Top Ten Richest in Kenya 2019
Richest People in Kenya. This is a comprehensive list of the top ten richest in Kenya. This top ten richest people in Kenya control the wealth of more than half of the country.
1.Bhimji Depar Shah
Net Worth is estimated to $700 million
Bhimji Depar Shah is a successful Kenyan businessman, industrialist, and an entrepreneur. He is known as the founder and current chairman of BIDCO Group of companies, a Kenyan based, family-owned manufacturing conglomerate with business in 13 African countries. He among one of the wealthiest people in Kenya
2. Naushad Merali
Net worth is estimated to $550 million
Naushad N. Merali is the founder of the Kenyan mobile service provider Kencell along with Frech media giant Vivendi.
Merali also holds positions at the Kenya Export Promotion Council, the International Who’s Who of Professionals, and the National Investment Council of Kenya.
He is the Kenyan version of US investment guru Warren Buffet with a knack for striking business deals while they are hot. Merali’s investments at the NSE are spread across agricultural, automobile and manufacturing sectors. His controlling interests are in Sasini Tea and Coffee, tyre manufacturer Sameer Africa and battery manufacturer Eveready East Africa. Through the three companies, Merali’s fortune grew by Sh431.7million. In Sasini, his investments which are held through Legend Investment, Yana Towers and East Africa Batteries grew by Sh246million from Sh1.477billion to Sh1.723billion while in Sameer Africa his wealth grew Sh119.4million to Sh844.4million from Sh724.9million. In Eveready East Africa where his shares are held under East Africa batteries, his investments grew by Sh66million.
Net worth is estimated to $500 million
Jomo Kenyatta was the first president of independent Kenya after the British left in 1963 and remained in office until 1978. Uhuru Kenyatta managed also manages his wealth as an inheritance despite his numerous investments. The Kenyatta family is the second largest landowner in Kenya. Some of the companies they own or have shares include:
- The Heritage Hotel Group
- Brookside Dairy Limited
- Prestige Air
- Commercial Bank of Africa
- Peponi Schools
- Various property and buildings
Net worth is estimated to $300 million
The industrialist and media owner’s investment in the NSE is through the Centum group. He was also the third largest shareholder in the Kenya Power company but has since sold his shares to Mama Ngina Kenyatta. In Centum, Kirubi’s investment grew by Sh1.41 billion while his worth in Kenya Power grew by Sh39 million to Sh269.9 million from Sh230.9 million.
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5. Atul Shah
Net worth is approximated to $ 290 million
Atul Shah is a businessman and an entrepreneur in Kenya. He is the managing director and chief executive officer of the Nakumatt holdings limited the parent company of Nakumatt supermarkets, tyhe largest, privately owned supermarket chain in the African Great Lakes area with branches in Kenya Uganda Tanzania and Rwanda.As of September 2014, the retail chain maintained 50 stores in four countries employed over 7000 people and annual sales in excess of US $ 650 million/
6.Peter Kahara Munga
Networth is estimated to $280 million
Peter Kahara Munga is a businessman and entrepreneur in Kenya, the largest economy in the East African Community. He is the immediate past group chairman of the Equity Bank Group the largest bank holding company on the African continent, by customer numbers, with over 9.2 million customers as of 31 June 2014. He is reported to be one of the wealthiest individuals in Kenya, with a personal net worth exceeding US$100 million as of February 2014
The Equity Bank founder chairs the bank’s board where he is listed among the top 10 largest stock owners with a 0.61 percent shareholding. In Equity, his wealth grew by Sh319.4million from Sh465million to Sh784 million while he increased his worth in Britam by Sh187.5million from Sh438.7million to Sh626million.
7.Dr. Manilal Premehand Chandaria
Networth is estimated to $ 270 million
Manilal Premchand Chandaria OBE CBS EBS is a Kenyan businessman of Indian descent born in Nairobi on 1 March 1929. Along with being a senior member of the Comcraft Group of Companies, a billion dollar enterprise that has a presence in over 40 countries, he is on the boards of several prominent East African companies. He has won several awards in East Africa and internationally in recognition of his entrepreneurial endeavors and is also a noted philanthropist. In 2003, Chandaria was awarded the Order of the British Empire (OBE) by Queen Elizabeth II. In December of the same year, he was awarded the Elder of the Burning Spear by former president Mwai Kibaki, one of the highest civilian honours in Kenya. He has been hailed as “one of Kenya’s leading industrialists”.
8. Raila Odinga
Networth is approximated to $ 250 million
Raila Amolo Odinga is popular Kenyan politician who once served as the Prime Minister of Kenya from 2008 to 2013 and has served Leader of the opposition since 2013.
9. Dr. James Mwangi
Net worth is approximated to $170, million
James Njuguna Mwangi is an accountant, banker, businessman, and entrepreneur in Kenya, the largest economy in the East African Community. He is the current Group Managing Director and Group Chief Executive Officer of the Equity Group Holdings Limited, the banking conglomerate with the largest customer base on the African continent, in excess of 8 million as of 2014. James Mwangi is also the current chairman of Kenya Vision 2030 since 2009
With a 3.45 percent shareholding, Dr. Mwangi is the biggest individual investor in Equity Bank. In the period under consideration, his wealth in the bank grew by Sh1.81 billion from Sh2.64billion to Sh4.46billion. The Equity Bank boss is also one of the biggest shareholders in the life insurance firm, Britam, where his wealth grew by Sh187.5 million from Sh438.7million to 626.2million.
10. S.K Macharia
Networth is estimated to $150 million
S.K. Macharia is a businessman, the founder and Chairman of Royal Media Services. The media company owns and operates Citizen TV and Radio Citizen. When he recently said that Raila Odinga won the 2007 disputed elections, he rattled some people. But controversy and going against the grain seem to be his second nature. Here are 10 things you need to know about S.K Macharia…
He has greatly diversified his investments. He may be a media mogul, but he is said to be involved in agriculture, transport, real estate, and banking, among other investments. S.K Macharia is one of the wealthiest Kenyans. He was in 2012 named by Forbes magazine as one of Africa’s 10 millionaires to watch
Top Ten Richest in Kenya 2019