Jacob Juma Wealth

2305

 

Jacob Juma, the controversial businessman, was extremely rich-few people know the man but the name is now trending worldwide.

Venas News has established that Juma knew big people, he could smell money from kilometres away, he could intimidate anyone crossing his path-qualities that made him one of the wealthiest Luhya until his death.

According to our research,Juma either owns  or had shares in the following companies:

  1. Cortec Mining Kenya Ltd,
  2. Erad Supplies and General Contractors
  3. Cortec SA,
  4. Cortec Uk,
  5. Pacific Wildcat Resources Corp.
  6. Rio Tinto
  7. First Western, UK.

Before his death, the slain billionaire had almost won a tender with the ministry of mining which could see his company, Cortec Mining Kenya Ltd, make over Sh 7 trillion. But the then former Mining Cabinet Secretary, Najib Balala, declined to award the tender to Juma’s company.

Juma proceeded to court-he loved court cases-to seek compensation amounting to Sh5 trillion in damages.

It is said that Juma owns a Sh 100 million home in Karen. Has invested heavily in land and real estate and also has interest in Manufacturing and hotel industry.

Roughly, he is worth Sh 10 billion,excluding unknown amount invested outside Kenya.