The major way to note down wealth in one family is to realize that if they stopped working today, they have enough to keep 5 to 6 generations down the line in good shape. As a matter of fact, most of them are currently enjoying the fruits of their forefathers who labored almost 80 years ago. This is the case with majority of the families that we are going to list. Below is a list of top 10 richest families in Kenya and their net worth 2020.
1. The Daniel Arap Moi Family
This family stands as the richest family in not only Kenya but also the West and Central Africa. They have their wealth and investment projects spread neatly across the globe. They are the second largest land owners in Kenya after the Kenyatta Family.
Some of their investments include Safariland club, Asian roses, Concord Holdings, Giro Bank, Reagent Management, Mugoya Constructions, Kabarak University and Moi High school just to name a few. This makes the Moi family among the richest families in Kenya. Their net worth is approximately $3.5 billion.
2. The Kenyatta Family
This is the family of the first president of the Republic of Kenya. They are the largest land owners in Kenya. They have huge investments in countries such as Germany, the United States and France. Some of the companies they own include Brookside, Commercial Bank of Africa, Village Market and Peponi school. However, the list is endless. This family’s net worth is approximately $ 3 billion.
3. The Manu Chandaria Family
This family’s wealth has picked up from a small store investment in 1916. The store has grown massively over the years to the current day Comicraft company which is an Aluminium ware production company. The family’s wealth has grown and they have now invested widely in many sectors of the economy, employing over 45,000 people in four different continents. The family is also known to have a good heart since they launched the Chandaria Foundation. Its net worth is approximately $2.8 billion.
4. Nicholas Biwott Family
Nicholas Biwott is one very hardworking entrepreneur. The family has been able to heavily invest in real estate, entrepreneurship, tourism and mining. The family has a big ranch in Australia and the largest hostels in Israel. They also own Yaya Centre and Livia Limited. The family’s net worth is approximately $2.3 billion.
5. The Raila Odinga Family
This family has been able to widely invest in various sectors of the economy such as real estate and tourism. Some of their companies include the Pan African Petroleum Industrial Services Limited and the East Africa Spectre Limited. Their net worth is about $2.3 billion.
6. The Charles Njonjo Family
Charles Njonjo is a retired Attorney General of Kenya. Some of his investments include CFC Stanbic Bank, Sankara, Barclay’s Bank, CMC Holdings and Alico Insurance. The family’s net worth is approximately $1.8 billion.
7. The Joshua Kulei Family
He was Moi’s Personal Assistant. Some of his investments include Ngata Flowers farm, Sian Roses, CFC Bank, Trade World Kenya and Bamburi Cement. The family’s net worth is approximately $1.5 billion.
8. The Simeon Nyachae Family
This family owns the largest ranch in Australia. They have widely invested in different sectors such as agriculture, banking, insurance and transport. Its net worth is approximately $1.3 billion.
9. Phillip Ndengwa’s Family
This family has widely invested in sectors such as agriculture, industry, banking and transport. Its net worth is approximately $1.2 billion.
10. S.K. Macharia Family
S.K. Macharia is a businessman who has been able to widely invest in sectors such as transport, banking, telecommunication and real estate. The family’s net worth is approximately $1.15 billion.