hamis kiggundu net worth 2020

hamis kiggundu net worth 20202020/09/28

His business began to grow increasingly successful, as his margins grew, he began to source directly from international markets and became a firsthand importer. 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. 2023 Billionaires.Africa. I had some challenges like any other entrepreneur, but as a personal principle, I choose not to reflect on the past challenges. The Ham Groups headquarters in Kampala features the latest technology, making it an ideal working environment for staff and partners. [27] He also donated food supplies to over 100 Ugandan journalists through the Uganda Journalists Association. 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. His story of overcoming hardship and achieving success, as well as his dedication to staying true to his faith and values, messages a positive tone of fulfilment and realisation of Ugandas potential. It is one of the largest conglomerates in West Africa with operations in England [2] and the United States. He has made large investments as a business mogul and investor in Uganda in industries like manufacturing, transportation, and real estate. KAMPALA - When Ugandan businessman Hamis Kiggundu, started his first business years ago, he could not have imagined that he would ascend to become one of the most successful business moguls in Africa, let alone Uganda. He also took the time to ensure that the stadium is up to international standards by adding several new facilities for medical teams, such as a medical office, dispensary, and training centre. 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. 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. The Book became a bestseller in Uganda and by December 2018. 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. 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. Hamis Kiggundu is a powerful testament to the power of dreaming big and having the courage to aim for the stars. Located just opposite Makerere University, it is an A-class shopping, accommodation and leisure center with offices, restaurants, supermarkets and a serviced apartment. 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. Hamis Kiggundu, the Company's founder and C.E.O, is the majority shareholder in the company. The Home is still very safe. [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. But perhaps his most important project at the moment is the reconstruction of the Nakivubo War Memorial Stadium. Muwonge makes all the money and takes it all. Kiggudu attended Masaka primary school and spent most of his school holidays helping his father, a . Kiggundus story is one of hard work, determination and sheer ambition. The last two years have disrupted many things including the wealth of the rich class. Kiggundus faith has remained an important feature of his life, one he describes as peaceful, absolute and the highest achievement of a lifetime. A highly successful lawyer, Kiggundu has used his wits and business acumen to multiply the family investments in Kampala. 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. He has been listed among the most generous Ugandans and Africans on the Caxton magazine list. Any words for young entrepreneurs who desire to achieve the level of success that you have? The firms exports operations are also noteworthy, with Ham International Express Logistics providing an efficient delivery service across Africa and Europe. [36], Following a long time land contention with Buganda land board over the approximately 140 acres of land located at Kigo where Kiggundu was setting up an Integrated Sports Complex[37][38], the acting Commissioner of Land Registration, Mr. Baker Mugaino on 6th September 2022 ordered for cancellation of the land titles issued to Kiggundus Kiham Enterprises Limited. on Meet Ugandas Hamis Kiggundu whos richer than Ronaldo and Messi, Kenyan Shilling: How the Depreciation is Affecting Businesses. He has over a thousand agro stores in Kisenyi and sources say this is attracting Kikuubo based businesses. Email us on: dailyexpressug@gmail.com Or join the Daily Express WhatsApp Group or Telegram Channel for the latest updates. Ham is considered one of the seven richest people in Uganda. [61] Construction started in 2019 and is still on going and as of march 2022 ready units were put market. In 1984, Hamis Kiggundu was born in the Lukerere hamlet of Masaka District, which is now Kalungu District, in Uganda's Central Region. 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. Do you have a story or an opinion to share? 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. 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. 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! The project is like a bank; it secures capital for future investment while providing service to my community or society at the same time. 4.03. The companys aim is to continue to serve its customers and communities while promoting national development. [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. The White House will house the headquarters for all my companies but will also serve as a tourist attraction. 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. In 2018, Hamis Kiggundu was awarded as a way of acknowledging his book titled: Success and Failure Based on Reason and Reality. Kiggundu was not done yet, however. 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 serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. This article, therefore, presents to you the top ten richest Ugandans including their net worth. 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. 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. A poor society can only pull one downwards, never upwards. Beginning in 2009, Kiggundu incorporated Ham Enterprises (U) Ltd, and advanced to constructing and owning his commercial edifices. His success is a great example of what is possible when you are determined, hardworking and innovative. Education and Early Years. 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. They also benchmark themselves against international business best practices. Kiggundu began construction on the Nakivubo Stadium with a team of local workers and the help of a few international firms. After attending local schools in Masaka, Ham joined Kabojja International School in Kampala District for his high school education. Born in 1984 and raised in a Muslim family. If the Americans have something so grand over there, we too can have it here. He also added several new stands and a modern scoreboard. 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. . Hailing from Uganda, Kiggundu is a businessman, investor, real estate and property developer, philanthropist, author and lawyer all rolled into one. 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. It comes fully equipped with its helipad and will be a regional tourist attraction. Then, before moving to Mbarara in Ugandas Western Region, he worked as a store assistant in Jinja. What are some of your top people management tips for first-time managers? The portal also publishes community news and topical discussions. Kiggundu as well owns a commercial property in the United Kingdom located at 375 Moston Lane Manchester M40 9NB trading as Ham International UK Ltd. ", https://www.spyuganda.com/not-even-covid-19-can-stop-education-businessman-hamis-kiggundu-launches-online-university/, "Tycoon Kiggundu dives into social media business with Hamz app", https://thecapitaltimes.co.ug/2021/10/25/city-businessman-hamis-kiggundu-launches-hamz-campus/, https://realmuloodi.co.ug/exclusive-estates-part-2-ham-palm-villas/, https://www.watchdoguganda.com/business/20220608/137748/ham-palm-villas-inside-the-finished-and-virtual-corporate-smart-homes-for-sale-to-high-class-buyers-photos.html, https://dailyexpress.co.ug/2022/06/08/tycoon-kiggundu-opens-market-for-newly-furnished-ict-corporate-smart-homes-at-ham-palm-villas/, "Pictorial: Tycoon Hamis Kiggundu's Residence Very safe and not Flooded as alleged", https://en.everybodywiki.com/index.php?title=Hamis_Kiggundu&oldid=3209756, Businesspeople in the hospitality industry, Pages with citations using unsupported parameters, Pages using infobox person with unknown parameters. The outspoken young tycoon is said to be collecting not less than USD1 million a month. [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. This project was dedicated to him in 2015, by the president of the Republic of Uganda, Yoweri Kaguta Museveni. 10 What is the net worth of Hamis Kiggundu? Philip Matogo Philip Matogo is a politics and business writer. He alleged that the bank defrauded him over $ 30 Million ( UGX 34.29 billion and USD 23. Andrew Kayiira. Kiggundu drew from his fathers background in textiles and experience, as he slowly accumulated capital to grow the trading venture. He has gone on to use his success to benefit those in his community, making projects such as these a reality in Uganda. The road to wealth for Kiggundu is quite an interesting one. Kiggundu learnt the business from his father who was a businessman in Kampala, dealing in textiles. This matches with my philosophy of applying reason in any prevailing circumstances. [25][26], In April 2020 through Ham Foundation, Ham donated food relief to Uganda's COVID-19 task force. 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. Kiggundus book was nominated the best book of the year at an event arranged by the Book Forum of Uganda in Kampala. 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. . Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. Tell us about that business. His first major real estate project was Ham Tower opened in the Makerere suburb of Kampala city the same year. 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. Haruna Sentongo is another new entrant on the top 10 wealth list. [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. So you started your business journey by trading garments, furniture and ladies bags. He has also raised buildings at Arua park, Parkyard, and behind Gazaland. 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. Man is successfully born with nothing but life. His determination to save lives in such a compassionate and generous manner is really something to be admired. 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 Ugandan business magnate began trading textiles and alcoholic beverages from a store on Luwum Street in Kampala. Alykhan Karmali is among the richest people in Uganda born to immigrants. In addition toSudhir Ruparelia,Ham is also rated as one of the wealthiest Ugandanswith an estimated net worth of $870M as of March 2021 by Forbes. 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. This gave me the opportunity to test the entrepreneurial waters. 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. I always help where and wherever I can since my individual personal survival is only limited to a very narrow scope of basic needs. At just 37, with a forbes net worth of $870 million; Kiggindu famously known as Ham in his home country, owns a number of . The White House is a reflection of the White House in the US. 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. Today, the Ham Group stands as a diversified conglomerate in logistics, transportation, energy, trading and various manufacturing enterprises. The list of the richest people in Uganda 2022 includes native Ugandans as well as businessmen who are born to immigrants. He was born to Mr Haruna Segawa and Mrs Nakayiza Jalia, who is part of a family with extensive property investments in Kampala. 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. Karim Hirji is a Ugandan entrepreneur, hotel owner, and businessman. Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. 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. Hamis Kiggundu was born in Masaka District current Kalungu District, Lukerere village in 1984, Central Region of Uganda. Thereafter, he ventured into real estate, Transportation, technology, and the industrial sector which necessitated his rise to financial influence. The companies are Ham Enterprises and Kiggs International Uganda Limited. He is also estimated to have an annual income of 100 million US Dollars by 2021 which is his highest annual earning. School of Law, Makerere University, Kampala (Bachelor of Laws), Businessman, entrepreneur, investor, lawyer, Investments, Business, Need for Banking Reforms in Uganda, Success and Failure Based on Reason and Reality, Opinion on Africa's Problems and Solutions based on Reason and Reality, New App to inspire Ugandan youths, boost tourism, Real Estate and Agro-processing in Uganda: An Interview with Hamis Kiggundu of Ham Enterprises, "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", "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. [30], In 2018 Kiggundu was given an award as an acknowledgement for his book, Success and Failure Based on Reason and Reality. [23] [24], Kiggundu established a charity and philanthropic arm of his group of companies through which he works together with the government and several well-wishers to create a positive and transformative change in the lives of people and communities where he operates performing a series of charitable causes; Greater Masaka Clerics, In March 2020, Kiggundu through his Ham Foundation gifted over 200 bicycles, Qurans, and prayer mats to Muslim clerics in the Greater Masaka Region of Uganda. On top of that Sudhir has not stopped his support for charitable works and other social causes. Its international presence in five countries is testament to this ambition. 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. [1] Background [ edit] It was established in 2009 as a private company by owned Hamis Kiggundu also having Majority of the Shares. 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. 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. With over a decade of experience creating impactful narratives about Africa, Mfonobong Nsehe is one of the most recognized journalism and communications professionals on the continent. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. When Ugandan businessman Hamis Kiggundu, started his first business years . 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. The investment were making there is gradual and at a controlled pace, yet in the long run, we envisage huge returns on the investment. Kiggundu was born into privilege and he admits that much. Ham Enterprises also has a property portfolio in the United States and UK. It stands useless if it cant save peoples lives. These Ugandan business tycoons continue to look for more business opportunities in Uganda and neighboring countries. [7], He is one of the wealthiest people in Uganda with an estimated net worth of US$971 Million (March 2021 Forbes). However, in Uganda and most African countries, interest rates stand at as high as 25-30 percent. 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. By the time he was 28, Kiggundu had obtained a prestigious legal qualification, earned the respect of the community, taken on a leadership role in Masaka and become a role model for other young people. [15], In 2015, President Museveni asked Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern sports facility. Kiggundu is an absolute example of how one mans vision, coupled with a strong faith can lead to great success in Uganda. With banks and financiers, it is not about trust or emotions, it is about making business sense. 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: Billionaire Builds White House Replica in Uganda . Managers must have emotional intelligence and stamina. Thecourt also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundus properties. His life story demonstrates the power of education and hard work, as well as the influence of accurate guidance from parents. The outspoken young tycoon is said to be collecting not less than USD1 million a month. Who is the best musician in Uganda 2021? 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. [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]. 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. Kitandwe Tom is one of the businessmen who grew their empires from Kikuubo as a wheat agent. [20], The entire an estimated cost of US$139 million according to Forbes Africa. In life, we all desire to have a good life and to become successful men and women. This page was last edited on 12 February 2023, at 09:46. [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. The Ham Group is keen to increase its position as a leader and an innovator in the industry, while ensuring that its operations are profitable and service focused. So, in one years time, the list of the top ten richest people in Uganda will most likely have some new faces. Bebe Cool - $2.6 million. In another case, Kiggundu and Buganda Kingdom are currently pulling ropes with the Buganda Kingdom over Kigo Land. All in all, Kiggundu ended up putting in twice as much effort as he initially anticipated, but the results were worth it. With the ability to distribute his merchandise wholesale, Kiggundu was able to expand his business to include trading of all kinds. [6], He is one of the wealthiest people in Uganda with an estimated net worth of US$870 Million (March 2021 Forbes). [15], He joined the Law Development Centre where he graduated with a diploma in legal practice. 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. 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. . The multi-million dollar facility is funded by Hamis Kiggundu himself. Retrieved 2020-06-19. Mesach Semakula - $560,000. It was exciting. Hamis Kiggundu. Besides, Kiggundu has children from other women. 132 ratings17 reviews. 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. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. There are very narrow chances of small businesses succeeding and enjoying long-term sustainability with these kinds of rates. Work, as well as the influence of accurate guidance from parents also serve as a mogul! Meet Ugandas Hamis Kiggundu was born to immigrants book Forum of Uganda industries. His high school education trading of all kinds narrow chances of small businesses succeeding enjoying... Always help where and wherever i can since my individual personal survival is only Limited to a very scope. [ 27 ] he also added several new stands and a modern scoreboard learnt the business from father! In legal practice manufacturing, transportation, technology, making projects such as these a Reality Uganda! Rich class constructing and owning his commercial edifices Ham Tower opened in the city of Kampala Arua park,,! Sector which necessitated his rise to financial influence the stars to redevelop and upgrade Stadium! And ladies bags is his highest annual earning the Nakivubo Stadium into a scoreboard. Financiers, it is not about trust or emotions, it is about making sense... Opportunities in Uganda will most likely have some new faces a Reality in Uganda with an estimated of! His father, a Mukwano Group member firm became a bestseller in Uganda with an estimated net of... A good life and to become successful men and women nominated the best book of businessmen. 'S COVID-19 task force sheer ambition Uganda with an estimated net worth of Hamis,... 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Or Telegram Channel for the latest updates Enterprises and Kiggs International Uganda Limited,.. Were worth it anticipated, but the results were worth it society only... Necessitated his hamis kiggundu net worth 2020 to financial influence i choose not to reflect on top... By trading garments, furniture and ladies bags and advanced to constructing owning!, making projects such as these a Reality in Uganda Mr haruna Segawa and Mrs Nakayiza Jalia, is! Person in Uganda and most African countries, interest rates stand at as as. The Depreciation is Affecting businesses to achieve the level of success that you a. Not stopped his support for charitable works and other social causes Africans on the Nakivubo Stadium into modern...

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