Kindiki’s net worth hits Ksh694M
By Lutta Njomo, August 1, 2024Interior Cabinet Secretary nominee Kithure Kindiki’s net worth has increased by Ksh150 million in 21 months.
Appearing before the Committee on Appointments on Thursday, August 1, 2024, Kindiki confirmed that his wealth has increased to Ksh694 million.
In October 2022 when he faced the Committee on Appointment, Kindiki placed his net worth at Ksh544 million.
However, Kindiki noted that he has not done any business with the government.
“I have also been asked about my wealth which has increased from Ksh544 million to Ksh694 million.
“First, let me say that I have not done any business with the government, I have not applied for any tender by myself, my family members or proxies,” Kindiki stated.
How it grew
According to the Interior CS nominee, his law firm has generated revenue which has contributed to the increase in his net worth.
Kindiki detailed that some legal fees were pending even before he was appointed as CS, so the payment made his wealth grow by Ksh150 million.
The former CS also runs small businesses which he did not mention during the vetting exercise.
“I do not practice law but my law firm is alive and working. Much of that revenue has come from my law firm. All my salaries and allowances have been spent on paying bills,” he stated.
Kithure Kindiki: My wealth has increased from Sh. 544 to Sh. 694M. I have never done business with the government or applied for any tender personally or by proxy. #K24Siasa pic.twitter.com/PUWskLz29V
— K24 TV (@K24Tv) August 1, 2024
Breakdown of his worth
Kindiki disclosed that he has two homes, in Nairobi and Tharaka Nithi worth Ksh190 million.
The former CS also owns land and buildings worth Ksh235 million and savings in saccos and banks.
He also notified the chairperson of the vetting committee that he has vehicles worth Ksh17 million.