Capital News has confirmed that Kenyan Entrepreneur Chis Kirubi is dead. Kirubi was also the Chairman of Capital Media Limited is reportedly to have succumbed to cancer while undergoing treatment in Nairobi.
Kirubi was a famous business man in Kenya who owned a number of top businesses in the capital of the country.
According to Wikipedia and the 2011 Forbes annual rankings of Africa’s richest people in Kenya, Kirubi was ranked the second richest man in Kenya and 31st richest in Africa with a net worth of $300 million in the 2011 Forbes inaugural ranking of Africa’s 40 richest people.
He ranked behind only the Kenyatta family, who were ranked richest in Kenya in 2011 with a net worth of $500 million. However, in 2012, Forbes dropped Kirubi from the list of Africa’s 40 riches.
During the 1960s and early 1970s, Kirubi worked as an Administrator at Kenatco, a government-owned transportation company. Starting around 1971, he began buying run-down buildings in the cities of Nairobi and Mombasa, renovating them and either selling the renovated structures or renting them out. He also began acquiring prime land in and around Nairobi and proceeded to erect rental and other commercial properties, using loans from Kenyan financial institutions.
Kirubi has died at the age of 80 years old. May his soul rest in peace.
CEO Mnews Kenya