Sign in
Download Opera News App

News Politics




Africa politics

New List of Top Five Wealthiest Kenyans Reveals President Uhuru Kenyatta's Networth

Oxham international, a charity organization that fights inequality around the globle has conducted a research that has revealed the top five richest individuals and families in Kenya and Africa.

Focusing particularly in Kenya, Oxham's research listed Mr. Naushad Merali and Bhimji Depar Shah as Kenya's top tycoons with networths of KES 89.6B and 85B respectively. According to the study, the two industrialist own combined wealth greater than that of 16M Kenyans.

Photo: Today's Business Daily Screenshot

The two are followed by Jaswinder Sigh Bedi valued at 77.1B and Mahendra Rambhai valued at 48.7B. The Rambhai family owns Ramco groups that controls or holds other small companies dealing in print, hardware, manufacturing and office supply and property.

President Uhuru Kenyatta has been listed as Kenya's forth richest person with an estimated networth KES 60B also it this is associated with the wider Kenyatta family. President Uhuru's investments range from media, real estate, milk processing among others.

Statistics from the Kenya National Bureau if Statistics indicate that over 24M Kenyans live in poverty spending less that a dollar per day to fulfill their daily basic needs.

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

Jaswinder Sigh Bedi Kenya Kenyans Naushad Merali Oxham


Load app to read more comments