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The rise and rise of Kenya’s silent billionaires at NSE

The Nairobi Securities Exchange. KCB Foundation director Sunil Shah (left). Reclusive investors build a fortune through consistent buying of shares in open market and maintaining a long term view of their equities portfolio. Photos/FILE

A steady rise in investor wealth at the Nairobi Securities Exchange has put a handful of little-known businessmen in the exclusive club of paper billionaires, helping the bourse to retain its record as the shortest route to fortune in Kenya.

Stock market data shows that the billionaire investors with vast business interests outside the Nairobi bourse started cherry-picking stocks at the turn of the Millennium with a long-term view that has seen them rank among the wealthiest Kenyans.

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Note: The results are not exact but very close to the actual.

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