Chris Kirubi
Chris Kirubi Biography: Background
Date of Birth: 1941
Place of Birth: Murang’a district
Ethnicity: Kikuyu
Residence: Nairobi, Kenya
Death: 6/14/2021
Billionare Christopher John Kirubi was a Kenyan businessman, entrepreneur and industrialist. He was born in 1941 in a poor family. He lost his both parents when still very young. He started working as a salesman while still in school. This was necessary so that he supports the family.
He schooled at Kamusinga boys high school in Bungoma then moved to Handels University in Sweden and Havard Business School. Also acquired Honorary doctorate degrees: Zurich Switzerland 2012,Honorary Philosophical Doctorate in Entrepreneurship.
He was a director at Centum Investment Company, where he was the largest individual shareholder. Basing of Forbes rankings Chris was ranked as second richest in kenya and 31st in Africa. He was ranked behind Kenyatta family. His networth is $500 million.
Key Positions
• Director Centum Investment
• Chairman Smart Applications International Limited
• Director of UAP insurance
• Chairman and director of International Life House Limited
• Chairman Haco Tiger Brands Limited
• Chief Executive Officer capital FM
List of companies owned by Chris Kirubi
1). Centum Investments
He is the single-largest shareholder of the Nairobi Securities Exchange traded firm with a 28.64 per cent stake. He is also a non-executive directorship at Centum Investments. He served as chairman of Centum between 1998 and 2003. This business is also behind the Two Rivers Mall, the largest shopping mall in Sub-saharan Africa, outside South Africa. Centum Investment Company Plc is a private equity firm with investments in agriculture, real estate, education, healthcare, energy, beverages and finances.
2. Capital Media Group
He is the owner of broadcasting firm Capital Media Group which runs Capital FM and the Capital news website.
3). Nairobi Bottlers
He also headed the board of Nairobi Bottlers, a local franchisee of Coca-Cola, which accounts for 47 per cent of all beverage sales in Kenya. In 2019, his company, Centum announced that it had completed the sale of its shareholding in Almasi Beverages and Nairobi Bottlers to Coca-Cola Sabco East Africa. Centum held 53.9 per cent of the issued shares of Almasi Beverages and 27.6 per cent in Nairobi Bottlers. Coca-Cola Sabco East Africa paid Centum Sh. 19.4 billion.
4). Bayer East Africa
He owns 45 per cent of agrochemical firm Bayer East Africa, a firm that is set for a merger with the local subsidiary of Monsanto as part of a larger global transaction valued at Sh. 6.2 trillion. He has previously said that property is the foundation of his business empire.
5). International House
He owns the International House in Nairobi’s central business district which is one of his most iconic investments.In one particular instance, Kirubi narrated how he started off as a salesperson for an insurance company known as International House Limited before he later acquired its headquarters.
6). Real estate
He has an interest in some of East Africa’s most ambitious property developments including Two Rivers in Gigiri and the Pearl Marina Project in Uganda.
7). Corporate leadership
Mr Kirubi holds leadership positions in at least 10 companies and organisations.
8). NSE Stocks
He is a major trader on the NSE where he owns shares ranging from KQ’s to insurance. He has been accumulating more shares at Centum. His holding in the investment firm was valued at highs of Sh. 12 billion in 2015 –the year when the last bull market ended. He also has stakes in key listed firms ranging from banks to insurance.
9). DHL Kenya
Kirubi reportedly owns a stake in DHL Kenya. DHL is a global logistics firm with a presence in over 220 countries and territories worldwide, particularly in sea and airmail.
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