There are very narrow chances of small businesses succeeding and enjoying long-term sustainability with these kinds of rates. 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. I came up with a plan to set up Integrated Agro-Processing Industrial Parks (IAIPs) in each of the 10 agro-zones, with a projected cost of $156 million per industrial park, totaling $1.56 billion for all the 10 IAIPs. 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. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. "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. It is one of the largest conglomerates in West Africa with operations in England [2] and the United States. 2023 Billionaires.Africa. Unlike billionaires such as Sudhir Ruparelia who spends a lot on social causes in his charity and corporate social responsibility activities, Mr. Muwonge collects a lot of money from his many commercial buildings in Kampalas central business district and focuses on building. The Home is still very safe. 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. Farmers can then repay in form of Agro produce, according to 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October 2020, Kiggundu won the case and the Ugandan High Court ordered Diamond Trust Bank to refund all the unlawfully withdrawn monies totaling to UShs34.29billion and US$23.4million,[33][34] with an additional 8% interest for legal costs. 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. Hamis Kiggundu is an inspirational figure that represents the best of what Uganda has to offer. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of 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. 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. 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 last two years have disrupted many things including the wealth of the rich class. What motivates your philanthropy, and what are some of the other charitable projects dearest to your heart? [14], He joined the Law Development Centre where he graduated with a diploma in legal practice. 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. The 2022 wealthy list released by top analysts favours those who invested in technology, real estate, health, food, logistics etc. 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? On its grand opening, the Nakivubo Stadium was filled with the shouts of excited fans. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. Hamis Kiggundu - Awards And Recognitions Ham received an award in 2018 in recognition of his book, Success and Failure Based on Reason and Reality. 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. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. I advise them to take social responsibility, connect their vision to their personal values. With time as capital inflow accumulated, Kiggundu advanced to firsthand importers importing goods from China, Thailand, Dubai and Hongkong. Kiggundu began construction on the Nakivubo Stadium with a team of local workers and the help of a few international firms. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. [8], Kiggundu was born in 1984 in Masaka District in the Central Region of Uganda. [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. 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. However, Sudhir has continued to invest in upscale accommodations and office spaces, as well as commercial buildings in DownTown Kampala. Today, the Ham Group stands as a diversified conglomerate in logistics, transportation, energy, trading and various manufacturing enterprises. The company intends to set up 10 integrated Agro-processing industrial parks in 10 different agro zones / locations of Uganda. Ham is considered one of the seven richest people in Uganda. Kalungu village is part of Masaka, which used to be a bigger town, but its now a city. 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. 6. They must have the ability to anticipate change and most importantly they must be courageous enough to abandon their past. 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. How are these projects coming along? But it was really Kiggundus move into the banking sector that sealed his fortune. The world's premier source of news on Africa's billionaires and UHNWIs. Kiggundu drew from his fathers background in textiles and experience, as he slowly accumulated capital to grow the trading venture. The companies are Ham Enterprises and Kiggs International Uganda Limited. Any words for young entrepreneurs who desire to achieve the level of success that you have? Besides, Kiggundu has children from other women. This project was dedicated to him in 2015, by the president of the Republic of Uganda, Yoweri Kaguta Museveni. HAMIS KIGGUNDU Group CEO. He has multiplied his stake in Kampalas CBD in the past couple of years and owns Namanda, Cooper complex, Cornerstone, Discount mall, Shamba complex, Shauriyako, Ggagawala, Namayiba bus terminal, Gwanda mall Kisenyi, Superior complex, New Arua park complex, he has a street in Nabugabo, and has over 40 construction sites in Kampala, plus over 400 acres of land in Kisenyi area. 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. It comes fully equipped with its helipad and will be a regional tourist attraction. Uganda is an agro-based economy with a very good climate, fertile soils and a young energetic population that survives on imported goods that are always processed from our own agro-produce that we export as raw materials at very low cost compared to the processed imports that we usually buy expensively. Christine Nabukeera is known among the rich circles as Senga Nabukeera. Businessman, entrepreneur, investor, lawyer, This page was last edited on 18 April 2023, at 08:40. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. 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. 13 Is Uganda poor or rich? I own and fully finance a charity organization operating as Ham Foundation. Unless born in success like Kings, Queens, Princes and Princesses, for most of us this journey comes with a lot of challenges and hardships. 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. 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. 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. That is why they foreclose immediately as soon as you make a default on your payments. Thanks to the success of the Ham Group, Kiggundu has become an inspiration for many young entrepreneurs within the East African Community and beyond. Also, Ruparelia was the wealthiest person in Uganda in 2019, according to Forbes. Two decades ago, his father provided him with capital to start a trading business. Philip Matogo Philip Matogo is a politics and business writer. So, it is best you pull everyone you can for collective welfare based on reality. After all, the stadium had not been touched since the 1960s, and it was showing its age. This article, therefore, presents to you the top ten richest Ugandans including their net worth. His net worth was about $1.2 billion as of 2019. Moreover, expansion beyond East Africa brought the enterprise to Europe, India, and other countries all over the world. [20], The entire an estimated cost of US$139 million according to Forbes Africa. The firms exports operations are also noteworthy, with Ham International Express Logistics providing an efficient delivery service across Africa and Europe. However, this kind of funding is currently not available in Uganda. So, Ham Towers was the first building in our portfolio and our flagship property. 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. Kitandwe Tom is one of the businessmen who grew their empires from Kikuubo as a wheat agent. 132 ratings17 reviews. Alykhan Karmali is among the richest people in Uganda born to immigrants. 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. The mansion was described as "palatial" by the Uganda Times. ", 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. This was met with both significant excitement from the sports community and deep scepticism from the public. 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. 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. After months of hard work and dedication, the stadium is now home to one of the most modern sports complexes in Uganda. If the Americans have something so grand over there, we too can have it here. Kiggundu began his project by planning out the overall design of the complex. Mesach Semakula - $560,000. I can easily sell them gradually once I need financing. The only way to pull Africa out of poverty to prosperity is for us Africans to accept it as our responsibility and obligation. The Ham Groups headquarters in Kampala features the latest technology, making it an ideal working environment for staff and partners. In April 2021, Forbes Magazine Valued his net worth at US$870 million. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. While his decision to provide cash donations was controversial, Kiggundus intent was to provide a lifeline to those journalists who had been struggling during the pandemic. [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]. Karim Hirji is a Ugandan entrepreneur, hotel owner, and businessman. Haruna and his brother Hamis are young businessmen who have used their family business experience to invest wisely and grow their wealth. Employees of the Ham Group number more than 7,000 and the firm has a decent presence on the market due to its size. The road to wealth for Kiggundu is quite an interesting one. Thereafter, Makerere University Kampala from where he graduated with a Bachelor of Laws and later the Law Development Centre (LDC) graduating with a diploma in legal practice. Before he knew it, he was selling steel, sugar and maize in addition to his hardware, and then as a commercial farmer with hundreds of acres of sugar and maize. 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