Prime Cabinet Secretary Musalia Mudavadi is a man of means. he is a multi-billionaire and in the current administration, he stands out as the richest person to have declared their wealth publicly.
As at end of last year, Mudavadi was worth Sh. 4 billion. This is the figure he revealed when he appeared before parliament for vetting to the position of Prime Cabinet Secretary by the National Assembly Committee on Appointments.
“If I take my investment in shares in some companies and also some properties I own, I would put my net worth at about Sh. 4 billion,” he said.
“My sources of income are rental income, dividends where I have shareholdings and also interest and of course other expenses that come from the farm.”
In addition to these, Mudavadi also has aircraft hiring services. He also has rental properties that he hires.
“Hon. Musalia on page 4 of the document you provided, looking at the net worth and the schedule you submitted, I see you have an interest in an aircraft with exclusive air services,” Majority Leader Kimani Ichungw’ah had noted when Mudavadi was interviewed.
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“You have properties in Riverside, from where you earn your rental income and other office spaces you have also indicated.”
On property located in Woodley Estate, Mudavadi said that he was wrongfully accused of possessing it. He said that the property belongs to the Nairobi County Government where he has always paid rent since the property has never been transferred to him.
“Woodley estate is a property that belongs to Nairobi County government. I’ve stayed in Woodley and my family has always had that premises. To this day, we pay rent to the Nairobi County government. At no time has that property been transferred,” he said.
“The Kenya Anti-corruption body at that time had not verified the facts. I ended up seeking legal redress on my part and charging for defamation against the anti-graft body for producing misleading information.”