The sports category has moved to a new website.
ADVERTISEMENT

Details of Gideon Moi’s Sh70 Billion empire

His companies are spread across four continents

Gideon Moi

As Baringo Senator Gideon Moi prepares to run for President in the 2022 General election, it is an interesting time to reflect on his business empire that has been reported to spread across four continents.

Gideon is regarded as former President Daniel Moi’s favourite son which makes him a heir to a large fortune.

Despite the publicly known Moi family fortune, the Baringo Senator is a billionaire by his own right and has an interest in various companies.

Kroll report

ADVERTISEMENT

He has in the past been quoted as saying that any deal worth less than a Sh100 million "is not worth his time".

The Kroll report, which was released in 2007, estimated Gideon to have been worth £551 million (Sh70 billion).

Locally, the former President’s last born son has significant shareholding inEagle Airlines, Chemusian Company, Fresh Produce Ltd, Siginon Freight, Car Track Kenya Ltd, First American Bank (which has since been sold to Kenyatta-family owned Commercial Bank of Africa), Equatorial Bank (which rebranded to Spire Bank in 2016), The Sasine Group of Farms and Cable and Wireless.

List of businesses

Internationally, the KANU Chairman was also reported to own a tobacco farm in Malawi, as well as shareholding in global companies including Kent Ship Maritime, Sielei Properties Ltd, Giant Holdings Ltd, Revak Ltd, Sudbury Ltd, Sudbury Investments, Giant Forex Bureau, Westfield International Ltd, Chesco Ltd, Hampstead Enterprises, Metipso Services Ltd and Maternity Shop.

ADVERTISEMENT

The Kroll investigation into former President Moi’s wealth and allegations of mass plunder was commissioned by President Mwai Kibaki in 2004 as part of his anti-corruption campaign.

The report also estimated Gideon’s elder brother, Phillip to have been worth Sh53 billion.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Judiciary reveals what transpired before magistrate Monica Kivuti was shot

Judiciary reveals what transpired before magistrate Monica Kivuti was shot

How former finance minister lost budget briefcase after drinking spree

How former finance minister lost budget briefcase after drinking spree

Police officer shoots magistrate during court session

Police officer shoots magistrate during court session

Blog: Treasury CS reveals how much gov't will borrow to finance 2024/25 budget
Live

Blog: Treasury CS reveals how much gov't will borrow to finance 2024/25 budget

Woman accused of stabbed ex-boyfriend evades arrest for 14 months, DCI seeks help

Woman accused of stabbed ex-boyfriend evades arrest for 14 months, DCI seeks help

Kenyans flock Ruto & MPs' DMs to oppose the Finance Bill 2024

Kenyans flock Ruto & MPs' DMs to oppose the Finance Bill 2024

Where DCI nabbed Yvonne Okwara impersonater who conned PS & politician

Where DCI nabbed Yvonne Okwara impersonater who conned PS & politician

Why Kenya's budget is read before the MPs pass Finance Bill 2024

Why Kenya's budget is read before the MPs pass Finance Bill 2024

Education & career profile that makes Kimani Kuria the face of Finance Bill

Education & career profile that makes Kimani Kuria the face of Finance Bill

ADVERTISEMENT