Business daily reveals KRA list of billionaire tax payers

Kenya Revenue Authority’s publication of the top taxpayers’ list has uncovered more than 100 little-known billionaires, whose net worth appears to have grown only recently, catapulting them into the coveted club of the rich. The fortunes of high-net-worth individuals with gross annual incomes of between 350 million and 1 billion shillings have defied the tough economic times that have characterised Kenya in the past six years to grow at a robust speed, according to the taxman’s latest ranking of the leading taxpayers.
Top on the list of the silent billionaires are KPMG’s chief executive, Josphat Mwaura, Ernst & Young’s CEO, Gitahi Gichahi and Philip Kinisu, the former chairman of the ethics and anti-corruption commission.
Others are SportPesa chairman Paul Ndung’u and Andrew Ndegwa (of the Philip Ndegwa business dynasty).
They are now listed alongside the owners of old money such as stock market billionaire investor Baloobhai Patel, businessman Naushad Merali, Bharat Thakrar (Scangroup CEO) as well as industrialists Narendra Raval and Pradeep Paunrana.

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