The Kenyatta family is considered one of the wealthiest families in Kenya and across Africa. Besides being the family of Kenya’s first and fourth presidents, they have also amassed fortunes from investments, both locally and internationally.
While the Kenyatta family’s local business ventures are publicly known, most people are not aware that this family owns a vast investment portfolio that extends overseas.
Today, the family continues to rake in millions per month from these foreign ventures. Here are three of the most substantial investments this family owns abroad.
British Virgin Islands
As of 2016, Uhuru Kenyatta’s brother Muhoho owned bonds and stock in this company worth over $30 million. According to the company’s data, by that time, such a portfolio could yield a monthly income of about $260,000 through interest and dividends.
By using the BVI for such holdings, the Kenyatta family also enjoys tax advantages, which amplifies their income.
Real Estate, London
In 1999, Ngina Kenyatta and her two daughters bought apartments in Westminster. Today, the high-end property is estimated to be worth $1.3 million. Managed under Milrun International Ltd, one of these properties rakes in over $6,500 per month.
These apartments are only part of other investments owned by the Kenyatta family.
Panama Foundation
In 2021, the Pandora Papers revealed a network of shell-like foundations in Panama belonging to the Kenyatta family.
Here, Uhuru Kenyatta’s mother, Ngina Kenyatta, is named the main beneficiary, while Uhuru is the main successor. Established to secure the family’s fortune, this foundation includes stocks, bonds, and assets that are worth over $20 million. This establishment rakes in millions on a monthly basis for the family.
