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Eight NSE tycoons lose Sh17 billion in share prices tumble
From left, Peter Munga, James Mwangi and Pradeep Paunrana. The top investors have taken a hit from their large holdings in insurers, banks, manufacturers and other blue-chip companies. PHOTOS | FILE
The emerging bear run at the stock market has seen 14 Kenyan billionaires lose Sh19.6 billion of their wealth on paper since the beginning of the year, with most of their stock holdings recording double-digit declines.
The top investors, including Peter Munga, Pradeep Paunrana, Baloobhai Patel and Gideon Muriuki, have taken a hit from their large holdings in insurers, banks, manufacturers and other blue-chip companies.
