Kiggundus hard work is certainly paying off. They must be malleable. The Ham Group stands as a benchmark for new traders as well as a symbol of business excellence and innovation. [19], In June 2017, construction works kick-started and the stadium took shape. Kiggundu, who is a Ugandan businessman and philanthropist, showed a deep commitment to helping and supporting others in Uganda. 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. Philip Matogo Philip Matogo is a politics and business writer. 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. 132 ratings17 reviews. 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. 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. 4million) over the course of 10 years. 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. 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. He alleged that the bank defrauded him over $ 30 Million ( UGX 34.29 billion and USD 23. Hamis Kiggundu - Awards And Recognitions Ham received an award in 2018 in recognition of his book, Success and Failure Based on Reason and Reality. 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. But according to Kiggundu, his accusers are thieves who are using the Kabaka name to steal from ordinary men and women. 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. He was also the pioneer managing editor of Ventures Africa and built it into one of the continents most influential business news companies. Hamis Kiggundu, the Company's founder and C.E.O, is the majority shareholder in the company. 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. Hamis Kiggundu $870 Million At just 37, Hamis Kiggundu is one of East Africa's most revered young entrepreneurs and real estate moguls. 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. 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. He also wanted to ensure that the stadium was able to handle the needs of multiple sports, so he decided to lay several courts and tracks on the main field. Because of these, I was able to easily secure financing with the banks because I had reasonable collateral. Kiggundu is a true example of someone who, through dedication and decision-making, has managed to achieve great success 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", "How Hamis waved Museveni's order to take over Nakivubo land", "First Lady's visit an endorsement of Nakivubo work, says", "Hamis Kiggundu's Book Wins Business Book Of The Year! 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 is said Lubega builds or buys a new building of not less than USD7 million, every 6 months with money he collects from rent. So, Ham Towers was the first building in our portfolio and our flagship property. They must have the ability to anticipate change and most importantly they must be courageous enough to abandon their past. The portal also publishes community news and topical discussions. The world's premier source of news on Africa's billionaires and UHNWIs. 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. On November 3, 2022, Court terminated the cancellation of the said titles. As their businesses thrive, their net wealth will continue to increase. 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. Kiggundu is an example of the bright, talented and hardworking individuals who put their minds to the task and succeed regardless of their origins. 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. With the combined rental income from these two properties, Kiggundu was able to secure more financing from banks for other projects. 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. 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 companys aim is to continue to serve its customers and communities while promoting national development. Bebe Cool - $2.6 million. 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 $870mn dollars at 39yrs, and built a bespoke Whitehouse. Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. I chose those specific items because it was those commodities that my parents were dealing in then. Ham is considered one of the seven richest people in Uganda. [17] [18], In February 2017, Kiggundu smashed the timeworn structures and fenced off the entire stadium area to prepare for fresh construction works to commence. Hamis Kiggundu: Billionaire Builds White House Replica in Uganda . Top Best 10 Richest Musicians in Uganda. After all, the stadium had not been touched since the 1960s, and it was showing its age. Exploring the Possible Causes and Judith Babirye: Gospel singer speaks out on why she fled her Prophet Samuel Kakande: Biography, Son, Wife, Family and Church, Apostle Grace Lubega: Biography, Wife, Family and Christian Ministry. The donations made were not simply limited to the task force, as Kiggundu expanded his support to over 100 Ugandan journalists through the Uganda Journalists Association. Net worth: US$ 520,000,000 (Dec 2019 Estimate)-Assets, Income & Taxes: Parent(s) . 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. I own and fully finance a charity organization operating as Ham Foundation. 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. Christine Nabukeera is known among the rich circles as Senga Nabukeera. Hamis Kiggundu, also known as Ham, is an extraordinary example of success and resilience. Karim Hirji USD 800m This matches with my philosophy of applying reason in any prevailing circumstances. Sudhir has maintained his Forbes net worth of USD 1.2 billion. [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. 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. [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. Kiggundus road to success began when, in 2004, he established the Ham Group of Companies, which is now considered one of the most renowned business conglomerates in Uganda. [8][62][63], Kiggundu has a home located on the shores of Lake Victoria, popularly known as Hams Residence. 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. [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. By profession, I am a lawyer, but today Im more of a businessman than a lawyer. However, Sudhir has continued to invest in upscale accommodations and office spaces, as well as commercial buildings in DownTown Kampala. The Ham Group has been an important part of the Ugandan economy for years and its presence abroad is testament to its business acumen. 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 companies are Ham Enterprises and Kiggs International Uganda Limited. In March 2020, Kiggundu was featured prominently in Ugandan media for his court battle with Diamond Trust Bank. He also added several new stands and a modern scoreboard. Kiggundu learnt the business from his father who was a businessman in Kampala, dealing in textiles. Hamis Kiggundu. 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. Moreover, expansion beyond East Africa brought the enterprise to Europe, India, and other countries all over the world. Language links are at the top of the page across from the title. As my trading business thrived, I opted to venture into a more sophisticated business and real estate was a natural fit for me. 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. 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 has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. After Ham Towers, I had mastered the game of commercial real estate. His determination to save lives in such a compassionate and generous manner is really something to be admired. It will house the headquarters for all his companies. This gave me the opportunity to test the entrepreneurial waters. It stands useless if it cant save peoples lives. Kiggundu began small locally dealing in merchandise from first-hand importers abroad, and selling them at a profit. [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. 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. The source of Hamis Kiggundu's wealth has been revealed. Ugandan business magnate, Internet entrepreneur, philanthropist, and author Kiggundu drew from his fathers background in textiles and experience, as he slowly accumulated capital to grow the trading venture. 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. 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. Kiggundus generosity did not go without criticism, however, as the Ugandan journalists were also given cash handouts for the relief packages. 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. It will equally stand as an illustration of possibilities for my fellow Ugandans and Africans at large. If you think your bankers are your friends, then youre mistaken; those are your business partners. These businessmen have made their wealth by investing in different sectors. Success and Failure Based on Reason and Reality, "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", "OKUTUMBULA EBYOBULIMI: Ham Kiggundu ayanjudde enteekateeka", "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. Masaka, which used to be a larger town but is now a metropolis, includes Kalunga village. Who is the best musician in Uganda 2021? 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. Karim Hirjis wealth was affected by the Covid19 pandemic owing to his investments in the hospitality industry. HAMIS KIGGUNDU Group CEO. Other projects include a charity organization named Ham Foundation that aims at social development. He was raised in a small community of Kalunga, Uganda, in Eas. [11], He attended his elementary education in Masaka, joined Kabojja International School in Kampala District for his high school education,[12][13][10] and later graduated from Makerere University with a Bachelors of Laws. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. Together, they worked tirelessly to restore the stadium to its former glory. 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