By Bossip Africa | Billionaires Index

In 2026, Ugandan entrepreneur Hamis Kiggundu has become the country’s richest individual, with an estimated net worth of $1.3 billion, according to Bossip Africa’s annual Billionaires Ranking.

Kiggundu, the founder and chairman of the Ham Group of Companies, has built his fortune through a diversified portfolio of operating businesses across real estate, manufacturing, agro-processing, logistics, hospitality and infrastructure — positioning him not only as Uganda’s wealthiest individual, but also as one of its most economically consequential.

Profile

• Name: Hamis Kiggundu

• Age: 42 (born 1984)

• Citizenship: Uganda

• Net Worth (2026): $1.3 billion

• Source of Wealth: Real estate, manufacturing, logistics, hospitality

• Company: Ham Group of Companies

Kiggundu began as a small-scale entrepreneur and grew his businesses into a vertically integrated group spanning property development, industrial production, transport, retail, and services. His companies develop and operate physical assets — factories, buildings, logistics fleets, and commercial centers — rather than simply owning financial stakes.

This structure places his wealth in what economists describe as productive capital rather than portfolio capital.

Net Worth

Estimated Net Worth (2026): $1.3 Billion

Kiggundu’s net worth has grown steadily over the past six years, reflecting expansion across multiple sectors rather than a single asset or speculative surge.

“Hamis Kiggundu Net Worth Growth, 2020–2026 (USD Millions)”
(Graph showing growth from approx. $350M in 2020 to $1.3B in 2026)

The upward trend reflects:

• Completion of large commercial and residential property developments

• Expansion into manufacturing and agro-processing

• Growth in logistics, hospitality, and service operations

• Continued reinvestment of profits into new physical assets

Unlike market-linked fortunes that fluctuate with stock prices or commodity cycles, Kiggundu’s wealth has compounded through asset accumulation and enterprise expansion.

Source of Wealth

Kiggundu’s fortune is built primarily from:

• Real Estate & Infrastructure: Commercial complexes, residential developments, urban projects

• Manufacturing & Agro-Processing: Value-addition industries and processing plants

• Logistics & Transport: Distribution, fleet operations, and regional trade

• Hospitality & Leisure: Hotels, entertainment, and service businesses

These sectors are capital-intensive and operational, meaning wealth is generated through production, employment, and long-term asset appreciation.

Economic Footprint

Beyond personal wealth, Kiggundu’s businesses:

• Employ thousands directly and indirectly

• Support local suppliers and contractors

• Contribute to urban development and industrialization

• Retain significant value within the Ugandan economy

This gives his fortune both scale and depth — a defining feature in Bossip Africa’s ranking methodology.

Editor’s Note: Why Kiggundu Ranks Above Sudhir

Bossip Africa ranks individuals not only by net worth size, but by the economic quality of that wealth.

Sudhir Ruparelia remains one of Uganda’s most successful and influential businessmen, particularly in banking, property, and finance. However, the majority of Sudhir’s wealth is classified as investment-based and financial  concentrated in banking, real estate holdings, and portfolio assets.

By contrast, Hamis Kiggundu’s wealth is primarily productive and operational.

That distinction matters.

• Sudhir’s wealth largely grows through capital ownership and financial returns which can make losses easily than Ham.

• Kiggundu’s wealth grows through asset creation, industrial activity, and enterprise building.

In 2026, Kiggundu’s net worth surpasses Sudhir’s numerically  but more importantly, it surpasses it structurally. His businesses add new capacity to the economy rather than primarily redistributing existing value.

For this reason, Bossip Africa recognizes Hamis Kiggundu as Uganda’s richest person in 2026  not just in dollar terms, but in economic substance.

Hamis Kiggundu is Uganda’s richest person in 2026 with a net worth of $1.3 billion  and he represents a new generation of African billionaires whose fortunes are built on production, not just possession.