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

Bahati : I have been offered Sh50 Million to drop my Mathare MP bid

Bahati : I have been offered Sh50 Million to drop my Mathare MP bid

'Mchele gang' strikes again as woman steals Sh150k during Safari Rally

'Mchele gang' strikes again as woman steals Sh150k during Safari Rally

Govt allocates Sh70 million to aqcuire safehouse for Kenyans working in Gulf region

Govt allocates Sh70 million to aqcuire safehouse for Kenyans working in Gulf region

Details of Ruto's manifesto unveiling at Kasarani

Details of Ruto's manifesto unveiling at Kasarani

Ruto Camp: How Uhuru used Raila's birthday as cover up to sign secret deal

Ruto Camp: How Uhuru used Raila's birthday as cover up to sign secret deal

Inooro TV guest arrested for pretending to be a police officer

Inooro TV guest arrested for pretending to be a police officer

UoN seeks to hire debt collectors to recover Sh5 billion

UoN seeks to hire debt collectors to recover Sh5 billion

Students of Kakamega High rushed to hospital following stampede

Students of Kakamega High rushed to hospital following stampede

Heartbreak as KDF soldier dies rescuing his house help

Heartbreak as KDF soldier dies rescuing his house help