Uhuru Kenyatta Family’s Wealth and List Of Businesses

(Last Updated On: May 3, 2014)

uhuru kenyatta

Many have claimed Uhuru Kenyatta is Africa’s richest president with an estimated net worth of over $500 million. Most of his wealth is under his family name.

So what does the Kenyatta family own?

1. LAND

land

The Kenyatta family owns very large pieces of land thanks to the late first president of Kenya, Jomo Kenyatta. The land is around 500,000 acres of prime land in various parts of Kenya. Most of it is under large scale farming.

2. HERITAGE HOTELS

Heritage Hotels has many hotels and recreational facilities under it. They are:

i) Great Rift Valley Lodge

grvl

This is a prestigious hotel located 24km from Naivasha town. Most politicians and upper class people frequently visit the place. It has an 18 hole championship golf course, its own airstrip and a perfect view of nature. You will also find swimming pools, cycling/jogging paths, tennis courts, restaurants and if you are a fan of bush breakfast, you will get some here.

ii) Camps

Mara Explorer, Voyager Ziwani, Samburu Intrepid, Mara Intrepid.

iii) Beach Hotels

Voyeger Beach Resort in Mombasa and Kipunguani Explorer in Lamu

 

3. BROOKSIDE DIARIES

brookside

Brookside acquired Molo Milk brand for ksh1.1 billion and this led to the company having a market share of around 55 per cent of the milk market in Kenya. The company is expanding into Ethiopia by wanting to acquire 20 per cent of Elemtu Diary. It is also trying to set foot into Nigeria, the most populated country in Africa with a population of around 150 million people. Brookside also owns Tuzo and Ilara.

4. COMMERCIAL BANK OF AFRICA. (CBA)

cba

This is a mid-tier bank in Kenya mainly focused on corporate banking and banking for the high net worth individuals in Kenya. The bank plans to expand into 10 different markets such as Malawi, Botswana and Rwanda. Its asset base is over sh100 billion. It launched a joint micro-loans and savings service with Safaricom and M-Shwari.

5. MEDIAMAX GROUP

k241

The Kenyatta family have also set foot in the media industry through Mediamax Group which owns K24 TV, Kameme FM and The People Daily. They do through have a small market share.

OTHER VENTURES

Some of the Kenyatta family businesses are kept secret away from the public eye. The family has been linked to Beta Healthcare (Pharmaceutical firm), Timsales Holdings (Timber firm), commercial buildings, Peponi school (school for the high net worth families in Kenya. They charge as high as ksh620,000 per term for each child), Chartis/AIG insurance and many other ventures.

 

  • Sarah Sein

    Do you think its wise to have excess while about 60% of other kenyans have little or nothing…
    the people of Kenya belong to Kenya. why then do you throw them out of government land..??
    where do you want them to go??
    you have thousands of acres of land and you still are chasing Kenyans away and taking the little they have.
    do you think God above is happy with what you do or how you treat Kenyans..??
    He said that the rich should use their riches to glorify Gods name by helping the needy.
    what do you do instead.??
    You oppress them misuse persecute them and treat them like garbage..
    You think its their fault to be how they are..???
    NOOO!!
    Everyone would want t
    o be rich but nature was created like human fingers..we cannot be all equal.