The wealthiest families in Kenya have a rich political background. Political power and money seem to be entwined if the recently released report on Kenya’s wealthiest families by a British firm is anything to go by. Here is the list of families that are considered centi-millionaire and virtually control 50 percent of Kenya’s wealth.
8. The Michuki Family
The late John Michuki who served in the Kibaki administration in several different ministerial portfolios is worth between $30 million and $100 million (Ksh 2.58 Billion – 8.6 Billion). His interest range from tourism to agriculture and real estate.
7. The Nyachae Family
Simeon Nyachae was the undisputed king of Kisii during the Moi reign. The seasoned politician who served as a chief secretary, provincial administrator and cabinet minister has invested in transport, agriculture, banking and logistics and is reported to own ranches in Zimbabwe, Australia and South Africa.
6. The Saitoti Family
The late Prof George Saitoti, the longest serving vice president during Moi’s reign, invested in real estate, horticulture, the hotel industry and tourism. His wealth is estimated to be between $30 million to $100 million (Ksh 2.58 Billion – 8.6 Billion). Saitoti died in a helicopter crash in 2012, but his family still benefits from his investments today...
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