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Report reveals Uhuru among top five wealthiest Kenyans
The Kenyatta family retains interests in a wide range of sectors, including banking, milk processing, transport, media, and hospitality and land.
Photo credit: Oxfam
What you need to know:
- Two Kenyans have a net worth greater than the combined wealth of 16.5 million fellow citizens, highlighting the massive gap in fortunes between the country’s haves and the have-nots.
- Mr Sameer Merali is the heir to the late businessman Naushad Merali, who passed away in July last year.
- The late Merali built his wealth from diverse investments including telecommunications, manufacturing, agriculture, banking and real estate.
Two Kenyans have a net worth greater than the combined wealth of 16.5 million fellow citizens, highlighting the massive gap in fortunes between the country’s haves and the have-nots.
Oxfam International, a global charity organisation that fights inequality, lists Sameer Naushad Merali and Bhimji Depar Shah as Kenya’s top tycoons with fortunes of $790 million (Sh89.6 billion) and $750 million (Sh85 billion) respectively, with industrialist families dominating the ranking of wealthy Kenyans.
