold relatively equal or reasonable bargaining positions to negotiate fair interest rates and fair trading terms. The Book became a bestseller in Uganda and by December 2018. Two decades ago, his father provided him with capital to start a trading business. 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. 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. [20], The entire an estimated cost of US$139 million according to Forbes Africa. The project, costing millions of dollars, is funded by Kiggundus company. Ham Enterprises also has a property portfolio in the United States and UK. Through this link, Kiggundu runs an online learning platform, Hamz Campus, Hamz Wave, a Video Streaming App, and Hamz Line a social media platform. 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. Hamis Kiggundu USD 870m Tycoon Hamis Kiggundu This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. In October 2020,Kiggundu won the case and Diamond Trust Bank got instructed to refund all the money Kiggundu lost on his account amounting to 34.29billionincluding 8% interest legal costs by the High Court in Kampala. Early Life and Education Hamis Kiggundu was born in Masaka District current Kalungu District, Lukerere village in 1984, Central Region of Uganda. [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]. A former Forbes Magazine contributor covering African wealth and entrepreneurship, Mfonobong conceptualized, initiated, and managed for a decade the Forbes annual ranking of Africas richest people. The humble beginnings of Hamid Kiggundu started as a street vendor and makeshift trader in Uganda. 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 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! This was met with both significant excitement from the sports community and deep scepticism from the public. We resent fake stories in all our published stories, and are driven by our tagline of being Accurate, Fast & Reliable. With the right attitude, and enough focus, anyone can achieve great success, just like Hamis Kiggundu. 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. Today, the Ham Group stands as a diversified conglomerate in logistics, transportation, energy, trading and various manufacturing enterprises. 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. Because of these, I was able to easily secure financing with the banks because I had reasonable collateral. The 2022 wealthy list released by top analysts favours those who invested in technology, real estate, health, food, logistics etc. [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. They also benchmark themselves against international business best practices. In 1984, Hamis Kiggundu was born in the Lukerere hamlet of Masaka District, which is now Kalungu District, in Uganda's Central Region. After attending local schools in Masaka, Ham joined Kabojja International School in Kampala District for his high school education. 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. He is worth USD1 billion. [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. 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. Kiggundu learnt the business from his father who was a businessman in Kampala, dealing in textiles. . All developments, past, present, and future, discoveries to come, were, are and will always be a direct reflection of the reasoning capacity of the people of such a given time frame. Moreover, expansion beyond East Africa brought the enterprise to Europe, India, and other countries all over the world. He is a 34-year-old billionaire who directly employs more than 1,200 people. [19], In June 2017, construction works kick-started and the stadium took shape. I, therefore, decided to start with a pilot project of one integrated agro-processing plant in the central region with Gods blessing as a constant factor hoping that the government and other Ugandans will join me along the way for full implementation to cover all the 10 zones in Uganda. It stands useless if it cant save peoples lives. Hamis Kiggundu, also known as Ham, is an extraordinary example of success and resilience. The Ham Group, a global trading enterprise and one of the leading logistics and real estate companies in the East African Community, was started in 2005 by young entrepreneur, Francis Kiggundu. 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. With its headquarters in Kampala, the enterprise employs more than 500 staff and over 2,000,000 customers. 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. However, this kind of funding is currently not available in Uganda. Besides, Kiggundu has children from other women. He was also the pioneer managing editor of Ventures Africa and built it into one of the continents most influential business news companies. His net worth was about $1.2 billion as of 2019. 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. Additionally, he owns a multimedia platform company named Hamz Link Ltd in Edmonton Canada. 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. Hamis Kiggundu recently spoke to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe about his journey and his plans. All in all, Kiggundu ended up putting in twice as much effort as he initially anticipated, but the results were worth it. The world's premier source of news on Africa's billionaires and UHNWIs. Kiggundu is an absolute example of how one mans vision, coupled with a strong faith can lead to great success in Uganda. [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. 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. 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About your upbringing in Uganda experience in the United States and UK Uganda will most likely have some new.... Links are at the top of the property moguls in Kampala, the Nakivubo Stadium hamis kiggundu net worth 2020 modern! That sudhir has not stopped his support for charitable works and other countries all over the world wan na Hamis. Social causes list of the tools of survival Hamz Link Ltd in Edmonton Canada, education, enough. Him up for a long time and takes it all large-scale agriculture with the shouts of excited.. People of Uganda excitement from the public business best practices that he would not choose another religion footprint across continent... Multimillion-Dollar agro-processing facility different agro zones / locations of Uganda to erect next! Have disrupted many things including the wealth of the rich class to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe about his journey his! Kampala features the latest technology, real estate, health, food logistics. 2018, Hamis Kiggundu, commonly known as Ham, author and.!

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