Here are the wealthiest people in Kenya; some are deceased, but their names still hold much transferred to their kin.
Moi and his family are among the country’s most affluent families, with an estimated net worth of $3 billion. They have several companies and have invested in almost every niche in Kenya. Moi’s wealth is hard to track owing to its diversity and secrecy, but needless to say, at USD 3 billion, he is one of the richest men in Kenya and beyond.
• Raila Odinga
He is an African Union High Representative. Some of his source of wealth is acquired from politics. His net worth is more than $500 million.
He sources his wealth also from the oil and gas industry, manufacturing, and other businesses. He has two exotic mansions one in Karen other in Central Siaya. He has two choppers one costs $2 million. Raila has got a White Range River Sports car and a V8 Land Cruiser.
• James Mwangi
James Mwangi is a businessman, banker, Group Managing Director, and Group Chief Executive Officer of Equity Group Holdings Limited. He also owns britam insurance company. These roles make the family one of the wealthiest in Kenya. The family’s name is on marble, with a net worth of upward of US$170 million at a time.
S.K. Macharia is a businessman and media mogul who owns numerous English, Kiswahili, and Vernacular stations, including Citizen TV, Kiss, Radio Jambo, Ramogi, Muuga Chamgei, Inooro, Bahari, and Wimwaro. These stations collectively make The Royal Media company one of Kenya’s most successful media companies.
S.K has also tried his hand in Agriculture, Real estate, Transport, and Banking. His total net worth is estimated to be $150 million. He is said to be an all-rounder as his investments are found in all major companies in Kenya.
• Baloobhai Patel
Baloobhai Patel is a businessman, entrepreneur, and philanthropist in Kenya. His investments include Transworld Safaris Limited’s tour company, which he wholly owns and serves as the managing director.
He also serves as a non-executive director at Pan Africa Insurance, the largest non-institutional shareholder. He also maintains significant shareholding in Barclays Bank Kenya, Bamburi Cement, Carbacid Investments, Diamond Trust Bank Group, and Safaricom. In July 2013, he held in NSE-listed companies valued at KSh2.4 billion.
• Titus Naikuni
Another one on our list of richest people in Kenya is Titus Naikuni. He is a mechanical engineer, businessman, and corporate executive in Kenya. Naikuni has made a fortune and managed to be on the list of the wealthiest individuals in Kenya.
Biwott owned the prestigious Yaya Center, a landmark shopping center in Nairobi, at his death. He also owned Air Kenya, among other ventures. His business dealings were in total secrecy, making it hard to determine his net worth.
However, the Nigerian Venture magazine placed Nicholas Biwott at $1 billion, making him one of the richest men in Kenya and Africa.
• Mama Ngina Kenyatta
Mama Ngina Kenyatta and former powerful cabinet minister Nicholas Biwott appeared in Africa’s top billionaires in the Nigeria-based Ventures financial magazine.
The two are among the 55 Africa’s dollar billionaires in a list that includes two Kenyans, Naushad Merali and Manu Chandaria. The magazine tips as the country’s wealthiest and 25th most prosperous continent, with a fortune of $1.65 billion (Sh142 billion).
Mama Ngina, the mother of Kenya’s fourth President, Uhuru Kenyatta, has a net worth of $1 billion (Sh86 billion) spread in the real estate, banking, and hospitality sectors. She is among the three women that made it to Africa’s billionaire club.
• Bhimji Depar Shah
He is the founder and current Chairman of BIDCO Group of Companies, a Kenya-based, family-owned manufacturing conglomerate with businesses in 13 African countries. He is one of the wealthiest people in Kenya, with an estimated net worth of approximately US$700 million.
• Joseph Wanjui
Joe Wanjui (Joseph Barrage Warui) is a businessman and a political advisor. He is the Chief Executive Officer of Unilever. He serves as the Chairman of UAP Holdings Limited and the Jockey Club of Kenya. Valued at USD 125 Million, many describe him as a most accomplished individual.
• Bharat Thakrar
Bharat Thakrar is valued at USD 90 Million. Founder and CEO of Scan Group, East Africa’s most extensive marketing services, he is the company’s largest shareholder. He is valued to be US$$90 million in net worth.
Also, read about the Richest musicians in Kenya.
• Jane Wanjiru Michuki
She is a Kenyan Lawyer, Businesswoman, and Investor. Jane Wanjiru is the managing partner at Kimani & Michuki Advocates, a corporate law firm based in Nairobi with vast clients all over the country. Her estimated net worth is US$60 million.
• Duncan Ndegwa
The asset valuation of Fina Bank (Kenya) is estimated to be approximately $171 million. The first African governor of the Central Bank of Kenya (CBK), Ndegwa, also served as the first Kenyan African Head of the Civil Service. His exact net worth is unknown but is sure to run into the millions of dollars.
• Pradeep Paunrana
Paunrana is one of the richest people in Kenya, valued at USD 80 Million. He was born in 1959 and educated in Kenyan schools.
Paunrana spent two years with a software company in New York, where he earned US$40,000 annually, and returned to Kenya in late 1984. He later teamed up with his father in his business, known as ARM Cement Limited, listed on the Nairobi Securities Exchange (NSE).