Kenyan billionaire donates entire salary to work for free

I don't need it

Kenyan Steel Billionaire Narendra Naval (Right) during a past function

Kenyan billionaire dealing in steel making Narendra Naval, on Tuesday announced that he would donate his entire salary obtained from his new work as Egerton University Vice chancellor.

The business tycoon, who replaced the former head of the university. Prof. Shem Wandiga, stated that his income would be given to needy students at the institution as a way of helping them.

Naval further noted that his companies which include Devki Steel Mills Limited, National Cement Company Limited (Simba Cement), Maisha Mabati Mills Ltd among others, would conduct business with the university for free.

The 55-year-old aside from the steel making industry, has other five establishments in various sectors with a major one being in aviation.

Naval pledges to donate half his net-worth to the poor

This will be the second time he is having such a huge donation in regards to bettering lives of other people.

In 2017, the business mogul promised to donate half of his net-worth to the poor through education, health and social projects.

His net-worth had been revealed in 2015 when he was placed in the list of the richest people in Africa by Forbes, with a net-worth of Sh41.2 billion.

The billionaire had recently made the news when he rejected an offer from Africa’s wealthiest man, Aliko Dangote, in regards to buying out his steel making company. 

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Luo Council of Elders chair appeals to Raila over planned protests

Luo Council of Elders chair appeals to Raila over planned protests

Juliana Cherera resigns in letter to Ruto

Juliana Cherera resigns in letter to Ruto

Nairobi investor pens letter to Ruto as multi-million business risks closure

Nairobi investor pens letter to Ruto as multi-million business risks closure

Police probe murder of Recce Squad officer in Nakuru

Police probe murder of Recce Squad officer in Nakuru

Ruto's instructions to Interior CS Kithure Kindiki ahead of Raila’s protests

Ruto's instructions to Interior CS Kithure Kindiki ahead of Raila’s protests

Youthful MP speaks on nearly losing his life during foreign trip this week

Youthful MP speaks on nearly losing his life during foreign trip this week

Ruto’s online exchange with Raila at night leaves Kenyans divided

Ruto’s online exchange with Raila at night leaves Kenyans divided

Atwoli reveals what he told Raila before meeting Ruto at State House

Atwoli reveals what he told Raila before meeting Ruto at State House

Biography: Kenya's youngest Interior PS Dr Raymond Ojwang' Omollo

Biography: Kenya's youngest Interior PS Dr Raymond Ojwang' Omollo