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. 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. 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. Hamis Kiggundu is an inspirational figure that represents the best of what Uganda has to offer. In 2018, Hamis Kiggundu was awarded as a way of acknowledging his book titled: Success and Failure Based on Reason and Reality. [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. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. They must have the ability to anticipate change and most importantly they must be courageous enough to abandon their past. Looking at the mistakes I had made in my first project, I was able to move a bit faster because I knew what to expect when it came to the space of commercial real estate. The Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. Kiggudu attended Masaka primary school and spent most of his school holidays helping his father, a . 3,500. Andrew Kayiira. It will house the headquarters for all his companies. Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. In 2007, the Uganda Pentecostal University gave Ruparelia an honorary Doctor of Laws degree in business. . This article, therefore, presents to you the top ten richest Ugandans including their net worth. 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. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. With the combined rental income from these two properties, Kiggundu was able to secure more financing from banks for other projects. Hamis Kiggundu, the Company's founder and C.E.O, is the majority shareholder in the company. Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. This came as a recognition of his contribution to the countrys economic progress. Education and Early Years. After all, no man is an island. The success of the trading venture allowed Kiggundu to invest in the real estate sector, buying and selling land and properties. I own a commercial property in the UK situated at 375 Moston Ln, Manchester M40 9NB, trading as Ham International UK Ltd. The company's market capitalization has surged by $42 million since the news of the acquisition broke on April 12. Mesach Semakula - $560,000. He also founded the Crane Group of Companies which includes Crane Bank, Crane Forex Bureau, Crane Management Services, and many other companies across sectors such as banking, energy, media, and hospitality, among others. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. Ham Enterprises is certainly the most visible division with its wide array of commercial properties evident throughout Kampalas Central Business District. . 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. [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. With time as capital inflow accumulated, Kiggundu advanced to firsthand importers importing goods from China, Thailand, Dubai and Hongkong. Today, the Ham Group stands as a diversified conglomerate in logistics, transportation, energy, trading and various manufacturing enterprises. I can easily sell them gradually once I need financing. He used to assist his father in business transactions during school holidays and this grew his confidence and experience in the business sector. There are very narrow chances of small businesses succeeding and enjoying long-term sustainability with these kinds of rates. Language links are at the top of the page across from the title. 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. With time, I have mastered the art of growing my operational capital internally thus outgrowing the need for exploitative financing from banks for now. 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. In February 2020,Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. His expansion in other sectors such as real estate have resulted in apartments and shopping malls being built across East Africa. 10 What is the net worth of Hamis Kiggundu? 11 Which tribe is the poorest in Uganda? 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. Businessman, entrepreneur, investor, lawyer, This page was last edited on 18 April 2023, at 08:40. News on our desk shows that the tycoon who was born in a family of 6 and . 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. [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. Hamis Kiggundu , commonly known as Ham, author and lawyer. Once one is blessed with success its only reasonable that they start their struggle towards collective society development rather than individual-centered prosperity because success amidst a poor society only stands as a liability rather than an asset. 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. 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. Any words for young entrepreneurs who desire to achieve the level of success that you have? 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. The investment were making there is gradual and at a controlled pace, yet in the long run, we envisage huge returns on the investment. What started off as a small trading enterprise has grown from strength-to-strength and become the face of the multinational organisation it is today. Malleable leaders are those who can adapt their behaviors, thoughts, and feelings to the changing environment in which they operate. After all, the stadium had not been touched since the 1960s, and it was showing its age. Beginning in 2009, Kiggundu incorporated Ham Enterprises (U) Ltd, and advanced to constructing and owning his commercial edifices. [16][17][18], In April 2020 Kiggundu donated food relief to Uganda's COVID-19 task force. I chose those specific items because it was those commodities that my parents were dealing in then. Background Besides, Kiggundu has children from other women. Hamis Kiggundu $870 Million At just 37, Hamis Kiggundu is one of East Africa's most revered young entrepreneurs and real estate moguls. The 500 modern homes under Ham Palm Villas are a means for capital accumulation. He is the chairman and principal stakeholder of the Ruparelia Group's firms. Kiggundu is allegedly accused of grabbing land in Kigomeasuring 140 acres owned by the Buganda Kingdom. 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. 13 Is Uganda poor or rich? Masaka, which used to be a larger town but is now a metropolis, includes Kalunga village. The road to wealth for Kiggundu is quite an interesting one. We resent fake stories in all our published stories, and are driven by our tagline of being Accurate, Fast & Reliable. . 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. 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. 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. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. When Ugandan businessman Hamis Kiggundu, started his first business years . He is the CEO of the Ham Group of Companies. Hamis Kiggundu (born February 10, 1984), commonly known as Ham, [1] [2] [3] [4] is a Ugandan businessman, investor, real estate and property developer, philanthropist, [5] author and lawyer. His drive and enthusiasm would quickly thrust the enterprise into a new era and become the vision of the organisation. At just 37, with a forbes net worth of $870 million; Kiggindu famously known as Ham in his home country, owns a number of . Kiggundu is a true example of someone who, through dedication and decision-making, has managed to achieve great success in Uganda. Other projects include a charity organization named Ham Foundation that aims at social development. He is also estimated to have an annual income of 100 million US Dollars by 2021 which is his highest annual earning. I started small, buying garments, furniture, ladies bags and other commodities from large importing wholesalers and selling them locally at a profit. Haruna and his brother Hamis are young businessmen who have used their family business experience to invest wisely and grow their wealth. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. 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. He is worth USD1 billion. Muwonge is an allusive billionaire who is rarely seen in public. 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