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

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.

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. 

                                 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.