The following is a list of Kenya's richest. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine.
Kenya is the largest economy in the East African Community, the 3rd largest economy in Sub-Saharan Africa, with a gross domestic product of US$120.87 billion as of 2020 [1] up from US$70.539 billion in 2017. [2] Kenya ranks behind only South Africa and Nigeria in GDP rankings of Sub-Saharan African countries. [1]
| Rank in Kenya | Name | Age | Citizenship | Net worth (USD) | Sources of wealth | Rank in Africa |
|---|---|---|---|---|---|---|
| 1 [3] | Bhimji Depar Shah and family | 83 |  Kenya | 0.7 Billion [3] | Food Processing: (Bidco Africa) | 31 [3] |
| 2 [4] | Narendra Raval [4] | 58 | Kenya | 0.4 Billion [4] | Steel & Cement: (Devki Group, NCCL) | 46 [4] |
| 3 [5] | Naushad Merali | 64 | Kenya | 0.37 Billion [5] | Diversified: (Sameer Group, Airtel Kenya) | 48 [5] |
| Rank in Kenya | Name | Age | Citizenship | Net worth (USD) | Sources of wealth | Rank in Africa |
|---|---|---|---|---|---|---|
| 1 [6] | Bhimji Depar Shah and family | 83 | Kenya | 0.7 Billion [6] | Food Processing: (Bidco Africa) | 33 |
| 2 [5] | Naushad Merali | 63 | Kenya | 0.55 Billion [5] | Diversified: (Sameer Group, Airtel Kenya) |
| Rank in Kenya | Name | Age | Citizenship | Net worth (USD) | Sources of wealth | Rank in Africa |
|---|---|---|---|---|---|---|
| 1 [7] | Vimal Shah and family | 60 | Kenya | 1.6 Billion [7] | Food Processing: (Bidco Africa) | 18 [7] |
| 2 [5] | Naushad Merali | 62 | Kenya | 0.43 Billion [5] | Diversified: (Sameer Group, Airtel Kenya) |
| Rank in Kenya | Name | Age | Citizenship | Net worth (USD) | Sources of wealth | Rank in Africa |
|---|---|---|---|---|---|---|
| 1 [5] | Naushad Merali | 61 | Kenya | 0.41 Billion [5] | Diversified: (Sameer Group, Airtel Kenya) |
| Rank in Kenya | Name | Age | Citizenship | Net worth (USD) | Sources of wealth | Rank in Africa |
|---|---|---|---|---|---|---|
| 1 [8] | Uhuru Kenyatta and family | 50 | Kenya | 0.6 Billion [8] | Diversified: (Brookside, NCBA, Land holdings among other businesses) | 26 [9] |
| 2 [10] | Chris Kirubi | 71 | Kenya | 0.3 Billion [10] | Diversified: (Real estate holdings, Capital FM, Centum among other businesses) | 31 [10] |
| 3 [8] | Naushad Merali | 60 | Kenya | 0.21 Billion [11] | Diversified: (Sameer Group, Airtel Kenya) | 33 [8] |
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Black billionaires are individuals who are of predominantly African ancestry with a net worth of at least US$1 billion.
Rostam Abdulrasul Azizi is a self-made Tanzanian billionaire, business magnate, economist and former politician. In 2013, according to Forbes Magazine he was the first Tanzanian dollar billionaire with a net worth of over 1 billion dollars, and according to Henley & Partners Africa wealth report 2022, and was only dollar billionaire in East Africa.
Mohammed "Mo" Gulamabbas Dewji is a Tanzanian billionaire businessman and former politician. He is the owner of MeTL Group, a Tanzanian conglomerate founded by his father in the 1970s. Dewji served as Member of the Tanzanian Parliament for Chama Cha Mapinduzi (CCM) from 2005 to 2015 for his home town of Singida. As of October 2022, Dewji has an estimated net worth of US$1.5 billion, Africa's 17th richest person and youngest billionaire. Dewji was the first Tanzanian on the cover of Forbes magazine, in 2013.
Aliko Dangote is a Nigerian businessman and industrialist. He is best known as the founder, chairman, and CEO of the Dangote Group, the largest industrial conglomerate in West Africa. The Bloomberg Billionaires Index estimated his net worth at $17.8 billion in June 2023, making him the richest person in Africa, the world's richest black person, and the world's 94th richest person overall.
The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote. It is the largest conglomerate in West Africa and one of the largest on the African continent. The group employs more than 30,000 people, generating revenue in excess of US$4.1 billion in 2017.
The Ruparelia Group of Companies, commonly referred to as the Ruparelia Group, is a privately owned conglomerate in Uganda. Sudhir Ruparelia, a wealthy Ugandan businessman, is a shareholder in each of the companies in the Group.
Naushad N. Merali, CBS was the founder of the Kenyan mobile service provider Kencell along with French media giant Vivendi. Merali became famous in an almost folk tale for a corporate boardroom manoeuvre that earned him a $20million dollar profit in one hour thanks to pre-emptive rights of his stake in private Telecom company Kencell Kenya in 2004. He attended Highway Secondary School in the suburbs of Nairobi, Kenya. As one of Kenya's leading industrialists, Merali brought commercial development in Kenya for more than 30 years and was constantly expanding his businesses throughout East Africa.
Christopher John Kirubi, born in Murang'a county, was a Kenyan businessman, entrepreneur, and industrialist. He was a director at Centum Investment Company, a business conglomerate, of which he was the largest individual shareholder.
Abdul Samad Isyaku Rabiu is a Nigerian billionaire businessman and philanthropist. His late father, Khalifah Isyaku Rabiu, was one of Nigeria's foremost industrialists in the 1970s and 1980s. Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture and producing a revenue in excess of $2.5 billion. He is also the chairman of the Nigerian Bank of Industry (BOI).
Vimal Shah is a businessman, entrepreneur, mentor and industrialist in Kenya, the largest economy in the East African Community. He is the Chairman of Bidco Africa and is responsible for the company's growth into new markets and product Bidco is a business conglomerate involved in the manufacture of edible oil, detergents, soaps, margarine and baking powder. He is reported to be one of the wealthiest individuals in Kenya.
Bhimji Depar Shah, is a Kenyan businessman, industrialist and entrepreneur. He is the founder and current chair of BIDCO Group of Companies, a Kenya-based, family-owned manufacturing conglomerate with businesses in 13 African countries.
Bidco Africa, previously Bidco Oil Refineries Limited (BORL), is a multinational consumer goods company headquartered in Thika, Kenya with subsidiaries and distributorships across 17 countries in East Africa, Central Africa, and Southern Africa. Its products include edible oils, fats, margarine, laundry bars and detergents, personal care products, animal feeds and most recently, Food and Beverages. Bidco Africa owns over 40 brands and is the largest producer and marketer of consumer goods in the region.
Brookside Dairy Limited, often referred to as Brookside Dairies, is a dairy processing company in Kenya, the largest economy in the East African Community. The company offers fresh pasteurized milk, cream, butter, yogurt, ghee, and long life milk products in Indian Ocean Islands, East Africa, Rwanda and Burundi. It provides products through distribution depots, agents, and sub agents to outlets in East Africa.
Bakhresa Group is an industrial conglomerate based in Tanzania, East Africa. Owned by an entrepreneur and Tanzanian billionaire Muhhamad Mohhamad Mohhamed, the business is one of the largest in the region.
Narendra Raval is a Kenyan industrialist, entrepreneur and philanthropist of Indian Gujarati origin. Raval serves as the Executive Chairman of the Devki Group of Companies, a conglomerate in East Africa that manufactures steel, aluminum and cement.
The Devki Group of Companies, commonly referred to as the Devki Group, is a privately owned conglomerate in Kenya. Narendra Raval, a wealthy Kenyan industrialist and philanthropist is a majority shareholder in each of the companies in the Group. The majority of the companies in the group focus on the manufacturing of building materials, including cement, aluminum and steel. The group has subsidiaries in Kenya, Uganda and the Democratic Republic of the Congo.