Kenya is the richest country in Africa, boasting a GDP of Ksh 900 billion. The richest families in Kenya are worth billions too. Here are our top 10 richest Kenyan families ranked by their net worth!
Making this list of the richest families in Kenya is not easy because there are no official records on who has how much money. This means that many are just speculations. That said, here are some of these richest Kenyan families worth billions!
Top 10 Richest Kenyan Families
Moi Family
Net worth: Ksh 50 billion
The richest family in Kenya is the Moi Family. The wealth of former president Daniel Arap Moi and his wife has been accumulated through various business investments. They own three hotels including Safari Park Hotel, Kipepeo bar, as well as other properties such as farms and residential houses. They also retain an interest in the vast East African Tea company.
Kenyatta Family
Net worth: Ksh 40 billion
The richest family in Kenya is the Kenyatta Family. President Uhuru Kenyatta and his Deputy William Ruto are both multi-millionaires with vast interests across various industries such as insurance, banking, cement production, real estate, etc. They also have interests in the tourism industry through their investment firm Kemko.
Ruto Family
Net worth: Ksh 25 billion
The Ruto family is the second richest family in Kenya. Deputy President William Ruto and his wife Rachel are both billionaires with vast investments in agriculture, dairy farming, the hospitality industry, and real estate. Their companies include Trans National Holdings Ltd, Rift Valley Railways Company Ltd among others.
Githu Muigai
Net worth: Ksh 15 billion
The former Attorney General of Kenya, Githu Muigai is the richest black man in Kenya with assets valued at over 150 million. He is a renowned international jurist who has served as an adviser to several countries including South Sudan and Somalia on constitutional matters. He also sits on the boards of various international corporations.
Wanjigi Family
Net worth: Ksh 12 billion
The richest family in Kenya is Kenyatta’s ally and financier, Jimmy Wanjigi. He has vast interests across several industries including real estate, construction, banking, etc where he also owns a bank with his son Silas Kipng’etich Wanjigi. His other businesses include East African Portland Cement, Eveready East Africa, and several others.
Michuki Family
Net worth: Ksh 10 billion
The Michuki family is the richest Luo family in Kenya with a net worth of over 100 million dollars. The late Nicholas Biwott was one of the richest and most powerful men in Kenya. His widow Tabitha has continued with the businesses including oil distribution, media houses, and other investments.
Moses Wetangula
Net worth: Ksh 10 billion
The Bungoma Senator is one of the richest politicians in Kenya. He made his fortune through various business ventures such as transport, real estate, etc. He also owns a bank and several other businesses.
Karuturi Family
Net worth: Ksh 10 million
The richest Indian family in Kenya is the Karuturi family. They made their fortune through agriculture, horticulture and floriculture businesses. The company has over 3000 hectares of land under cultivation across Africa and India. They also have interests in oil palm, sugarcane, and maize.
Murunga Family
Net worth: Ksh 10 billion
The richest Kikuyu family in Kenya is the Murunga family. They made their fortune through various businesses such as transport, real estate, etc. The patriarch of the family was a powerful minister in the government of Daniel Arap Moi.
Ndegwa Family
Net worth: Ksh 10 billion
The richest Luo family in Kenya is the Ndegwa Family. They made their wealth through banking, insurance, and real estate industries among others. The main shareholder of NIC Bank Gideon Muriuki also has vast interests in media, hospitality, etc across various countries including Tanzania, Rwanda, and South Africa.
Raila Odinga
Net worth: Ksh 70 billion
The opposition leader Raila Odinga is one of the richest men in Kenya. He made his fortune through various businesses such as transport, media, and oil. His company Oak Commercial Bank was closed down by the government but he still has other interests across different industries.
Kenya is a country with vast economic potential. Despite this, the majority of its wealth is concentrated in the hands of a few families. This article has highlighted the top 10 richest families in Kenya and their sources of wealth. It is hoped that as more Kenyans become aware of who these wealthy individuals are, they will be inspired to create businesses and tap into the country’s great potential.
