Kenya’s economic narrative in 2024 was one of dynamic opportunity and notable transformation, shaped by growth spurts in key sectors, strategic reforms, and bold infrastructure initiatives.
Here’s an updated and more accurate overview of Kenya’s richest people around 2024–2025, based on reliable sources:
Top Wealthiest Individuals & Families (2024)
1. Moi Family — US $3.0 billion
Diversified empire across banking (First American, Equatorial), media (KTN), real estate, education, and agriculture.
- Kenyatta Family — US $2.5 billion
Major holdings in Brookside Dairy, NCBA Bank, real estate and education (Peponi School), plus massive land assets.
- Chandaria Family (Manu Chandaria) — US $1.7 billion
Leader of the global Comcraft Group (steel, aluminum, plastics), with footprints in over 40 countries.
- Philip Ndegwa Family — US $1.6–1.8 billion
Centered on banking (NCBA), insurance (ICEA Lion), and Nairobi real estate.
- Biwott Family — US $1.1 billion
Assets include Yaya Centre, Air Kenya, and extensive real estate.
- Sameer Merali — US $0.8–1.4 billion
Heir to Naushad Merali; controls Sameer Group (industrial, agro, telecom via Airtel stake).
- Bhimji Depar Shah & Vimal Shah — US $1.1–1.7 billion
Founders of Bidco Africa (edible oils, soaps, FMCG), with Bhimji at ~US $1.2B and Vimal around US $1.1B.
- Narendra “Guru” Raval — US $0.95–1.5 billion
Executive chairman of Devki Group (cement, steel, aluminum), with strong philanthropic ties.
- Peter Munga — US $0.8 billion
Founder of Equity Bank; stakes in agriculture and insurance.
- Chris Kirubi’s Estate (Mary-Ann Musangi) — US $0.7–1.1 billion
Inherited diversified holdings in Centum, real estate (Two Rivers Mall), media (Capital FM, K24).
Ranked List Summary
1 Moi Family – $3.0 bn Banking, media, education, real estate, agri‑commerce
2 Kenyatta Family – $2.5 bn Dairy, banking, real estate, education, land
3 Chandaria Family – $1.7 bn Manufacturing (Comcraft: steel, aluminum, plastics)
4 Philip Ndegwa Family – $1.6 bn Banking, insurance, real estate
5 Biwott Family – $1.1 bn Real estate, aviation, retail
6 Sameer Merali – $0.8–1.4 bn Manufacturing, telecom, agro‑biz
7 Bhimji & Vimal Shah – $1.1–1.7 bn FMCG manufacturing
8 Narendra Raval (“Guru”) – $0.95–1.5 bn Cement, steel, aluminum manufacturing
9 Peter Munga – $0.8 bn Banking, agriculture
10 Chris Kirubi Estate (M. Musangi) – $0.7–1.1 bn Real estate, media, investments
Summary
There’s broad consensus that Kenya’s richest are:
Wealth dynasties (Moi, Kenyatta, Ndegwa) dominating banking, land, media, and education.
Industrial titans (Chandaria, Merali, Bidco, Devki) thriving in manufacturing.
Banking pioneers (Munga, Mwangi) from Equity Group.
Media/retail leaders (Kirubi’s legacy).
