11 Richest Men in Kenya
The are just 11 but very, very rich. Their wealth at the Nairobi Securities Exchange (NSE) increased by Sh27 billion in slightly less than 12 months. Mark you, that is only wealth in shares listed in their names at the NSE. They have much more in shares not listed in their names, but under nominee accounts or through sister companies to ones listed at the stock market.
Yet, another huge chunk of their wealth is in firms they own but are not quoted at the NSE. It is also worth noting that there is an equal or slightly bigger number of Kenyans who are as wealthy, if not more endowed, than the 11, but whose wealth is largely unknown to the public as their companies or businesses are not listed at the NSE. Top in the rich list of those whose wealth is measurable, at least through the NSE, is his Highness The Aga Khan who alone scooped Sh17 billion of the Sh27 billion.
Next is the family of the late Philip Ndegwa, at Sh3 billion, a former entrepreneur per excellence whose estate stands solid in real estate, banking and other investment. Then follows Dr James Mwangi of Equity Bank and Chris Kirubi who made Sh2 billion and Sh1.41 billion, respectively. The family of retired President Daniel arap Moi and businessman-cum-politician Jimnah Mbaru, just shied off the billion mark, to have their listed wealth at the NSE increase by Sh800 million apiece.
Close in tow are businessmen Peter Munga, Naushad Merali, Ashok Shah and insurance executive, Benson Wairegi, whose wealth increased by Sh620 million, Sh400 million, Sh400 million and Sh380 million, respectively. The Somen family, with their vast interests in provision of Internet services and banker Gideon Muriuki closed the super rich list with gains of Sh300 million and Sh216 million, respectively. The Aga Khan, who is the spiritual leader of the Ismailia community, made his wealth through his investments in the media, banking, insurance and hospitality.
He is the single largest investor at the NSE with majority
Yet, another huge chunk of their wealth is in firms they own but are not quoted at the NSE. It is also worth noting that there is an equal or slightly bigger number of Kenyans who are as wealthy, if not more endowed, than the 11, but whose wealth is largely unknown to the public as their companies or businesses are not listed at the NSE. Top in the rich list of those whose wealth is measurable, at least through the NSE, is his Highness The Aga Khan who alone scooped Sh17 billion of the Sh27 billion.
Next is the family of the late Philip Ndegwa, at Sh3 billion, a former entrepreneur per excellence whose estate stands solid in real estate, banking and other investment. Then follows Dr James Mwangi of Equity Bank and Chris Kirubi who made Sh2 billion and Sh1.41 billion, respectively. The family of retired President Daniel arap Moi and businessman-cum-politician Jimnah Mbaru, just shied off the billion mark, to have their listed wealth at the NSE increase by Sh800 million apiece.
Close in tow are businessmen Peter Munga, Naushad Merali, Ashok Shah and insurance executive, Benson Wairegi, whose wealth increased by Sh620 million, Sh400 million, Sh400 million and Sh380 million, respectively. The Somen family, with their vast interests in provision of Internet services and banker Gideon Muriuki closed the super rich list with gains of Sh300 million and Sh216 million, respectively. The Aga Khan, who is the spiritual leader of the Ismailia community, made his wealth through his investments in the media, banking, insurance and hospitality.
He is the single largest investor at the NSE with majority