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KRA list reveals Kenya’s billionaire taxpayers

From left: Paul Wanderi Ndung'u, Mobicom Group chairman, Gitahi Gachahi, Ernst & Young chief executive,  Bharat Thakrar (Scangroup CEO), Philip Muema, former KPMG partner, and Richard Bell, co-founder Wananchi Group. FILE PHOTOS | NMG FILE PHOTOS | NMG
Top, from left: Gitahi Gachahi, Ernst & Young chief executive, Naushad Merali, Sameer Investment chairman, Bharat Thakrar (Scangroup CEO), Baloobhai Patel, Director Sanlam Kenya, Narendra Raval, Chairman Devki Group, and Philip Kinisu, former EACC chairman. Bottom, from left: Pradeep Paunrana, ARM cement CEO, Paul Wanderi Ndung'u, Mobicom Group chairman, Josphat Mwaura, KPMG CEO, Philip Muema, former KPMG partner, Richard Bell, co-founder Wananchi Group, and Andrew S.M Ndegwa, Director NIC Bank. FILE PHOTOS | NMG 

Kenya Revenue Authority’s (KRA) publication of the top taxpayers’ list has uncovered more than 100 little-known billionaires, whose net worth appears to have grown only recently, catapulting them into the coveted club of the rich.

The fortunes of high-net-worth individuals (HNWIs) with gross annual incomes of between Sh350 million and Sh1 billion have defied the tough economic times that have characterised Kenya in the past six years to grow at a robust speed, according to the taxman’s latest ranking of the leading taxpayers.

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