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Nakuru tycoon Kung’u family fight over Sh50bn estate

Hotel Kunste in Nakuru. It is part of the property owned by the late Stephen Kung'u. FILE PHOTO | NATION MEDIA GROUP

What you need to know:

  • The estate in question is valued at Sh50 billion, left behind by business magnate Stephen Kung’u, who founded the famed Hotel Kunste in Nakuru Town.
  • One of the accounts with Barclays Bank, Westlands, currently has more than Sh1.5 billion.
  • The businessman’s three daughters Naomi Wambui, Rahab Wamucii and Bilha Wanjiku are accusing their stepmother of sabotaging the businesses they were in charge of in an attempt to deny them their rightful inheritance.
  • The second wife’s three daughters have gone to court, seeking to stop their stepmother, her sons and daughter from further interfering with the estate until a petition filed in September last year is heard and determined.

A new succession battle is threatening to tear apart yet another Kenyan family, and this time the battleground is the otherwise peaceful Nakuru County.

The estate in question is valued at Sh50 billion, left behind by business magnate Stephen Kung’u, who founded the famed Hotel Kunste in Nakuru Town.