Connect with us

Top List

Top 20 Richest Men in Kenya

Published

on

  • Save

Introduction

Who are the top richest men in Kenya?

Kenya is located on the coast of East Africa.

It houses most of the prominent millionaires and billionaires in Africa and is majorly known for its Wild Life habitation.

While they may not be so popular, the country has a business-driven economy which has brought development and growth.

Experts predict that the numbers of millionaires in Kenya will increase by at least 20% in 2023.

For now, here are the top 20 richest men in Kenya:

1. The Late Daniel Moi & Family

NET WORTH: $3 Billion

The number one entry on the list of the top richest men in Kenya is The Late Daniel Moi & Family.

Daniel Moi is a retired political tycoon and businessman.

He was the second president of the country and owns more than 15% total landmass in the East African country.

The Kenyan has invested in a lot of business with his family and it is no surprise that they have harnessed an estimated net worth of $3 Billion.

2. Manu Chandaria

NET WORTH: $1.7 Billion

Manu Chandaria is an Indian-Kenya entrepreneur, investor, technocrat and charity giver.

Aside from being the Chairman and CEO of Comcraft Kenya Ltd, a successful metal manufacturing industry, he is a shareholder in United States International University (USIU).

He is a certified O.B.E, C.B.S and E.B.S.

These stands for Order of the British Empire, Chief of the Order of the Burning Spear and Elder of the Order of the Burning Spear.

3. Nicholas Biwott

NET WORTH: $1.1 Billion

Nicholas Biwott was a politician, inventor and entrepreneur.

The Kenyan billionaire was the owner of Yaya Center, a prominent mall.

He was one of the shareholders in Kenol-Kobil, popular petrol with branches across Africa.

Nicholas Biwott acquired an estimated net worth of approximately $1.1 Billion.

4. Mama Ngina Kenyatta

NET WORTH: $1 Billion

With an estimated net worth of $1 Billion, Mama Ngina Kenyatta is one of the top richest men in Kenya.

The popular business mogul is the former First Lady of the country. Her husband was the first president of Kenya.

The Kenyan has stakes in the Kenyatta family, a household notorious for having huge lands across the east African nation.

5. Bhimji Depar Shah

NET WORTH: $900 M

Bhimji Depar Shah is among the “top five” richest men in Kenya.

The notorious Kenyan business mogul and investor is the owner of Bidco Africa.

This is a successful consumer goods-producing industry with branches in Uganda and Tanzania, aside from Kenya, which Is deemed as the headquarter.

6. Naushad Merali

NET WORTH: $600 Million

Naushad Merali is one of the top richest men in Kenya.

He serves as the Executive Chairman of the Sameer Group.

This a successful business empire that deals in production and span across other sectors like agriculture, transport and others.

He also has a share in the Commercial Bank of Africa and Airtel, a popular telecommunication net worth.

7. Uhuru Kenyatta

NET WORTH: $500 Million

Uhuru Kenyatta is a politician, inventor and entrepreneur.

He is the 4th installed president of Kenya and has a share in the family business of the Kenyatta.

The Kenyan millionaire has stakes and shares in several industries across major business brand both in the country and across Africa.

Uhuru Kenyatta has an estimated net worth of approximately $500 Million.

8. Chris Kirubi

NET WORTH: $420 Million

Chris Kirubi is an entrepreneur, investor and charity giver.

The Kenyan millionaire has a 28.94% stake in Centum Investments, more than any other shareholder in the establishment.

The company is a multi-purpose business brand that deals on investment that cuts across finance, banking, consumer goods and so on.

He has an estimated net worth of about $420 Million.

9. Peter Kahara Munga

NET WORTH: $280 Million

Peter Munga is one of the top richest men in Kenya.

He is the owner of Equity Group Holdings Limited (EGHL), a prominent financial services provider.

EGHL controls Equity Bank, large commercial banking institutions in the country.

Peter Munga has an estimated net worth of around $280 Million.

10. Raila Odinga

NET WORTH: $250 Million

Raila Odinga is an investor, businessperson and politician.

He is the owner of East Africa Spectre, spectre International Limited and has shares in Pan African Petroleum Company.

His steady involvement in the oil and gas sector of Kenya’s economy has earned him an estimated net worth of approximately $250 Million.

11. James Mwangi

NET WORTH: $170 Million

James Mwangi is a professional banker, businessperson and investor.

The Kenyan millionaire is the CEO of Equity Group Holdings Limited, abbreviated as EGHL.

He owns a 5.52% stake in EGHL and has an estimated net worth of approximately $170 Million, making him one of the richest men in Kenya.

12. S.K Macharia

NET WORTH: $165 Million

S.K Macharia is a popular media personality, businessman, investor and entrepreneur.

He owns Royal Media Services (RMS), the biggest private-owned radio and TV cooperation in the country.

It is believed that more than 50% per cent of Kenya’s population listen to the network.

S.K Macharia has an estimated net worth of around $165 Million.

13. Baloobhai Patel

NET WORTH: $150 Million

Baloobhai Patel is among the top richest men in Kenya.

The rich business tycoon, businessman, investor and humanitarian is the founder of
Transworld Safaris Limited.

businessman, and philanthropist. Patel is the owner, managing director and CEO of Transworld Safaris Limited.

This is one of the best safari firms in Africa and more so, the Kenyan has stakes in other sectors of production.

14. Titus Naikuni

NET WORTH: $100 Million

Titus Naikuni is a professional engineer, investor and businessperson.

The former M.D of Kenya Airways is the presiding chairman of the committee of Rift Valley Railways Consortium.

He has joined several key companies as a board member in Kenya and has an estimated net worth of around $100 Million.

15. Mwai Kibaki & Family

NET WORTH: $60 Million

Mwai Kibaki & Family are some of the richest men in Kenya.

Mwai Kibaki is the third installed president in the country.

As common with Presidents in the East African country, he is in command of a huge area of land in Kenya.

He is the founder of Farmer’s Choice and Deacons K Ltd and is a shareholder in several companies, holdings, and industries.

16. William Ruto

NET WORTH: $50 Million

With an estimated net worth of around $50 Million, William Ruto is one of the top richest men in Kenya.

The politician is a prominent businessman who is into real estate and company investment.

He has an estimated net worth of approximately $50 Million.

17. Jimnah Mbaru

NET WORTH: $48 Million

Jimnah Mbaru is a banking and finance expert.

The rich Kenyan is the founder of Dyer and Blair Investment Bank and is also a shareholder in other financial networks.

He has an estimated net worth of about $48 Million.

18. Adil Popat

NET WORTH: $40 Million

Adil Popat is a Kenyan business mogul, investor and entrepreneur.

He is the Executive Chairman of Simba Corporation, a diversified business venture with an interest in finances and automobile.

He also invests in hotels and has a net worth of $40 Million.

19. Pius Ngugi

NET WORTH: $35 Million

Pius Ngugi is one of the top richest men in Kenya.

The food processing expert is the founder of the Kenya Nut Company.

Also, the successful hustler owns other food industries and is a shareholder in the field.

20. Kiprop Bundotich(Buzeki)

NET WORTH: $30 Million

Rounding off the list of the top richest men in Kenya is Kiprop Bundotich(Buzek).

He is a Kenyan business tycoon, investor and entrepreneur.

Kiprop is the founder of both the Buzeki Dairy Limited and Buzeki Group of Companies, selling the latter for KSh1.5 billion.

Conclusion

That was all on the list of the top richest men in Kenya.

Which of these individuals are you surprised to see?

Let’s hear from you.

Princewill Ubaha is an electrical engineer by profession, a content writer by perspiration, and an Akwa Ibomite by birth. He always believed that the habit of persistence is the habit of victory.

Advertisement
Click to comment
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
Share via
Copy link
Powered by Social Snap