Who are the richest men in Kenya? This post is centered on the latest ranking of the wealthiest men in Kenya with their source of wealth, net worth, brief biography, and other facts about them listed. Continue reading and enjoy your time here as we reveal Kenya’s richest men.
The measurement of one’s wealth is done by totaling individual assets both financial and non-financial and subtracting this by the total value of the individual liabilities.
Out of the net worth we have daily income and accrued income, properties both landed and other opulence which the individual may have.
The outbreak of COVID-19 which turns out to become a pandemic that affects the economy of every country of the world has kept many firms and businessmen out of business.
Many recorded huge losses which some cannot recover from the losses, this had a negative impact on the net worth of most businessmen around the world and Kenya isn’t an exception.
Thank goodness that businesses are kicking up again and some businessmen have managed to stay afloat, countries’ economies are building up stronger and the world is taking a new shape.
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Kenya as a country in sub-Saharan Africa is one of the most developed countries in Africa and has the highest GDP in East Africa, a country with such standard sure have some prominent people that acts as the major driving force of the country’s economy which leads us to the richest men in Kenya.
Never forget that the country just like most African countries also has its own share of bad leaders which has negatively affected the country, the has been a lot of deterioration, stagnation, grafts, closure of production industries, unemployment, public funds theft and so many other negative occurrences but lately, there have been some improvements.
In our previous post we compiled and published the list of the top 10 richest men in Ghana which is important for you to check out too, but on this page, we will be revealing to you the most famous and most successful Kenyan men.
Based on demand from our regular visitors we have compiled the list of the richest men in Kenya currently and the list is sourced from Forbes, Bloomberg and other top-ranking bodies.
The 10 Richest Men In Kenya 2022
Below is a table showing the top 10 Kenya richest men:
|Rank (#)||Kenya Richest Men||Estimated Net Worth ($)|
|#1.||MOI Family||$3 billion|
|#2.||Vimal Shah||$1.8 billion|
|#3.||Manu Chandaria||$1.7 billion|
|#4.||Biwott Family||$1.2 billion|
|#5.||Mama Ngina Kenyatta||$1.1 billion|
|#6.||Bhimji Depar Shah||$790 million|
|#7.||Naushad Merali||$700 million|
|#8.||Uhuru Kenyatta||$540 million|
|#9.||Chris Kirubi and his family||$400 million|
|#10.||S. K Macharia||$380 million|
Checking through the table alone will not justify their worth, how did they gather such fortune? Let us find out as we elaborate on details on each of the richest men in Kenya.
1. MOI Family — (Net Worth $3 billion)
The richest in Kenya is the MOI Family, this is a family that has investments in over 8 different sectors ranging from banking, agriculture, manufacturing, media, insurance, real estate and many others.
It was made known that the former and late president of Kenya Daniel Arap Moi ruled for 24 years and over the years he was able to secure various deals that benefit himself and his family.
The family owns various businesses and some of them are Radio Maisha, Standard Newspaper, Kenya Television Network, Spice FM, Vybezz radio and also Standard Group.
The MOI family net worth is currently estimated at $3 billion which has placed them as the richest family in Kenya and also not only that the MOI family is the richest in the whole of East Africa.
2. Vimal Shah — (Net Worth $1.8 billion)
Vimal Shah is the second richest man in Kenya, he is an entrepreneur, industrialist and also businessman, he was born in 1960 in Nyeri, Kenya and the CEO of BIDCO Africa which happens to be one of Africa’s largest manufacturers of domestic consumer products.
He started his business career by manufacturing soaps of which the bank refused to grant him loans to scale up his business, he then got financial assistance from his friends and his family members.
Vimal was able to build a business empire with his brother and his father and today the company is one of the largest manufacturers and distributors of consumer products like cooking fats, baking products, detergents, margarine, edible oils, laundry bars e.t.c. across East Africa and Central African regions.
Vimal Shah net worth is currently estimated at $1.8 billion and his fortune is attributed to income from his company.
3. Manu Chandaria — (Net Worth $1.7 billion)
Third on the list of Kenya’s wealthiest men we have Manu Chandaria an Indian although born in Kenya and also the CEO of Comcraft aluminum and steel company.
Manu Chandaria was born on the 1st of March 1929 in Nairobi, Kenya. He is a businessman and also a philanthropist, his company Comcraft Group of Companies has a firm presence in over 40 countries and his existence is a great boost for the Kenyan economy.
Comcraft Group of Companies is one of the largest steel manufacturers in Africa and today he is one of the most influential people in Africa.
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Manu Chandaria net worth is currently estimated to be $1.7 billion, his wealth comes from his business and this placed him in second place of the richest in Kenya.
4. Biwott Family — (Net Worth $1.2 billion)
The family wealth is traced down to Late Nicholas Biwott who is nicknamed “Total Man”, he was once one of the richest men in Kenya before his demise in 2017 and his family inherited his wealth.
Late Bitwott was a businessman, philanthropist and also politician with a huge stake in National Milling Corporation, he was the owner of Barisim Investment, Yaya Center and Premier Group of Companies and before his death, he was able to build a business empire which his family now operates.
Bitwott Family net worth is currently pegged at $1.2 billion making the family one of the richest families in Kenya and also in East Africa.
5. Mama Ngina Kenyatta — (Net Worth $1.1 billion)
Here comes the richest woman in East Africa Mama Ngina Kenyatta, she is the wife to the previous President of Kenya and also the mother of Uhuru Kenyatta who is the current president of Kenya.
She is mainly into real estate investment and also invested in other businesses, with the advantage of being the wife of the then-president and mother of the current president of Kenya Mama Ngina Kenyatta was able to get herself juicy deals and her net worth pegged at $1.1 billion.
6. Bhimji Depar Shah — (Net Worth $790 million)
On the list of Kenya wealthiest men we have Bhimji Depar Shah, he is a businessman and the owner of Kenya family-owned manufacturing conglomerate Bidco Group of Companies with a presence in 13 countries in Africa.
As an African and leading fast-moving consumer goods (FMCG) company the company is into the production of refined edible oil, soaps and other household products. His son Viman served as the CEO of the company and the company is expanding day by day.
Bhimji Depar Shah net worth is $790 million and his fortune is gotten from his various business investments.
7. Naushad Merali — (Net Worth $700 million)
The list of the richest men in Ghana will not be complete without mentioning Naushad Merali the founder of Kencell one of the leading mobile service providers in Kenya.
Aside from the telecommunication industry which he belongs, he also owns Sameer Group which is a company with numerous base in different East African countries, the company is into agriculture, construction, ICT and finance, he also has a stake in Airtel Telecommunication which is one of the leading telecom companies in Africa.
Naushad Merali net worth is currently estimated at $700 million and this wealth makes him one of the most important businessmen in Kenya.
8. Uhuru Kenyatta — (Net Worth $540 million)
Uhuru Kenyatta was born with a silver spoon as he is the son of an ex-president of Kenya “Mzee Jomo Kenyatta”, he was born on the 26th of October 1961, he is the current president of Kenya and served his second term being the 4th ruler of the country.
Never forget he is the heir to the largest landholdings of his country owning over 500,000 acres of land through his father and this serves as the main source of his wealth and since the demise of his father he has been the one managing his father’s wealth.
Uhuru Kenyatta net worth is currently estimated to be $540 million and his earnings are mainly from lands although his family also owns Brookside Dairies and shares in some companies.
9. Chris Kirubi and family — (Net Worth $400 million)
Chris Kirubi was once one of the richest men in Kenya but unfortunately, on the 14th of June 2021, he died then his wealth was passed to his family.
Chris Kirubi was a businessman, industrialist, entrepreneur and philanthropist. He was able to gather wealth by investing in various businesses and has chaired for many business brands the likes of DHL Express Kenya Ltd., International House Ltd., Haco Industries, Kiruna International Ltd., 98.4 Capital FM and other investments.
Chris Kirubi and family net worth is currently estimated at $400 million and the family fortune is by inheritance.
10. S. K Macharia — (Net Worth $380 million)
Last but not least on our list of top ten richest men in Kenya is S. K Macharia, his full name is Samuel Kamau Macharia who is a prolific and famous businessman in Kenya. He owns a lot of businesses and also has stakes in other companies and majorly with Royal Media Company.
S. K Macharia owns numerous TV and Radio stations, he has a huge investment in media and also he is an active investor in real estate, banking, agriculture and other sectors in Kenya and Eastern Kenya at large.
Who is the best leader in Kenya?
President Uhuru Kenyatta is currently ranked as the best political leader in Kenya comparing the developments experienced during his tenure to other Presidents of the country.
Who is the richest person in Kenya?
The wealthiest person in Kenya is Vimal Shah, he is an industrialist, entrepreneur and the owner of Bidco Africa, his net worth is pegged at $1.8 Billion.
Who are the billionaires in Kenya?
Today Kenya boasts of 5 billionaires according to Forbes, they are the MOI Family ($3 billion), Vimal Shah ($1.8 billion), Manu Chandaria ($1.7 billion), Biwot Family ($1.2 billion) and Mama Ngina Kenyatta ($1.1 billion).
Which family is the richest in Kenya?
The MOI Family is currently the richest family in Kenya with a net worth of over $3 million.
Who is the richest politician in Kenya?
The current President of Kenya Uhuru Kenyatta is the richest politician in Kenya, Uhuru Kenyatta net worth is estimated to be over $540 million.
The economy of Kenya wouldn’t have been stable and steady as it is now if not for the influence of the businessmen listed in this piece, now Kenya is experiencing some form of stability and the country is growing economically and in terms of infrastructural developments.
Kudos to the listed businessmen, they are the pride of Kenya, East Africa and Africa at large. We will continue to update this post with the latest and most accurate information about the annual ranking of the richest men in Kenya.
Top 10 Richest Men In Kenya (Recap)
Here is an updated and accurate list of the wealthiest men in Kenya:
- MOI Family — (Net Worth $3 billion)
- Vimal Shah — (Net Worth $1.8 billion)
- Manu Chandaria — (Net Worth $1.7 billion)
- Biwott Family — (Net Worth $1.2 billion)
- Mama Ngina Kenyatta — (Net Worth $1.1 billion)
- Bhimji Depar Shah — (Net Worth $790 million)
- Naushad Merali — (Net Worth $700 million)
- Uhuru Kenyatta — (Net Worth $540 million)
- Chris Kirubi and family — (Net Worth $400 million)
- S. K Macharia — (Net Worth $380 million)
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