Top 9 Millionaires in Kenya

 

Amazingly, these young Kenyans are not only bagging awards; they are making millions in the process. The figures might not be available in all cases but the young people are undeniably making ripples in the business world. Here are some of the leading lights in business, technology and innovation.

1. Cosmas Ochieng, 26 – Founder Ecofuels
Cosmas Ochieng is largely credited for the success of Eco Fuels Kenya. This is a large enterprise producing organic fertilizers, bio-fuel and health products. He is also the Director of Operations while co-founder Alan Paul is the Managing Director.In 2012, Village Capital and Growth Africa invested heavily in the company. Consequently, the pair was named by Forbes in their 2013 feature ‘30 Under 30 Innovators and Entrepreneurs’. The company is in its second year of operation with plans of penetrating East Africa and the rest of Africa.

2. Mark Kaigwa, 25 – Partner, Afroinnovator
Mark Kaigwa is a much-travelled and recognized young IT guru. His most notable contributions have been in the business sector, helping businessmen harness the power of technology to do better business. Afroinnovator has been lauded by the CNN as one of the top blogs on the African continent. Kaigwa was named by Forbes in 2013 among the ‘30 Under 30 Innovators and Entrepreneurs’ of note.

3. Heshan Da Silva, 25 – Founder VenCap Kenya

Heshan is the more recognizable young multi-millionaire figure in Kenya and VenCap has assisted many startups to source capital for their businesses in Kenya. Da Silva sold his first company for a whopping Ksh 122 million. His amazing business prowess has astounded many with the proof that one can achieve a lot without a university degree. He has been listed by Forbes among Africa’s youngest entrepreneurs to watch.

4. Eric Muthomi, 26 – Founder- Stawi Foods and Fruits

A graduate of the United States International Univerity, Muthomi capitalized on the consumer demand for healthier cheaper foods. His business success has seen the company bag numerous recognitions such as: the Enablis Chase Bank ILO Business Plan Competition (2011), Nature Challenge (2011) and Hamsini Awards (2013).

5. Joel Mwale, 20 –Founder SkyDrop Enterprises

He made about Ksh 42.5 million when he was just aged 19 from the sale of his firm to an Israeli company. Young Mwale through SkyDrop Enterprises has assisted many people in his home town Kitale gain access to clean, affordable drinking water. The entrepreneur is now internationally recognised and has won many accolades including: Anzisha Prize for Youth Leadership in 2011 and Zeitgeist Young Minds Award the following year in 2012.

6. Mike Muthiga, 26 – Founder Fatboy Animations

If you are familiar with Faiba adverts then you know what Muthiga’s genius can amount to. He is also behind Safaricom’s Juma (Mazgwembe) commercials. Mike holds a degree in Civil Engineering but has done a marvelous job in animation; a feat he was able to accomplish when he was as young as 17 years of age. Tinga Tinga Tales on Citizen TV also forms part of his resume. The Faiba advert alone netted him a reportedly 3.5 million fortune.

7. Lorna Rutto, 28 – Founder, EcoPost

Lorna founded EcoPost in 2009having quit her job at a local bank. Her company that recycles waste plastics and converts them into durable fencing posts among other commodities has managed to generate 300 jobs and in the process earned Ksh 10.43 million or 120,000 US Dollars. For her environment conservation efforts, she was feted by Enablis in 2009. She has won several other awards since then. Lorna is an Accountant by profession.

8. Antony Mwaura, 24 – Dreamlt Computing Technology

Simply referred to as Tonnie, the young entrepreneur holds vast skills in IT and has mastered the art of turning ideas into reality. In 2010, he founded Deamlt Computing Technology. He however, has been working for Metrocomia East Africa as a Web programmer/ Developer since 2011. He holds a Higher Diploma in IT and has won awards for his innovations such as the Outstanding Developer of the Year Award, 2012.

9. Evans Wadongo, 27-Director of Operations, SDFA Kenya

Evans holds a bachelors degree from the Jomo Kenyatta University of Agriculture and Technology. He is testimony that great difficulties mould great men. As a child, he walked close to ten kilometers to school but rose to recognition by among other organizations, the CNN. In 2006, he joined the Sustainable Development For All-Kenya (SDFA Kenya). Evans was featured in CNN’s ‘Top Ten Heroes of 2010’. He was also recognized as one of the most influential African entrepreneurs under 30 by Forbes.

32 Kenyan billionaires revealed by knight frank

A very good evening and welcome to Cajun

business my name is abby Agena, now we

start with a story that will leave quite

a number of billionaires trying to

figure out how they made it well. What

would you do with the 9 billion

shillings, this is the question that you

need to find out invest in land by a

company well there are 32 Kenyans today

whom this question is not just a fantasy

it is a fact of life they are ultra

high-net-worth individuals ,living in our

midst and if the latest wealth report by

the night Frank is anything to go by the

number could double by 2020 for kittens.

Adelaide Chango Lee has more

according to the fifth installment.

The Wealth Report

kanae is home to 115 out to reach

individuals with a net worth of more

than 30 million dollars or 2.7 six

billion shillings and thirty two people

from this list across their hundred

million dollar mark and I was at least

nine billion shillings there is more,

welfare and well-being created in more

different locations you know is drawing,

in the demands of luxury property with

the expected economic boom brought about

by infrastructure developments and the

rising foreign inflows into the country

the number of ultra-rich Kenyans is

expected to shoot up by 82 percent to

209 over the next ten years this is much

faster than the growth in South Africa

in Uganda but slogan Tenzin is 110

percent jump to 156 ultra rich,

individuals by 2024 as a number of

wealthy Kenyans and Africans increase it

raises the stakes in the local property

market which is a world's primary

investment of choice for the wealthy.

I can't tell you exactly what will

happen in terms of capital gains in

terms of v80 in terms of exemptions and

so on and so forth but until we get

clarity on those issues then we're going

to see people reluctant to to transact

but it is not just the rich will benefit

from the obscene in the economy

according to the report I think I will

triple the number of people in the

middle class by 2030 a fact that is,

already pulling luxury goods makers to

customise their product for the

distinctly different African markets

rolls-royce introducing luxury SUVs to

keep the reins and places as perhaps a

few more potholes and some of the other

markets so what is the biggest concern

for this ultra wealthy individuals taxes

goods are much more in where home is

held captive for Kenyan investors the

worry is a recent reintroduction of the

capital gains tax on the sale of

properties and shares in the market the

cost of transaction has an implication

on the value of the asset itself so if

you don't know what the cause the cost

of the transaction is then you don't

know what implication that has on the

value so people are holding off until

there is more clarity another huge

concern for the ultra-wealthy involve

succession plans specifically how to

ensure their descendants do not waste

their reaches on frivolities and how to

ensure their legacies leave on second

generation wealthy score about 30

percent of the wealth of their homes has

made the third generation pretty much

blow it all so it's really so we all

deserve my net worth individuals however

often they're well successfully idly ,

keychain business.

https://youtu.be/rhXk9ee68PU