Ad ID: 10584
Added: April 12, 2018
This Chris Kirubi Biography
This man Chris Kirubi is a Kenyan businessman, entrepreneur, industrialist and philanthropist. Who is a Director at Centum Investment Company Limited, a business conglomerate, in which he is the largest individual shareholder.. This gentleman was born in 1941.
This man Chris Kirubi is the chairman and a shareholder of Haco Tiger Brands which is a joint venture with Tiger Brands SA, is listed on the Johannesburg Stock Exchange. Chris Kirubi is also CEO of Capital FM and holds large equity stakes in Nairobi Stock Exchange listed investment firm Centum, UAP Insurance and the Kenyan franchise of DHL.
He is also a shareholder in Nairobi Bottlers, a bottling franchise for Coca-Cola..yes!
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This rich man Chris Kirubi was born poor, lost both parents at a very early age and had to start working during school holidays to supplement the needs of his brothers and himself. After graduation, he worked for Shell, as a salesman, selling and repairing gas cylinders. According to him, the pennies he earned from this job could not have bought anyone dinner..Sad poor salary.
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Period during the 1960s and early 1970s, Kirubi worked as an Administrator at Kenatco, a government-owned transportation company. Starting around 1971, he began buying run-down buildings in the cities of Nairobi and Mombasa, renovating them and either selling the renovated structures or renting them out. He also began acquiring strategic pieces of land in and around Nairobi, and proceeded to erect rental residential and commercial properties on them, using loans from Kenyan banks.
He ventured into real estate property development was timely and strategic, and he made a killing. He is one of Kenya’s wealthiest businessmen with a fortune estimated at $300 million, and also one of the richest men in Africa.. Chris Kirubi has property management company, International House Limited (IHL), owns and manages various residential and commercial buildings in Nairobi and he owns Nairobi’s landmark International House building, one of the city’s longest standing and most prestigious commercial properties.. Very expensive property.
This man has learned much since he acquired his first dilapidated property in the early 1970s. He now counts among his real estate holding Nairobi’s iconic International House building (home to his office) and, through his property holding companies.
Mr. Chris Kirubi’s wealth range from 40 other residential and commercial properties across the city, valued at more than USD $200 million. Add his other assets and Kirubi is worth a conservative USD $300 million, Putting him at number 31 on Forbes’ inaugural list of Africa’s 40 Richest People.
This man has various enterprises, including International House, Tiger Haco Industries, Capital FM and DHL Kenya, he employs close to 1,000 people.
Mr. Chris Kirubi – Haco Industries
In 1998 Chris Kirubi acquired for an undisclosed sum 100% of Haco Industries, a Kenyan subsidiary of a Dutch trading house. Kirubi expanded the company from a distributor of American and British brands to a leading indigenous manufacturer of consumer products, including TCB and Palmers, the bestselling hair and skin care products in the country. In 2008 Haco formed a joint venture with Tiger Brands, one of South Africa’s largest food manufacturers. Revenues of Haco Tiger Industries were in excess of USD $33 million in 2010. It employs more to 700 people.
95% of all Kenyans or anyone who comes to Kenya has at one time or the other used a product that is manufactured by this man Chris Kirubi.
This company makes everyday items like the Bic pen as razors, lighters, baby food, stationery and bleach etc .
Chris Kirubi owns Capital FM which he bought in 1988.
Chris Kirubi not only learned how to disc jockey, he also began hosting a weekly rock show on the station. The public went wild. Ratings shot through the roof. The station is now the largest in Kenya in terms of listenership which had over three million people tune in every day, and it has outshone the competition for several years running…
This man Chris Kirubi owns Centum Investment
He, Chris Kirubi holds the largest individual stake in CENTUM INVESTMENTS, which is a private equity firm listed both on the Nairobi and Uganda stock exchanges with a recent market capitalization of USD $92 million.
this Centum has one of the most attractive investment portfolios in the region, including substantial stakes in Coca-Cola, Safaricom (Kenya’s leading telecoms company) and Kenyan Commercial Bank. Waaaah!!
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Mr. Chris Kirubi owns UAP Insurance.
Chris Kirubi is also the largest individual shareholder in UAP Insurance, east Africa’s third largest insurance company.. This is a fact.
Mr. Chris Kirubi owns Two Rivers Mall.
This mall, is said to be the biggest by size (62,000 square metres) in Kenya, sits on a 100 acres on Limuru Road, not far from the leafy suburbs of Nayri, Gigiri, Muthaiga and Runda just few metres from UN Gigiri headquarters.
Two rivers mall first phase is set to cost an over Ksh 25.2 billion.
The biggest mall in East Africa Two Rivers was developed by Athena Properties Limited, a subsidiary of Centum. I hosts a five-star hotel, residential apartments, an office park and house international anchor stores.. Wow.
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Mr. Chris Kirubi is the majority shareholder in Centum, headed by James Mworia as the CEO. Remember he is the Capital FM owner and deejay is also a director at Centum.
In summary one of Kenya’s wealthiest businessmen, Kirubi has a fortune estimated at $220 million (Sh22 billion) as of January 2016, according to Forbes. Forbes put his stake in centum at 27 per cent, 49 per cent stake in Haco Tiger Brands, the DHL franchise in Kenya and extensive commercial and residential real estate in Nairobi.