Musalia Mudavadi is one of the NASA coalition partners. The man, who at one time served as the Vice President,is among the wealthiest people in Kenya.
Before we reveal the total net worth of the son of Mulembe,we first reveal the “small “assets he owns. Few years ago,Mudavadi bought armoured Range Rover,which cost Ksh 40 million.The former Vice President owns a home in Nairobi,which is estimated at Ksh250 million.
The Amani coalition leader also owns a chopper.In 2016 the presidential candidate acquired a brand new chopper,which cost him not less than Ksh 300 million. The chopper is part of his campaign machinery for the 2017 elections.
According to one of the popular blogs,this is how Mudavadi made his wealth:
“Mudavadi’s wealth puts him almost at par with Raila Odinga and William Ruto. Born Wycliffe Musalia Mudavadi in September 1960 in Vihiga division of the then larger Kakamega District, the young Mudavadi was the privileged son of the late Moses Budamba Mudavadi, a former education officer who later became a very powerful minister in president Moi’s cabinet. Wealth in the larger Mudavadi family could be traced to the long period the elder Mudavadi served as a powerful minister for local government and a close confidant of president Moi. He was first appointed to the cabinet in 1979 soon after Moi succeeded Jomo Kenyatta as president. The senior Mudavadi used his closeness to the president (having been instrumental in getting him nominated to the Legislative Assembly by the colonial authorities in the 1950s) to entrench himself both politically and economically. He was an extremely generous person and in the 80s he regularly hosted mammoth goodwill delegations at his Mululu home in Kakamega, from other parts of Luhyaland. After such visits, each member of the delegation would leave with a bulging pocket from the King of Mululu, as the elder Mudavadi had been nicknamed due to his extensive political influence in the entire Western Province. To some extent. then, one could say that long before the young Mudavadi made his own millions, the larger Mudavadi family was already a beneficiary of old money. In fact the senior Mudavadi was feted as the first Luhya to own a Land Rover vehicle in the 1950s when he served as an education officer in the Rift Valley Province, a no mean feat since Land Rovers were the vehicles of choice for the British aristocracy. Mudavadi’s big break The younger Mudavadi became an MP in 1989 to fill the vacancy created by the death of his father that year. President Moi immediately appointed him Minister for Supplies and Marketing but the 29-year old made little impact owing to his relative inexperience. His big break both in politics and world of business came after the 1992 General elections when he was appointed to the plum portfolio of Minister for Finance. It was as Finance Minister that Mudavadi entrenched himself in the world of business first venturing into insurance and later investment in the banking sector. During his tenure at Treasury, Mudavadi enjoyed good relations with big players and wheeler dealers in business and in the process learnt useful tips on how to keep afloat in the cut throat, ruthless world of business. Mudavadi also enjoyed extremely good rapport with Moi’s former personal assistant and dealmaker Joshua Kulei. There are reports that the two ventured in a few business deals during this period. He later served as Minister for Transport and Communications overseeing the then lucrative parastatals such as Kenya Posts and Telecommunications. He also served at the Ministry of Agriculture, besides the brief two-month stint as vice-president during the final days of the Moi presidency. Despite being very wealthy in his own right, Mudavadi has maintained a cloak of secrecy around his investments unlike other players in the presidential race, such as Raila Odinga. Besides being co-owner of an insurance company, a bank and other companies, among other known Mudavadi investments include an office block in Westlands and a number of residential houses in the city. Mudavadi, a Land Economist by training who started his employment career working for a local real estate agent, Tysons Limited, also has his property management company which operates from Westlands. Analysts estimate Mudavadi’s family wealth to be in the region of hundreds of millions of shillings which means he can comfortably finance a good political campaign from personal resources”
Mudavadi is currently a co principal in the NASA coalition;his wealth will greatly boost his chances of securing NASA presidential ticket.
