Who are the richest kenyans?
I normally find a lot of people
asking the question “who are the
richest people in kenya?” and
thought why not do some research
concerning the topic and try to
present what is believed to be
kenya’s richest or wealthiest
people. It’s anybody’s guise that the
10 or 20 top richest people in
Kenya are either past and present
politicians who have looted public
money or businessmen who
majority of them were in one way
or another connected to the
government.
Even though it may be a challenge
in uncovering the exact wealth of
the richest people in Kenya due to
their conservative nature of hiding
how they actually became instant
millionaires and billionaires in an
overnight and evolving from rags to
richness here below are estimates
of what some of the richest people
in Kenya could be worth. Note that
all the millionaires and billionaires
in Kenya are not covered in this
article but hopefully I will be able
to provide Kenyan rich list based on
such things as business, politics,
sports, athletics, media e.t.c but for
now let’s see a list of a 20 kenyan
rich list. [read: forbes 2012 top 10
richest africans
Moi and family
Daniel moi (the second president
of the republic of Kenya) together
with his three sons Gideon,
Raymond and Philip are said to be
the richest individuals in Kenya.
Moi has been the president of
Kenya for 2 and half decades as a
dictator and many people believe
his wealth could be as a result of
looting public money. He is said to
be having an interest in;
Ambank limited
Land and property across
Kenya.
lion of Kenya insurance
A dairy farm in the rift valley.
kenol/kobil petroleum
limited.
Transnational bank limited.
Kenya television network.
paradise holdings Limited.
kipngetich tea factory.
Shares in insurance company
of east Africa.
in short moi and family are
believed to be having a wealth in
the region of US$3 Billion.
Kenyatta and family
jomo Kenyatta was the first
president of independence Kenya
after the British left in 1963. He
has been in the helm of Kenya’s
presidency for 15 years. The
Kenyatta family is the second
largest individual land owners in
Kenya. Some of the companies they
own or have some shares include
the heritage group of hotels,
Brookside dairy, prestige airlines,
commercial bank of Africa, village
market, peponi schools, property
and buildings. The kenyatt family is
believed to be worth over US$1
billion.
Nicholas biwott
Nicholas biwott is a former
powerful cabinet who served in
president moi’s and kibaki’s
government’s for 30 good years.
Many term him as the “total man”
as he is thought to be extremely
rich. Some of biwott’s wealth
include yaya shopping centre
(valued at shillings 3billion), kobil
petroleum company, land and
property valued at billions of
shillings, uhuru highway
development company, shares in
many of companies listed in the
Nairobi stock exchange. No one will
ever deny that Nicholas biwott is
extremely rich and that is why his
wealth is estimated to be more
than US$1.5 billion.
Raila odinga
He is the son of former powerful
politician and Kenya’s first vice
president. Odinga himself has been
in politics for quite some time now
having had the opportunity to work
in successive governments. He has
held various ministerial posts
including those of roads and
energy. He was appointed the
prime minister after the disputed
2007 presidential election where
he was a presidential candidate
running ODM ticket. Back to his
wealth now raila is believed to be
among the Kenya’s elite rich list. He
has interests in pan African
petroleum limited (700million
shillings), kisumu ethanol molasses
plant which produces ethanol, co2,
yeast, industrial products and is
valued at 3billion shillings, east
Africa spectre limited (gas cylinder
manufacturing company valued at
500 million Kenyan shillings),
residential and commercial
property in Nairobi, kisumu and
Mombasa.
Musalia mudavadi
Wycliffe musalia mudavadi was
born 1960 to a powerful cabinet
minister in moi’s govt. he is the
current deputy prime minister and
minister of local government in the
republic of Kenya. He become an
mp in 1989 after death of his
father and was immediately
appointed a cabinet minister. Since
then he has been a minister in the
ministries of finance, local
government and transport. He has
also been a vice president of Kenya
for three months. Those who know
mudavadi say he is super rich and
has interests in banks, insurance,
property, residential houses in the
city’s riverside estate. unga house
westlands also belongs to him. he
also owns a property management
company. His mululu home in
kakamega is also worth millions of
shillings.
William ruto.
He may not be in the league of big
boys like moi and Kenyatta family
but no one doubts the richness and
vast wealth of William ruto. He is a
young legislator from eldoret north
constituency who burst up into the
limelight as an unknown thanks to
yk ‘92 (kanu youth lobby group)
together with cyrus jirongo where
they were campaigning for the re-
election of moi and his kanu
government. Since then his star
both politically and economically
has been increasing and is believed
to be among the richest in Kenya as
of today. He owns oseng properties
limited, orterter entreprises
limited, Property along jogoo road
Nairobi, is a shareholder in amaco
insurance. osere flats in rongai also
belongs to him.
Mwai kibaki.
being the third and the current
president of Kenya, no one will
ever dispute the richness of kibaki.
Being in politics and government
for almost half a century kibaki is
thought to be worth billions of
shillings. He owns large pieces of
land in Kenya’s productive land, has
shares in many of the major
companies in Kenya, has
commercial and residential
properties at various parts of the
country.
Jimnah mbaru.
He is a renowned investment
banker, served as the chairman of
Nairobi stock exchange for 10
years. founder and chair of African
stock exchanges association, has
interest in dyer and blair
bank,jitegemee trust, Africa
consulting group limited, Nairobi
equator hospital, occidental
insurance company, AIG global
investment company(us$300),
british American.
Chris kirubi.
He is said to have started as car
salesman but is now considered
among the richest people in Kenya.
He is a business associate of kibaki
and owns international house
limited, capital fm, kiruma
international limited, haco
industries, uap insurance and
centum investment.
Now you know.
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