According to Business Daily Africa, at least 340 Kenyans are worth more than $10 million (Ksh 1.2 billion). Their investments have contributed a lot to the Kenyan economy.
However, only 15 Kenyans, dubbed “cent-millionaires,” are worth over $100 million (Ksh 12 billion).
Although some industrialists are breaking into the ranks of the super-rich, Asians are increasingly controlling Kenya’s wealth. Today, we’ll focus on Kenya’s crème de la crème and moneybags.
1. SK macharia
SK. Macharia is the Kenyan founder and chairman of Royal Media Services, the largest private radio and television network in Eastern Africa. SK Macharia’s net worth is estimated to be more than KSh 40 billion.
2. Gideon Muriuki
Dr. Gideon M. Muriuki holds several high-level positions in the banking industry. He is currently the Chairman of the Governing Council at Africa International University and the Managing Director of Co-Operative Consultancy & Insurance Agency Ltd. Furthermore, Mr. Muriuki is the Vice President-Africa of the International Co-operative Banking Association. He also serves on the boards of the Co-operative Bank of Kenya Ltd., the Co-operative Bank of South Sudan, the Deposit Protection Fund, and Kingdom Securities Ltd. His estimated net worth is $22.6 billion.
3. Tabitha Karanja
Tabitha Karanja, now Senator Tabitha Karanja Keroche, is the current senator from Nakuru. She is a businesswoman, entrepreneur, and industrialist from Kenya. She founded Keroche Breweries and currently serves as its CEO. Keroche Breweries accounts for 20% of Kenya’s beer consumption and is the country’s first large brewery owned by a non-multinational corporation. According to Business Today, Senator Karanja is worth more than Ksh 8.5 billion.
4. Manu Chandaria
Manilal Premchand Chandaria is a Nairobi-born Kenyan businessman of Indian descent. He serves on the boards of several prominent East African companies. In addition, he is a senior Comcraft Group of Companies member, a billion-dollar enterprise with a presence in over 40 countries. Radio Citizen. Chandaria’s net worth is $2 billion, according to Forbes.
5. Bhimji Depar Shah
Bhimji Depar Shah is a businessman, industrialist, and entrepreneur from Kenya. He is the founder and current chair of the BIDCO Group of Companies, a family-owned manufacturing conglomerate based in Kenya with operations in 13 African countries. Bidco is now one of Kenya’s largest manufacturers of edible oils, among many other businesses with which he is involved. His net worth is estimated to be $750 million.
6. Baloobhai Patel
Baloobhai Patel is a Kenyan businessman and entrepreneur. Transworld Safaris Limited is owned and managed by him. He also has minority stakes in several publicly traded Nairobi Securities Exchange (NSE) companies.
He is said to be one of Kenya’s wealthiest citizens. He is estimated to be worth $800 million.
7. Pradeep Paunrana
Pradeep Paunrana is a Kenyan entrepreneur, businessman, industrialist, and philanthropist. He is the current chairman of the Kenya Manufacturers Association. He was also the former managing director of ARM Cement Limited, one of Eastern Africa’s leading cement manufacturers. His net worth exceeds $300 million.
8. Catherine Nyongesa
Dr. Catherine Naliaka Nyongesa is a radiation oncologist from Kenya. In Nairobi, she is the founder, owner, and CEO of Texas Cancer Centre. The Texas Cancer Centre has grown to four locations in Nairobi and Eldoret as of July 2017.
Her yearly earnings are estimated to be between KSh 350 million and KSh 1 billion.
9. James Mwangi
Dr. James Mwangi is the current Group Managing Director and Group Chief Executive Officer of Nairobi-based Equity Group Holdings Plc. The bank has over 8 million customers, making it Africa’s most extensive customer base. The most significant contribution of equity to the world is financial inclusion. Dr. Mwangi is one of Africa’s top 20 most influential entrepreneurs. His estimated net worth is $170 million.
10. Richard Ngatia.
Mr. Richard Ngatia is Megascope Healthcare’s current managing director and CEO. Recognising its work in the healthcare sector, the healthcare provider has received numerous local and international awards. Ngatia is also the president of the Kenya National Chamber of Commerce and Industry (KNCCI), which is about to end its term. His net worth is estimated to be around $600,000.
11. Mary Okello.
Mary Okelo is an educator and successful entrepreneur who has significantly contributed to Kenyan education and microfinance services. She founded and chairs the Kenya Women’s Finance Trust. Ms. Mary Okello is a prominent Kenyan entrepreneur and the first woman in East Africa to lead a Barclays Bank branch. Her estimated net worth is $18 million.
