Who are the richest people in Kenya? well, let’s find out together. Kenya is one of the countries in the world where the disparity between the rich and the poor is wide. According to Forbes magazine, a rich person is someone with a lot of money or one who possesses many valuable assets.
In Kenya, there is a dynasty of rich people who have always appeared in the top list of richest people/families in Kenya.
Let us look at 20 of the wealthiest people in Kenya. This list is in no particular order so it should not be used as proof.
Richest people in Kenya
Here is a list of the richest people in Kenya in no particular order. Take a look at the influential Kenyans who barely know what ‘situation kwa ground’ is.
- Chris Kirubi
- Bhimji Depar Shah
- Naushad Merali
- Manu Chandaria
- Atul Shah
- Uhuru Kenyatta
- Moi & Family
- Dr Titus Naikuni
- Bharat Thakrar
- Mama Ngina Kenyatta
- Baloobhai Patel
- James Mwangi
- Peter Kahara Munga
- K Macharia
- The late Nicholas Biwott
- Raila Odinga
- Jane Wanjiru Michuki
- Joseph Wanjui
- Duncan Ndegwa
- Pradeep Paunrana
This list of richest people in Kenya has some names of individuals who have appeared on Forbes magazine and in the list of richest people in Africa.
Must read | Best investment opportunities in Kenya
Kenya is one of the biggest economies in East and Central Africa. However, the gap between the rich and the poor increases daily especially at a time when the Kenyan economy is going through tough times.
How is one declared rich?
The net worth of a person is one of the parameters used to determine how economically viable the individual is.
Net worth value is the financial and non-financial assets an individual owns. When all these aspects are considered, one is given a net economic position.
Some of the assets used to determine the net worth of an individual include their net retirement accounts, vehicles, investments, homes, businesses, etc.
Liabilities like secured and unsecured debts are also considered when determining an individual’s worth.
Some of the intangible assets like academic qualifications are not considered although they positively contribute to the overall financial ability of the individual.
List of richest people in Kenya
This list is not 100% accurate although we will try as much to arrange the individuals from the richest downwards.
Moi and Family | richest people in Kenya
Moi was the second President of Kenya who ruled for over 23 years. During his tenure, Moi used his position to immerse wealth for himself and his family.
Today, the Moi family is one of the most affluent families in Kenya with a net worth of $3billion. The family has hundreds of companies and businesses in almost all niches.
As a matter of fact, it is hard to track their actual net worth due to the secrecy and diversity of their businesses. Nonetheless, with an estimated $3 billion in assets, Moi is the richest individual in Kenya.
Nicholas Biwott like Moi is one individual whose wealth was enshrouded by secrecy. He was so rich that people used him as an example when talking about rich people.
See also | DSTV Kenya packages, channels, and prices
By the time of his death, Nicholas Biwott was the owner of the Yaya center which is a prestigious shopping center in Westlands.
He also owned other ventures such as Air Kenya among others. Although Biwott’s net worth is hard to establish due to the secrecy that surrounded him, the Nigerian venture Magazine estimated Biwott to be worth $1 billion. This easily makes him one of the richest people in Kenya and beyond.
Mama Ngina Kenyatta | richest people in Kenya
Many people have described here as a humble woman who hates attention. People have met with her in the airport and public places and not even recognize her due to her simplicity.
Mama Ngina is one of the richest people in Africa according to the Nigerian Venture magazine.
The wife of the first Kenyan President and mother to the Kenyan forth president has an estimated net worth of $1 billion spread in banking real estate, hospitality, and farming. She is also one of the 3 women who made it to Africa’s billionaire club.
Bhimji Depar Shah
BIDCO group of companies is a well-known brand in the manufacturing sector. The family-owned manufacturing conglomerate has businesses in more than 13 African countries.
The founder and current chairman of the company, Mr. Bhimji Depar Shah is one of the richest people in Kenya. He has an estimated net worth of US$700 million.
Naushad Merali | richest people in Kenya
Naushad Merali is the chairman of Sameer Group which is a Kenyan conglomerate active in construction, agriculture, IT, finance and property management.
He is a renowned industrialist who founded Vivendi which is a French media giant and Kencell which was a mobile service provider.
By 2014, he was the largest shareholder of Airtel Kenya but he would later sell his shared and stepped down from the company’s board. He has an estimated net worth of $ 550 million.
Ever heard of being born with a silver spoon in the mouth? Uhuru Kenyatta who is the fourth president of Kenya is one of the most privileged individuals in Kenya.
Born in a presidential and rich family, It is clear that Uhuru has never seen hardships that ordinary Kenyans face.
Before he became president, Uhuru was actively involved in managing the family wealth. It is here that he acquired his own wealth too, making him one of the richest people in Kenya with a net worth of $500 million.
Chris Kirubi is a businessman with many attributes to his personality and business life. He is a renowned philanthropist and industrialist who owns some of the biggest enterprises in the country.
Kirubi is the chairman of Centum Investment company limited, owner of the prestigious Two rivers mall, he owns the international house in Nairobi, DHL franchise in Kenya, Haco industries and others to name a few.
With an estimated net worth of $400 million, Kirubi is definitely one of the richest people in Kenya.
Manu Chandaria has to be the most philanthropic billionaire in Kenya. Manilal Premchand Chandaria, his full name, is the owner and director of the Comcraft Group of companies. The company specializes in the manufacturing of steel, aluminum and plastic products.
The company has its roots spread out to more than 11 countries in Africa. Manilal Premchand Chandaria has an estimated net worth of $ 270 million.
This is one of the self-made billionaires who grew up in some of the harshest conditions in Kenya.
Born and raised in Nandi hills, Atus Shah went against all odd to establish one of the most popular supermarket brands in Kenya ‘Nakumatt Holdings’.
Although the supermarket has been going through harsh times, in its prime the company has employed over 7000 people and made sales of $650 million annually.
Atul shah has an estimated net worth of $290 million but as of now, his earnings may have parachuted due to the challenges facing Nakumatt.
Peter Kahara Munga
Peter Munga is one individual who is hard to miss in the list of richest people in Kenya. The chairman and founder of Equity bank has an estimated net worth of $280 million.
Equity bank is one of the largest banks in Kenya. The bank has also extended its operations in other African countries including, Rwanda, Uganda, and South Sudan. Currently, the bank has a customer base of over 9 million people.
Raila Odinga is popular for his politics and his contributions to modern democracy. Although he is one of the richest people in Kenya, not much is talked about that. He has an estimated net worth of $250 million.
The popular banker and businessman is the current group managing director and CEO of the Equity group holding limited.
Mwangi and his wife also own a significant share of the British Insurance Company limited (Britam) and Equity Holdings Ltd.
That said, the family has an estimated net worth of $170 million making its way to the list of richest people in Kenya.
S.K. Macharia is a media mogul who owns several stations under the umbrella of Royal media services.
Royal media services operate several vernacular, English and Swahili TV and radio stations. They include Citizen TV INooro TV, Kiss, Radio Jambo, Ramogi, Muuga, Chamgei, Inooro, Bahari and Wimwaro FM.
S.K. Macharia also owns other ventures in the banking, real estate, transport, and agriculture sectors. He has an estimated net worth of $150 million.