Top Richest Men in Kenya and Their Net Worth 2020
The main question among most of the people is who is the richest man in Kenya today? Recent studies have shown that Kenya have alittle circle of billionaires who virtually control Kenya wealth. Below names have extensively featured from two fortune magazines, that’s the Forbes, new world wealth-the London based company.
It’s good to note that the main wealth is in control of just a few individuals , a report by financial institution indicated that out of 37 Million Kenyans just one .1 million Kenyans had Ksh 100,000 or slightly more in their bank accounts.
Richest men in Kenya
Below are Top 5 richest men in Kenya:
· Vimal Shah
· Uhuru Kenyatta
· Naushad Merali
· Manu Chandaria
· Chris Kirubi
No. 5: Manu Chandaria
Ksh 28 Billion is that the budget that’s done to pay all the Mps in Kenya and to run Kenya Parliament for one year. This amount pays Mps allowances and other benefits.
Chandaria is a documented industrialist and he’s also the comcraft group chairman. Manu is estimated to be approximately worth quite 28 Billion.
He is also the chair of several boards both Nongovernmental and government organizations in Kenya and beyond. Notably he chairs Kaluworks, Mabati Rolling, USIU University and Uganda Baati, Bank of India, Technical University among many others.
No. 4: Chris Kirubi
Chris as referred to as Dj CK is filthy rich; he owns Capital Media Group and also has substantial shares in Haco tiger brands. Chris also chairs Centum Investment Group.
Chris Kirubi net worth is at Ksh 30 Billion, Imagine this figure can link all Kenya homes with power.
No. 3. Uhuru Kenyatta
The president Uhuru Kenyatta is rich, no doubt that , he’s probably No. 2 or 3. His net worth is quite Ksh 48 Billion from most studies. His investments cut across all key sectors. in Banking, farming,insurance,Transport, Hospitality just mention a couple of .
No. 2: Naushad Merali
Sameer Group was founded by Merali. This company deals in agriculture, Construction, Finance and IT. Forbes magazine estimated Merali to be worth quite Ksh 54 Billion. His wealth can provide all teachers with medical cover.
No. 1: Vimal Shah
Vimal top the list because the richest man in Kenya, he has invested tons on fast commodity and he’s the CEO of Bidco oil refineries.
Forbes estimates him to be quite Ksh 70 Billion, while New world report estimates him to be worth Ksh 144 Billion.
Honorable mentions of other rich men in Kenya include:
Daniel Toroitich arap Moi- Moi family has investments that cut across all main sectors
Peter Munga – Former group chairman of Equity Bank Group, the most important Bank in terms of Customer base ,spread in a minimum of 5 African countries.
Raila Odinga – Former Prime mister, Astute politician and owns several businesses.
James Mwangi – Group Ceo- Eguity Bank
S. K .Macharia – Royal Services Media Boss a business man and media heavy weight , Macharis is that the owner of Several Radio stations and television stations. His media empire controls a minimum of 63% of the market in Kenya.