Kenya’s secret list of Billionaires revealed

The list contains over 100 billionaires who many Kenyans are not familiar with.

___6969959___https:______static.pulse.com.gh___webservice___escenic___binary___6969959___2017___7___10___14___Mwaura

According to the taxman, most of the net worth for the over 100 billionaires appears to have grown only recently.

According to the Nation, topping the list of these “silent millionaires” are KPMG’s chief executive, Josphat Mwaura, Ernst & Young’s CEO, Gitahi Gichahi and Philip Kinisu, the former chairman of the ethics and anti-corruption commission.

Others are SportPesa chairman Paul Ndung’u and Andrew Ndegwa.

Ndegwa holds shares worth more than Sh1 billion in NIC Bank alone.

Three women have also made it to the wealthy list.

They include Lucy Mwiti and Faith Mwikali.

Auditors have taken a huge chunk of the rich list giving prominence to the profession among Kenyans.

Among those from the auditing profession who have made it to the list of high-net-worth professionals include Philip Muema, Geoffrey Karuu, Peter Anchinga, Gulamhusein Fakrudin, Patrick Kamau, Brian Disouza and Jacob Gathecha.

Other notable professions who contribute to the list are doctors and lawyers.

These billionaires now join the list of the more notable wealthy individuals such as stock market billionaire investor Baloobhai Patel, businessman Naushad Merali (Sameer Investments chairman), Bharat Thakrar (Scangroup CEO) as well as industrialists Narendra Raval (Devki Group chairman) and Pradeep Paunrana (ARM Cement CEO).

Patel stock market assets is reported to be over 3 billion with stakes in Carbacid Investments, Barclays Bank of Kenya and Diamond Trust Bank.

Thakrar on the other hand retains over one billion shillings at Scangroup.

Mr Paunrana holds shares worth about Sh1.8 billion in ARM Cement.

Mr Raval's wealth is derived mainly from the Devki Group, the conglomerate that manufactures steel, cement and roofing sheets.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Fire incident reported at Maranda High School

Fire incident reported at Maranda High School

River Enziu disaster: Uhuru condoles with victims' families, warns motorists against crossing swollen rivers

River Enziu disaster: Uhuru condoles with victims' families, warns motorists against crossing swollen rivers

Sonko announces Sh250,000 reward for stolen furniture

Sonko announces Sh250,000 reward for stolen furniture

Update: Death toll rises to 24 in Kitui river bus tragedy

Update: Death toll rises to 24 in Kitui river bus tragedy

Germany's Chancellor Merkel bows out in style [PHOTOS]

Germany's Chancellor Merkel bows out in style [PHOTOS]

Expect internet services from Kenya Power

Expect internet services from Kenya Power

Purchasing new embassies will cost Sh5 billion per year - Foreign Affairs

Purchasing new embassies will cost Sh5 billion per year - Foreign Affairs

Westlands MP's plan to transform Nairobi into Smart City

Westlands MP's plan to transform Nairobi into Smart City

Omanyala joins GSU Recce Squad for special role

Omanyala joins GSU Recce Squad for special role