Richest People in Kenya

Top 20 Richest People in Kenya: Their Wealth Sources, Businesses, and Net Worth as of 2023

Kenya is a vibrant and economically dynamic country, home to several influential and wealthy individuals and families. In this article, we will take a closer look at the richest people in Kenya, their estimated net worth, and the sources of their wealth.

These opulent individuals have not only accumulated wealth but also played a pivotal role in shaping the nation’s business and social circles.

Top 10 Richest people in Kenya

These individuals have amassed substantial wealth through various avenues, including business, investments, and entrepreneurship.

1. Moi Family

The Moi family is one of the most prominent and wealthy families in Kenya. Their wealth is derived from a diverse portfolio of investments, including ownership stakes in financial institutions like First American Bank and Equatorial Bank.

They also have interests in media through KTN, real estate with properties like Regent Management, and education with institutions like Kabarak University and Kabarak High School.

Additionally, the Moi family is involved in agriculture through Fresh Produce Ltd and has investments in various other sectors.

Estimated Net Worth: $3 billion

2. Kenyatta Family

The Kenyatta family is another influential and wealthy family in Kenya. Their wealth is largely generated from their ownership of Brookside, one of Kenya’s leading dairy companies.

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They also have investments in education with Peponi School and healthcare through Beta Healthcare. The family owns extensive land holdings in Kenya and has various other business interests.

Estimated Net Worth: $2.5 billion

3. Chandaria Family

The Chandaria family has amassed their wealth primarily through the Comcraft Group, a conglomerate involved in steel manufacturing.

The Comcraft Group has a significant presence not only in Kenya but also in other African countries, contributing substantially to the family’s fortune.

Estimated Net Worth: $1.7 billion

4. Philip Ndegwa Family

The Ndegwa family’s wealth is tied to their involvement in financial services and real estate. They have interests in prominent financial institutions such as ICEA Lion, NCBA, and AmBank.

Additionally, the family has invested in real estate projects, including Riverside Park, further adding to their wealth.

Estimated Net Worth: $1.5 billion

5. Biwott Family

The Biwott family’s wealth is linked to their ownership of Yaya Center, a prominent shopping mall and commercial property in Nairobi.

Yaya Center has been a successful venture for the family, contributing significantly to their net worth.

Estimated Net Worth: $1.1 billion

6. Mama Ngina Kenyatta

Mama Ngina Kenyatta, the former First Lady of Kenya has substantial wealth accumulated from various business ventures. Her investments span across banking, hospitality, and real estate, making her one of Kenya’s wealthiest women.

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Estimated Net Worth: $1 billion

7. Sameer Naushad Merali

Sameer Merali is a prominent Kenyan entrepreneur known for his involvement in the Sameer Group.

The Sameer Group is a diversified conglomerate with interests in sectors like manufacturing, agriculture, and telecommunications. His business acumen has propelled him into the ranks of Kenya’s wealthiest individuals.

Estimated Net Worth: $790 million

8. Bhimji Depar Shah

Bhimji Depar Shah is the founder of Bidco Group and father of the Bidco Group CEO Vimal Shah.

Bidco is renowned for its products in cooking oil, soap, and other household items. Bhimji Depar Shah’s business success has led to his significant wealth in association with brands like Sun Top, Elianto, Golden Fry Cooking Oil, and Msafi.  

Estimated Net Worth: $750 million

9. Jaswinder Sighi Bedi

Jaswinder Sighi Bedi is associated with Bedi Textile. A company involved in the textile and apparel industry. His business ventures have contributed to his wealth, making him one of Kenya’s richest individuals.

Estimated Net Worth: $680 million

10. Uhuru Muigai Kenyatta

Former president Uhuru Kenyatta, apart from his political career, has business interests in various sectors.

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 He shares in the ownership of Brookside, Peponi School, NCBA, and Beta Healthcare, among others. These investments have added to his personal net worth.

Estimated Net Worth: $550 million

Full list of the richest people in Kenya

  • Mahendra Rambgai Patel – $430 million
  • Narendra Raval – $ 400 million
  • Peter Munga – $ 280 miliion
  • Raila Odinga – $ 250 million
  • James Mwangi – $ 170 mllion
  • SK Macharia – $ 165 million
  • Jane Wanjiru Michuki Ksh 1 billion
  • Senator Tabitha Karanja Ksh 8 billion
  • Jane Wangui Njuguna Ksh 3 billion
  • Dr. Catherine Nyongesa Ksh 1 billion

These affluent Kenyans continue to play a significant role in the country’s economy and development, while also contributing to various philanthropic initiatives and social causes.

Refer to the above list of the richest people in Kenya to stay informed about the economic powerhouses driving the nation’s financial landscape.

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