Billionaires: List of Top 25 Richest People In Kenya

We present to you the list of the top 25 most richest people in Kenya. This list will just have Kenyan Billionaires who accomplish a specific limit. You can read the list to know the Wealthiest people in Kenya.

Indeed, as indicated by the Cambridge Dictionary, a rich individual is somebody who has a great deal of cash or important belongings.

According to World Fact Book, Kenya has a GDP of US$70.539 billion and it is the largest economy in East Africa, with several rich people and families.

The nation has been positioned fourth in the Knight Frank’s Wealth Report rundown of the African States” super-rich countries.  It has some of the richest businessmen, politicians, and many more.

The wealthiest people in Kenya are recorded according to their Net worth.

Net worth is the value of all the non-financial and financial assets owned by an individual minus the value of all his/her outstanding liabilities.

A person’s Net worth or call it wealth refers to a person’s net economic position, the value of the individual’s assets minus liabilities.

Using the above logic, people can be ranked based on their net worth, and Kenya has some of the most popular and wealthy people. You may ask yourself how someone may become rich or get a lot of wealth, but who knows.

There is no one who can deny you of becoming rich. anyone can invest to become rich. Some of the richest individuals who may sponsor several politicians are listed below.

Wealthiest people in Kenya by order

You will realize that most riches people are businessmen or women. This will tell you that business is a major source of revenue for a larger population.

Here are the wealthiest people in Kenya, some are alive while some have left their wealth to their kins. As mentioned earlier, these are some of the richest people in Kenya best on their net worth.

  1. Moi and Family net worth

Moi and family is rated as the richest family in Kenya with several businesses across many counties. The family is one of the most affluent families in Kenya with not less than $3 billion net worth.

Moi and Family own several companies in Kenya and have invested a lot in almost every niche including agriculture, educational institutions, real estate among others.

Moi’s net worth may be difficult to estimate or to track owing to its diversity and secrecy. However, most people report that Moi ad not less than USD 3 billion.

Actually, many people are very secretive and may not share their financial records or say the amount of net worth they own.

  1. Nicholas Biwott Net Worth

Biwott is one of the richest people in Kenya before he died.  Nicholas Biwott was a famous businessman who owned the prestigious Yaya Center, a landmark shopping center in Nairobi among other business facilities across the country.

Biwott also owned Air Kenya, among other ventures that made him more richer. His business dealings were in total secrecy, as mentioned earlier, most people keep the secret of their earning, making it hard to determine their net worth.

According to the  Nigerian Venture magazine, Nicholas Biwott had a total net worth of $1 billion, making him one of the richest men in Kenya and also in Africa during his time.

  1. Mama Ngina Kenyatta Net worth

Mama Ngina Kenyatta is one of the richest women in Kenya. Ngina has been a very determined woman all through her life and was ready to invest as little as she could to change her life, family, and community.

She partner with Nicholas Biwott and the two are among the 55 Africa’s billionaires in a list published in the Nigerian Venture magazine some years ago. Other two Kenyans who appeared on that list include Naushad Merali and Manu Chandaria.

Mama Ngina is popularly knowns as the wife of the late Jomo Kenyatta and the mother of Kenya’s’s fourth President Uhuru Kenyatta.

Her net worth is estimated to be $1 billion (Sh86 billion).  Most of her income was derived from her investment in different niches such as real estate, banking, and hospitality sectors among others.

Mama Ngina Kenyatta is among the three women that made it to Africa’s billionaire club. Some people believed that most of her income was from her late husband Mzee Jomo Kenyatta, but who knows?

  1. Bhimji Depar Shah Net Worth

Bhimji Depar Shah is a popular Kenyan businessman, entrepreneur, and industrialist. Bhimji is the founder and current chair of BIDCO Group of Companies, a Kenya-based, family-owned manufacturing conglomerate with businesses in 13 African countries.

He was born in  1931 in Mombasa, Kenya. Bhimji started a petrol station in Nyeri town. later started Bidco Industries Limited in Kenya In 1985, the company switched to soap production.

As of November 2014, the industrial conglomerate was a leading manufacturer of soaps, detergents, and baking powder, with annual gross revenue in excess of US$500 million.

According to the Forbes annual ranking of Africa’s richest in Kenya,  Bhimji Depar Shah was recognized as one of the richest men in Kenya with a net worth of $700 million.

  1. Naushad Merali Net Worth

Naushad Merali is one of the wealthiest people in Kenya. He is a businessman and an industrialist. Naushad Merali is believed to be the founder of Kenyan mobile service provider Kencell along with French media giant Vivendi.

Naushad Merali as work in various organization. For instance, he chairs Sameer Group, a Kenyan conglomerate active in construction, agriculture, property, information technology, and finance.

With his hard work, he could able to earn money from different sources. Naushad Merali was formerly the chairman and largest individual shareholder of Bharti Airtel’s operations in Kenya, yet as of 2014, Naushad Merali sold his shares and stepped down from the company’s board.

Naushad Merali net worth valued at USD 550 Million, which makes him one of the richest people in Kenya.

  1. Uhuru Kenyatta Net Worth

Many people believed that Uhuru Kenyatta as one of the most privileged people in Kenya who had never seen hardship in his life. But who knows the reality?

Whether you become poor or rich, nothing comes easier. Even becoming poor is not an easy task.

According to records, before becoming the fourth president of Kenya, Uhuru Kenyatta was involved in managing his father’s wealth, where people believed that he acquired his own in the process.

Today, Uhuru Kenyatta is regarded as among the wealthiest people in Kenya.

Uhuru Kenyatta has a total net worth summing to US$500 million.

  1. Chris Kirubi Net Worth

Christopher John Kirubi is also known as Chris Kirubi is a Kenyan businessman, entrepreneur, and industrialist. Chris is a director at Centum Investment Company, a business conglomerate, where he is the largest individual shareholder.

He is also the owner of the biggest mall in East, and Central Africa, which was known as Two Rivers Mall.

Chris Kirubi now counts among his real estate holding in Nairobi’s iconic International House building and, through his property holding company House Limited. 

Kirubi’s net worth is over US$300 million, placing him at number 31 on Forbes’ inaugural list of Africa’s 40 Riches.

  1. Manu Chandaria Net Worth

Manilal Premchand Chandaria is the owner of the Comcraft Group of Companies that manufactures steel, plastic, and aluminum products.

Manu Chandaria has won several awards in East Africa and internationally in recognition of his entrepreneurial endeavors and is also a noted philanthropist.

Its company operates in not less than eleven African nations, Chandaria is also into the real estate business.

Manilal Premchand Chandaria’s net worth is estimated at $270 million, which make him one of the richest people in Kenya

  1. Atul Shah Net Worth

Atul Shah is a Kenyan businessman and entrepreneur. He is the managing director and chief executive officer of Nakumatt Holdings Limited.

The parent company of Nakumatt Supermarkets,  and the largest privately owned supermarket chain in the African Great Lakes area, with several branches in Kenya, Rwanda, Uganda, and Tanzania.

Atul Shah was Born in Nandi Hills, in 1961 here in Kenya and grew up under harsh conditions.

As the founder of Nakumatt supermarket, he has earned a lot of revenue and employed several individuals across East Africa.

It may be difficult to estimate Atul Shah  net worth since it was US$650 million in the past years. However, after financial issues and the closed of other branches of Nakumatt, his net worth dropped and now his net is estimated to be about USD 290 Million. 

  1. William Ruto Net Worth

William Ruto is one of the most popular politicians in the 22nd century. His source of wealth comes from being a politician.

Currently, he is the Deputy President of Kenya, a position he has held since 2013.

He previously served in various ministerial positions, including the Ministries of Home Affairs, Agriculture, and Higher Education Science and Technology.

William Ruto was the Secretary-General of the Kenya Africa National Union, the former ruling political party, and the MP for Eldoret North Constituency

William Ruto net worth While it is almost impossible to put an exact figure on how much the DP is worth. Some people believe that Ruto is a billionaire. He can be ranked among the top richest people in Kenya.

Some people believe William Ruto’s net worth is about $100,000 – $1M.  Other suggest that it is 30 billion.

The truth is yet to be discovered.

  1. Peter Kahara Munga Net Worth

Peter Kahara Munga is a Kenyan businessman and entrepreneur.  Kahara Munga is the group chairman of the Equity Bank Group, the largest bank holding company in African.

Munga also worked in collaboration with the chief executive officer of EBS.

He is reported to be one of the wealthiest individuals in Kenya, with a personal net worth of not less than USD 280 Million, which makes him one of the richest people in Kenya.

Munga was born in Kangema in Kenya’s Central Province in 1943. He went to Gaichanjiru high school.

  1. Raila Odinga Net Worth

Raila Amolo Odinga also known as “BABA” is a Kenyan politician who served as the Prime Minister of Kenya from 2008 to 2013.

He is popularly known in Kenya as the father of Modern Democracy and Prime Minister.

Raila has been the Leader of Opposition in Kenya since 2013. He served as the Cabinet of Kenya as Minister for Energy, became the Member of Parliament for Langata.

Odinga was appointed High Representative for Infrastructure Development at the African Union Commission in 2018.

Raila Odinga’s net worth is (US$250 million), which makes him one of the richest people in Kenya.

  1. James Mwangi Net Worth

James Mwangi is a businessman, banker, and the current Group Managing Director and Group Chief Executive Officer of Equity Group Holdings Limited.

His wife and him also own shares in Equity Group Holdings Limited and British American Insurance Company Limited (Britam).

This makes the family one of the wealthiest families in Kenya. James Mwangi’s net worth is estimated to be not less than US$170 million.

  1. C.K. Macharia Net Worth

S.K. Macharia is a Kenyan businessman and media mogul, who owns a wide range of most popular TV and Radio stations in both English, Kiswahili, and Vernacular in Kenya.

Some of the media station owned by C.K Macharia includes Citizen TV, Kiss,  Muuga, Ramogi,  Chamgei, Inooro, Radio Jambo, Bahari, and Wimwaro.

These stations collectively make The Royal Media company, which is one of the most successful media companies in Kenya.

In short,  S.K Macharia is the founder of The Royal Media company.

S.K has also invested in Agriculture, Real estate, Transport, and Banking services.

S.K Macharia’s total net worth is estimated to be $150 million, which makes him one of the richest people in Kenya.

           15. Titus Naikuni Net Worth

Titus Naikuni is a Kenyan mechanical engineer, businessman, and corporate executive.

Titus Naikuni is the chairman of the board of Airtel Kenya and Rift Valley Railways.  Naikuni served as the group managing director and chief executive officer of Kenya Airways, the national airline carrier.

He has made a fortune and managed to be on the list of the wealthiest individuals in Kenya.  Titus Naikuni has a net worth of USD 140 Million.

     16.Baloobhai Patel Net Worth

Baloobhai Patel is a Kenyan businessman, entrepreneur, and philanthropist. Patel is the founder of the tour company known as Transworld Safaris Limited.

He is the managing director of this firm.

Baloobhai Patel also serves as a non-executive director at Pan Africa Insurance, where Patel is the largest non-institutional shareholder.

He also has shares in Safaricom, Barclays Bank Kenya,  Diamond Trust Bank Group, Carbacid Investments, and Bamburi Cement which are  Nairobi Security Exchange (NSE) listed companies.

Baloobhai Patel net worth is approximately US$130 million.

  1. Joseph Wanjui Net Worth

Joseph Barrage Warui also know as “Joe Wanjui” is a Kenyan businessman and a political advisor. He is the Chief Executive Officer of Unilever.

He serves as the Chairman of UAP Holdings Limited and the Jockey Club of Kenya.

Joseph Barrage Warui is perceived as one of Kenya’s most shrewd businessmen with international business connections.

He served as a Chancellor of the University of Nairobi.

He becomes the managing director and eventually executive chairman of EAI.

Joe Wanjui net worth is about USD 125 Million

  1. Bharat Thakrar Net Worth

Bharat Thakrar, a Kenyan national and the founder of  WPP Scangroup, which is the largest Integrated Marketing Communications company in is East Africa.

He serves as the CEO of WPP Scangroup and has the largest shareholder in the company

Bharat Thakrar net worth is about USD 90 Million.

      19. Pradeep Paunrana Net Worth

Pradeep Paunrana is a Kenyan businessman, industrialist,  entrepreneur, and philanthropist.

He is the former managing director of ARM Cement Limited, one of the leading cement manufacturers in Eastern Africa.

He spent two years with a software company in New York, where he earned US$40,000 annually and returned to Kenya in late 1984.

When he came back, he teamed up with his father to start a business that they later named ARM Cement Limited, which is listed on the Nairobi Security Exchange (NSE).

Pradeep Paunrana owns 18% of the company shares, making him one of the wealthiest people in Kenya with net worth of over (US$87 million).

Richest people in Kenya

        20. Jane Wanjiru Michuki Net worth

Jane Wanjiru Michuki is among the richest women in Kenya appearing after Mama Ngina Kenyatta in this list of wealthy women.

Wanjiru is a  businesswoman, Kenyan lawyer, and investor. She is the Managing Partner at Kimani & Michuki Advocates, a corporate law firm based in Nairobi.

The law firm serves  Equity Group Holdings Limited.

She is the largest female stockholder on the Nairobi Stock Exchange (NSE).

Jane Wanjiru Michuki estimated net worth is approximately US$60 million making her one of the wealthiest women in Kenya.

      21. Duncan Ndegwa Net Worth

Duncan Nderitu Ndegwa was the first post-independence Head of Civil Service and Secretary to the Cabinet in Kenya. He was also the first African and longest-serving Governor of the Central Bank of Kenya.

His exact net worth is not known but is sure to run into the millions of dollars since he kept his earning secret.

However, the asset valuation of Fina Bank (Kenya) is estimated to be around $171 million.

       22. Jimnah Mbaru Net Worth

Jimnah Mbaru is an internationally renowned investment banker.

Mbaru is the chairman and director of numerous companies, including Dyer & Blair Limited, a leading stockbroking firm, and is reported to have over $300 million in assets under management.

He has been associated with the development of financial institutions including the Nairobi Stock Exchange (NSE), which he served as chairman for 10 years, and the Africa Stock Exchanges Association, which he launched as a founder chairman in 1993.

Jimnah Net worth is believed to be north of $ 45 million.

  1. Adil Popat Net Worth

Adil Popat is the CEO of Simba Corporation, a diversified Kenyan company with interests in hospitality, real estate, and vehicle distribution, representing brands such as BMW, Mitsubishi, and Mahindra.

The net worth of Adil Popat is estimated at $ 40 million

  1. Pius Ngugi Net Worth

Pius Ngugi Mbugua is a Kenyan entrepreneur and one of the country’s wealthiest persons.

He was born in Kiambu County. on 8 March 1944.

Pius engaged in Food Processing and owns the Kenya Nut Company which he founded in 1974.

Studies posit that the company is presently the main exporter of macadamia nuts from Kenya and has over 2,500 employees.

Pius Ngugi net worth is $35 million.

  1. Buzeki Kiprop Bundotich Net Worth

Zedekiah Bundotich Kiprop alias Buzeki is a Kenya businessman who is the Group Executive Director and Founder of the Buzeki Group of Companies which brings together businesses in the transport and dairy industries.

Buzeki is a Uasin Gishu Governor aspirant who has an established business link to President Uhuru Kenyatta through his company Buzeki Dairy Limited.

Buzeki became a majority shareholder with Brookside Dairies,  a company that is owned by the Kenyatta family, which purchased an Sh1.1 Billion stake in Buzeki Dairy that owns the Molo Milk Brand.

He claims that his business acumen makes him fit to lead Uasin Gishu county.

Buzeki  net worth is about $ 30 million.

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