Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. [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]. The outspoken young tycoon is said to be collecting not less than USD1 million a month. The project, costing millions of dollars, is funded by Kiggundus company. . The White House will house the headquarters for all my companies but will also serve as a tourist attraction. The 31-year-old billionaire who owns Ham Towers opposite Makerere University main gate and now has a mega home at the shores of Lake Victoria started making money after his years at University. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. 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. Wanna follow Hamis Kiggundu's net worth? At just 37, Hamis Kiggundu is one of East Africa's most revered young entrepreneurs and real estate moguls. He says in his lifetime, Islam is the highest achievement. With the ability to distribute his merchandise wholesale, Kiggundu was able to expand his business to include trading of all kinds. Born in 1984 and raised in a Muslim family. The Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. It will house the headquarters for all his companies. Man is successfully born with nothing but life. 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. Who designed the Uganda flag? In March 2020, Kiggundu was featured prominently boldly and clearly in Ugandan media for his court battle against Diamond Trust Bank. Alykhans paternal grandfather, Ali Mohamed Karmali, was an entrepreneur of Indian heritage who immigrated to Uganda in 1904. In April 2021, Forbes Magazine Valued his net worth at US$870 million. The road to wealth for Kiggundu is quite an interesting one. [32] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. With the right attitude, and enough focus, anyone can achieve great success, just like Hamis Kiggundu. Succesful Legal Battles In February 2020, Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). 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 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. He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. 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. 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. [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. 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. [32] [28], 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. [16][17][18], In April 2020 Kiggundu donated food relief to Uganda's COVID-19 task force. 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. John Sebalamu is a multiple property owner in Uganda credited with starting the culture of the now mushrooming shopping arcades in the heart of Kampala. 12 Who is the richest in Uganda 2021? 132 ratings17 reviews. However, in Uganda and most African countries, interest rates stand at as high as 25-30 percent. The success of the trading venture allowed Kiggundu to invest in the real estate sector, buying and selling land and properties. It is now host to several sporting events, including the local league. [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. 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. A poor society can only pull one downwards, never upwards. 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 court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu's properties. He is the editor-in-chief of Billionaires.Africa. In 1984, Hamis Kiggundu was born in the Lukerere hamlet of Masaka District, which is now Kalungu District, in Uganda's Central Region. Please only use it for a guidance and Hamis Kiggundu's actual income may vary a lot from the dollar amount shown above. Muwonge makes all the money and takes it all. [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. 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. 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 firms exports operations are also noteworthy, with Ham International Express Logistics providing an efficient delivery service across Africa and Europe. With each successful project, Kiggundu was able to prove himself to banks and secure future financing for more projects. 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. The Ham Group sees itself as a leader in terms of providing quality services as well as aiming to expand outside its local borders. Through this link, Kiggundu runs an online learning platform, Hamz Campus, Hamz Wave, a Video Streaming App, and Hamz Line a social media platform. This project was a success, and Kiggundu opened Ham Shopping Mall 18 months later in 2010. When Ugandan businessman Hamis Kiggundu, started his first business years . [9][10][11], Kiggundu was born and raised in a Muslim family. Under his leadership, the company has grown exponentially over the past few years, firmly establishing itself as a major player in the business and real estate space. The victims all stated that as they were enduring the inhuman treatment in the During his tenure as PS/ST, Muhakanizi was always opposed to high borrowing rates and Four other officials including Minister Agnes Nandutu (Karamoja) who went into hiding since Friday Daily Express is Uganda's number one source for breaking news, National news, policy analytical stories, e-buzz, sports, and general news. By BigEyeUg Team. This project was dedicated to him in 2015, by the president of the Republic of Uganda, Yoweri Kaguta Museveni. Located just opposite Makerere University, it is an A-class shopping, accommodation and leisure center with offices, restaurants, supermarkets and a serviced apartment. Haruna Sentongo is another new entrant on the top 10 wealth list. 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. But perhaps his most important project at the moment is the reconstruction of the Nakivubo War Memorial Stadium. I equally own Hamz Link Ltd, a multimedia platform company based in Edmonton Canada. They must be malleable. Hamis Kiggundu aka Ham is a Ugandan businessman, real estate and property developer, investor, a lawyer by profession, philanthropist and author. This matches with my philosophy of applying reason in any prevailing circumstances. In my opinion, banks are a good source of start-up and expansion capital but never for long-term sustainable progress. Background 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. Ugandan business magnate, Internet entrepreneur, philanthropist, and author He also added several new stands and a modern scoreboard. 2023 Billionaires.Africa. After months of hard work and dedication, the stadium is now home to one of the most modern sports complexes in Uganda. Copyright 2023 Daily Express Uganda. This remarkable achievement has seen the firm expand from a small garment trading enterprise to a giant industrial group in Uganda with many divisions. [1] [2] 4.03. 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. Top Best 10 Richest Musicians in Uganda. Kiggundus generosity did not go without criticism, however, as the Ugandan journalists were also given cash handouts for the relief packages. Hamis Kiggundu. He was born to Mr Haruna Segawa and Mrs Nakayiza Jalia, who is part of a family with extensive property investments in Kampala. 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. 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. In life, we all desire to have a good life and to become successful men and women. The project is like a bank; it secures capital for future investment while providing service to my community or society at the same time. [15], In 2015, President Museveni asked Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern sports facility. He was also the pioneer managing editor of Ventures Africa and built it into one of the continents most influential business news companies. Submit your stories now via social or: Email: news@pulse.ug Recommended Articles 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. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. [7], He is one of the wealthiest people in Uganda with an estimated net worth of US$971 Million (March 2021 Forbes). The multi-million dollar facility is funded by Hamis Kiggundu himself. With the combined rental income from these two properties, Kiggundu was able to secure more financing from banks for other projects. [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 . Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. The stadium will comprise retail shops inside the outside wall of the facility. What was it like building your first commercial property in Kampala, Ham Towers? 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. Employees of the Ham Group number more than 7,000 and the firm has a decent presence on the market due to its size. Ham is considered one of the seven richest people in Uganda. He has gone on to use his success to benefit those in his community, making projects such as these a reality in Uganda. Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. His story is one of strength, perseverance and a commitment to personal values, and his life is an example for all that success is achievable through determination and dedication. However, this kind of funding is currently not available in Uganda. It will equally stand as an illustration of possibilities for my fellow Ugandans and Africans at large. 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. 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. 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. So, Ham Towers was the first building in our portfolio and our flagship property. Philip Matogo Philip Matogo is a politics and business writer. He is building warehouses for agro produce sales and rents them out. Its ever-growing list of divisions and operations indicates that the firm is primed to go the extra mile, to continue to provide quality services in both local and international markets. 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. 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