Kenyans Who are Richer Than President Uhuru Kenyatta. Despite owning vast swaths of property and a slew of businesses, President Uhuru Kenyatta is not the country’s wealthiest man.
Sameer Naushad Merali and Bhimji Depar Shah are Kenya’s top tycoons, according to Oxfam International, with fortunes of $790 million (Sh89.6 billion) and $750 million (Sh85 billion), respectively, with industrialist families dominating the listing of affluent Kenyans.
President Uhuru Kenyatta is the fourth wealthiest Kenyan, according to Oxfam, with a fortune of $530 million (Sh60 billion).
Kenyans Who Are Richer Than President Uhuru Kenyatta
1. Manu Chandaria
Manu Chandaria is among Kenyans Who are Richer Than President Uhuru Kenyatta. Manu is Kenya’s second richest individual, with a net worth of approximately 1.7 billion dollars.
Manu Chandaria’s company, Comcraft, specializes in the production of steel and aluminum products in Africa.
Comcraft was the largest steel manufacturer in Africa in 2015, with over 2 billion dollars in yearly revenue and over 30,000 employees spread across three continents.
Manu Chandaria earned his bachelor’s degree in engineering from the University of Oklahoma after graduating from Jamnagar University in India.
He went into business after finishing his BSc and master’s degrees and has since become one of Africa’s most powerful persons.
2. Bhimji Depar Shah
Bhimji Depar Shah is a Kenyan entrepreneur who is estimated to be worth 700 million dollars.
He is the chairman of the Bidco Group of Companies, a family-owned manufacturing conglomerate based in Kenya with operations in 13 African nations. BIDCO Africa is the major producer of rapidly moving consumer goods in East Africa (FMCG).
BIDCO is a soap manufacturer that also does edible oil refining. Vimal, Bhimji’s son, is the company’s CEO. The BIDCO Africa group finished and opened a $200 million industrial complex in 2019. Bhimji is Kenya’s sixth richest person.
3. Naushad Merali
Naushad Merali is Kenya’s sixth richest individual (3rd if you don’t include family wealth such as the Mois), with a net worth of 600 million dollars. He is a Kenyan entrepreneur and the founder of Kencell, a mobile service provider.
He is also the head of the Kenyan conglomerate Sameer Group, which is involved in construction, agribusiness, finance, and information technology.
Naushad was a substantial shareholder in Airtel telecoms and was on the board of directors before selling his shares and stepping out. He is still one of Kenya’s wealthiest individuals and is well-known throughout Africa.