Full list of top 20 richest Kenyans and their net worth
It is no longer shocking that Kenya is the largest economy in the East African Community, with a Gross Domestic Product (GDP) of $45.31 billion in 2013.
Bamcos.co.ke brings you the list of the top 20 richest people in Kenya. This list will only have Kenyan Billionaires and their net worth.
Well, according to the Cambridge Dictionary, a rich person is someone who has a lot of money or valuable possessions.
20. Kiprop Bundotich (Buzeki)
Zedekiah Kirop Bundotich, aged 42, also known as Buzeki has a net worth of $30 Million(Ksh3 billion). His income is largely from dairy, transport.
Founder and Group Executive Director of Buzeki Group of Companies his Buzeki Dairy Limited in 2008 made the Tuzo and Molo milk brands largely enjoyed by Kenyans.
As a strategic businessman, in 2013, Bundotich sold his Buzeki Dairy business to Brookside Diaries owned by the Kenyatta family for KSh1.5 billion.
Buzeki Group is a well-established company in the transport and logistics industry in Kenya worth billions of shillings.
Presently, Buzeki group has the following list of companies:
- Buzeki Enterprises Limited – Transport solutions provider.
- Bunoil Limited – Fuel and Oil dealership.
- Transtruckers Logistics Group Limited – Involved in Cement distribution.
- Buzeki Insurance Limited – In-House Insurance Agency.
- Buzeki Fleet Management Limited – Fleet Tracking service provider.
- Koima Motors Limited – Sale of Heavy commercial vehicles & Spare parts.
19. Pius Ngugi
Pius Ngugi, aged 75, a business tycoon, worth $35 million (Ksh3.5 billion), engaged in Food Processing, and owns the Kenya Nut Company which he founded in 1974.
Research has it that the company is presently the main exporter of macadamia nuts from Kenya and has over 2,500 employees.
In 2016, he made $60 million in revenue from exporting macadamia nuts from Kenya.
Other companies he owns include Thika Coffee Mills, a shareholder in the Tatu City development project, and Kenya Alliance Insurance. Other interests include dairy farming, Amazon Motors, manufacture of sweets, and winery.
18. Adil Popat
Adil Popat, aged 69, is one of the most successful car dealers in Kenya, worth $40 million (Ksh4 billion).
Also into hotels, he is the Group Executive Chairman of Simba Corporation which has interests in motor sales and service, hospitality, investment, and financial services.
The company founded in 1948 has grown into a billion shilling investment as he is the sole authorized dealer of Fuso, Mahindra, Renault, and Mitsubishi car brands. The Group also owns the famous Villa Rosa Kempinski (Nairobi) and Olare Mara Kempinski (Masai Mara) hotels.
17. Jimnah Mbaru
This is another popular name a ringing bell in Kenya. Jimnah Mbaru, aged 65, is a successful businessman into investment banking, worth $48 million (Ksh4.8 billion).
He is the owner and Chairman of Dyer and Blair Investment Bank, which he acquired from KCB in 1983, the bank according to statistics is the leading investment firm in Kenya with branches in Uganda and Rwanda.
It has over $300 million (Ksh30 billion) in assets under management. Other interests arear where he has stakes are Equity Bank and Transcentury Group among others.
16. Dr. William Ruto
Aged 53, his worth is $50 million (Ksh5 billion), as his wealth is derived majorly from politics and business. Recognised as one of the self-made multi-millionaires in Kenya, here are the list of the companies and property he owns.
- Sentrim 680 Hotel located in the Nairobi CBD which is worth an estimated Ksh3 billion.
- Weston Hotel worth an estimated 2 billion60% stake in MediaMax (previously owned by Kenyatta family).
- Amaco Insurance
- Osere flats in Ongata Rongai
- Oerter Enterprises Ltd
- Sh1 billion residential home in Uasin Gishu
- Sh1 billion chopper
- William Ruto is one of the richest people in Kenya.
15. Mwai Kibaki
Mwai Kibaki & Family, aged 88, worth $60 Million (Ksh6 billion), is a self-made man in Politics and properties. Mwai Kibaki was the third Kenyan President and one of the biggest landowners possessing thousands of acres of land around the country.
Precisely, about 10,000 acres of land in each of the following places; Bahati, Nanyuki, Laikipia, and Rumuruti.
Other areas of interest where he has shares are: UAP insurance, Jacaranda Hotel, CFC Bank, CMC Holdings Group of companies, Unga Group Ltd, Toyota Kenya, Express Kenya Ltd, Royal insurance, Windsor Golf, and Country Club among others.
14. Titus Naikuni
Titus Naikuni who’s source of wealth is traced to the Corporate Sector with net-Worth of $100 million (Ksh10 billion) aged 66, is a Kenyan mechanical engineer, entrepreneur, and business executive.
He’s the chairman of the board of Rift Valley Railways Consortium and Airtel Kenya. Former Managing Director and CEO of Kenya Airways, Kenya Power and Lighting Company, Brunner Mond (South Africa), Tata Chemicals Magadi, and Prudential Life Assurance Kenya.
13. Baloobhai Patel
Baloobhai Patel a well-known philanthropist, aged 81, worth $150 million (Ksh15 billion) in Kenya, a businessman and an entrepreneur, a non-executive director at Pan Africa Insurance, the largest non-institutional shareholder with significant shareholding in Barclays Bank Kenya, Bamburi Cement, Carbacid Investments, Diamond Trust Bank Group, and Safaricom. In July 2013, his holding in NSE-listed companies valued at Ksh2.4 billion.
12. S.K. Macharia
Samuel Kamau, aka S. K Macharia, aged 77, has a net worth of $150 million (Ksh15 billion) and founder of Royal Media Services in Kenya. His largest private television and radio network in Kenya and East Africa. Some of its famous brands include Citizen TV, Inooro TV, Radio Citizen, Hot 96 among others.
11. James Mwangi
Considered as one of the richest people in Kenya, he has a net worth of $170 million (Ksh17 billion), aged 56.
His source of his wealth is mainly Equity Bank. Currently, he is the Managing Director and CEO of Equity Group Holdings Limited (EGHL). James is among the major individual shareholders of EGHL with a 5.52% stake. He also owns shares at British American Insurance Company Limited (Britam).
10. Raila Odinga
Raila Odinga, aged 76, worth $250 million (Ksh15 billion). He gets his money from Politics, manufacturing, industrial gas storage amongst several others.
Raila Odinga also owns 2 private choppers and residential homes in Karen, Runda, Kisumu, and Mombasa.
9. Peter Munga
Founder and Chairman of Equity Group Holdings Limited (EGHL), a financial services holding firm based in Nairobi and is an owner of Equity Bank, one of the largest commercial banks in Kenya. The Group also has operations in Uganda, Rwanda, South Sudan, Tanzania, and DRC.
The company has a total of over 13 million customers and generates annual revenues in excess of Ksh19.5 billion. EGHL also controls assets worth an estimated KSh530 billion.
8. Chris Kirubi
Chris Kirubi, with a net worth of $400 million (Ksh40 billion) into real estate, aged 78, is a successful business magnate and industrialist. He is a Director and the largest individual shareholder (with a 28.94% stake) at Centum Investments amongst others.
7. Uhuru Kenyatta
The son of Jomo Kenyatta and the 4th and current President of Kenya, is a successful businessman and one of the richest persons in Kenya, he worth US$500 million (Ksh50 billion).
Here are his assets:
- 24.92% stake in Commercial Bank of Africa (CBA).
- 13.2% stake in NIC bank
- Brookside Dairy which has expanded to Rwanda and Uganda
- Chartis insurance
- Heritage hotels
- Enke Holdings
- Peponi Schools
- Mediamax Group (K24, the people Newspaper, Kameme Fm, Meru Fm, Milele FM)
- Timsales Holdings, a timber processing company.
6. Naushad Merali
The Executive Chairman of the Sameer Group, a business conglomerate based in Nairobi, is worth $600 million (Ksh60 billion). Aged 68, his business empire comprises 15 companies and has operations in Kenya and the rest of Africa.
Here are some of the businesses:
- Sasini Tea and Coffee
- Sameer Africa Limited (manufacture of tires)
- Kenya Data Networks Limited (Information Technology firm)
- Savannah Coffee Lounge
- Equatorial Commercial Bank.
5. Bhimji Depar Shah
He has a net worth of $900 million (Ksh90 billion). Aged 88, his company, Bidco Africa, produces edible oils, fats, soaps and detergents, animal feeds, margarine, food, and beverages. It is based in Thika and also has operations in Central and Southern Africa. The company has manufacturing factories in Kenya, Uganda, and Tanzania.
4. Mama Ngina Kenyatta
The only woman amongst the richest Kenyans has a net worth of $1 billion (Ksh100 billion). Mama Ngina is the widow to Jomo Kenyatta, the first president of Kenya. She’s also the mother to Uhuru Kenyatta.
The family’s giant dairy company, Brookside, has acquired several rival dairy firms including Buzeki Dairy in 2013 for Ksh1.1 billion. Other acquisitions include Ilara, Delamere, SpinKnit, Molo Milk, and Kilifi dairy brands.
3. Nicholas Biwott
With a net worth of $1.1 billion (Ksh110 billion), Biwott, now deceased, was the owner of Yaya Center (a shopping mall in Nairobi), operates petrol stations across Eastern, Central, and Southern Africa.
Other investments are:
- AirKenya Express – an airline based in Nairobi
- Kipsinende Farm
- HZ Construction and Engineering
- Lima Kenya
- Rono Ltd among others.
2. Manu Chandaria
Aged 90, with a net worth of $1.7 billion (Ksh170 billion), Manu Chandaria is a Kenyan businessman, industrialist, and philanthropist of Indian descent.
His company, Comcraft Kenya Ltd, which manufactures aluminum and steel products as well as plastics, operates in Tanzania, Ethiopia, and Uganda. Comcraft generates annual revenues of more than Ksh200 billion.
1. Daniel Moi & Family
The richest person in Kenya, worth $3 billion (Ksh300 billion) is Daniel Toroitich Moi & Family. Daniel Moi (who died 4th Feb 2020), is a former politician who served as the second President of Kenya, an entrepreneur, investor, and businessman.
Daniel Moi and his family have interests in many industries such as:
- maritime and freight
- airline and transport
- hotel & tourism
- The oil industry
- real estate
Other business interests he pioneered are:
- Kabarak University
- Giant Holdings
- Homestead Enterprises
- Eagles Airlines
- American Bank
- Safariland Club
- Mugoya Construction
- Equatorial Bank among others.
- Transnational Bank (recently sold to Access Bank of Nigeria)