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. He has written motivational books: Success and Failure Based on Reality and Reason as the World masterpiece. 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. 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. . Hamis Kiggundu: Billionaire Builds White House Replica in Uganda . Alykhans paternal grandfather, Ali Mohamed Karmali, was an entrepreneur of Indian heritage who immigrated to Uganda in 1904. Who designed the Uganda flag? [17] [18], In February 2017, Kiggundu smashed the timeworn structures and fenced off the entire stadium area to prepare for fresh construction works to commence. 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. The investment were making there is gradual and at a controlled pace, yet in the long run, we envisage huge returns on the investment. Thanks to the success of the Ham Group, Kiggundu has become an inspiration for many young entrepreneurs within the East African Community and beyond. 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. Kitandwe Tom is one of the businessmen who grew their empires from Kikuubo as a wheat agent. 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. [32] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. Hamis Kiggundu is estimated to have an annual income of 100 million US Dollars in 2021 which his highest annual earning. 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. The court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu's properties. The humble beginnings of Hamid Kiggundu started as a street vendor and makeshift trader in Uganda. 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. Kiggudu attended Masaka primary school and spent most of his school holidays helping his father, a . [22][23][24], In February 2020, Kiggundu sued Africa's Diamond Trust Bank for allegedly defrauding him for over US$30million (USh34.29billion and US$23.4million) under what he called "unclear debits" from his bank accounts over a spread period of ten years. I had some challenges like any other entrepreneur, but as a personal principle, I choose not to reflect on the past challenges. As their businesses thrive, their net wealth will continue to increase. I started small, buying garments, furniture, ladies bags and other commodities from large importing wholesalers and selling them locally at a profit. Bebe Cool - $2.6 million. It stands useless if it cant save peoples lives. If you think your bankers are your friends, then youre mistaken; those are your business partners. 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. ADVERTISEMENT Eyewitness? 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. The company's market capitalization has surged by $42 million since the news of the acquisition broke on April 12. 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. Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. Andrew Kayiira. Who is the best musician in Uganda 2021? [6], He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). The portal also publishes community news and topical discussions. [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. Haruna Sentongo is another new entrant on the top 10 wealth list. Managers must have emotional intelligence and stamina. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. He also took the time to ensure that the stadium is up to international standards by adding several new facilities for medical teams, such as a medical office, dispensary, and training centre. [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. In addition to calling on other wealthy Ugandans and corporate entities to join him in saving lives, Kiggundu also emphasised the importance of giving back to the Ugandan community during these difficult times. The success of the trading venture allowed Kiggundu to invest in the real estate sector, buying and selling land and properties. He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). 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. He has made large investments as a business mogul and investor in Uganda in industries like manufacturing, transportation, and real estate. Its international presence in five countries is testament to this ambition. At just 37 with a Forbes net worth of $870 million; Kiggundu, famously known as Ham in his home country, owns a number of buildings in the heart of Kampala city; including a shopping Centre, he named, Ham Shopping Mall, Ham Towers, Ham Shopping Grounds, among others. 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. That is why they foreclose immediately as soon as you make a default on your payments. The companies are Ham Enterprises and Kiggs International Uganda Limited. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. He stands out as a beacon of light for the youth of Uganda, giving them hope that, with the right mindset and ambition, anyone from any background can be successful. 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. How are these projects coming along? The world's premier source of news on Africa's billionaires and UHNWIs. This article, therefore, presents to you the top ten richest Ugandans including their net worth. Besides, Kiggundu has children from other women. I own and fully finance a charity organization operating as Ham Foundation. [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. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. In February 2020,Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. 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. In this new Ugandas new list of the wealthiest, a lot has changed tremendously with big names such as Patrick Bitature, and Charles Mbire, among others, dropping off the top 10 as previously reported. In addition to these projects, Kiggundu opened hospitals and schools and invested in numerous other types of industries such as oil and gas, transport, and banking. In March 2020, Kiggundu was featured prominently in Ugandan media for his court battle with Diamond Trust Bank. 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. In July 2021, Kiggundu donated to the Uganda Government a total of Shs 530 Million to help in the purchase ofCOVID-19 vaccinedoses 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. [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. 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. 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. It will house the headquarters for all his companies. However, this kind of funding is currently not available in Uganda. The source of Hamis Kiggundu's wealth has been revealed. [16][17][18], In April 2020 Kiggundu donated food relief to Uganda's COVID-19 task force. With banks and financiers, it is not about trust or emotions, it is about making business sense. The road to wealth for Kiggundu is quite an interesting one. The firms exports operations are also noteworthy, with Ham International Express Logistics providing an efficient delivery service across Africa and Europe. Can you tell us about your upbringing in Uganda and how your early years shaped your outlook on business? He has over a thousand agro stores in Kisenyi and sources say this is attracting Kikuubo based businesses. The project is like a bank; it secures capital for future investment while providing service to my community or society at the same time. According to Forbes, he has a net worth of $900 million. [32] You must be able to adapt to change. [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. However, in Uganda and most African countries, interest rates stand at as high as 25-30 percent. By BigEyeUg Team. [9][10][11], Kiggundu was born and raised in a Muslim family. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. He is the editor-in-chief of Billionaires.Africa. Malleable leaders are those who can adapt their behaviors, thoughts, and feelings to the changing environment in which they operate. He is also estimated to have an annual income of 100 million US Dollars by 2021 which is his highest annual earning. We resent fake stories in all our published stories, and are driven by our tagline of being Accurate, Fast & Reliable. He is the CEO of the Ham Group of Companies. Hamis Kiggundu recently spoke to Billionaires.Africas Editor-In-Chief Mfonobong Nsehe about his journey and his plans. It comes fully equipped with its helipad and will be a regional tourist attraction. The companys aim is to continue to serve its customers and communities while promoting national development. [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. [25][26], In April 2020 through Ham Foundation, Ham donated food relief to Uganda's COVID-19 task force. [30], In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. [15], He joined the Law Development Centre where he graduated with a diploma in legal practice. There are very narrow chances of small businesses succeeding and enjoying long-term sustainability with these kinds of rates.