We bring to you Manu Chandaria net worth
Manilal Premchand Chandaria OBE CBS EBS is a Kenyan businessman of Indian descent born in Nairobi on 1 March 1929. Along with being a senior member of the Comcraft Group of Companies, a billion-dollar enterprise that has a presence in over 40 countries.
Manu Chandaria net worth is $1. 7 billion
Manu Chandaria profile
Manu was born on 1st March, 1929. He attended various schools in Nairobi and Mombasa in Kenya from where he proceeded to India for his undergraduate studies.
He graduated from Jamnagar India University, Bombay in 1949 with a Bachelor of Science from whence he proceeded to Oklahoma in the US.
Manu graduated in 1950 with a bachelor in engineering and continued with his masters, which he obtained in 1951 from the University of Oklahoma. It was from here he returned to Kenya to find a prospering family enterprise and thus a platform where he would apply his swift business acumen to wrest a multinational conglomerate from the provisional shop that had once been.
Before Chandaria and his brother’s return to Kenya, their family had amassed substantial holdings that made it possible for their entry into the lucrative steel and aluminium industry.
Chandaria’s future father-in-law had organised a group of ten individuals to acquire saucepan manufacturer Kenya Aluminium, an enterprise that had folded during the depression, from an Indian merchant in 1929, although this group eventually broke up to pursue different ventures some twenty years later.
Such were the earnest beginnings of the future $2.5 billion Comcraft Group.
With the onset of the 1950s and 60s came the expansion of Comcraft to other countries such as Ethiopia, Nigeria, Congo, India, Zambia and elsewhere with Chandaria being charged with business affairs in Uganda, and Congo.
He is today a senior member of Comcraft Group, Chairman of Bank of India Advisory Committee in Nairobi among others. His personal business interests are extensive and span the vast of the Kenyan economy and as well as 50 other countries.
Manu Chandaria Net Worth
Manu Chandaria Net Worth is $1.7 billion making him the richest man in Kenya.
He has won several awards in East Africa and internationally in recognition of his entrepreneurial endeavours and is also a noted philanthropist. In 2003, Chandaria was awarded the Order of the British Empire (OBE) by Queen Elizabeth II.In December of the same year, he was awarded the Elder of the Burning Spear by former president Mwai Kibaki, one of the highest civilian honours in Kenya. He has been hailed as “one of Kenya’s leading industrialists”.