Kenyan car dealer Joseph Kairu Wambui, popularly known as Khalif Kairo, has revealed why he still lives in a rented house despite his multimillion wealth.
Speaking on the Iko Nini podcast, Kairo said spending Sh 20 million to buy a house doesn’t align with his priorities.
He explained that business is his top priority, and he prefers diverting the money into business expansion and marketing strategies.
He disclosed that he pays a monthly rental cost of less than Sh100,000.
“Mimi personally naishi kwa rentals wacha ku drive Porsche jet naweza nunua nikishi kwa rentals,” Kairo said.
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Kairo went on to rubbish claims that his wealth is proceeds of money laundering, maintaining that he ventured into entrepreneurship early, hence the early accumulation of wealth.
According to rumors, Kairo launders money for businesspeople from Arab countries—a claim that arose after a trip to Dubai coincided with a turning point in his life.
“People forget that I ventured into the car business 10 years ago. Money laundering can’t sustain the lifestyle I live. You can’t be in that business and still visit countries such as the U.S., where the FBI would have you on their radar,” said Kairo.
The businessman is the founder of Kai and Karo Limited, a car import business. His brand deals with brand-new luxurious rides, used cars, used spare parts, and vehicle accessories.
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