Forbes: Uhuru Kenyatta Is No Longer Kenya’s Richest Man

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Uhuru Kenyatta has not been included in this year’s Forbes 40 Richest Africans list. The deputy prime minister was last year listed at number 26 on the list, with a net worth of $ 500 million, with land given as the main source of the wealth.

This was the description Forbes gave then.

Kenya’s Deputy Prime Minister Uhuru Kenyatta is the son of Kenya’s first president, Jomo Kenyatta, and heir to some of the largest land holdings in Kenya. He owns at least 500,000 acres of prime land spread across the country. The land was acquired by his father in the 1960s and 1970s when the British colonial government and the World Bank funded a settlement transfer fund scheme that enabled government officials and wealthy Kenyans to acquire land from the British at very low prices. Uhuru and his family also own Brookside Dairies, Kenya’s largest dairy company, as well as stakes in popular television station K24 and a commercial bank in Nairobi, among other interests. 

Last year’s list was compiled in consultation with journalist Larry Madowo, who came under attack for what people believed was misleading the magazine that Uhuru owned all of Kenyatta family assets. This year, Forbes looked for an alternative source of information, and they settled on ‘Who Owns Kenya’ presenter Julie Gichuru.
This year, they’ve made a complete turnaround by dropping off Uhuru Kenyatta from the list, for reasons that they are not sure what is his and what is his family’s. This is what they wrote.

                                 Uhuru Kenyatta, Kenya
                                  Source of wealth: Land
The son of Kenya’s first president, Mzee Jomo Kenyatta is a heir to some of the largest land holdings in Kenya. The Kenyatta family of which he is a key member, owns over 500,000 acres of prime Kenyan land, along with other assets such as a stake in the Commercial Bank of Africa, a dairy company and a television station. He dropped off due to uncertainty over who in his family is the chief custodian of the vast land holdings.

Manu Chandaria has also not been included in the list because his, is a family business, believed to be owned by several family members. Chris Kirubi who was number 31 last year, failed to meet the cut this year.  Naushad Merali, the businessman behind Sameer Group of company is the only Kenyan listed, effectively making him the richest Kenyan, according to Forbes.
Below is the full list of Africa’s 40 Riches People in 2012.

 NAME

Worth $mil

           Age

1

 Aliko Dangote

$12,000                55
2

Nicky Oppenheimer  family

$6,400                67
3

Johann Rupert family                      

$5,700                62
4

Nassef Sawiris

$5,500                51
5

Mike Adenuga

$4,600                59
6

Christoffel Wiese

$3,700                71
7

Othman Benjelloun

$2,750                80
8

Patrice Motsepe

$2,650                50
9

Naguib Sawiris

$2,500                58
10

Mohamed Mansour

$2,200                64
11

Onsi Sawiris               

                        $2,170                            82
12

Miloud Chaabi

                        $2,100                  83
13

Yasseen Mansour

                        $2,000              51
14

Youssef Mansour

                        $1,950              67
15

Desmond Sacco

                       $1,400              70
16

Anas Sefrioui

                       $1,350              55
17

Stephen Saad

                        $975              48
18

Sudhir Ruparelia

                        $900              56
19

Jim Ovia

                        $825              58
20

Shafik Gabr

                        $720              60
21

Abdulsamad Rabiu                       

    $675 -
21

Cyril Ramaphosa

    $675                     60
23

Lauritz (Laurie) Dippenaar

    $625                                64
24

Folorunsho Alakija

    $600                     61
24

Theophilus Danjuma

    $600                     73
26

Oba Otudeko

    $575                     68
27

Raymond Ackerman

    $550                     81
27

Mohammed Indimi

    $550                     64
29

Samih Sawiris

    $525                     55
30

Said Salim Bakhresa

    $520                     63
31

Isabel dos Santos                              

$500                                39
31

Moulay Hafid Elalamy

$500 52
31

O.B. Lulu-Briggs

$500                      82
34

Alami Lazraq

$490 62
35

Gerrit Thomas (GT) Ferreira

$480 64
36

Koos Bekker

$450 59
37

Sani Bello

$425 69
38

Jannie Mouton

$415 65
39

Naushad Merali

$410 61
40

Hakeem Belo-Osagie

$400 57
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