Who Is The Richest Man In Kenya ? Vimal Shah
The Richest Man In Kenya – Vimal Shah as the Richest Man In Kenya is a businessman, entrepreneur, mentor and industrialist in Kenya, the largest economy in the East African Community.
He is the Chairman of Bidco Africa and is responsible for the company’s growth into new markets and product Bidco is a business conglomerate involved in the manufacture of edible oil, detergents, soaps, margarine and baking powder. He is reported to be one of the wealthiest individuals in Kenya.
How did Vimal Shah become rich?
In 1985, Vimal Shah, his father and younger brother started manufacturing soaps and in 2002, they acquired a significant portion of Unilever’s edible oil businesses. The three family members share ownership of the fortune.
Vimal Shah Biography : Net worth and Lifestyle
Vimal Shah Profile summary
Full name: Vimal Shah
Born: 1960 (age 61 years), Nyeri, Kenya
Known for: Mentor of Small and Medium Sized business organizations
Parents: Bhimji Depar Shah
Children: Soham Shah
Siblings: Tarun Shah
Vimal Shah Biography
He was born in Nyeri, Kenya.Vimal Shah attended the United States International University, Nairobi Campus, graduating with the degree of Bachelor of Science in Business Administration and Finance.
Vimal Shah Career Life
In 1985, the three Shahs decided to start a soap manufacturing business. When Kenyan banks denied them financing, they turned to family and friends instead. Growing cotton locally would take too much time, so they imported oil from Malaysia. Together with his father and brother, Vimal Shah built the business, growing the firm, BIDCO Africa, into one of Africa’s largest companies. He rose to the position of CEO before stepping down in 2017. Since then, he has been less involved in the operational aspects of BIDCO, instead stepping up to a more strategic role as Board chairman, a position he holds to date.
BIDCO Africa is currently one of Africa’s largest and fastest growing manufacturer of domestic consumer products. Currently, they market and distribute the largest and widest range of product categories in the East and Central African regions such as: Edible Oils, Cooking Fats, Margarine, Baking Products, Hygiene Products, Detergents, Laundry Bars and Animal Feeds.
Vimal Shah Net Worth 2021
Vimal Shah is currently the richest man in Kenya , with an estimated net worth of KES 140 billion today
Where is Vimal Shah now?
Vimal Shah is a married to Manda Shah and is the father of one son, Soham Shah (born in 1998). He is a past Chairman of the East African Business Council, the Kenya Association of Manufacturers and the Kenya Private Sector Alliance KEPSA. In March 2014 he was elected to the 3GF (Global Green Growth Fund) based out of Amsterdam.