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The untold story of Kenya’s richest and most private billionaires who hate the limelight

by Paul Nyongesa
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In Kenya, the rich are not hard to spot, they drive flashy cars, frequent high-end clubs and live in expensive neighborhoods. However, there are ultra-rich individuals who prefer to keep a low profile and not flaunt their wealth on social media platforms.

Here are ten of the silent billionaires in Kenya:

Mike Maina Kamau is a Nairobi investor who came into the public spotlight after Nairobi Governor Mike Sonko hurled insults at him following the demolition of houses on his land in Nyama Villa in Kayole. The court ruled in favor of Muthithi Investments Limited, which is owned by Mr. Kamau, and awarded him compensation of kes 847,277,351 for the demolition of his Nairobi Spring Valley home.

Josephat Mwaura, the former CEO of KPMG East Africa, is another billionaire who few Kenyans know. He was listed by the Kenya Revenue Authority as one of the top taxpayers in the country.

Gitahi Gachahi, the outgoing CEO of Ernst & Young (EY), does not have the flamboyance associated with the young and rich. However, he is one of the very few Kenyans who earn an annual salary of between kes 350 million and Sh1 billion according to KRA.

Philip Kinisu, the former chairman of the Ethics Anti-Corruption Commission (EACC), makes the league of billionaires in Kenya. He resigned from the EACC in 2016 after being accused of partaking in the NYS cookie jar.

Paul Ndung’u is the ex-Sportpesa chairman and the fourth largest shareholder in the firm. He is also a shareholder and a non-executive director of Life Care Medics, a company that has won a number of controversial tenders.

Andrew Ndegwa, an Oxford University alumnus, is another little-known billionaire. His share at NIC was worth kes 1.1 billion.

Lucy Mwiti, Faith Mwikali, Wacera Maina, and Jane Wanjiru Michuki are the other silent billionaires in Kenya.

In conclusion, while there are Kenyans who flaunt their wealth, there are others who prefer to keep a low profile. These ten silent billionaires in Kenya have made their fortunes quietly and have not attracted the public attention that their flashy counterparts have.

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