Kiggundu learnt the business from his father who was a businessman in Kampala, dealing in textiles. Hamis Kiggundu was born in Masaka District current Kalungu District, Lukerere village in 1984, Central Region of Uganda. By Hamis Kiggundu". It will house the headquarters for all his companies. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. [12], He attended his elementary education in Masaka, joined Kabojja International School in Kampala District for his high school education,[13][14][11] and later graduated from Makerere University with a Bachelors of Laws. That is why they foreclose immediately as soon as you make a default on your payments. 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. With the combined rental income from these two properties, Kiggundu was able to secure more financing from banks for other projects. 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. Thanks to the success of the Ham Group, Kiggundu has become an inspiration for many young entrepreneurs within the East African Community and beyond. Banking, insurance, education, radio, real estate, floriculture, hotels, and resorts are among his key investments. Located just opposite Makerere University, it is an A-class shopping, accommodation and leisure center with offices, restaurants, supermarkets and a serviced apartment. 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 Book became a bestseller in Uganda and by December 2018. He has over a thousand agro stores in Kisenyi and sources say this is attracting Kikuubo based businesses. [29], In November 2022, Kiggundu sued the Kabaka of Buganda and the Commissioner Land registration in the Ministry of Lands over cancellation of land titles of Kigo Land that sits on 140 acres. 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. Hamis Kiggundu: Billionaire Builds White House Replica in Uganda . Also, Ruparelia was the wealthiest person in Uganda in 2019, according to Forbes. [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. Muwonge makes all the money and takes it all. [64], Couldn't parse video from https://youtube.com/@HamisKiggundu. 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. However, real estate remains the backbone still holding his wealthy position. 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. 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. . I invested in the West because business is all about taking risks with courage and determination to move into unfamiliar new economic zones all on a balance of probabilities. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. Do you have a story or an opinion to share? Ugandan business magnate, Internet entrepreneur, philanthropist, and author Please only use it for a guidance and Hamis Kiggundu's actual income may vary a lot from the dollar amount shown above. Can you tell us about your upbringing in Uganda and how your early years shaped your outlook on business? The mansion was described as "palatial" by the Uganda Times. But it was really Kiggundus move into the banking sector that sealed his fortune. 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 boldly and clearly in Ugandan media for his court battle against Diamond Trust Bank. In March 2020, Kiggundu was featured prominently in Ugandan media for his court battle with Diamond Trust Bank. It comes fully equipped with its helipad and will be a regional tourist attraction. [30], In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. I can easily sell them gradually once I need financing. So, Ham Towers was the first building in our portfolio and our flagship property. 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 companys aim is to continue to serve its customers and communities while promoting national development. Hamis Kiggundu is a well-known businessman who not only trades in Uganda as Ham Enterprises Ltd, but also as Ham International UK Ltd in the UK, Ham International Ltd in the US and Skylight Investments in South Africa. Karim Hirjis wealth was affected by the Covid19 pandemic owing to his investments in the hospitality industry. Andrew Kayiira. The Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. Two decades ago, his father provided him with capital to start a trading business. Haruna Sentongo is another new entrant on the top 10 wealth list. Besides, it is worth noting that other business tycoons and entrepreneurs are also working tirelessly to take their businesses to greater heights and make more wealth. 13 Is Uganda poor or rich? 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. With each successful project, Kiggundu was able to prove himself to banks and secure future financing for more projects. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. The project, costing millions of dollars, is funded by Kiggundus company. After all, the stadium had not been touched since the 1960s, and it was showing its age. So you started your business journey by trading garments, furniture and ladies bags. Background 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 firms exports operations are also noteworthy, with Ham International Express Logistics providing an efficient delivery service across Africa and Europe. Hamis Kiggundu on Operation Mindset Change Its our obligation to spearhead development of our motherland within parameters of REASON andREALITY BRAIN POWER - Obugagga bwa Hamis Kiggundu. [8][9][10], Kiggundu was born and raised in a Muslim family. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. All Rights Reserved. [1] Background [ edit] It was established in 2009 as a private company by owned Hamis Kiggundu also having Majority of the Shares. . Hamis Kiggundu is a true success story, having risen from humble beginnings to become one of the wealthiest individuals in Uganda and the world. 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. 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. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. The other properties include a Logistics Company trading as Ham International Express Logistics LLC based in Euless, Texas having various trucks distributing logistics across America. Kiggundu was not done yet, however. The only way to pull Africa out of poverty to prosperity is for us Africans to accept it as our responsibility and obligation. 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. [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. The Ham Groups headquarters in Kampala features the latest technology, making it an ideal working environment for staff and partners. Top Best 10 Richest Musicians in Uganda. Hamis Kiggundu , commonly known as Ham, author and lawyer. Kiggundu began construction on the Nakivubo Stadium with a team of local workers and the help of a few international firms. [1] In 2013, an estimated 19.5 percent of the 35 million Ugandans lived on less than US$1.00 per day. All in all, Kiggundu ended up putting in twice as much effort as he initially anticipated, but the results were worth it. With time as capital inflow accumulated, Kiggundu advanced to firsthand importers importing goods from China, Thailand, Dubai and Hongkong. He is the editor-in-chief of Billionaires.Africa. 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. The 500 modern homes under Ham Palm Villas are a means for capital accumulation. 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. 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. Businessman, entrepreneur, investor, lawyer, This page was last edited on 18 April 2023, at 08:40. If the Americans have something so grand over there, we too can have it here. 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, I prefer to focus on the present and the future because challenges and mistakes are only a stepping stone forward as they give me the ability never to make the same mistakes again. 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. Kiggundus story is one of hard work, determination and sheer ambition. Kiggundus hard work is certainly paying off. On top of that Sudhir has not stopped his support for charitable works and other social causes. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. By profession, I am a lawyer, but today Im more of a businessman than a lawyer. Kiggundu is the son of Mr. Haruna Segawa and Mrs. Nakayiza Jalia, who is part of a family with extensive property investments in Kampala. 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. He is building warehouses for agro produce sales and rents them out. What was it like building your first commercial property in Kampala, Ham Towers? 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. 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. Through this link, Kiggundu runs an online learning platform, Hamz Campus, Hamz Wave, a Video Streaming App, and Hamz Line a social media platform. He also added several new stands and a modern scoreboard. Managers must have emotional intelligence and stamina. In my opinion, banks are a good source of start-up and expansion capital but never for long-term sustainable progress. Kalungu village is part of Masaka, which used to be a bigger town, but its now a city. Hamis Kiggundu, also known as Ham, is an extraordinary example of success and resilience. From there, it was only natural that he would move on to bigger projects, such as real estate. [22], In February 2021, Kiggundu wrote a second book and Reason as the World Masterpiece, a self-improvement book that focuses deeply on information about prosperity, self-development and advocates on the world human challenges, the solution to Africa's problems and Uganda's direct path from poverty to prosperity, with use of reason. [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 . Kiggundu is a true example of someone who, through dedication and decision-making, has managed to achieve great success in Uganda. They can also contact 0724 871079 . 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. These businessmen have made their wealth by investing in different sectors. Muwonge is an allusive billionaire who is rarely seen in public. 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. Through his company, Ham Group, he owns a property portfolio in the heart of Ugandas capital, Kampala, that includes landmark shopping centers, office buildings and hotels. 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. 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. Money is only one of the tools of survival. However, this kind of funding is currently not available in Uganda. Other projects include a charity organization named Ham Foundation that aims at social development. He has made large investments as a business mogul and investor in Uganda in industries like manufacturing, transportation, and real estate. [9][10][11], Kiggundu was born and raised in a Muslim family. Ham Enterprises also has a property portfolio in the United States and UK. Ham is considered one of the seven richest people in Uganda. Kiggundu was up to the challenge, however. HAMIS KIGGUNDU Group CEO. [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]. 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. 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. The outspoken young tycoon is said to be collecting not less than USD1 million a month. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. Projects include a charity organization named Ham Foundation that aims at social development to be collecting not less us... 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