[7][non-primary source needed], Kiggundu was born in 1984 in the Kalungu Masaka District in the Central Region of Uganda. [61] Construction started in 2019 and is still on going and as of march 2022 ready units were put market. With each successful project, Kiggundu was able to prove himself to banks and secure future financing for more projects. The last two years have disrupted many things including the wealth of the rich class. His expansion in other sectors such as real estate have resulted in apartments and shopping malls being built across East Africa. Two decades ago, his father provided him with capital to start a trading business. "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. I own and fully finance a charity organization operating as Ham Foundation. 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. Located just opposite Makerere University, it is an A-class shopping, accommodation and leisure center with offices, restaurants, supermarkets and a serviced apartment. Background Bebe Cool - $2.6 million. charlie mcneil man utd stats; richest farmers in uganda richest farmers in uganda The road to wealth for Kiggundu is quite an interesting one. 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. 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. 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. He became a distributor of commodities in Uganda, Sudan, DRC, Tanzania and Kenya. 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. Can you tell us about your upbringing in Uganda and how your early years shaped your outlook on business? Thereafter, he ventured into real estate, Transportation, technology, and the industrial sector which necessitated his rise to financial influence. With the right attitude, and enough focus, anyone can achieve great success, just like Hamis Kiggundu. 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. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. $113.476 billion (PPP, 2020 est.) At just 37, with a forbes net worth of $870 million; Kiggindu famously known as Ham in his home country, owns a number of . 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. 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. In February 2020,Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. Kiggundu further underlined his commitment to helping the Ugandan people in July 2021, when he donated USh 530 million to the Government of Uganda to help in the purchase of COVID-19 vaccine doses. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. Kiggudu attended Masaka primary school and spent most of his school holidays helping his father, a . [15], In 2015, President Museveni asked Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern sports facility. 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 is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. The Book became a bestseller in Uganda and by December 2018. He also added several new stands and a modern scoreboard. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. 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. This project was dedicated to him in 2015, by the president of the Republic of Uganda, Yoweri Kaguta Museveni. Beginning in 2009, Kiggundu incorporated Ham Enterprises (U) Ltd, and advanced to constructing and owning his commercial edifices. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. 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. Haruna Sentongo is another new entrant on the top 10 wealth list. I equally own Hamz Link Ltd, a multimedia platform company based in Edmonton Canada. 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? This remarkable achievement has seen the firm expand from a small garment trading enterprise to a giant industrial group in Uganda with many divisions. Additionally, he owns a multimedia platform company named Hamz Link Ltd in Edmonton Canada. 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. Apart from his achievements in business, Kiggundu is involved in a lot of philanthropic activities. His first major real estate project was Ham Tower opened in the Makerere suburb of Kampala city the same year. These businessmen have made their wealth by investing in different sectors. The court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu's properties. Kiggundus generosity did not go without criticism, however, as the Ugandan journalists were also given cash handouts for the relief packages. It is one of the largest conglomerates in West Africa with operations in England [2] and the United States. The Ham Group stands as a benchmark for new traders as well as a symbol of business excellence and innovation. With its headquarters in Kampala, the enterprise employs more than 500 staff and over 2,000,000 customers. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. According to Forbes, he has a net worth of $900 million. Language links are at the top of the page across from the title. 132 ratings17 reviews. Submit your stories now via social or: Email: news@pulse.ug Recommended Articles Uganda and other African nations should redesign their educational systems in line with their societys prevailing realistic circumstances to reflect the challenges of their people, so that graduates have the capacity to forge corresponding solutions to the actual problems in such societies based on reason and reality. We also give preference to Ugandan community news and topical discussions. The stadium project equally makes business sense because it is surrounded by a number of commercial premises such as shops and restaurants which will bring income for us. 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. I can easily sell them gradually once I need financing. 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. Together, they worked tirelessly to restore the stadium to its former glory. [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. 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. Ham was born and raised in an Islamic home. 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. But perhaps his most important project at the moment is the reconstruction of the Nakivubo War Memorial Stadium. He is building warehouses for agro produce sales and rents them out. 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. Kiggundu began construction on the Nakivubo Stadium with a team of local workers and the help of a few international firms. Hamis Kiggundu aka Ham is a Ugandan businessman, real estate and property developer, investor, a lawyer by profession, philanthropist and author. 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. As their businesses thrive, their net wealth will continue to increase. 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. . Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. 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. The court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu's properties. He is also estimated to have an annual income of 100 million US Dollars by 2021 which is his highest annual earning. [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. After all, no man is an island. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. A poor society can only pull one downwards, never upwards. He also gave a hint on this plan while launching his book, Reason as the World Masterpiece in Kampala in March 2021 and also wrote about it in the book. However, Sudhir has continued to invest in upscale accommodations and office spaces, as well as commercial buildings in DownTown Kampala. The Ham Group sees itself as a leader in terms of providing quality services as well as aiming to expand outside its local borders. The companies are Ham Enterprises and Kiggs International Uganda Limited. He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. Kiggundu is the son of Mr. Haruna Segawa and Mrs. Nakayiza Jalia, who are part of a family with extensive property investments in Kampala. The president wanted to see a modern sports facility of the times. Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. 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. It was during my middle-school holidays in 2005 that my parents gave me some capital to start a business. Success and Failure Based on Reason and Reality, Mauritian banker Pierre Guy Noel to pocket $291,520 in final dividend from MCB Group, Arnaud Dalais-led CIEL Limited posts $10.45-million full-year profit, as earnings rebound, Ugandas richest man demands $8.66 million rent arrears from dfcu, How Jay-Z made his money: Four deals that propelled his net worth to $2.5 billion, Transcorps market cap up by $55 million following Femi Otedolas acquisition, Aliko Dangote hits $20-billion net worth, joining elite ranks of worlds billionaires, James Mwangis Equity Group invests $76.7 million in Congo unit. This gave me the opportunity to test the entrepreneurial waters. He has written motivational books: Success and Failure Based on Reality and Reason as the World masterpiece. He has been listed among the most generous Ugandans and Africans on the Caxton magazine list. This came as a recognition of his contribution to the countrys economic progress. 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. In 1984, Hamis Kiggundu was born in the Lukerere hamlet of Masaka District, which is now Kalungu District, in Uganda's Central Region. 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. 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, . [19], In June 2017, construction works kick-started and the stadium took shape. 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. It is clear that the success that Kiggundu has achieved is due to a combination of determination, creativity, hard work and ambition. [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. 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! He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. On top of that Sudhir has not stopped his support for charitable works and other social causes. How are these projects coming along? Christine Nabukeera is known among the rich circles as Senga Nabukeera. 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. With the lessons he learned from his first projects, Kiggundu was able to move on to bigger projects and further success in the real estate industry. On November 3, 2022, Court terminated the cancellation of the said titles. Man is successfully born with nothing but life. Exploring the Possible Causes and Judith Babirye: Gospel singer speaks out on why she fled her Prophet Samuel Kakande: Biography, Son, Wife, Family and Church, Apostle Grace Lubega: Biography, Wife, Family and Christian Ministry. After Ham Towers, I had mastered the game of commercial real estate. I started small, buying garments, furniture, ladies bags and other commodities from large importing wholesalers and selling them locally at a profit. I was born to Mr. Segawa Haruna and Mrs. Nakayiza Jalia on Feb. 10, 1984, and was raised in the small village of Kalungu, Uganda, which is in East Africa. [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. By Hamis Kiggundu". 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. KAMPALA - When Ugandan businessman Hamis Kiggundu, started his first business years ago, he could not have imagined that he would ascend to become one of the most successful business moguls in Africa, let alone Uganda. They also benchmark themselves against international business best practices. 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", "First Lady's visit an endorsement of Nakivubo work, says", "Nakivubo Stadium re-development takes shape", "Covid-19: Businessman, Hamis Kiggundu, gives Shs100 million to help needy", "UJA to Support Journalists with Foodstuff", "Journalists scramble for Hamis Kiggundu's cash", "Tycoon Hamis Kiggundu donates Shs 530 Million to purchase Covid-19 Vaccine doses", "Tycoon Ham Kiggundu donates 15,000 COVID-19 doses to Ugandans The Informer UG", "Big push as city mogul Ham donates UGX.530M to purchase 15000 doses of COVID-19 vaccine", "Hamis Kiggundu vs DTB; DTB Set to Lose Billions in New Application", "Ham wins DTB in Shs120bn fraud case, Bank ordered to refund businessman", "Why Hamis Kiggundu won multi-billion court case against DTB", "Court orders DTB to refund immediately Shs 120bn to Ham", "Principal judge 'rejects' bribe offer in Ham-DTB appeal case", "City tycoon Ham Kiggundu has taken Kabaka Ronald Mutebi to Court", https://en.wikipedia.org/w/index.php?title=Hamis_Kiggundu&oldid=1150454747, Businesspeople in the hospitality industry, Short description is different from Wikidata, Wikipedia pages semi-protected from banned users, Wikipedia articles with undisclosed paid content from March 2021, Creative Commons Attribution-ShareAlike License 3.0. Ham Enterprises also has a property portfolio in the United States and UK. The source of Hamis Kiggundu's wealth has been revealed. Today, the Ham Group stands as a diversified conglomerate in logistics, transportation, energy, trading and various manufacturing enterprises. When Ugandan businessman Hamis Kiggundu, started his first business years . Karim Hirjis wealth was affected by the Covid19 pandemic owing to his investments in the hospitality industry. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. Hamis Kiggundu has handled various projects including Nakivubo Stadium redevelopment and upgrade, renamed Nakivubo Memorial Stadium and expands sitting capacity from 30,000 to 35000. You must be able to adapt to change. His net worth was about $1.2 billion as of 2019. 6. I own a commercial property in the UK situated at 375 Moston Ln, Manchester M40 9NB, trading as Ham International UK Ltd. Ham himself has a net worth of over 980 million US dollars which is accounted for by his company Ham Group which owns around 90 per cent of the company. 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. 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. I advise them to take social responsibility, connect their vision to their personal values. From there, it was only natural that he would move on to bigger projects, such as real estate. 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. [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. 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. 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. The project is like a bank; it secures capital for future investment while providing service to my community or society at the same time. 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. Uganda is an East African country with a thriving economy. 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. Hamis has invested in real estate, agro-processing, education, and technology among others. [8], Kiggundu was born in 1984 in Masaka District in the Central Region of Uganda. [32] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. In April 2020 Hamis Kiggundu donated food relief to UgandasCOVID-19 task forceplus food supplies to over 100 Ugandan journalists through the Uganda Journalists Association (UJA), cash handouts to journalists for which he was criticized of. Copyright 2023 Daily Express Uganda. 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