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Here Are Two Rich People Wealthier Than 16.5 Million Poor People Kenyans

The gap between rich and poor the country is at an alarming level details have emerged that the two richest Kenyans have more assets than the property owned by 16.5 million poor Kenyans.

 A report released by the world-renowned Oxfam and Development Finance International (DFI) states that the more affluent the wealthy become, the more likely it is that the poverty rate will rise, due to economic inequality. 

According to an Oxfam report which lists the richest Kenyans last month, Sameer Naushad Merali and Bhimji Depar Shah, the most richest Kenyans, collectively owning Sh174.5 billion. 

A report by Taifa Leo indicates, Mr Merali is the son of the deceased businessman, Naushad Mer, who passed away in July last year. The report found that its net worth was Sh89.5 billion. Mr Shah, who is said to be worth Sh85 billion, is the founder of Bidco, a company that manufactures a wide range of household goods.

 The Kenyan richest men are Jaswinder Singh Bedis who was found to be worth Sh77.1 billion and the family of Kenya's first president, Jomo Ken yatta, with a fortune of Sh60.1 billion.

"Extreme levels of inequality while for some the growing wealth and millions of Kenyans growing up in poverty and malnutrition are the result of political choices. It is corruption, immorality and social violence," said Mr John Kitui. Oxfam Kenya General Manager.

Content created and supplied by: MaangiJob_Ke (via Opera News )

Bhimji Depar Kenyans Naushad Mer Oxfam Sameer Naushad Merali

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