With a great love for his roots, this celebrity has been working with various nonprofit organizations. He is among the top 50 thought leaders of emerging markets in “The Financial Times” list in 2009. And, his name also came among the best 20 most influential people in Africa.
Can you guess his name? Yes, the famous American business leader, entrepreneur, and philanthropist- Gerald Mwangi. He successfully made his family as Kenya’s most wealthy one, who owns a net worth of $170 million. Are you curious to know how?
Dr. Gerald Nijuguna Mwangi is a Kenyan career banker, accountant, entrepreneur, and businessman born in 1962 in Kangema, Kenya. The Mau Mau conflict snatched out his father.
Mwangi and his other six siblings lived with their single mother, Grace Wairimu Mwangi. Mwangi achieved BCom (Bachelor of Commerce) from the University of Nairobi.
He also passed the Certified Public Accountant examinations of Kenya, Advanced Management Programme from Strathmore (IESE Business School, Barcelona, Spain).
This brilliant guy has earned five honorary doctorate degrees such as Doctor of Humane Letters from Kenyatta University, Honorary Doctorate in Business Administration from Kenya Methodist University and Doctor of Entrepreneurship from Jomo Kenyatta University of Agriculture and Technology.
Career Beginning and Breakthrough
The career journey of Dr. Mwangi started as an auditor in the banking sector. His life’s bold breakthrough came via the Equity Building Society. At the age of 31 in 1993, Mwangi took up the designation of the director of the strategy in this company.
Within a few years, he successfully made the company turn around, which later in 2004 became Equity Bank Kenya.
Today the Equity Group Holdings Limited is one of the vital financial services organizations across East Africa.
Mwangi is currently Group CEO and Group MD of this group that has a big range of customers base on the African continent in a profusion of $12.4 million.
How Much is Gerald Mwangi Worth?
George Mwangi, along with his family, owns shares in the stock of British American Insurance Company Limited and Equity Group Holdings Limited.
The net worth of Mwangi is upward of US $170 million.
As being one of the major shareholders at Equity, he earns millions of shillings in regular paid from the bank.
This second-largest bank of Kenya says that Mwangi received a salary of Sh (Kenyan shilling) 56.73 million for 2018.
How Does His Net Worth Reach?
When the then senior executives of Equity Building Society (EBS) invited Mwangi, the company was losing approx. USD $60,000 annually then. Mwangi, being the director of the strategy, turned around the company by motivating 27 staff members.
Under his supervision, the company became Equity Bank Kenya and enlisted on the Nairobi Stock Exchange in 2006 and the Uganda Securities Exchange in 2009.
Mwangi is one of the prime shareholders. From a total of 208 million shares, he’ll take home Sh (kenyan currency) 416 million.
According to the report, his net worth has reached $170 million.
His Social Media Presence
Talking about his personal life, in early 2017, he married to Shamea Morton. Their love story started from a party in 2015 and ended up with a luxurious wedding ceremony at the Fairmont Kenya Safari Club in Nanyuki, Kenya.
What is the Gerald Mwangi occupation?
– Gerald Mwangi is a Philanthropist, Entrepreneur, and Business Leader.
How good the intimacy between Mwangi and Shamea couples?
– According to Shamea, Mwangi is super supportive of her whenever things go tough.
Does Mwangi have a hobby for sports?
– Mwangi really likes to attend and support different sports teams of Atlanta with his better-half.
In which rituals did Mwangi marry Shamea?
– As they both are Kenyan, they had a Kenyan marriage ceremony held on Mount Kenya.
What does Gerald Mwangi do in his leisure hours?
– Mwangi says that he either play Football or Racquetball in his spare time. And to recuperate from his long tiring working day, he takes sanctuary in the musical world of Jazz.