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Richest People in Kenya and their Net Worth

Kenya has some of the wealthiest people, some of whom have appeared on Forbes's list of richest people. Among the richest people in Kenya are politicians, businessmen and industrialists. Kenya is the fastest-growing economy in East Africa and that attract many investors. Rich Kenyans have managed to accumulate wealth by investing in businesses. Some of the richest people in Kenya include Moi and Kenyatta families. 

The following is a list of Kenya’s richest people, their net worth and assets. 

1. Moi’s Family

Moi Family tops the list of richest people in Kenya with a net worth estimated at 3$ Billion. Moi was the second president of Kenya and he accumulated most of the wealth during his tenure. Most of his businesses revolve around education, manufacturing, real estate, banking, insurance, maritime and freight.

Some of the businesses owned by the Moi Family include:

  • Kabarak University
  • Standard Group that owns KTN and Standard newspaper
  • Mugoya Construction
  • Eagles Airlines
  • Safariland Club

2. Manu Chandaria

Manu Chandaria is a self-made Kenyan billionaire. He is a Kenyan businessman of Indian descent whose net worth is estimated at $1.7 Billion.

He is the Chairman and CEO of Comcraft Kenya Ltd. The company manufactures steel and aluminum and has a presence in Kenya, Ethiopia and Nigeria.

It is estimated that the company generates over 200 billion in revenue annually. Some of Manu Chandaria's titles include C.B.S (Chief of the Burning Spear) and O.B.E (Order of the British Empire).   

3. Nicholas Biwott

Nicholas Biwott was a Kenyan politician and businessman. He was one of the most influential and richest people in Kenya during Moi's era. He passed on in 2017 and at the time he had accumulated wealth estimated at $1.1 Billion.

Some of the businesses he owned include:

  • Yaya Center
  • AirKenya Express
  • Rono Ltd
  • Hz Construction and Engineering
  • Lima Kenya

4. Mama Ngina Kenyatta

Mama Ngina Kenyatta is the wife to Kenya’s first president the Late Jomo Kenyatta. She is the mother of Kenya’s 4th President Uhuru Kenyatta. Mama Ngina Kenyatta's net worth is estimated at $1 billion.

She owns thousands of hectares of land in Nairobi, Nakuru and Naivasha. She has an interest in real estate, tourism, education and telecommunication.

Some of the companies she owns include:

  • Brookside School
  • Brookside Dairy
  • Kilifi Dairy
  • Peponi schools
  • Delamere
  • Molo Milk
  • Ilara

5. Bhimji Depar Shah

Bhimji Depar Shah is a Kenyan businessman, entrepreneur and industrialist. His net worth is estimated at $900 million. He is the Founder and Chairman of Bidco Oil Refineries Africa.

The company deals in the manufacture of cooking oil and fat, detergents, soap and baking powder. The company generates over $300 million in revenue annually.

Read also: Richest musicians in Kenya and their net worth.

6. Narendra Raval

Narendra Raval is a Kenyan entrepreneur and industrialist. He is among the richest people in Kenya with a net worth of over $500 million. He is the current Executive Chairman of Devki Group of Companies that generate over $650 million in revenue annually.

Devki Group of companies owns companies like:

  • Maisha Mabati Mills
  • National Cement Company
  • Simba Cement Uganda
  • Devki Steel companies
  • Maisha Packaging Company

7. Uhuru Kenyatta

Uhuru Kenyatta is the fourth president of Kenya. He is the son of Kenya’s first president Jomo Kenyatta. He is arguably one of the richest people in Kenya with a net worth of $500 million.

He has gained most of his wealth through Business Empire owned by the Kenyatta family. Some of the businesses he has an interest in include:

  • Heritage Hotels
  • Chartis Insurance
  • Enke Holdings
  • Media Max Group
  • 9% stake in Commercial Bank of Africa (CBA)
  • 13% stake in NIC Bank

8. Chris Kirubi

Chris Kirubi was one of the wealthiest people until his passing on in 2021. His net worth is estimated to be worth $420 million.

He was the largest shareholder in Centum Investments. Centum Investments is a real estate company that built the largest shopping mall in Sub-Saharan Africa, Two Rivers Mall.

He was also the Chairman of:

  • DHL Express Kenya
  • Sandvik East African Limited
  • International House Limited
  • Haco Industries Kenya Limited
  • Nairobi Bottlers Limited
  • Capital FM

9. Peter Munga

Peter Munga is the founder of Equity Bank and his wealth is estimated to be over $300 million. He was the Chairman of Equity Group before retiring. He has also invested in companies like British American Investments Company and Britam.

He holds other positions like:

  • Chairman of Equatorial Nut processors Ltd
  • Chairman Freshco International Limited
  • Non-Executive Director at HF Group Plc

10. S.K Macharia

S.K Macharia is a Kenyan businessman and media mogul whose wealth is estimated to be worth $150 million. He has an interest in media, real estate, banking and agriculture. He founded a tissue paper company that manufactures Rosy tissue.

He is the Chairman of Royal Media Services that owns:

  • Citizen Tv
  • Inooro Tv
  • Radio Citizen
  • Radio Jambo
  • Hot 96
  • Vernacular radio stations

Read also: Highest paying jobs in Kenya. 

Conclusion

In the top list of Kenya’s richest people are politicians, businessmen and industrialists. Most of these wealthy people have managed to accumulate wealth through business, politics and investment.