Top 20 richest people in kenya

Who are the richest people in Kenya?

Kenya, a country known for its thriving economy and entrepreneurial spirit, is home to a number of wealthy individuals who have achieved remarkable success.

The Forbes list, along with other reliable sources, provides insights into the net worth of these individuals, serving as a yardstick for measuring their wealth.

In this article, we will explore the top 20 wealthiest individuals in Kenya, shedding light on their achievements and the sources of their wealth.

Join us as we delve into the lives of these influential figures who have made a significant impact on Kenya’s economic landscape.

Moi and Family

Moi and his family belong to the ranks of the nation’s wealthiest families, possessing an approximate net worth of $3 billion.

They hold numerous companies and have made investments across a wide range of industries in Kenya.

The diversified nature and concealed details of Moi’s wealth make it challenging to trace accurately.

However, it goes without saying that with a fortune of USD 3 billion, he stands as one of Kenya’s and even the world’s wealthiest individuals.

Nicholas Biwott

At the time of his passing, Biwott was the proprietor of the esteemed Yaya Center, a renowned shopping center in Nairobi.

Additionally, he held ownership of Air Kenya along with various other business ventures.

Biwott’s financial affairs were shrouded in utmost secrecy, rendering it challenging to ascertain his exact net worth.

Nevertheless, according to the Nigerian Venture magazine, Nicholas Biwott was estimated to possess a net worth of $1 billion, positioning him as one of the wealthiest individuals not only in Kenya but also across Africa.

Mama Ngina Kenyatta

Both Mama Ngina Kenyatta and the former influential cabinet minister Nicholas Biwott has been featured in the list of Africa’s top billionaires published by the Nigeria-based Ventures financial magazine.

In this exclusive list, there are a total of 55 billionaires in Africa, and two Kenyans have secured their positions: Naushad Merali and Manu Chandaria.

The magazine identifies Kenya as the country with the wealthiest individuals and ranks it as the 25th most prosperous continent, with a collective fortune of $1.65 billion (Sh142 billion).

Mama Ngina Kenyatta, who is the mother of Kenya’s fourth President, Uhuru Kenyatta, holds a net worth of $1 billion (Sh86 billion).

Her wealth stems from investments in the real estate, banking, and hospitality sectors.

Remarkably, she is one of the three women who have attained membership in Africa’s billionaire club.

Bhimji Depar Shah

The individual in question is the founder and incumbent Chairman of the BIDCO Group of Companies, a family-owned manufacturing conglomerate headquartered in Kenya.

The company has a presence in 13 African countries, reflecting its extensive reach. Notably, he holds a prominent position among the wealthiest individuals in Kenya, boasting an estimated net worth of around US$700 million.

Naushad Merali

Naushad Merali was a prominent businessman and industrialist who made significant contributions in various sectors.

He was notably involved in the Kenyan mobile service provider Kencell and held a position in the French media giant Vivendi.

Merali received his education at Highway Secondary School in Nairobi.

Throughout his lifetime, Merali served as the chairman of Sameer Group, a Kenyan conglomerate with diverse interests in agriculture, construction, information technology, property, and finance.

Additionally, he held the position of chairman and was the largest individual shareholder in Bharti Airtel’s operations in Kenya for a period.

However, in 2014, Merali sold his shares and resigned from the company’s board.

His net worth has been estimated at USD 550 million, showcasing his substantial wealth.

Uhuru Kenyatta

Before assuming the presidency of Kenya, Uhuru Kenyatta had the privilege of managing his father’s wealth, which allowed him to amass his own fortunes.

He is widely recognized as one of the wealthiest individuals in Kenya, with an estimated net worth of approximately US$500 million.

Throughout his life, Kenyatta has not experienced significant hardships, benefiting from his family’s wealth and influence.

Former president Uhuru Kenyatta
Former president Uhuru Kenyatta

Chris Kirubi

He was a notable figure who embodied the qualities of a businessman, industrialist, and philanthropist.

As the current chairman of Centum Investment Company Limited, he held the largest individual shareholding in the company.

His net worth was estimated to exceed US$300 million.

Kirubi was also renowned as the prominent owner of Two Rivers Mall, making him a significant player in the mall industry within East Africa.

Manu Chandaria

Manu Chandaria, known as Manilal Premchand Chandaria, was the owner of the Comcraft Group of Companies.

Comcraft specialized in the manufacturing of steel, plastic, and aluminum products.

With operations spanning over 11 African countries, Chandaria also ventured into the real estate business.

His net worth was estimated to be around $270 million.

Manu Chandaria
Manu Chandaria

Atul Shah

Atul Shah, the Managing Director and Chief Executive Officer of Nakumatt Holdings, experienced a challenging upbringing in Nandi Hills, Kenya.

Under his leadership, Nakumatt Holdings grew to become one of the largest privately-owned supermarket chains in Kenya, Uganda, Tanzania, and Rwanda.

With an extensive workforce and annual sales surpassing US$650 million, Shah’s net worth was estimated to exceed USD 290 million, although recent years have seen challenges for Nakumatt.

Peter Kahara Munga

Peter Kahara Munga, the group chairman of Equity Bank Group, held a significant position in one of Africa’s largest banking institutions.

With a customer base of over 9.3 million, Munga was regarded as one of Kenya’s wealthiest individuals, with a net worth surpassing USD 280 million.

Peter Munga
Peter Munga

Raila Odinga Net Worth

Raila Odinga, widely known as the father of modern democracy and referred to as “Baba” in Kenya, was not only a political figure but also one of the richest individuals in the country.

His net worth was estimated to be around USD 250 million. He is one of the richest people in Kenya.

Raila Odinga at Jevanjee Gardens. His terms as AU High Representative for Infrastructure Development in Africa has come to an end.
Raila Odinga at Jevanjee Gardens. His term as AU High Representative for Infrastructure Development in Africa has come to an end.

James Mwangi

James Mwangi, a businessman and banker, served as the Group Managing Director and Group Chief Executive Officer of Equity Group Holdings Limited.

Mwangi, along with his wife, owned Equity Group Holdings Limited and British American Insurance Company Limited (Britam).

Their combined net worth was valued at over USD 170 million.

James Mwangi
James Mwangi

S.K. Macharia

S.K. Macharia, a successful businessman and media mogul, owned various English, Kiswahili, and Vernacular radio and television stations, including Citizen TV, Radio Jambo, and Inooro.

These media holdings positioned The Royal Media Company as one of Kenya’s most prosperous media organizations.

Macharia’s total net worth was estimated to be $150 million.

S.K. Macharia
S.K. Macharia

Baloobhai Patel

Baloobhai Patel, an entrepreneur, and philanthropist, held investments in Transworld Safaris Limited, a tour company, where he served as the managing director.

Additionally, he held positions as a non-executive director in several prominent companies, including Pan Africa Insurance.

Patel maintained significant shareholdings in various entities such as Barclays Bank Kenya, Bamburi Cement, Carbacid Investments, Diamond Trust Bank Group, and Safaricom.

His portfolio of NSE-listed companies had an estimated value of KSh2.4 billion. He is one of the richest people in Kenya.

Titus Naikuni

Titus Naikuni, a mechanical engineer and businessman, achieved significant wealth throughout his career, positioning him among Kenya’s richest individuals.

His net worth was estimated to be USD 140 million.

Titus Naikuni
Titus Naikuni

Joseph Wanjui

Joseph Wanjui, known as Joe Wanjui or Joseph Barrage Warui, was a businessman and political advisor. He is one of the richest people in Kenya.

He served as the Chief Executive Officer of Unilever.

He also held chairmanship roles in UAP Holdings Limited and the Jockey Club of Kenya.

Wanjui’s net worth was valued at USD 125 million.

Bharat Thakrar

Bharat Thakrar, the founder and CEO of Scan Group, East Africa’s largest marketing services company, was estimated to have a net worth of USD 90 million.









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