Besides, his residential and commercial assets are found across several Kenyan regions. Although his wealth is never on a par with that of Kenyatta family or Moi family, William Ruto is said to be stark rich as he owns and controls a number of assets. After the era of Kenyatta and Moi’s administration has faded, Mwai Kibaki became the third president of the Republic of Kenya. The Kenyatta family are the owners of Brookside dairy which has expanded to Rwanda and Uganda, Heritage hotels, Chartis insurance, Peponi schools, Mediamax Group (K24, the people Newspaper, Kameme Fm, Meru Fm, Milele Fm), Enke holdings, Timsales Holdings, a timber processing company. He is is a Kenyan businessman of Indian descent. His area of business lies in the steel and aluminium industry. When it comes to the political history of Kenya, it will not be complete without mentioning Daniel Moi as he served as the second president of the country for good 25 years. You will get an answer to that in our next compilation of the richest women in Kenya. Without further dilly-dallying, here are the 10 richest people in Kenya. Your email address will not be published. Eng. Most of them politicians, wealth not from building industries and inventions but looting the resources to educate millions and build modern institutions. Uhuru Kenyatta is the current president of Kenya. Mwai Kibaki was the third Kenyan President and one of the biggest landowners possessing thousands of acres of land around the country. He is one of the richest people in Kenya with a … It is believed that he took advantage of his time in politics to acquire great wealth, making him one of the wealthiest men in Kenya. Just to mention a few, Manu Chandaria controls top companies inclusive of Mabati Industries and East African Match Company. During his presidential tenure, many allegations were made, one of which is that the massive wealth he had was gotten from looted funds. Currently, he owns several assets with shares in giant companies like East Africa Spectre Limited, Kisumu Molasses Plant, and Pan African Petroleum Industrial Services Limited. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine. According to the New World Wealth magazine, Kenya’s richest man in the Cement business is a Somali! Just like any other countries that have individuals of high personality, so does Kenya and in order to provide you with the richest men in Kenya, hence the birth of this article. Kenya’s President Uhuru Kenyatta. Today he is the Chairman of Bidco Africa, which is a business conglomerate involved in the production of edible oil, detergents, soaps, margarine and baking powder. 4. James Mwangi is among the major individual shareholders of EGHL with a 5.52% stake. Vimal Shah is of Indian origin but was born and raised in Kenya. Mama Ngina Kenyatta belongs to the Kenyatta family and wife of the former president Jomo Kenyatta –Kenya’s second-biggest landowner. After Kenya’s independence from British control, Jomo Kenyatta became its first President. The Abagusii being the seventh most affluent ethnic group in Kenya is not be a surprise. Who is the richest man in Kenya 2020. Based on findings, deceased Michuki was a shilling billionaire with a number of assets including enormous land in Nairobi’s Central Province, Nairobi-based Norfolk Towers, Muthaiga-based Windsor Golf and Country Club Hotel and several other assets. Being a wealthy Kenyan investor and also a co-founder of the African Stock Exchanges Association, Jimmah Mbaru got the number 7. position in our ranking. Manu Chandaria is a reputable Kenyan investor and owner of multi-million dollar companies. On his blog he posts weekly articles on a wide range of subjects that are designed to help guide the yoiunger generation, making them successful in life. He is the current managing director and CEO of Equity Group Holdings Limited (EGHL), making him a business partner of Mr. Peter Munga who has been highlighted above. And,thereafter, they get express admission to Harvard, Yale, Stanford, Oxford,Cambridge or other Ivy League colleges in the US. Here are the top 10 richest men in Kenya with their net worth. Nigeria’s Aliko Dangote is the richest man in Africa, with an estimated net worth of $10.1 billion (Sh1 trillion) built from sugar, cement and flour industries. William Ruto. As an influential Kenyan lineage, the Kenyatta family owns a number of companies and also holds stakes in several other reputable companies. Today, he will never be forgotten in Kenya Politics. Their wealth levels are based on their net worth which is the value of their assets minus their debts and other liabilities. But are the women also doing great in business to be among the richest? Questions like who is actually the richest among these men? Related Posts. Vimal Shah is responsible for the company’s growth into new markets and establishment of new product lines. Both his Residential and commercial assets have been found to go across the whole of Kenyan regions. In the U.S.A, his investments are worth over 80 billion shillings. Mama Ngina Kenyatta. He is the heir apparent to the biggest and wealthiest family in Kenya. His assets include Orterter Enterprises Limited, Oseng Properties Limited, Rongai-based Osere Flats and many more. position of our list is another retired civil worker who has played a major role in the justice arm by serving as the attorney general in the past years. as regards his involvement in the media sector, he owns and controls Royal Media Services –a voluminous media conglomerate that controls vernacular radio stations including Hot96 FM and Citizen Television. Currently, he has many shares distributed across many Kenyan Companies like Africa Consulting Group Limited, Dry and Blair Investment Bank, Jitegemee Trust Limited, Occidental Insurance Company, Nairobi Equator Hospital, and many others. While Forbes estimates that Shah is worth a conservative figure of Ksh 68 billion, New World Wealth put it at a staggering Ksh 144 billion. The figures dropped from $2.9 billion in 2016 due to assets subdivision and financial commitments related to political affairs and power struggles. Top 10 Richest Authors in the World 2020 . These are the top 10 Richest people in kenya 2019. Your email address will not be published. The 95 year old was Kenyas second president from 1978 to 2002 following the death of Mzee Jomo Kenyatta. Kenya is the largest economy in the East African Community, with a Gross Domestic Product (GDP) of $45.31 billion in 2013. However, Jomo Kenyatta and Daniel Moi are just a few of the richest men in Kenya. 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