Top Ten richest people in Kenya: Kenya is a Country with well to do individuals who have amassed great wealth over the years, but have you ever wondered who are the most wealthy individuals in Kenya? Well wonder no more as this Article examines the list of Top 10 wealthiest individuals in Kenya as verified by Forbes and other authentic sources as to their noteworthy which serves as our parameter for determining their wealth.
This Networth is their economic position determined by subtracting their liabilities from assets and it is usually used as the measure of determining the wealth of individuals and the same is applicable in this case. In the light of this, the richest individuals in Kenya are.
Table of Contents
Sameer Naushad Merali is Kenya’s richest individual, with a net worth of $790 million (KSh89.6 billion). According to Oxfam International, Merali became the richest Kenyan after inheriting the wealth left behind by the late Naushad Merali.
| RANK | NAME | NET WORTH |
|---|---|---|
| 1 | Sameer Naushad Merali | $790 |
| 2 | Bhimji Depar Shah | $790 |
| 3 | Jaswinder Singh Bedi | $680 |
| 4 | Uhuru Kenyatta | $530 |
| 5 | Mahendra Rambgai Patel | $500 |
| 6 | Mama Ngina | $430 |
| 7 | Atul Shah | $350 |
| 8 | Raila Amolo Odinga | $290 |
| 9 | Baloobhai Patel | $270 |
| 10 | James Mwangi | $250 |
Richest People In Kenya
Sameer Naushad Merali
Sameer Naushad Merali is Kenya’s richest individual, with a net worth of $790 million (KSh89.6 billion). According to Oxfam International, Merali became the richest Kenyan after inheriting the wealth left behind by the late Naushad Merali.
Bhimji Depar Shah
BHIMJU DEPAR SHAH: Bhimji depar Shah is an industrialist, entrepreneur, and founder of BIDCO Africa Industries which was founded to manufacture Garments in 1970 and since then has diversified into Soap production, Edible Oil manufacturing plant, production of fats, margarine, laundry soap, personal care and skin products, animal feeds, beverages, and food products.
This Company now has branches across 17 African Countries and is the largest producer and marketer of Consumer goods in East Africa. This massive growth of the Company has greatly contributed to the networth of Bhimji Deparw Shah who has an incredible networth of $700 Million which comfortably makes him one of the richest men in Kenya.
Jaswinder Singh Bedi
Oxfam ranked textile manufacturer Bedi as the third wealthiest person in Kenya for his work in running one of the largest textile factories in the country. His net worth is estimated at $680 million (Sh77.1 billion).
Uhuru Kenyatta
The report ranks President Uhuru Kenyatta as Kenya’s fourth wealthiest person with a net worth of $530 million (Sh60 billion). The report added that the wealth is likely associated with the wider Kenyatta family, who retains interests in various sectors, including banking, milk processing, transport, media, hospitality and land. Ten richest people in Kenya
Mahendra Rambgai Patel
The report ranks Patel as the fifth richest Kenyan, with a net worth of ($430 million/Sh48.7 billion) whose family owns Ramco Group, a conglomerate with interests in print, hardware, manufacturing, office supply and property sectors.
Ngina Kenyatta
Ngina Kenyatta popularly known as Mama Ngina is the wife of late President Mzee Jomo Kenyatta and thus the former 1st Lady of Kenya. She is also the mother to Uhuru Kenyatta the 4th President of Kenya, and she currently ranks as the Richest Woman in Kenya with a networth of over $500 Million.
Atul Shah
Atul Shah is the Managing Director and Chief Executive Officer of Nakummat Holdings, a Company which was established in 1987 and since then has established itself as one of the largest supermarket in Kenya, Uganda, Tanzania, and Rwanda and also dealing in Home Furnishing products and Retailing of consumer products in over 5 African Countries.
The Company usually ranks in a gross annual revenue in excesses of $500 Million until it’s closure in January 2020 due to some financial issues it eventually encountered. Nonetheless, this hasn’t affected the Status of Atul Shah as one of the Richest Men in Kenya with a networth of $350 Million.
Raila Amolo Odinga
Raila Amolo Odinga is a Kenyan Businessman and Politician who has previously served as the Prime Minister of Kenya from 2008-2013, Member of the Parliament from 1992 – 2007, and he has contested for Kenya Presidency four times in 1997, 2007, 2013, and 2017 respectively.
Asides Politics, he owns Companies such as East Africa Spectre, a Gas Cylinder Manufacturing Plant, Spectre International Limited, Pan African Petroleum Company. In addition to his investments in Real Estate and other undisclosed Investments which contributes to his networth of $290 Million
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Baloobhai Patel
Baloobhai Patel is a great Businessman and Entrepreneur who Currently serves as the owner and Managing Partner of Transworld Safaris Limited and Non Executive Director at Pan Africa Insurance.
He also has stakes at Bamburi Cement (a leading cement company in East Africa with one of the largest Cement plant in Africa), Carbacid Investment Limited, Abasa Bank, Cooperate Bank, Williamson Tea Kenya, Diamond Trust Bank group, Safari Company, and Barclays Bank Kenya. These and more contributes to his networth of 10 Billion Kenyan Shillings which makes him one of the richest men in Kenya.
James Mwangi
James Mwangi is an accountant, Banker, and Entrepreneur who currently ranks as the Managing Director and Group Chief Executive Officer of Equity Group Holding Plc which is one of the Largest Banks in Africa, and he is one of the highest paid CEO in Kenya with a Monthly Salary of 300 Million Kenyan Shillings a sum excluding other bonuses and allowances he is entitled to.
James Mwangi is notably one of the Richest Investors in Kenya, remarkably leading Equity Bank to invest over $2 Billion and also has a good number of other investments which contributes a fair share to his current networth of $250 Million. Hence, earning a spot in this list of 10 Richest people in Kenya.
Conclusion
These people have made Kenya stand out as one of the top productive African countries as they have helped develop Kenya to the level where Kenya competes with other African countries.
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