Do you know what an entrepreneur is? An individual who starts a new business and takes on the majority of the risks and benefits is referred to as an entrepreneur. Entrepreneurship is the practice of launching a brand-new enterprise.
As our world is growing in every aspect, the number of entrepreneurs in every country has witnessed a surge in the past few years. Interestingly, most of these entrepreneurs are young people in their 30s. In this article, we are going to discuss the top 10 richest entrepreneurs in Kenya under 40 years of age.
List Of The Richest Kenyan Entrepreneurs Under The Age Of 40
- June Syowia
- Eugene Mbugua
- Eric Muthomi
- Paul Kihiko
- Anerlisa Muigai
- Gloria Mitchelle Otieno
- Trushar Khetia
- Zammer Verjee
- Rajiv Mehta
- Lorna Rutto
1. June Syowia
June Syowia is the CEO of Beiless Group, where she develops the company’s vision and strategy to become Africa’s leading provider of digital solutions with cutting-edge services for mobile and desktops.
The 25-year-old young businesswoman is a seasoned leader with a track record of success in the tech sector.
She has received awards and recognition on a worldwide scale, including being listed in Forbes as one of the top 30 under 30 young innovators and one of the most promising African entrepreneurs of 2018.
She also received Business Daily Africa Top 40 Under 40 Award in 2015, the Most Influential Kenyans Award in 2016, and the Global Student Entrepreneur Award in 2017.
2. Eugene Mbugua
Eugene Mbugua is a 30-year-old young man who founded Documentary and Reality Television Limited. Eugene’s first television show, Young Rich premiered when he was 22 years old. He achieved the second spot on the list of richest entrepreneurs in Kenya under 40 years.
That show debuted on one of Kenya’s top television stations K24 and thus he became the country’s youngest producer with a show on national television.
Eugene founded Number7, a well-known cocktail bar in Nairobi’s central business district. He also established Bullocks Farm with his business partners.
3. Eric Muthomi
Eric Muthomi is the 30-year-old CEO of Stawi Foods and Fruits. He founded the firm aiming to solve malnutrition and food insecurity in Africa.
Eric graduated from the Catholic University of eastern Africa with a law degree. In addition, he holds a diploma from the esteemed United States International University Nairobi, where he received a Certificate in Management and Innovations for Agribusiness Entrepreneurs.
He also holds a certificate in enterprise management. Four awards have been given to Eric for his remarkable performance, including the Top 30 Under 30 Best Young Entrepreneurs in Africa Award from Forbes Africa.
4. Paul Kihiko
Paul Kihiko is the 33-year-old founder of Wing It Nairobi, a fast-food establishment that primarily specializes in chicken wings.
The company was founded in 2012, with a fund of $5 million. Paul received Sh4 million from his father and used his savings for the remaining.
The first branch of Paul Kihiko’s startup was at the Galleria Shopping Mall. It was very challenging for him during the early days of business and later in 2017 two investors brought a deal of $75000.
By 2018, the branch ranked among the top 6-figure annual revenue-earning startups. He then opened another branch at The Hub shopping Mall. His business is supposed to have a monthly income of $15,000.
Paul Kihiko was named among the 2018 most influential young entrepreneurs in Africa by Forbes.
He is a degree holder in International Tourism and Hospital Management from the University of Sunderland.
5. Anerlisa Muigai
Anerlisa Muigai is the eldest child of Tabitha Muigai Karanja, the founder, and owner of Keroche Breweries. Anerlisa founded the business Nero Limited, a company that produces premium drinking water. She got in place of fifth on the list of the richest entrepreneurs in Kenya under 40 years.
This 33-year-old young woman was introduced to business at a very young age. She founded Nero Limited in the same way her parents did, producing and selling high-end bottled water brands including Executive Still Water and Life Still Water.
Anerlisa is a successful woman who began her firm instead of concentrating on the wealth and economic interests of her family.
She was one of three Kenyans nominated for the Bizna-organised competition for Female Entrepreneur of the Year 2018. She placed second position for the Young Entrepreneur Award.
6. Gloria Mitchelle Otieno
Gloria Mitchelle Otieno is the CEO of Recours Four Kenya Consultants Limited popularly known as R4Kenya. The 34 years old entrepreneur invested $2000 of her savings into R4 Kenya because she is passionate about giving young people professional opportunities.
The R4Kenya team provides expert assistance with human resources including employee outsourcing, recruitment, training, and consulting.
Clients of R4Kenya come from a variety of industries, including banking and financial services, real estate, non-profit organization, hospitality, healthcare, educational institutions, oil and gas, media and communications, telecom, and agriculture.
The World Bank Group, the Kenya National Examination Council, the United States Agency for International Development, The British Pharmaceutical giant GlaxoSmithKline plc, and Spotspesa are a few of the clients of the business.
7. Trushar Khetia
A 34-year-old successful businessman from Kenya, Trushar Khetia is the founder of Tria Group. Trushar Khetia is the CEO and chairman of this startup.
Tria Group of companies is a Kenyan outdoor advertising company that promotes top consumer items using public vehicles.
The business was founded in 2013 and it distributes advertisements for customers like Unilever, Google, Hp, Dell, and Konia Minolta on more than 200 buses in Nairobi. The business generates more than $1.3 million in annual revenue.
In addition, Khetia is the creator of Society Stores, a renowned store in the industrial town of Thika, located 40 kilometers to the northeast of Nairobi.
8. Zammer Verjee
Zammer Verjee is the Founder and CEO of Studio AZ, an architectural and interior design company. He secured an eighth place on the list of richest entrepreneurs in Kenya under 40 years.
Although Zameer came from a wealthy background, his family lost everything, and their business was placed in receivership. While starting from scratch was difficult, his courage pushed him forward.
In 2012, he started Studio AZ and was listed in the Business Daily’s top 40 under 40. He was one of the two Kenyans to appear on the prestigious Forbes Africa Top 30 Under 30 Entrepreneur list in 2017.
He received the five-star acclaim award for Best Residential and Commend Commercial Designer. From Dubai.
Also Read:- Top 10 Richest Families In Kenya 2023 – Latest List
9. Rajiv Mehta
Rajiv Mehta is one of Kenya’s most exceptional young entrepreneurs under the age of 40. The 35-year-old serial entrepreneur is the creator of Tangerine Investments, an outdoor advertising company that promotes top consumer items in Kenya through public vehicles, trash cans, and street poles.
Customers of Tangerine, which was established in 2008, include Kenya Airways, Pizza Inn, Subway, and Coca-Cola HP. The business Rajiv Mehta makes more than $1 million in annual revenue.
Rajiv has been named by Forbes as one of the young and rapidly rising African entrepreneurs who is setting the standard for the sector.
10. Lorna Rutto
Lorna Rutto is the inspired leader of EcoPost, a social organization established in response to the urgent need for alternatives to traditional trash management methods.
The 36-year-old businesswoman established her business in 2009, which collects plastic wastes and produces fencing posts that are economically viable, incredibly durable, and environmentally friendly.
In addition to giving Kenya a viable commercial alternative, Lorna has preserved over 250 acres of forest and removed over 1 million kilograms of plastic waste from the environment.
Lorna was awarded as the sub-Saharan Africa laureate in 2011 by the prestigious Cartier Women Initiative Awards.
