Glusea brings to you Chris Kirubi net worth
Christopher John Kirubi is a Kenyan businessman, entrepreneur, and industrialist. He is a director at Centum Investment Company, a business conglomerate, in which he is the largest individual shareholder.
Keep reading to find more information about Chris Kirubi net worth
Chris Kirubi Profile
Chris Kirubi was born in a poor family. Both of his parents died when he was very young. He began work while still in school, working during school holidays to support himself and his siblings. Upon graduation, his first job was as salesman, selling and repairing gas cylinders for Shell, the petroleum conglomerate.
Chris Kirubi Net Worth
During the 1960s and early 1970s, Kirubi worked as an Administrator at Kenatco, a government-owned transportation company. Starting around 1971, he began buying run-down buildings in the cities of Nairobi and Mombasa, renovating them and either selling the renovated structures or renting them out. He also began acquiring strategic pieces of land in and around Nairobi, and proceeded to erect rental residential and commercial properties on them, using loans from Kenyan financial institutions.
Chris Kirubi Investments
Kirubi’s investments include but are not limited to the following: (1) Centum Investment Company: Chris Kirubi is the largest single investor in the company, whose stock is listed on both the Nairobi Stock Exchange and on the Uganda Securities Exchange.
(2) He owns 100% of Haco Industries Limited, a Kenyan household goods manufacturer. (3) 98.4 Capital FM, is a Nairobi radio station, whose shares he owns 100%. (4) Kenya Commercial Bank Group and (5) Nation Media Group
In March 2020, he filed an application seeking regulatory approval to acquire another 20 percent of Centums shareholding, to add to the 30 percent that he already owned at that time. The deal involves the purchase of 133 million shares valued at KSh2.7 billion (US$25.7 million)
Chris Kirubi Net Worth
Chris is one of the richest people in Kenya. He was listed among Forbes list of 40 richest African. Chris Kirubi net worth is $400 million
He chairs the following companies: (1) DHL Express Kenya Limited, (2) Haco Industries Kenya Limited, (3) Kiruna International Limited, (4) International House Limited, (5) Nairobi Bottlers Limited, (6) Sandvik East Africa Limited and (7) 98.4 Capital FM. He is also a non-executive director of (8) Bayer East Africa Limited, (9) UAP Provincial Insurance Company Limited and (10) Beverage Services of Kenya Limited
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