Asked on 15th July, 2020
2 years ago
2 years ago
With regard to your growing bank account and goal of achieving financial independence and becoming one of the richest men or women in the world- there is a popular saying, charity begins from home, who are the richest people in Kenya as of today?
I guess you are probably already having names popping into your head as who will appear in the list.
although most politicians who served the government have long dominated the list, we have Kenyans business tycoon who is presently making names in this regard.
Research conducted by wealth report and published by Knight Frank in 2019, disclosed that 8,400 Kenyans had become millionaires in 2013, with an increase in 2018 to 9,482.
The projection is that by 2023, the number will rise by 22 percent to 11,584.
Top List of 20 wealthiest individuals in Kenya, their net-worth, and where they made their wealth.
Kirop Bundotich, aged 42, also known as Buseki has a net worth of $30 Million. Do know that his income is largely dependent on Milk dairy, Transport, all Self-Made.
Founder and Group Executive Director of Buzeki Group of Companies his Buzeki Dairy Limited in 2008 made the Tuzo and Molo milk brands largely enjoyed by Kenyans.
As a strategic businessman, in 2013, Bundotich sold his Buzeki Dairy business to Brookside Diaries for KSh1.5 billion.
Moving into the transportation sector, Buzeki Group is a well-registered company in the transport and logistics industry in Kenya worth billions of KSh.
Presently, the group has the following list of companies:
19. Pius Ngugi
Pius Ngugi aged 75, a business tycoon, worth $35 million, engaged in Food Processing, owns the Kenya Nut Company which he founded in 1974.
Research has it that the company is presently the main exporter of macadamia nuts from Kenya and has over 2500 employees.
A flashback in 2016, shows that he made $60 million in revenue from exporting macadamia nuts from Kenya.
Other companies he owns are Thika Coffee Mills, a shareholder in the Tatu City development project, and Kenya Alliance Insurance.
Other interests include dairy farming, Amazon Motors, manufacture of sweets, and winery.
18. Adil Popat
Adil Popat, aged 69 is one of the most successful car dealers in Kenya, worth $40 million.
Also into hotels, he is the Group Executive Chairman of Simba Corporation which has interests in motor sales and service, hospitality, investment, and financial services.
The company founded in 1948 has metamorphosed into a billion KSh investment as he is the sole authorized dealer of the Fuso, Mahindra, Renault and Mitsubishi car brands. The Group also owns the famous Villa Rosa Kempinski (Nairobi) and Olare Mara Kempinski (Masai Mara) hotels.
17. Jimnah Mbaru
This is another popular name ringing bell in Kenya. Jimnah Mbaru, aged 65, is a successful businessman in investment banking, worth $48 million.
As the owner and Chairman of Dyer and Blair Investment Bank which he acquired from KCB in 1983, the bank according to statistics is the leading investment firm in Kenya with branches in Uganda and Rwanda. It has over $300 million in assets under management.
Other interests arear where he has stakes are Equity Bank and Transcentury Group among others.
William Ruto kenyan billionare
Aged 53, his worth is $50 Million, as his wealth is gotten majorly from Politics and business.
Recognized as one of the self-made multi-millionaires in Kenya, here are the list of the companies and property he owns.
15. Mwai Kibaki
Mwai Kibaki & Family, aged 88, worth $60 Million, is a self-made man in Politics and properties.
Recall that Mwai Kibaki was the 3rd Kenyan President and one of the biggest landowners possessing thousands of acres of land around the country.
Precisely, about 10,000 acres of land in each of the following places; Bahati, Nanyuki, Laikipia, and Rumuruti.
Other areas of interest where he has shared are UAP insurance, Jacaranda Hotel, CFC Bank, CMC Holdings Group of companies, Unga Group Ltd, Toyota Kenya, Express Kenya Ltd, Royal insurance, Windsor Golf, and Country Club among others.
14. Titus Naikuni
Titus Naikuni whose source of wealth is traced to the Corporate Sector with net Worth of $100 Million aged 66, is a Kenyan mechanical engineer, entrepreneur, and business executive.
He’s the chairman of the board of Rift Valley Railways Consortium and Airtel Kenya. Former Managing Director and CEO of Kenya Airways, Kenya Power and Lighting Company, Brunner Mond (South Africa), Tata Chemicals Magadi and Prudential Life Assurance Kenya.
13. Baloobhai Patel
Baloobhai Patel a well-known philanthropist, aged 81, worth $150 Million in Kenya, a businessman and an entrepreneur, a non-executive director at Pan Africa Insurance…
the largest non-institutional shareholder with a significant shareholding in Barclays Bank Kenya, Bamburi Cement, Carbacid Investments, Diamond Trust Bank Group, and Safaricom. In July 2013, his holding in NSE-listed companies valued at KSh2.4 billion.
12. S.K Macharia
S. K Macharia aged 77, has a net worth of $150 Million as he is into Royal Media Services in Kenya.
His largest private television and radio network are in Kenya and East Africa. Some of its famous brands include Citizen TV, Inooro TV, Radio Citizen, Hot 96 among others.
11. James Mwangi
Considered as one of the richest people in Kenya, has a net worth of $170 Million, aged 56, the source of his wealth is Equity Bank.
Current Managing Director and CEO of Equity Group Holdings Limited (EGHL).
James is among the major individual shareholders of EGHL with a 5.52% stake. He also owns shares at British American Insurance Company Limited (Britam).
10. Raila Odinga
Raila Odinga aged 76, worth $250 Million gets his money from Politics, manufacturing, industrial gas storage amongst several others.
Raila Odinga also owns 2 private choppers and residential homes in Karen, Runda, Kisumu, and Mombasa.
9. Peter Munga
Founder and Chairman of Equity Group Holdings Limited (EGHL), a financial services holding firm based in Nairobi, he owns Equity Bank, one of the largest commercial banks in Kenya. The Group also has operations in Uganda, Rwanda, South Sudan, Tanzania, and DRC.
The company has a total of over 13 million customers and generates annual revenues in excess of KSh19.5 billion. EGHL also controls assets worth an estimated KSh530 billion. It employs over
8. Chris Kirubi
Chris Kirubi with a net worth of a whopping $400 Million into real estate, aged 78, is a successful business magnate, industrialist, and philanthropist.
He is a Director and the largest individual shareholder (with a 28.94% stake) at Centum Investments amongst others.
7. Uhuru Kenyatta
Uhuru Kenyatta Kenyan richest person
The son of Jomo Kenyatta and the 4th and current President of Kenya is a successful businessman and one of the richest people in Kenya, he worth of US$500 million.
Here are his assets:
6. Naushad Merali
The Executive Chairman of the Sameer Group, a business conglomerate based in Nairobi, is worth $600 Million. Aged 68, his business empire comprises 15 companies and has operations in Kenya and the rest of Africa.
Here are some of the businesses:
5. Bhimji Depar Shah
He is occupying the number 5th position with a net worth of $900 Million.
Aged 88, his company Bidco produces edible oils, fats, soaps and detergents, animal feeds, margarine, food, and beverages. It is based in Thika and also has operations in Central and Southern Africa. The company has manufacturing factories in Kenya, Uganda, and Tanzania.
4. Mama Ngina Kenyatta
The only female amongst the men in Kenya is ranking number 4, with a net worth of $1 Billion.
Recall that Mama Ngina is the widow to Jomo Kenyatta, the 1st president of Kenya. She’s also the mother to Uhuru Kenyatta.
Recent information has it that the family’s giant dairy company, Brookside has acquired several rival dairy firms including Buzeki Dairy in 2013 for 1.1 billion. Other acquisitions include Ilara, Delamere, SpinKnit, Molo Milk and Kilifi dairy brands.
3. Nicholas Biwott
With a net worth of $1.1 Billion, Biwott is the owner of Yaya Center (a shopping mall in Nairobi), operates petrol stations across Eastern, Central, and Southern Africa.
Other investments are:
2. Manu Chandaria
Aged 90, with a net worth of $1.7Billion, Manu Chandaria is a Kenyan businessman, industrialist, and philanthropist of Indian descent.
His company, Comcraft Kenya Ltd which manufactures aluminum and steel products as well as plastics, operates in Tanzania, Ethiopia, and Uganda. Comcraft generates annual revenues of more than 200 billion.
1. Daniel Moi & Family
The number one on the list and the richest person in Kenya, worth $3 Billion is Daniel Moi & Family.
Daniel Moi is a former politician who served as the second President of Kenya, an entrepreneur, investor, and businessman.
Daniel Moi and his family have interests in many industries such as:
Other business interests he pioneered are:
Besides recognized at home for been one of the richest in Kenya, here are 5 Kenyans whose richest got class and as such there names were published by Forbes, an American business magazine as been very wealthy in the world.
Here are there names:
Daniel Moi & Family is the riches family in Kenya worth a whopping $3 Billion.
Daniel Moi made his mark as a vibrant business partner with investments in Paradise Holdings Limited, Kenya Television Network, Transnational Bank Kenya Limited, Loan of Kenya Insurance Company and Insurance Company of East Africa amongst others.
The present President of Kenya, Uhuru Kenyatta net worth for 2020 are as follows:
According to Forbes, his overall net worth is US $500 million.
His net worth is over US $300 million. He is the owner of the biggest mall in the East, and Central Africa, Chairman of Centum Investment Company Limited in which he is the largest individual shareholder.
As at January 2020, Rails Otinga, Orange Democratic Leader, net worth is about Ksh2 billion.