Former ICT Cabinet Secretary Eliud Owalo has declared that his personal net worth stands at approximately Sh1 billion.
Owalo made the revelation during an interview with Citizen TV on Sunday, February 1. Although he did not disclose his source of wealth, the current net worth reflects a growth of Sh355 million since 2022.
During his vetting as a Cabinet Secretary nominee for Information, Communication, and Digital Economy in October 2022, Owalo revealed his net worth stood at Sh645 million.
The 2027 presidential aspirant said he accumulated the wealth through real estate investment, hospitality and agriculture.
Owalo said he owned two residential houses in Nairobi and upcountry worth Sh120 million and Sh70 million, respectively.
Other properties include land worth Sh200 million, four cars worth about Sh15 million, and a hotel facility worth Sh293 million.
“I have ventured heavily into commercial tree planting and as at now I estimate the value proposition is Sh160 million. This comes to a sum total of Sh645 million,” Owalo told the National Assembly Committee on appointments.
Career Background
Owalo recently resigned from President William Ruto’s administration to vie for presidency in the 2027 general elections.
At the time of the exit, he was serving as the Deputy Chief of Staff in charge of Delivery and Government efficiency.
His role in the Office of the President included managing the Government Delivery Unit (GDU) and the Public Service Performance Management Unit (PSPMU), where he was responsible for ensuring the efficient execution of government programs and tracking the performance of the Executive.
“Following my declaration earlier today that I intend to run for the Presidency of the Republic of Kenya in the year 2027, my position as the Deputy Chief of Staff, Delivery and Government Efficiency is no longer Tenable. I have therefore resigned from the position with immediate effect,” he said in a social media statement released on Sunday, January 11, 2026.
Prior to the appointment, he served as the Cabinet Secretary for Information, Communication, and Digital Economy from 2022 to 2024, when President William Ruto dissolved his Cabinet.
He also served as the head of the Presidential Secretariat for the late former Prime Minister Raila Odinga in 2013.
In addition, he has also served as Deputy Secretary General in the United Democratic Alliance (UDA). He was also an Economic advisor to the Kenya Kwanza 2022 Presidential Campaign.
He holds a Bachelor’s degree in Economics and Business Studies, a master’s in business administration, and a PhD in Strategic Management from the University of Nairobi.
Also Read: Why practical skills matter more than degrees in today’s economy
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