East Africa’s wealth landscape highlights a clear contrast between Kenya’s broader base of millionaires and Tanzania’s concentration of wealth at the very top.
Recent wealth reports show Kenya ranking among Africa’s top five countries by number of millionaires, while Tanzania remains notable for producing the only dollar billionaire in East and Central Africa.
According to the Africa Wealth Report 2025, Kenya is ranked 1st in East Africa, 5th in Africa in terms of individuals worth at least USD 1 million, with about 6,800 millionaires, while Tanzania is ranked 12th with 2,100 millionaires and 3rd in East Africa.
Wealth in both countries is largely driven by industries such as manufacturing, banking, retail, agriculture, and real estate.
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Top 10 richest people in Kenya 2025
Data from the Billionaires Africa ranking of Kenya’s 30 richest people shows that many of the country’s wealthiest individuals built fortunes through diversified business empires and long-standing family enterprises.
- Bhimji Depar Shah – $420 million – Founder of Bidco Industries.
- Narendra Raval – $240 million – Founder of Devki Group
- Zarin Merali – $220 million – Oversees the Sameer Group family empire
- Mama Ngina Kenyatta – $210 million – Kenyatta family investments across banking, dairy, media and land.
- Mary-Ann Musangi (Kirubi Estate) – $100 million – Centum Investments, Haco Industries stakes.
- Moi Family – $100 million – Investments in media, aviation, banking and real estate.
- James Mwangi – $70 million – CEO and major shareholder of Equity Group.
- Humphrey Kariuki – $60 million – Founder of Janus Continental Group.
- David Kimani Mukuha – $50 million – Naivas supermarket family fortune.
- Suresh Bhagwanji Shah – $45 million – Founder of I&M Bank Group.
Tanzania’s billionaire wealth landscape
Tanzania has a smaller population of wealthy individuals, but it has produced East Africa’s only billionaire.
According to the Africa Wealth Report 2025 estimates the country has about 2,100 millionaires.
The Tanzanian rich list is led by Mohammed Dewji, whose investments span manufacturing, agriculture, logistics, and trading.
He remains the only East African to appear on the Forbes Africa Billionaires list.
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Top 10 richest people in Tanzania
- Mohammed Dewji – $1.5 billion – CEO of MeTL Group
- Rostam Aziz – $1 billion – Investor with stakes in Vodacom Tanzania, Taifa Gas, Caspian Mining, aviation, and media businesses
- Said Salim Bakhresa – $800 million – Founder of Bakhresa Group with a stake in media, including Azam TV.
- Ally Awadh – $600 million – Founder and CEO of Lake Oil Group
- Shekhar Kanabar – $500 million – Head of Synarge Group
- Ghalib Said Mohamed – $400 million – Founder of GSM Group
- Fida Hussein Rashid – $150 million – Founder of Africarriers Group
- Yogesh Manek – $100 million – Investor linked to MAC Group, with interests in EXIM Bank
- Yusuf Manji – $70 million – Owner of Quality Group
- Haroon Zakaria – $60 million – Founder of Murzah Oils
This is a well done job but to my surprise is that there is a resident from Tanzania who got such worth of money
….. anyway job well done 👍