Chris Kirubi Net Worth: Although companies and businesses that the late billionaire Chris Kirubi owned are known, his actual or estimated wealth remains vague. What has been clear all along, though, is that Kirubi was a billionaire.
Following his death on June 14, 2021, details about his wealth have been coming out to light. According to Forbes, Kirubi held wealth that was estimated to be around a net worth of $300 million (Sh. 32 billion).
In a related report that appeared in the Daily Nation recently, Kirubi’s actual wealth is estimated to be around Sh. 40 billion. This arguably puts his net worth at between Sh. 30 billion and Sh. 40 billion. This places Kirubi among Africa’s richest, albeit from a distant given that other public figures in Kenya have died with a net worth much higher than this. For example, it is estimated that the late former president Daniel Moi left an estimated net worth of over Sh. 400 billion.
Kirubi’s latest additions to his billions came in 2019 and 2020 when he got nearly Sh. 2 billion from the sale of one of his flagship businesses, Haco. In 2019, he first earned $7 million (Sh. 749 million) from selling the BiC brands East Africa (under Haco Industries) franchise to French Conglomerate Société BIC. Société BIC later announced that Haco was entitled to an additional deferred payment amounting to €9.9 million (Sh. 1.2 billion) over three years, raising the total compensation to nearly Sh. 2 billion.