The crown jewel of inheritance is the Sh8 billion gated community in Gingalili farm, Nakuru County
By GW Ngari
Unlike other wealthy parents who favour certain children, the late President Mwai Kibaki’s Will shows his four children- three sons and a daughter-were equal in his fatherly eyes: They will equally share all cash in bank accounts and proceeds of any investments including the Sh8 billion gated community coming up in the family’s Gingalili farm in Nakuru County, besides a chunk of Sh800 million from selling Union Towers in Nairobi to Mt Kenya University in 2014.
For a glimpse of cash to be shared out, consider Kibaki’s combined salary in the 10 years as President and six years after retirement is around Sh400 million minus allowances and other perks. His lump sum gratuity for two terms was Sh25.2 million minus any interests. Then there is money earned from over 40 years in politics and business-and his beloved S600 Mercedes.
The four children; Jimmy, Judy, David and Tony Kibaki will inherit business interests whose broom sweeps across; real estate, large-scale agriculture, property, listed equities, textiles, finance, fashion retail, property, insurance, art and curios, hospitality and agro-processing.
The late President Kibaki’s Will excludes ‘second wife’ Mary Wambui and daughter Winnie Mwai
It is not clear whether Kibaki’s Will touches on First Lady Lucy’s estate valued at Sh200 million
Another 62 year old woman claims she was born after her mum met Kibaki in London where they were students
Kibaki owns a stake in Heri Ltd-largest shareholders of Mercedes dealership, DT Dobie
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