Top 100 Richest People In Kenya in 2024 -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.
Top 100 Richest People In Kenya
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. Recognizing 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.
Top 100 Richest People In Kenya
10 Richest People In Kenya 2020-2023
Politicians:
- Moi & family ($1.2 billion)
- Kenyatta’s ($400 million)
- Biwott ($700 million)
- Saitoti ($100 million)
- Kibaki ($ 100 million)
- Michuki ($100 million)
- *Awori ($5 million)
Manufacturing:
- Chris Kirubi ($10 million)
- Manu Chandaria ($10 million)
- Naushad Merali ($10 million)
- Kuguru Foods ($2 million)
Finance:
- Jimnah Mbaru ($5 million)
- James Mwangi ($2 million)
Top 100 Richest Kenyans In 2013-2016
Ok ..we landed on this list somewhere on www.walahoi.ning.com but we are not sure how this list was arrived at….What do you think? Are these the Richest Kenyans for real?
1). Philip Ndegwa family [ICEA, AM bank, Lions of Kenya insurance, Unga group, Riverside park estate, NIC bank, Mitchell Colts, Mackenzie Kenya, East Kenya bottlers, Kenya National Mills, Howse N Mcgeorge)
2). Manu Chandaria:EA match co, Kaluworks and the 2billion dollaz a year mabati.
3). Simeon Nyachea ( Kabansora, Prime bank
4) Anoop Vohra(Sarova Hotels/Athi river mining co [cement N minerals] / the Avenue Park estate
5). Kentan Somaia (UTC group of hotels)
6). ‘sir’ Charles Njonjo: (CFC bank, CMC, an 200 hao estate in Kitasuru- lakeside I think, it’s right next to Kibaki’s estate, Car & General, shares in BA, Barclays Bank & Standard Bank, Brooke Bond, Alico Insurance, Ibonia farms)
7).Chris Kirubi : International Life House, capital fm, DHL Kenya, Haco ind.[think bic biro pens,Gillett razor blades etc], Nai. bldg’s, Uchumi shares……
😎. Chief Samuel Koriata (The largest land owner in Kenya)
09) Duncan Ndegwa [Unga group, real estate]
[10]. Stanley ‘Don King’ Githunguri [Lilian towers, tassia coffee estate]
11] Gethere wa Mbugwa family (property in Nai & Mombasa)
[12] Da Gama Rose [computer applications/ grand total of 20 companies]
13] Laxmanbhai Raghvani (contractor))
[14] Naushad Merali :The Sameer czar N probably the richest Kenyan. Kencell, Firestone, Sameer ind. park, Ever-ready Battaries, Equatorial finance co., First Americn bank, Sasini tea & coffee, Ryce motors, Commercial bank of Africa, Marshalls etc etc……
14] The Ramji Shah & Jadavji Rughani family of Sarit Center and text book center
[15] Wilfred Murungi (Mastermind tobacco)
16] John Michuki [Windor hotel]
[17] Mike Maina (Arch Marble N pelican paints)
18] Adbul Jaffer
[19] Mohamed Zubedi
20] Jimmah Mbaru [Jimba group of companies]
[21] SK Macharia [royal card, ribshack, citizen group, AA (kenya)]
22] Lalit Pandit [EABS with assets of 10 billion built Akiba estate
N Fedha’the little lavington’,EABS towers N Westminister House in Nai.,Akiba bank 2billion in assest N Mercantile life and General Assurance co.]
[23] Nicholas Biwott ( Lima ltd, yaya centre, Kengeles, construction, property ie he built Nairobi Dam estate, HZ construction, H young)
24] Hayer Bishan singh
[25] Baba Moi & Sons (Kenya) Limited. (half of kenya!. 2 many 2 mention)
26] Tahir Said Sheik
[27] Hosea Kiplagat
28] Mulji Devaj brothers
[29] Ephraim Maina (Kirinyaga construction Ltd)
30] HJ Paunrana Family (Athi river mining company)
[31] Mohamed said Bawazir
32] Nginyo Kariuki (Nginyo towers, hotel)
[33] ‘Kinuthia young-trader’ [Manga hotels, Hillock inn]
34] Maganlal Chandaria [not related to Manu] : comcraft ind. and madhupaper.
[35] Jerad Kagwana [the Mall, communication centre]
36] Munish Shah [Village market/ kingsway motors/ car tires/ Charterhouse bank]
37] Karanja Kabage [insurance/ KBS]
38] Haban Singh
[39] Philip wahome [Silver Springs hotel, Green hills hotel,Dreams 90,Cafe-D-Paris N real estate, continental bank]
40] Terry Childs (Brookside schools)
[41] Micheal Somen of Hutching Biemer.
[42] Udi Gechaga [Masharik Motors]
[43] Shaukat Noorani [Glory hotels, driving sch. etc]
[44] SS Metha (Construction tycoon)
[45] Nemubhai Shah [Nakumatt supermakets]
[46] Pius Ngugi [Amazon motors’vovlo’,Norwich Union bldg., Stedler Pencile Kenya, Kenya nuts company, Thika coffe mills,]
[47] Wilson kipkoti [prudencial bank, standard assurance co.,hotel Sirikwa]
48] Ruben Block (Block family)
49] Kenyatta family…. (thru ENK Holding they own brookside dairy, the 1 billion heritage hotels group, presitige air, Village market, Commercial bank of Africa, pepponi sch., second largest land owners in Kenya, buildings in Nai & Mombasa)
50] Chief Lerionka ole Ntutu (another large scale land owner)
51] David Bowen (Kenya Charity sweepstake)
52] Andrew Muthama [minerals’jemstones’]
53] Mulu Mutisya family [half of Ukambani land and every thing that’s sold there]
54] Matu wamae [Ngong hills hotel, sera coating, dunlop kenya, coffee plantations]
55] Basil Critico ( land scale land owner)
56} John Kariuki N his brother James Kanyotu [the ex-special branch boss] [have interest in Sarova hotels, Kuni kenya, commercial bank of africa, firestone]
57] MA Bayusuf brothers [fleet of Haulage trucks]
58] Lord Cole (Africa Air Rescue)
59] Salim Alibhai (Salodin paints, Silentnight & Kenya orchards)
60] Davidson Kuguru (Kuguru Food company)
61] Martin Dunford [carni/ Termarid group]
62] Samuel Gichuru
63] Harbinder Seti
64] D*cky Evans (Homegrown)
65] Swale Nguru (mombasa largest prime land owner and easily the most richest man in costo)
66] Chuta’s behind horticulture company KHT
67] Vora family (Sarova Hotels)
68] Sunil Behal
69] Edwin Yinda [Hardrock cafes/ shipping magnet/ insurance]
70] Gideon Toroitich (Moi’s Nephew Agricultural finance Corporation)
71] The Akasha family (madawa ya kulevia)
72] Humphrey Kariuki [hotel Diplomat/green corner/ property]
73] Abdul Karium Popat [Simba colt motors/ Imperial bank/ 20th. century]
74] Kibathi family (sagret hotels)
75] Kenneth Matiba ( Alliance hotels, Hillcrest schools, College house)
76] John Harun Mwau (kidogo questionable dealer N wheeler)
77] Ngenga Karume: Cianda house., tusker house, coffee plantation,real estate, cianda flowers, clayworks, Jacaranda hotels[mayfair,molo highland inn etc],united finance ltd…….
78] The Kunyiha family {Coopers Kenya Ltd.]
79) Julius Gechau (interest in DT Dobie, Hillcrest group of Schs.)
80) PK Jani ( CFC Bank & heritage insurance)
81) Joshua Kulie (moi’s business manager)
90) Kimani wa mbagi (Kenyatta’s business manager) -(Agip house & property)
91) The Kantari Family (Prime Bank)
92). The shah family (I&M bank)
93). GK Kirima (property, half of riva rolly)
94). Joe Wanjui ( UAP Insurance, hotels, horticulture)
95). Samuel Gichuru ( KBS, chaka place,
96). Eric Kotut (Goldenberg money)
97). Chamanlal Kamanis: (kamson body builders & anglo licensing)
98). Kamlesh Pattni: (chief architect of goldenberg, Grand regency, Safariland, duty free kenya)
99). George Saitoti: (Goldenberg money, Sulmac, Property in Kileleshwa & Nyali)
100) Mohammed Sajjad (mombasa commodity trader)
Top 50 Richest Families In Kenya
Top 50 richest families and billionaires who have excelled well in business and politics for the past two decades or so.
Although the list may not include some of the assets, we have done enough investigations to prove that indeed they are the 50 richest families in Kenya.
Here is the LIST:
1. Daniel Moi and Family– The former President Moi is the richest man in Kenya. The Moi family holds wealth estimated to be over Sh300 billion shillings.
2. Kenyatta and Family –Through ENKE Holding the Kenyatta’s family owns Brookside Dairy, The 1 Billion Heritage Hotels Group, Prestige Air, Village Market, Commercial Bank Of Africa, Peponi School and are the second largest land owners in Kenya.
3 . Philip Ndegwa’sFamily – The Ndegwa family owns ICEA, AM bank, Lion of Kenya Insurance, Unga Group, Riverside Park Estate, NIC Bank, Mitchell Colts, Mackenzie Kenya, East Kenya bottlers, Kenya National Mills, Howse and Mc George
4 . Nicholas Biwott– Biwott, who is a close confidante of retired Moi, owns Lima ltd, Yaya centre, Kengeles, construction companies, Nairobi Dam Estate, HZ construction and H Young
5. Naushad Merali – Merali has a number of companies including the former Kencell, Firestone, Sameer industrial park, Eveready Batteries, Equatorial Finance Company, First American Bank, Sasini tea and coffee, Ryce motors, Commercial bank of Africa and Marshalls.
6 Chris Kirubi – Chris Kirubi is the owner of International Life House, Capital FM, DHL Kenya, HACO industries and Uchumi House in Nairobi.
7 Joshua Kulei – real estates in Karen.
8. John HarunMwau – Shares in Nakumatt.
9 S.K Macharia – Royal Card, Rib shack, RMS Group, AA (Kenya)
10. Manu Chandaria – EA Match Company, Kaluworks and the Sh2 billion iron sheet factories.
11 Jimnah Mbaru – Jimba Group of Companies that owns banks and other assets
12 Simeon Nyachae – Kabansora, Credit Bank, Prime Bank ets
13 Charles Njonjo – CFC bank, CMC, Car & General, shares in BA, Barclays Bank & Standard Bank, Brooke Bond, Alico Insurance, Ibonia farms
14. Stanley Munga – Equity Bank
15. Amit Patel – The Ramco Group/Holdings, Ramco Printing & Packaging, Ramco Court Real Estate, Associated Steel Limited-Hardware, Printing, Packaging, Leasehold buildings, Heavy fabrication and imports distribution
16 Mwai Kibaki – hotels, construction companies and buildings in CBD
17 Anoop Vohra – Sarova Hotels/Athi river mining co (cement and minerals) / the Avenue Park estate
18. Saitoti’s family – Sulmac, Property in Kileleshwa and Nyali.
19 Keitan Somaia – UTC group of hotels
20 Duncan Ndegwa – Unga group and real estates
21 Njenga Karume family – Cianda house., tusker house, coffee plantation, real estate, Cianda flowers, Clayworks, Jacaranda Hotels,Mayfair,Molo Highland Inn And United Finance Ltd
22 Stanley ‘Don King’ Githunguri -Lillian Towers, Tassia Coffee Estate
23 Mohammed Sajjad– Mombasa Commodity Trader
24 Lalit Pandit – East African Building Society with assets of 10 billion built Akiba and Fedha estates, ABS Towers and Westminster House in Nairobi, Akiba bank, and Sh 2 billion in assets in Mercantile life and General Assurance company.
25 Odinga’s family – Kisumu molasses, cooking gas cylinders and real estate.
26 The Ramji Shah & Jadavji Rughani family of Sarit Center (co-ownership) and text book center
27. Chandaria – not related to Manu Chandaria – Comcraft Industries and Madhupaper.
28. James Mwangi– Equity bank
29. Munish Shah -Village Market/Kingsway Motors/ Car Tires/Charterhouse Bank
30. Pius Ngugi – Amazon motors ‘Vovlo’, Norwich Union bldg., Stedler Pencile Kenya, Kenya Nuts Company and Thika coffee mills.
31. Kamlesh Pattni -chief architect of Goldenberg owner of Grand Regency, Safari land, Duty Free Kenya
32 .Swale Nguru – Mombasa’s largest prime land owner and easily the richest man in Coast Province.
33 Prof Joe Wanjui – UAP Insurance, hotels, horticulture
34 HJ Paunrana Family -Athi River Mining Company
34, Michuki Family– Windsor Hotel
35. Martin Dunford -Carnivore restaurant and Tarmarid group
36. Ali Bunow Korane-The Former Permanent secretary is said to have More than 40 real eastates in Nairobi and an International Business Tycoon.
37. Abdul Karium Popat – Simba Colt Motors/ Imperial bank/ 20th. century]
38 Wilson Kipkoti – Prudential Bank, Standard Assurance Company and Hotel Sirikwa
39 Ephraim Maina – Kirinyaga Construction Ltd
40 Dicky Evans – Homegrown
41 Terry Childs – Brookhouse Schools
42 Eddy Njoroge – Kengen and Transcentury
43 Muriuki – Co-operative Bank
44, Samuel Gichuru – former Kenya Power MD, Chaka Place and large tracts of land in US and Australia
45. Kanyotu family – Real estates
46. Mark Too– Lorno East Africa Company and real estates.
47. Kamau – Tuskys MD
48. Retired Major Boinet – real estate
49. Ahmednassir Abdullahi – City lawyer, Hass Petroleum, First African Bank and Nairobi Law Monthly.
50. Benson Wairegi – Britam.
Top 10 Richest People in Kenya 2024
Have you ever wondered who the richest people in Kenya are, and how they got to be so wealthy? This list of the top 10 richest people in Kenya and how they made their money should be of interest!
10. Dr. James Mwangi
Dr. James Mwangi is well known for being the face of Equity Bank. He is currently the Group CEO and MD of Equity Group Holdings Limited, a post he has held since 2019.
This accountant-turned-businessman, banker, and entrepreneur has a net worth of $170 million, earned from his significant stake in the Equity Group. Dr. Mwangi has also invested heavily in stocks and real estate.
9. Raila Odinga
Raila Odinga, formerly the Prime Minister of Kenya between 2008 and 2013, has a net worth of $170 million. He has made his money mainly from politics and manufacturing.
Mr. Odinga owns East African Spectre and Pan African Petroleum Industrial Services. He has also invested in land and the manufacturing sector.
8. Peter Munga
Peter Munga is one of the top 10 richest people in Kenya. His net worth of $280 million is a result of investing in agriculture, finance, education, and insurance.
Munga is the founder of Equatorial Nut Processors Limited and Equity Building Society Ltd (which eventually became Equity Bank). He is also the founder of the Pioneer Group of Schools.
7. Narendra Raval
Narendra Raval, the founder and chairman of the Devki Group, is one of Kenya’s more seasoned entrepreneurs. He currently has a net worth of $400 million.
This millionaire’s main source of income comes from the Devki Group, a leading building material manufacturer. The six companies within this group manufacture steel, cement, and aluminum among many other products.
6. Mahendra Rambhai Patel
Mahendra Patel, whose net worth is $430 million, is the owner and founder of the Ramco Group. This group started as a small hardware shop in Nairobi in 1948.
The Ramco Group has interests in print media, real estate, office supplies, manufacturing, etc. Patel has also invested in agriculture.
5. Uhuru Kenyatta
Uhuru Kenyatta, the immediate former president of Kenya, has a net worth of $530 million. Most of his wealth comes from politics and business.
Some of his business interests include transport, media, banking, dairy farming, and hospitality.
4. Jaswinder Singh Bedi
Jaswinder Singh Bedi is the founder and owner of the textile manufacturing giant, Bedi Industries. His net worth is $650 million, with most of it coming from his company.
This millionaire is an exporter, entrepreneur, and industrialist, and is well-known as an international trade negotiator.
3. Bhimji Depar Shah
Bhimji Depar Shah is another of the top 10 richest people in Kenya. He is behind the establishment of Bidco Industries back in 1970, and his current net worth is $750 million.
Bidco Industries has since grown into the Bidco Group, which is associated with leading brands such as Cowboy, Elianto, Msafi, and Golden Fry.
2. Sameer Naushad Merali
Sameer Naushad Merali inherited most of his wealth from his father Naushad Merali, giving him a net worth of $790 million.
He owns the controlling shares at the Sameer Group, which has interests in banking, real estate, manufacturing, telecommunications, and agriculture.
1. Mama Ngina Kenyatta
Mama Ngina Kenyatta is a former first lady of the Republic of Kenya. Her net worth is $1 billion, making her the only female dollar billionaire in Kenya.
Mama Ngina’s interests cut across various sectors, including real estate, hospitality, and banking. She has stakes in Peponi School, Brookside Dairy, NCBA Bank, and Mediamax, among others.
Now that you know where these top 10 richest people in Kenya make their money, you can also be inspired to start small and work your way to the top!
