Andrew Mukite, born Andrew Mukite Musangi is a Kenyan advocate and a business tycoon whose wealth illustrates the true definition of hard work and determination. Musangi is among the Kenyan silent billionaires who are never in the public eye but they control a bigger share of the economy.
Musangi caught the attention of many Kenyans when he was named as a nominee for one of the most prestigious positions in Kenya, the Chairperson of the Central Bank of Kenya. Despite being among the nominees, Musangi ended up on the topic of the nomination after he declared his wealth to the vetting Committee which was over a billion.
His net worth drew attention from different angles and most Kenyans are still wondering how the business tycoon managed to accumulate this wealth. In our feature, we highlight the journey of Andrew Mukite Musangi.
Andrew Musangi Education Background
Musangi attended the University of Hull in the United Kingdom before being admitted to the bar in 1995.
Family and Wife
Mukite is the son of the late Professor, Richard Musangi who served as the Chancellor of Egerton University. Richard passed away in 2021 at the age of 87 years.
Speaking of his love life, Mukite is married to Mary Ann Musangi daughter of late billionaire Chris Kirubi. The two tied the knot in 2009 and they have been a couple figure in terms of keeping their union private and doing great in the business world.
The two are not only husband and wife but business partners, during the vetting process Musangi was asked if he was going to dedicate his time as the Chair of CBK and the other business he runs. In his response, Musangi cited that his wife does run most of his business and his presence is not always needed in his businesses.
Andrew Mukite Career
Even though much is not known about his childhood background, Mukite’s journey began after he graduated with a degree from the University of Hull. After that, he came back to Kenya and decided to invest in his skills, launching a law firm by the name of Mukite Musangi & Company Advocates (MMC) in 1995.
The firm grew to become one of the best in corporate and commercial law as well as insurance litigation. One of the popular cases he handled was in 2014 when the late businessman Chris Kirubi’s company secured a contract worth Ksh 174 billion but the contract was challenged by a Chinese Company, in Shanghai.
The company secured the services of the best lawyers in the country including Fred Ngatia and Ahmednasir. However, despite facing the law’s heavyweight, Mukite still managed to win the case.
After making it big in the law industry, Musangi decided to venture into another sector, this time around diving to the political arena. However, unlike most people, Musangi joined politics and decided to serve in party positions becoming the chairman of the then-influential party Jubilee National Executive Board.
In this position, he played a major role in the success of Jubilee securing the President seat at the time. Other than his role at the now-defunct Jubilee party, Musangi has also served in private sectors serving in different boards of prominent organizations.
Musangi also sits as the Chairman of the board of trustees for GenAfrica Asset Manager, an organization involved in providing investment opportunities. His performance, in most of the organizations that he leads, played a major role in his nomination as the Chairman of the Central Bank of Kenya.
Despite being a man of many trades, Musangi’s law firm remains his main source of wealth.
Andrew Mukite Musangi Net Worth
Mukite is among the few billionaires in Kenya who is not known by many Kenyas. During, the vetting process, Musangi cited that his net worth is approximately Ksh 1.2 billion which includes his assets.
However, this number might be more if his wife’s wealth is added to that. Speaking of his wife, he’s married to the late Kirubi’s daughter Mary Ann Musangi, who was among the beneficiaries of late Kirubi’s wealth.