Top 5 wealthiest Kenyan entrepreneurs under 40
Kenya is home to some of the wealthiest people in the continent.
Kenya is home to some of the wealthiest people in the continent and the country is ranked at position 9 with a wealth per capita of Sh227, 000 ($2,200), according to 2017 Africa Wealth Report.
Apart from its wealthy class some of whom have been featured in Forbes list and other financial ranking, the country also boosts one of the largest pools of burgeoning middleclass.
Here are some of the richest Kenyans entrepreneurs under 40.
#1. Bundotich Zedekiah Kiprop alias BUZEKI
Mr. Kiprop Bundotich who is in his 30s is the founder of Buzeki Group of Companies, an amalgamation of companies incepted in 1999.
He owns a logistics company in Kenya, an oil-trading firm, a heavy vehicle dealership and insurance agency.
He acquired his wealth through investing in the dairy sector with establishment of the first milk factory in coast province under the brand name “New KilifiGold”.
He later sold his Buzeki Dairy business to the Kenyatta family controlled Brookside dairies for $15million to focus on his logistics companies.
He was awarded by the president Order of the Golden Warrior(OGW) in 2016.
#2. Eric Kinoti
THE 33 year old is the founder of Shades Systems E. A Ltd a $1 million (annual sales) company that manufactures military and relief tents, branded gazebos, restaurant canopies, car parking shades, marquees, luxury tents, wedding party tents canvas seats and bouncing castles across the region.
Eric Kinoti has been listed twice in Kenya’s top 40 under 40 and voted the most influential SME personality at the SOMA Awards.
In 2014, he was also listed among 30 most promising young entrepreneurs in Africa, by Forbes Africa list.
Shades systems has annual sales of over USD1 million.
#3. Eugene Mbugua
This young entrepreneur, 26 under his company Young Rich Television Limited has produced several popular television shows, among them; Young Rich; Get InThe Kitchen; Stori Yangu and Our Perfect Wedding.
He is also the founder of My Yearbook Kenya Limited, a company that produces yearbooks for schools, companies and governmental organizations.
He was listed among Top 40 under 40 Kenyans in 2014 by Business Daily and his revenue for the last two years has been just shy of $1 million.
Eugene Mbugua was named among 30 most promising entrepreneurs for 2017 by the Forbes Africa list.
#4. Zammer Verjee
Verjee founded Studio AZ, an interior and exterior design firm based in Nairobi, in 2012 with the £400 he saved at the university.
Almost five years later, turned about $500,000 (Sh51.5 million) in 2016 and has 11 full-time staff and 75 subcontractors.
Last year, the 30 year old was named as one of Kenya’s top 40 under 40 in 2016 by Business Daily Africa.
Zammer Verjee was named among 30 most promising entrepreneurs for 2017 by the Forbes Africa list.
#5. Trushar Khetia
The 30 year-old serial entrepreneurs is the founder of Tria Group, an outdoor advertising firm that uses public transit vehicles to market leading consumer goods in Kenya.
Tria, which was founded in 2013, places advertising on more than 200 buses in Nairobi for clients such as Unilever, Google, HP, Dell and Konica Minolta.
The company has annual revenues exceeding $1.3 million.
Trushar Khetia is also the founder of Society Stores, one of the most popular supermarkets in Thika.
39yr old Centum Investment chief executive James Mworia is the best paid corporate CEO in Kenya.
Mworia rose from a humble intern to head one of Kenya's biggest and profitable Companies.
His salary rose 5.1 per cent to a record Sh375.6 million ($3.6m) in the year ended March.
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