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Raila Odinga net worth Forbes: 5 expensive things owned by ODM leader – East African Spectre

Retired Prime Minister Raila Odinga wealth value

Retired Prime Minister Raila Amolo Odinga is a man of many nicknames, investments, and income sources. Apart from Baba, devout supporters call him Tinga and even better Agwambo. Exceeding fame and influence are lately stirring interest in Raila Odinga net worth.

The fifth time presidential aspirant has continually protected inherent wealth and even tripled it. Raila is now richer, more famous, and with an unbroken spirit in the State House bid. Kenya’s Baba ‘father’ is surely a living example of life lessons such as patience and persistence.

5 expensive things in Raila Odinga net worth

Photo: East African Spectre owner Raila Odinga net worth Forbes . SRC: Twitter.com
Photo: East African Spectre owner Raila Odinga net worth Forbes . SRC: Twitter.com

ODM leader Raila Odinga is one of the richest Kenyan politicians who rarely display their massive wealth.

A chase for wealth and fame that started in 1970 is now at its advanced stages.

1. East African Spectre, petroleum dealer

A fresh graduate Raila with a Master’s Degree in Mechanical Engineering left Germany for Kenya in 1970.

A year later, he incorporated the Standard Processing Equipment Construction and Erection Limited.

The company rose to become a multi-million dealer in liquid petroleum gas cylinders. Before long, Raila renamed it East African Spectre.

2. Kisumu Molasses Factory

The continually loss-making Kenya Chemical & Food Corporation Ltd of 1977 was placed on auction in 1996.

The auction favoured Raila’s Spectre International Ltd in 2001 at a staggering Ksh. 120 million.

The high-value acquisition saw KCFC rebranding to Kisumu Molasses Factory.

Unconfirmed sources indicate that the factory was sold to an Asian investor, Jaswat Rai, in 2019.

For the record, KCFC is to date the most costly government industrial failure in Kenya since independence.

3. Pan African Petroleum Ltd.

Raila family-owned Pan African Petroleum Industrial Services Limited from 2005 is a multi-million oil and gas depot.

PAPIS is a key player in the provision of petroleum energy solutions to millions of Kenyans.

4. Raila Odinga net worth on more than 2,000 acres of land

The powerful Jaramogi Oginga Odinga earned much respect from his tribesmen through beneficial initiatives.

Among these are the Luo Thrift and Trading Corporation of 1947. The pre-colonial group sought to strengthen Luo unity in the larger East Africa.

The resulting glory earned Jaramogi Oginga Odinga large pieces of land including 932 acres and 401 acres within Nyanza province.

The Jaramogi family is also a fair share landowner in most parts of the country among them a 5-acre real estate property in Embakasi. It all adds to more than 2,000 acres.

5. Palatial homes and first-class choppers

Raila owns stately homes in Siaya, Karen, Runda, and Mombasa. All these cribs are costly with the one at his ancestral home estimated at Ksh. 1 billion.

A fleet of choppers adds to the long list of Raila’s possessions. Some wiki sources estimate his favourite airbus helicopter at Ksh. 204 million.

Overall, Raila Odinga net worth is over 25 billion as of 2022.

Money is power and Raila has accumulated plentiful in silence. Luckily, there are hundreds of well-wishers cushioning Raila Odinga net worth from the campaign trail.