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. All Rights Reserved. However, this kind of funding is currently not available in Uganda. 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 is one of the wealthiest people in Uganda as of 2023 and is supposed to have an estimated net worth of $1 billion. But according to Kiggundu, his accusers are thieves who are using the Kabaka name to steal from ordinary men and women. . 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. Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. In March 2020, Kiggundu was featured prominently in Ugandan media for his court battle with Diamond Trust Bank. What are some of your top people management tips for first-time managers? Later, I attended Makerere University and graduated with a bachelor of laws. In life, we all desire to have a good life and to become successful men and women. He is the editor-in-chief of Billionaires.Africa. His initiative to urge others to join him in this mission of goodwill is also a major positive, as his selfless act of charity has had a ripple effect across the country. 11 Which tribe is the poorest in Uganda? The court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu's properties. Also, Ruparelia was the wealthiest person in Uganda in 2019, according to Forbes. 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. 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 1.5 years, I made progress and managed to erect my next property Ham Shopping Mall. Hamis Kiggundu: Billionaire Builds White House Replica in Uganda . Can you tell us about your upbringing in Uganda and how your early years shaped your outlook on business? Mr John owns several properties in Kampala, including Freedom City Mall, which cost him US $1 million, Capital House, Naiga Chambers, and several other prominent properties. 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. Bebe Cool - $2.6 million. Sudhir Ruparelia, Ugandas richest man with a $1.1 billion net worth in 2012, is the chairman and founder of The Ruparelia Group, Despite his remarkable career as one of the greatest rappers of all time, Jay-Z amassed his $2.5 billion fortune from his diverse investments. It comes fully equipped with its helipad and will be a regional tourist attraction. Website. 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. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. [60], In a bid to transform Uganda and discourage nationals from leaving their motherland in search of a better life, he decided to create what he called Ugandans' desire right at home by setting up Ham Palm Villas, a gated community 500 homes, Villas and Apartments with all required amenities that include: health and shopping facilities, international school , multi-sports complex, among others. With time as capital inflow accumulated, Kiggundu advanced to firsthand importers importing goods from China, Thailand, Dubai and Hongkong. I own a commercial property in the UK situated at 375 Moston Ln, Manchester M40 9NB, trading as Ham International UK Ltd. 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. [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. Any words for young entrepreneurs who desire to achieve the level of success that you have? Kiggundus generosity did not go without criticism, however, as the Ugandan journalists were also given cash handouts for the relief packages. It was during my middle-school holidays in 2005 that my parents gave me some capital to start a business. This article, therefore, presents to you the top ten richest Ugandans including their net worth. Thanks to the success of the Ham Group, Kiggundu has become an inspiration for many young entrepreneurs within the East African Community and beyond. Beginning in 2009, Kiggundu incorporated Ham Enterprises (U) Ltd, and advanced to constructing and owning his commercial edifices. That is why they foreclose immediately as soon as you make a default on your payments. We resent fake stories in all our published stories, and are driven by our tagline of being Accurate, Fast & Reliable. 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. [25][26], In April 2020 through Ham Foundation, Ham donated food relief to Uganda's COVID-19 task force. In February 2020,Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. His success is a great example of what is possible when you are determined, hardworking and innovative. The Ham Group stands as a benchmark for new traders as well as a symbol of business excellence and innovation. 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. [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. The investment were making there is gradual and at a controlled pace, yet in the long run, we envisage huge returns on the investment. If the Americans have something so grand over there, we too can have it here. How are these projects coming along? Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. He has also raised buildings at Arua park, Parkyard, and behind Gazaland. 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. The company's market capitalization has surged by $42 million since the news of the acquisition broke on April 12. It is now host to several sporting events, including the local league. Sudhir got a setback with Bank of Uganda grabbed his Crane bank from him and later Covid19 affected his massive investments in the hospitality, education, and flower sectors. The Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. . 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 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. It was nominated and consequently won an award of Business Motivational Book of the year from The National Book Forum of Uganda. 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. News on our desk shows that the tycoon who was born in a family of 6 and . The company intends to set up 10 integrated Agro-processing industrial parks in 10 different agro zones / locations of Uganda. 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. Unless born in success like Kings, Queens, Princes and Princesses, for most of us this journey comes with a lot of challenges and hardships. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. The road to wealth for Kiggundu is quite an interesting one. [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]. 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 project is like a bank; it secures capital for future investment while providing service to my community or society at the same time. A poor society can only pull one downwards, never upwards. His determination to save lives in such a compassionate and generous manner is really something to be admired. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. Kalungu village is part of Masaka, which used to be a bigger town, but its now a city. Background Employees of the Ham Group number more than 7,000 and the firm has a decent presence on the market due to its size. Your company, Ham Group, is also venturing into large-scale agriculture with the construction of a multimillion-dollar agro-processing facility. Why did you choose to trade in those specific items at the time? Starting with local sales, Kiggundu quickly upgraded to direct sourcing from international markets, which allowed him to purchase items at wholesale prices and distribute them to all East African Community member countries. Malleable leaders are those who can adapt their behaviors, thoughts, and feelings to the changing environment in which they operate. However, real estate remains the backbone still holding his wealthy position. 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. Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. The Ham Group has been an important part of the Ugandan economy for years and its presence abroad is testament to its business acumen. Ragga Dee - $4 million. He was raised in a small community of Kalunga, Uganda, in Eas. [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. 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 alleged that the bank defrauded him over $ 30 Million ( UGX 34.29 billion and USD 23. [7], He is one of the wealthiest people in Uganda with an estimated net worth of US$971 Million (March 2021 Forbes). Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. 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. [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. Kitandwe Tom is one of the businessmen who grew their empires from Kikuubo as a wheat agent. But perhaps his most important project at the moment is the reconstruction of the Nakivubo War Memorial Stadium. Hamis Kiggundu, the Company's founder and C.E.O, is the majority shareholder in the company. [6], He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). 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. I have always admired the white house as a young man and based on reason, why go to America as a tourist to visit the white house when I hold the means to build a lookalike here at home. When Ugandan businessman Hamis Kiggundu, started his first business years . This remarkable achievement has seen the firm expand from a small garment trading enterprise to a giant industrial group in Uganda with many divisions. The Forbes list of the wealthiest Ugandans includes Ham in addition to Sudhir Ruparelia, with an estimated net worth of $870 million as of August 2022. Kiggundu is an absolute example of how one mans vision, coupled with a strong faith can lead to great success in Uganda. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. Its international presence in five countries is testament to this ambition. He has made large investments as a business mogul and investor in Uganda in industries like manufacturing, transportation, and real estate. He was also the pioneer managing editor of Ventures Africa and built it into one of the continents most influential business news companies. In August 2020, Kiggundu petitioned the court after 85 billion Shillings and 34 billion Shillings were illegally deducted by DTB Uganda and DTB Kenya from two accounts of his . 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. It is one of the largest conglomerates in West Africa with operations in England [2] and the United States. 6. They must have the ability to anticipate change and most importantly they must be courageous enough to abandon their past. 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. He is currently building Ham Palm Villas a private gated community that will accommodate 500 luxury homes in a swanky location in the city. Kiggundus story is one of hard work, determination and sheer ambition. As their businesses thrive, their net wealth will continue to increase. He is a 34-year-old billionaire who directly employs more than 1,200 people. Kiggundus book was nominated the best book of the year at an event arranged by the Book Forum of Uganda in Kampala. Kiggundu is the son of Mr. Haruna Segawa and Mrs. Nakayiza Jalia, who are part of a family with extensive property investments in Kampala. 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. 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. They also benchmark themselves against international business best practices. Your group employs more than 7,000 people all in. 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. His expansion in other sectors such as real estate have resulted in apartments and shopping malls being built across East Africa. [8], In June 2018 Kiggundu wrote Success and Failure Based on Reason and Reality which advises on financial success and the need to have a sense of purpose. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. But it was really Kiggundus move into the banking sector that sealed his fortune. Homepage. [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. 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, 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? [16], In 2015, President Museveni directed Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern state of the art sports facility with larger capacity. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. 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. 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. He now boasts of buildings including Giant shopping arcade in Kikuubo, Nakasero complex on Nakivubo road, Mid-city arcade on Nakivubo Road, Mackay Buildings on Old Rashid Kaharmis Road among others. It is also worth noting that we produce between 2000-3000 cables per day," he said. 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. 132 ratings17 reviews. Apart from his achievements in business, Kiggundu is involved in a lot of philanthropic activities. 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. Today, the Ham Group stands as a diversified conglomerate in logistics, transportation, energy, trading and various manufacturing enterprises. [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. Mohammed Hamid is one of the youngest people in Uganda to be worth millions of dollars, and he is thought to be one of the richest people in the world. Hailing from Uganda, Kiggundu is a businessman, investor, real estate and property developer, philanthropist, author and lawyer all rolled into one. Language links are at the top of the page across from the title. 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. I advise them to take social responsibility, connect their vision to their personal values. Kiggundu, who is a Ugandan businessman and philanthropist, showed a deep commitment to helping and supporting others in Uganda. The humble beginnings of Hamid Kiggundu started as a street vendor and makeshift trader in Uganda. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. Moreover, expansion beyond East Africa brought the enterprise to Europe, India, and other countries all over the world. 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. A Subsidiary of Daily Express Media Ltd. Police confirm arrest of Minister Nandutu over iron sheets scandal, Lawyer Kashillingi named Vice President of International Lawyers Network, Corruption & Deception: The Lifestyle of Ugandans, Minister Nandutu surrenders to police, held at Kibuli, EC seeks shs80bn to organize LC, Women Council elections, Lugoloobi faces 7 years in jail over Karamoja Iron Sheets, Pastor claims to be father of 17 children rescued from suspected trafficker, Mukula decries corruption in aviation industry, Museveni was set for Khartoum visit on coup day Sudan Media reports, Ismaili Community donates hundreds of relief items to needy in Ramadan Charity drive. He has gone on to use his success to benefit those in his community, making projects such as these a reality in Uganda. I chose those specific items because it was those commodities that my parents were dealing in then. Kiggundu is the CEO of the Ham Group of Companies and is one of the wealthiest persons in Uganda with an estimated net worth of US$700 Million. [32] He is the chairman and principal stakeholder of the Ruparelia Group's firms. Later, after school, his father gave him startup capital to begin his business venture. Farmers can then repay in form of Agro produce, according to Forbes. In addition, the president of Nepal, Bidhya Devi Bhandari, named Ruparelia as honorary Consul of the Republic of Nepal to Uganda in February 2020. 4.03. It is also inspiring to see a man from humble beginnings, having created such a great amount of wealth for himself and is now looking to give back to society. You the top ten richest Ugandans including their net wealth will continue to increase [ ]... Region, he worked as a Street vendor and makeshift trader in Uganda 2022 includes native Ugandans as as. 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