Evans Kidero Net Worth. Dr. Evans Kidero is a prominent Kenyan businessman and politician, known for his controversial tenure as the Managing Director of Mumias Sugar Company and as the Governor of Nairobi County. His career has been marked by significant achievements as well as serious allegations of corruption and mismanagement.
Early Life and Education
Education Background:
- Primary School: Unknown
- Secondary School: Mangu High School (Head Boy)
- University of Nairobi: Bachelor of Pharmacy (1983)
- United States International University (USIU): Masters of Business Administration (1990)
Career Progression
Pharmacist: Kenyatta National Hospital
Warner Lambert: 4 years
SmithKline Beecham Healthcare International: 12 years
Nation Media Group: 2 years
Mumias Sugar Company: 10 years (Managing Director)
Nairobi Governor: 5 years (2013-2017)
Tenure at Mumias Sugar Company
Dr. Evans Kidero’s tenure at Mumias Sugar Company (MSC) has been the most controversial part of his career. While he claims to have turned the company into a profitable venture, a parliamentary report in 2015 accused him of being responsible for the financial collapse of MSC. The report cited fraudulent transactions and mismanagement under his leadership. Kidero’s actions at MSC deprived over six million people of their livelihoods, leading to recommendations that he be barred from holding public office.
Legal Issues
In 2015, Kidero was listed by the Ethics and Anti-Corruption Commission (EACC) for processing a KES 300 million payment to lawyer Tom Ojienda for services not rendered. Additionally, a forensic audit by KPMG detailed how mismanagement under Kidero’s leadership led to MSC’s downfall. Former Kakamega Senator Boni Khalwale publicly accused Kidero of being involved in the mismanagement and theft at MSC.
Nairobi Governor
Kidero’s tenure as Nairobi Governor was marked by accusations of poor performance and corruption. His successor, Mike Sonko, defeated him in the 2017 elections, but Sonko’s performance has been viewed as even worse. Kidero was accused of operating an illegal bank account with Family Bank, stashing billions of shillings.
Evans Kidero Properties and Estimated Net Worth
Real Estate and Properties:
- Stately Home in Muthaiga: Estimated at $5.2 million
- Yala Towers: Estimated at KES 1.9 billion
- 50 Rental Houses on Riara Road: Estimated at KES 2 billion
- Muthaiga Heights: Estimated at KES 1 billion
Luxury Items:
- 2015 Rolls-Royce Phantom: Estimated at KES 40 million (Though his communications director denied ownership)
- Choppers: Owned through companies
Shares and Investments:
- In 2012, Kidero purchased 3.2 million shares in Family Bank, making his stake 1.3%. He also holds shares in other undisclosed companies.
Other Assets:
- Kidero is said to have extensive real estate interests and possibly other undisclosed business ventures.
Net Worth:
- The former Nairobi Governor’s estimated net worth is between $800 Million.
Personal Life
Date of Birth: May 20, 1957
Place of Birth: Nairobi, Kenya
Family:
- First Wife: Abigael Kidero (deceased, 2010), with whom he had three children.
- Second Wife: Susan Kidero (married in 2011), daughter of the late trade unionist Tom Mboya.
Notable Incidents:
- Kidero is known for his short temper, famously slapping former Nairobi Women Representative Rachel Shebesh in his office and engaging in a physical altercation with Mike Sonko.
Conclusion
Dr. Evans Kidero is a figure of immense wealth and influence in Kenya. His career, marked by significant controversy, has seen him amass a fortune estimated between KES 9 billion and KES 10 billion. While his achievements in business and politics are notable, his legacy is marred by accusations of corruption and mismanagement, particularly during his tenure at Mumias Sugar Company.
