what is William Ruto net worth?
|Net worth||$450 million|
|Date of birth||21 December 1966|
As of 2023, William Ruto net worth is valued at $450 million making him one of the richest men in Kenya. Ruto was elected the Deputy President alongside President Uhuru Kenyatta under the Jubilee Alliance ticket. Ruto was a Member of Parliament (MP) from 1998 to 2013. He served as Minister for Home Affairs in the Daniel Arap Moi administration
president william ruto Net Worth and Biography
William Ruto was born on 21 December 1966 in Sambut village, Kamagut, Uasin Gishu County to Daniel Cheruiyot and Sarah Cheruiyot. He attended Kerotet Primary School for his primary school education.
He was enrolled in Wareng Secondary School for his Ordinary Levels education before proceeding to Kapsabet Boys High School in Nandi County for his Advanced Levels. He then went on to receive a BSc in Botany and Zoology from the University of Nairobi, graduating in 1990. Read Uhuru Kenyatta net worth
Ruto later enrolled for a MSc in Plant ecology, graduating in 2011. The following year, he enrolled for a Ph.D. and after several setbacks, he completed and was awarded a Ph.D. from the University of Nairobi, graduating on 21 December 2018.
Ruto authored several papers including a paper titled Plant Species Diversity and Composition of Two Wetlands in the Nairobi National Park, Kenya. During his time in the campus for the undergraduate course, Ruto was an active member of the Christian Union. He also served as the Chairman of the University of Nairobi’s choir.
It is through his church leadership activities at the University of Nairobi that Ruto met President Daniel Arap Moi who would introduce him to Kenya politics at later date, specifically during the 1992 general elections.
Ruto owns a considerable chicken farm in his home village of Sugoi, which was originally inspired by his stint as a live chicken hawker on the Nairobi-Eldoret highway.
william ruto net worth is valued at $450 million
After graduating from the University of Nairobi in 1990, Ruto was employed as a teacher in the North Rift region of Kenya from 1990 to 1992, where he was also the leader of the local African Inland Church(AIC) Choir.
Ruto began his political career when he became the treasurer of the YK’92 campaign group that was lobbying for the re-election of President Moi in 1992, from where he learned the ropes of Kenyan politics.
He is also believed to have accumulated some wealth in this period. After the 1992 elections, President Moi disbanded YK’92 and Ruto attempted to vie for various KANU (then Kenya’s ruling party) branch party positions but did not succeed.https://www.glusea.com/richest-presidents-in-africa/: William Ruto Net Worth 2023
Member of Parliament
Ruto ran for a parliamentary seat at the 1997 Kenyan general election. He surprisingly beat the incumbent, Reuben Chesire, Moi’s preferred candidate, as well as the Uasin Gishu KANU branch chairman and assistant minister. After this, he would later gain favour with Moi and be appointed KANU Director of Elections. Read Richest Presidents in Africa
His strong support in 2002 for Moi’s preferred successor Uhuru Kenyatta saw him get a place as assistant minister in the Home Affairs (Interior) ministry docket. Later in that election, as some government ministers resigned to join the opposition, he would be promoted to be the full Cabinet Minister in the ministry.
KANU lost the election but he retained his parliamentary seat. Ruto would thereafter be elected KANU Secretary General in 2005 with Uhuru Kenyatta getting elected as Chairman.
In 2005, Kenya held a constitutional referendum which KANU opposed
In January 2006, Ruto declared publicly that he would vie for the presidency in the next 2007 Kenyan general election. His statement was condemned by some of his KANU colleagues, including former president Moi. By this time, ODM had morphed into a political party.
Ruto sought the nomination of the Orange Democratic Movement (ODM) as its presidential candidate, but on 1 September 2007, he placed third with 368 votes. The winner was Raila Odinga with 2,656 votes.
Read raila net worth
The presidential election of December 2007 ended in an impasse. Kenya’s electoral commission declared Kibaki the winner, but Raila and ODM claimed the victory.
Ruto was appointed as Minister for Agriculture. Ruto also became the Eldoret North’s Member of Parliament from 2008 to 4 March 2013.
Ruto was among the list of people who were indicted to stand trial at the ICC for their involvement in Kenya’s 2007/2008 political violence. However, the ICC case was faced with challenges, especially concerning the withdrawal of key prosecution witnesses. In April 2016, the Court dropped charges against Ruto.
On 21 April 2010, Ruto was transferred from the Agriculture Ministry and posted to the Higher Education Ministry, swapping posts with Sally Kosgei.
On 24 August 2011, Ruto was relieved of his ministerial duties and remained a member of parliament. He joined with Uhuru Kenyatta to form the Jubilee alliance for the 2013 presidential election
On 6 October 2014, Ruto was appointed acting president of Kenya by President Uhuru Kenyatta following his summons to appear before the ICC
In the August 2017 General Elections, Uhuru and Ruto were declared victors after garnering 54% of the total votes cast. However, the Supreme Court of Kenya nullified the election, and a fresh election was held in October 2017.
The opposition boycotted the fresh election and Uhuru and Ruto were re-elected with 98% of the total votes cast. The Supreme Court upheld the results of this second election.
William Ruto Net Worth
As of 2023, William Ruto net worth is valued at $450 million
Ruto married his wife Rachel Chebet in 1991. The young couple first lived in Dagoretti where they had their first child, Nick Ruto
Deputy President William Ruto has been declared the winner of Kenya’s presidential election amid dramatic scenes.
He narrowly beat his rival, Raila Odinga, taking 50.5% of the vote, according to the official results.
The announcement was delayed amid scuffles and allegations of vote-rigging by Mr Odinga’s campaign.
10 Expensive Things Owned By William Ruto
1. Amaco Insurance
William Ruto owns the largest share in Amaco insurance company hence walks home with the biggest returns.
2. Hublot Big Bang Rose gold wrist watch.
He has a fine taste for gadgets and this watch is one of his. It costs approximately Ksh 2.6 million.
3. Sixeighty hotel
This is a 3 billion Kenya shillings investment. He acquired it approximately 3 years ago.
4. Three Eurocopter Helicopters
He usually uses them weekly in his campaigns and tours. He also hires them out to individuals and corporations. They cost more than 3 billion combined.
5. Mansion in Karen
The deputy president owns a lavish mansion in Karen which is built on a ten acre land.
6. 1.2 billion mansion in Usain Gishu
This home seats on 20 acres with a private airstrip. It features the main house, library, guest house and two swimming pools.
7. Weston hotel
It costs 2 billion shillings. The hotel is located on Langata road opposite Wilson airport. It’s a 4 star hotel.
8. Ranger Rover Sport
He also owns this model of car among other vehicles. It has supercharge features for the driver and passengers. It cost him 20 million.
9. Toyota Land cruiser
It cost him 15 million. This cruiser is powered by a 4.5 litre V8 engine which delivers 2000hp.
10. Other properties.
He owns properties like Otata Enterprises Limited, Osengo properties limited, a residential flat along jogoo road among others.