Uhuru Kenyatta among 40 richest Africans-Forbes
Finance minister Uhuru Kenyatta who turned 50 early this month is ranked 26th among the richest people in Africa in a new survey released by Forbes magazine.
Business tycoon Chris Kirubi is ranked 31 making the two join the elite club of top 40 billionaires in Africa. The two are the only billionaires ranked from East Africa by the respected magazine.
Uhuru who is also Kenya’s Deputy Prime minister is said to be worth $500m(my small calculator has failed to calculate the equivalent in Kenya shillings). Chris Kirubi who is the proprietor of Capital Fm has a net worth of $300.
Nigerian commodities titan Aliko Dangote is ranked the richest man in Africa with a net worth of $10,100. Aliko is also Africa’s cement king with companies spread in Cameroon,Zambia,Senegal and Tanzania.
South Africa’s Nicky Oppenheimer,66, who deals in diamonds is ranked second with a net worth of $6.5m.
Egypt’s Nassef Sawiris who runs Orascom Construction Industries is ranked third richest man in Africa with a net worth of $4.7m.
Forbes describe Uhuru’s wealth as coming from large chunks of land: “He owns at least 500,000 acres of prime land spread across the country. The land was acquired by his father in the 1960s and 1970s when the British colonial government and the World Bank funded a settlement transfer fund scheme that enabled government officials and wealthy Kenyans to acquire land from the British at very low prices,” says Forbes.
Forbes says Uhuru and his family also own Brookside Dairies, Kenya’s largest dairy company, as well as stakes in popular television station K24 and a commercial bank in Nairobi(CBA), among other interests.
Chris Kirubi wealth is said to come from real estate. Kirubi owns International House building,a landmark building in Nairobi.
Other assets include a 49% stake in Haco Tiger Industries, which manufactures consumer products; a controlling stake in Centum, a Nairobi Stock Exchange-listed private equity firm; UAP Insurance, one of Kenya’s largest insurance companies and Sandvik East Africa, a Kenyan construction firm.
Kirubi also owns the DHL Franchise in Kenya, and Capital FM.