Top 10 Richest Women In Kenya 2022 [Updated!]

Top 10 Richest Women In Kenya and their net worth

We bring to you the latest list of the top 10 richest women in Kenya in 2022 and their net worth

The wealthiest women in Kenya is a hot topic of discussion within the region, as there have been lots of arguments and discussions over the most influential women in Kenya in terms of wealth.

However, due to inaccurate figures and estimations, these arguments seem to never end. Did you know the top 10 richest men in Kenya and their net worth as well?

This article will bring an end to further arguments on female figures in Kenya who are making giant strides when it comes to wealth.

To estimate their wealth, we made an in-depth research on their earnings, investments, and other financial opportunities which they enjoy. So just relax and educate yourself as you go through this list of Kenya’s top 10 richest women.

Top 10 Richest Women In Kenya 2022

RankRichest Women In Kenya 2022Estimated Net Worth
#1Ngina Kenyatta$1 Billion
#2Tabitha Karanja$80 Million
#3Margaret Saitoti$21 Million
#4Leah Wanjiku Muguku$19 Million
#5Jane Wangui Njunguna$18 Million
#6Mary Okello$18 Million
#7Lucy Mwiti$17 Million
#8Jane Wayiru Michuki$15 Million
#9Wacere Marra$14 Million
#10Dr. Catherine Nyongesa$8 Million

10. Dr. Catherine Nyongesa – $8 million

Richest Women In Kenya - Dr. Catherine Nyongesa

Catherine is one of the richest women in Kenya, largely due to her invaluable contributions to Kenyans in the health sector.

Through her profession, she has been able to provide medical services which were once hard to access due to either lack or inadequate supply to cater for everyone who needs quality health care.

She is a radiation oncologist and physician who owns the Texas Cancer center located in the capital of Kenya.

Before the establishment of this center, lots of Kenyans were unable to receive adequate care and quality health service, especially for those who are diagnosed with cancer.

Though the company was established on the back of a $1 million loan, Catherine was able to quickly recoup the loan, and have gone ahead to make a fortune.

Related: Top 10 Richest musicians in Kenya and their net worth

9. Wacere Marra – $14 million

When speaking of women who got most of their fortune through their marriage, Wacere is one lucky woman.

She is on this list of richest women in Kenya due to her marriage and inheritance from the late mayor of Nairobi, Dick Wathika.

Since claiming the fortune, she proceeded to build on it by investing and acquiring a 21% stake in Sportpesa which is one of the biggest bookmakers in Kenya. This investment proved to be a good move, as it yields millions of Kenyan shillings every month.

Wacere also seems to be a commercial and business guru through a series of successful investments which she has on her portfolio. Definitely, she has earned her place among richest women in Kenya.

Richest Women In Kenya - Jane Wayiru Michuki

8. Jane Wayiru Michuki – $15 million

Jane is one of the most established female lawyers in Kenya.

Over her career, she has represented top clients across Kenya, including the likes of Equity Group Holdings Limited which is the largest bank in terms of value, deposits, and customer base.

Asides from her career as a lawyer, she is also very successful as a businesswoman.

Jane has bought shares in different companies in a bid to expand and diversify her portfolio. And it’s working, as they all bring positives for her on an annual basis.

Her biggest investment till date is in the British-American invesent company which she hold 9% of the company. Today, She is the largest female stockholder on the Nairobi Stock Exchange (NSE).

7. Lucy Mwiti – $17 million

Lucy is the youngest female on this list of richest women in Kenya. Her achievements till date is something worth an applause and makes you wonder what she will be worth in the next 10 years.

Usually referred to as the beauty and brains, Lucy has got everything to move up this list and become the richest female in Kenya, considering the several years she’s got to increase her earnings and net worth.

6. Mary Okello – $18 million

Being born into a rich family is probably one thing that gave Mary Okello an advantage to become as rich as she is today.

Her family is not just wealthy, but powerful and influential through politics which her father strongly participated in.

One of her siblings once served as the 9th vice president in Kenya. That’s to show you just how influential her family was.

Despite growing up in a family of politicians, Mary chose to be an entrepreneur.

Before fully becoming an entrepreneur, she started her career as an employee at the ministry of foreign affairs after the conclusion of her degree in the university.

She worked in several national and international positions before quitting it all to set up her own business. Today, thanks to her investments and earnings over the years, she is one of the richest women in Kenya.

Related: Top 10 Richest footballers in Kenya

5. Jane Wangui Njunguna – $18 million

Jane Wangui is the wife of the CEO of Equity Bank, James Mwangi. You would agree with us that this is one influential family that is dominated by business brains.

Combined with her husband, the couple owns the largest shares is the financial institution which is the biggest in Kenya today.

It is through this investment that Jane earns most of her net worth which has been on a positive rise over the last 5 years.

Jane seems to enjoy investing in businesses with her husband, as they both have other portfolios in their name.

The Fitimbi Ltd. Which is an investment company and a majority shareholder in Britam insurance earns Mary more that Kes200 million on an annual basis. Her net worth today clearly guarantees her a place among the richest women in Kenya.

4. Leah Wanjiku Muguku – $19 million

Going by the number of women on this list because of their investment in equity Bank, it is safe to say that this institution is literally a gold mine for women in the country.

Leah is daughter to the late business tycoon, Nelson Muguku. As a result, most of her father’s fortune worth billions of Kenyan shillings were transferred to her name.

Despite the sale of most of the shares which her father owns in the financial institution, Leah still has investments of 0.9% in Equity bank.

She also owns one of the biggest mall in Kenya, known as the Waterfront mall. With her investments in numerous growing businesses, I would expect her net worth to keep being on the rising trend.

Related: Top 10 Richest musicians in Nigeria

3. Margaret Saitoti – $21 million

Margaret Saitoti is the wife of the 6th vice president of Kenya, George Saitoti. Her husband was a great Kenyan politician, businessman and American- and British-trained economist, mathematician and development policy thinker.

His unfortunate death in a helicopter crash in June 2021 meant that Margaret was in line to acquire his wealth.

Since the death of her husband, Margaret is not been much of a public figure as she rather preferred to live in privacy. Though numerous controversies have brought her name into the media, she didn’t make much appearances since then.

2. Tabitha Karanja – $80 million

Tabitha is a self-made Kenyan millionare alongside her husband. She started the joint business with her husband as far back as the late 90s to make fortified wine.

Despite the numerous challenges which her business faced in the Kenyan market, especially after the heavy taxation of locally made wines in Kenya which nearly crippled her business, she was still able to scale through.

She made it by changing products from locally made wine to gin and vodka which is still in the Kenyan market till date.

After achieving so much success in her business, Tabitha moved to scale up her business from producing 60 000 bottles of drinks per day to 600,000 bottles.

Today, her factory has a total net worth of $55 million. She is arguably the most hardworking among the richest women in Kenya.

Related: Top 10 Richest comedians in Kenya

Ngina Kenyatta - The Richest Woman In Kenya today

1. Ngina Kenyatta – $1 Billion

Mama Ngina Kenyatta is President of Kenya Uhuru Kenyatta’s mother and was wife to the first president of Kenya Mzee Jomo Kenyatta.

It goes without saying that this makes her one of the most powerful women in the country, a position that has benefits including loads of money.

In 2012, together with the late former cabinet minister Nicholas Biwott, she made it to the list of Africa’s top billionaires in a publication by Nigeria-based Ventures financial magazine.

Her wealth was estimated at over $1 billion which is spread in real estate, banking, hospitality, and other sectors.

Related: List of the top 10 Richest men in South Africa

Summary of the Richest Women In Kenya

Kenyan women are definitely not to be underestimated when it comes to wealth, impact, and value addition.

Over the last 2 decades, there was a gradual evolution that has seen more Kenyan women take the initiative to be a force of change in their respective industries.

The results of this evolution are seen in some of the women represented on this list of richest women in Kenya.

Quick Recap:

Ngina Kenyatta
Tabitha Karanja
Margaret Saitoti
Leah Wanjiku Muguku
Jane Wangui Njunguna
Mary Okello
Lucy Mwiti
Jane Wayiru Michuki
Wacere Marra
Dr. Catherine Nyongesa

Through this list, you have been able to see the wealthiest women in order of their worth.

Definitely, you wouldn’t need to argue with anyone about who’s richer than who when an educating and well-researched piece such as this is available here. Do well to share among your friends to keep them educated as well.

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