Tuesday, June 07, 2016

Kenya's wealthy

How rich is rich?

According to court documents filed by his wife Catherine Jelugat, Billionaire Ken Kiplagat's properties are listed as shares in Cove Investment Limited (with estimated value of Sh100 million); shares in Tetra Radio Limited (with an estimated value of Sh500 million) and shares in Toads Media Group Limited (with an estimated value of Sh8 billion).

The lawyer also owns shares in Bonde Conservancy Limited; shares in Simba Radio Limited (with an estimated value of Sh1 billion); shares in Southern Cross Engineering Limited; shares in Naivasha Cottages Limited; and 10 retreat villas on land number LR No.209/354/11. Other properties are two houses in Green Park (Great Rift Valley Lodge); 40 acres of land in Kabarak, 100 acres of land in Kabarak in Menengai West; a house in Eldoret, near State House; 50 acres of land in Eldoret; a house in Milimani area, Nakuru, Crater Climb; a villa in Rea Vipingo, Kilifi; and to crown the impressive real estate listing, a house in South Kensington, London, UK.

Further, Catherine lists cash in two local banks and three international banks in Jersey, Switzerland, and the UK. She claims cash in the local banks is Sh600 million. She further lists US$ 2 million (Sh200 million) from sale of shares in Trunking Systems Limited and another Sh1 billion award from HCC 141 of 2008 (Milimani Commercial Courts). Also listed as cash assets is Sh87 million from the sale of shares in Simba Radio.

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