Kenya is a vibrant economy with several tycoons behind successful ventures in various parts of the world. Others are inherently rich in loyal families with decades of accumulated. Enlisted below are the richest people in Kenya and their latest net worth values.
The most affluent Kenyans are coincidentally the most powerful in business and national politics.
List of 25 richest people in Kenya
Let us rank at the richest families before proceeding to the richest individuals in the country.
How these families and personalities made their money is a source of inspiration to several upcoming investors.
1. President Moi Family
The now-deceased former President Moi’s family has a net worth of $3 Billion.
Much of Moi’s wealth accumulated in his 24-year tenure as Head of State is spread over land and properties.
Additional investments include stakes at the Inter-Continental Hotel, Kabarak University, Kabarak High School, KTN, Equatorial Bank, First American Bank, Regent Management, and Fresh Produce Ltd.
2. Jomo Kenyatta Family
The family of Kenya’s founding father, Jomo Kenyatta, has a net worth of $2.5 billion.
Much of this wealth is invested in banking, real estate, telecommunication, energy, tourism, and transport.
Noteworthy investments include NCBA, Brookside, Beta Healthcare, Peponi School, and acres of land in various parts of the country.
3. Manu Chandaria Family
The family of Comcraft Group founder Manu Chandaria brags deep pockets with a net worth of $1.7 billion.
Comcraft Group is outstanding for initiating industrial engineering, steel, and aluminum production in at least 40 countries.
Besides, Chandaria family endeavors in philanthropy, and sponsorship of clinics and schools in various parts of the country.
4. Philip Ndegwa Family
The former economist and CBK governor Philip Ndegwa was the first citizen to bank a billion Kenyan shillings. His family is now valued at $1.2 Billion.
The late Ndegwa owned majority shares at NIC Group, which eventually merged with Uhuru Kenyatta’s CBA to form NCBA.
The family has additional stakes in Riverside Park, ICEA Lion, and AmBank.
5. Nicholas Biwott Family
Nicholas Biwott left behind an empire worth $1.1 Billion.
The family owns Yaya Center and huge stakes in Air Kenya.
Coming up are individual billionaires
6. Sameer Naushad Merali
Sameer with a net worth of $790 million inherited much of his wealth from his industrious father Naushad Merali.
He is now the richest man in Kenya and a major shareholder at Sameer Group.
7. Bhimji Depar Shah
Bhimji Depar Shah with an estimated net worth of $750 Million is the founder at Bidco Group.
He owns major brands such as Golden Fry, Elianto Oil, Cowboy, Msafi, Sun Top, and Instant Noodles.
Bhimji is the father to Bidco Group CEO Vimal Shah
8. Jaswinder Singh Bedi
Jaswinder Singh Bedi with a net worth of $680 million is the founding owner of Bedi, a profitable textile manufacturing firm.
Bedi is also a serial investor in the real estate industry.
9. Uhuru Muigai Kenyatta
Kenya’s fourth president Uhuru Kenyatta has a net worth of $530 million, with more stake in the Kenyatta Family.
Uhuru is mainly interested in the banking, transport, media, dairy farming, land, and hospitality industries.
10. Mahendra Rambgai Patel
Ramco Group owner Mahendra Rambgai Patel has a net worth of $430 million.
The wealth is invested in manufacturing, real estate, print media, office, and hardware supply businesses.
11. Narendra Raval
Seasoned entrepreneur Narendra Raval commands a net worth of $400 million.
He serves as the chairperson of Denki Group which manufactures aluminum, steel, and cement.
12. President William Ruto
Kenya’s fifth president William Samoei Ruto has a net worth of $300 million.
He is a deep investor in Amaco Insurance, and Weston Hotel besides owning acres of land in major towns across Kenya.
13. Peter Munga
Equity Holding Group founder Peter Munga has a net worth of $280 million.
He is also a multi-billion investor in the real estate industry.
14. Raila Odinga
The former Prime Minister Raila Odinga’s net worth is $250 million.
He owns huge stakes in the East African Spectra and Pan African Petroleum Industrial Services. In addition, postmodern mansions in Karen, Kisumu, and Mombasa.
15. James Mwangi
Equity Group CEO and MD, James Mwangi, has a net worth of $170 million.
He is a major stakeholder in the banking and real estate industries.
16. SK Macharia
SK Macharia with a net worth of $165 million is the founding owner of the Royal media Services
Samuel Kamau Macharia’s RMS firm houses Citizen Radio, Viu Sasa, and Citizen TV among other stations.
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