List of Richest People from Nyanza Region, Their Businesses and Properties
- The Nyanza region has produced a few Kenyan billionaires who have invested in diverse businesses and hold significant properties
- Former prime minister Raila Odinga revealed his estimated net worth and noted he does not consider himself rich
- Benard Odote is one of the quiet Kenyan billionaires who run enterprises worth millions of shillings behind the scenes
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TUKO.co.ke journalist Japhet Ruto has over eight years of experience in financial, business, and technology reporting and offers deep insights into Kenyan and global economic trends.
The Nyanza region is home to some of Kenya's wealthy individuals.
Source: Twitter
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Among them is former prime minister Raila Odinga, who has ventured into the oil and gas industry and other sectors of the economy.
Gor Semelang’o, a flamboyant entrepreneur, has investments in real estate, oil, media, and tourism.
On the other hand, former Nairobi governor Evans Kidero holds valuable real estate, including apartments in Nairobi, fetching high rents and buildings in Kisumu.
Who are the richest people from Nyanza?
Below is the list in no particular order.
1. Benard Odote
Benard Odote is one of the quiet Kenyan billionaires who run enterprises worth millions of shillings behind the scenes.
Odote is the proprietor of the Odote Group of Companies, which has several companies under its umbrella.
The group has investments in procurement, agri-tech, energy, finance, automotive, logistics, healthcare, and retail.
Odote touts himself as a visionary entrepreneur who is transforming industries.
"With unwavering focus and relentless drive, I will break barriers, shatter limits and rise to unimaginable heights," he stated on his website.
2. Evans Kidero
The Ethics and Anti-Corruption Commission (EACC) revealed that the former Nairobi governor, who hails from Homa Bay county, owns properties and businesses valued at over KSh 9 billion.
Source: Facebook
Kidero's Yala Towers is valued at KSh 1.2 billion and is situated on Biashara Street in Nairobi.
He has 50 rental properties on Riara Road that are worth KSh 1 billion, and Gemsuite Apartments are worth the same.
His Gem executive flats are valued at KSh 700 million.
Kidero also owns four houses in the posh Nyari Estate, Nairobi, valued at KSh 800 million.
The politician's KSh 300 million mansion is situated on a half-acre plot of property in the upscale Muthaiga neighbourhood.
However, Kidero dismissed the claims, stating that his wealth is worth KSh 563 million, as reported by the Daily Nation.
3. Raila Odinga
With nearly 40 years of experience, former prime minister Raila Odinga is a seasoned politician.
The ODM leader made his fortune from land, oil and gas, politics, and other endeavours.
He has multimillion-shilling houses in Karen, Mombasa, Siaya, and Kisumu, and owns the East Africa Spectre. The company deals with Liquefied Petroleum Gas (LPG).
The former prime minister's family controls a 35% stake in Be Energy, an oil marketing firm.
Raila previously revealed he is worth KSh 2 billion.
He disclosed that his Karen home is valued at KSh 300 million.
"I am worth about KSh 2 billion. I am not very, very rich as some people say," he stated.
4. Gor Semelang'o
Gor Semelang'o, a Kenyan businessman, frequently flaunts his wealth and lives life in the fast lane.
Kenyans have taken notice of his wealth, from wearing pricey watches costing over KSh 500,000 to giving his son a Ford Mustang worth KSh 4 million.
Through Petrokenya Oil Company Limited, the businessman is one of the investors in the oil marketing business.
He is the company's founder and the managing director, according to his LinkedIn profile.
In an interview with Dr King'ori, he revealed that he had made real estate investments.
He also owns Talanta Media and lives in a palatial residence.
5. Nyachae's family
Simeon Nyachae, a former Cabinet minister during the Moi administration, passed away at the Nairobi Hospital in February 2021.
According to Billionaires Africa, during his tenure in government from 1963 to 2007, the former Ford People leader amassed more than KSh 2 billion in wealth, including Credit Bank.
He appointed his children, Charles Nyachae, Angela Nyarangi, and Erick Maina as the executors and administrators of his estate.
Who are the richest people in the Rift Valley?
In other news, there are several billionaires in the Rift Valley who run a variety of businesses, such as IT companies and agricultural organisations.
The Moi family, Joshua Chepkwony, David Lang'at, and President William Ruto are a few of the prominent, wealthy people from the region.
Joshua Kipchumba Chepkwony, also known as CK Joshua, is the founder and chairman of Kass Media Group and Jamii Telecommunications Ltd.
Source: TUKO.co.ke
