Top 10 Richest Billionaires in Kenya (2024)

You will get to know about the Top 10 Richest Billionaires in Kenya in this informative piece. Kenya is one of the top economic countries in East Africa but there are several factors that impede the country’s economy and for that reason, we may not see as many billionaires on this list as expected. So, journey with us to find out the names of billionaires that made the list.

Top 10 Richest Billionaires in Kenya

Despite the various challenges the Kenyan economy is facing, there are certain individuals who saw opportunities and have amassed huge wealth. You can find below the list of the Top 10 Richest Billionaires in Kenya.

1. Moi & Family

Net Worth: $2.1 Billion

Source of Wealth:

Moi and Family occupy the number one spot on our List of Kenyan Billionaires having an estimated net worth of $2.1 billion.

They are considered to be among the affluent families in the country. the family has several companies established in the country and also has invested in almost every business sector in Kenya.

2. Nicholas Biwott & Family

Net Worth: $1.52 Billion

Source of Wealth: Investment

Nicholas Biwott and his family come in at the second spot on our List of Kenyan Billionaires having an estimated net worth of $1.52 billion. despite the death of Nicholas Biwott, his family took charge of his business empire and continue to grow it.

The Biwott family owns the prestigious Yaya Center, a landmark shopping center established in Nairobi. Also, he owned Air Kenya, among other ventures through which he amasses wealth.

Just like the Moi family, Biwott’s family business dealings are shrouded in total secrecy which makes it hard to determine his net worth.

3. Mama Ngina Kenyatta 

Net Worth: $1 Billion

Source of Wealth: Politics

Mama Ngina Kenyatta occupies the third spot on our List of Kenyan Billionaires having an estimated net worth of $2 billion. This makes her one of the billionaire women in Africa.

Mama Ngina is the mother of Uhuru Kenyatta, Kenya’s fourth President. Her net worth is spread in the real estate, banking, and hospitality sectors.

4. BhimjiDepar Shah

Net Worth: $960 Million

Source of Wealth: BIDCO Group of Companies

BhimjoDepar Shah is one of the Top Ten Richest in Kenya to make our list of richest billionaires. Irony right? He is the founder and seating Chairman of BIDCO Group of Companies, a manufacturing conglomerate with businesses in 13 African countries.

5. NaushadMerali 

Net Worth: $745 Million

Source of Wealth: Sameer Group 

Kenyan Industrialist and businessman, NaushadMerali are not left out among the Top 10 Richest Billionaires in Kenya. He is the founder of Kenyan mobile service provider Kencell alongside French media giant Vivendi.

Aside from his telecommunication business, Merali also makes his fortune from Sameer Group, a Kenyan conglomerate with an interest in agriculture, construction, information technology, property, and finance.

6. S.K Macharia

Net Worth: $730 Million

Source of Wealth: Royal Media Service 

We have Samuel KamauMacharia who is one of the Top Ten Richest in Kenya to appear on the list. he is a renowned Kenyan entrepreneur who founded Royal Media Services, the largest private radio and television network in the whole of East Africa.

The stations under this media service include Citizen TV, Kiss, Radio Jambo, Ramogi, MuugaChamgei, Inooro, Bahari, and Wimwaro.

Also, seasoned entrepreneurs explored other business ventures including Agriculture, Real estate, Transport, and Banking.

7. Atul Shah

Net Worth: $502 Million

Source of Wealth: Nakumatt Holdings

Atul Shah’s journey to fortune was not an easy one but through hard work and dedication, he is ranked among the Top Ten Richest in Kenya presently.

The business magnate is currently the Managing director and Chief Executive Officer of Nakumatt Holdings, one of the largest privately-owned supermarkets in Kenya.

More so, the business has been established in other countries including Uganda, Tanzania, and Rwanda, with an overall staff strength that is more than 7,000 people on its paid list.

8. Uhuru Kenyatta

Net Worth: $471 Million

Source of Wealth: Politics

Uhuru Kenyatta comes in at the eighth spot on our list of the Top 10 Richest Billionaires in Kenya. The Kenyan politician is the seating president of Kenya.

Before now, he served as a member of parliament for Gatundu South for 12 years from 2002 to 2013. Also, he previously served as Deputy Prime Minister from 2007 to 2013.

The majority of Kenyans consider him to be a privileged person who has never suffered hardship. He grew up in a family of wealth and he managed his father’s wealth through which he made his earning before becoming the current president of the country.

9. Chris Kirubi

Net Worth: $434 Million

Source of Wealth: Centum Investment Company Limited 

Chris Kirubi is a renowned businessman, industrialist, and philanthropist who is the current chairman of Centum Investment Company Limited.

He is also holding the largest share of the company, through which he is able to make his fortune which earns him the ninth spot on our list of the Top Ten Richest in Kenya.

10. Raila Odinga

Net Worth: Politician

Source of Wealth: $330 Million

Raila Odinga closes the curtain in our discussion. He is a renowned Kenyan politician who served for 6 years as the Prime Minister of Kenya from 2008 to 2013. Today, he is revered as the father of modern democracy in the country.

Read Also: Top 10 Richest Musicians in Kenya

Conclusion

I believe you are now acquainted with the Top 10 Richest Billionaires in Kenya. Most of the names on the list are business people while others are politicians.

More so, only a few attained billionaire status while the majority are still below the billionaire status. However, with the growing African economy, be sure to see more billionaires in our next review.