Gerald Mwangi is a Kenyan-born American businessman who has made a name for himself in the business world.
He is known for his natural leadership skills and business acumen, which have helped him to build a successful career.
Mwangi has been involved in various business ventures, including technology, real estate, and finance.
Mwangi’s net worth has been of interest to many people.
According to recent estimates, his net worth is reported to be between $100 million and $175 million.
This substantial fortune can be attributed to his diverse business portfolio and ability to identify and capitalize on lucrative opportunities.
Despite his success, Mwangi remains humble and grounded.
He is actively involved in several non-profit organizations and is committed to giving back to his community.
In this article, we will examine Gerald Mwangi’s net worth and his journey to success as a Kenyan businessman in America.
Table of Contents
- Who Is Gerald Mwangi?
- What Is Gerald Mwangi’s Net Worth?
- What Are Gerald Mwangi’s Sources of Income?
- Frequently Asked Questions
- What business ventures contribute to Gerald Mwangi’s wealth?
- What is the estimated value of Gerald Mwangi’s real estate holdings?
- How does Gerald Mwangi’s net worth compare to other Kenyan billionaires?
- How has Gerald Mwangi’s marriage to Shamea Morton impacted his financial status?
- What philanthropic activities is Gerald Mwangi known for?
Who Is Gerald Mwangi?
Gerald Mwangi is a Kenyan-born businessman who has become a successful entrepreneur in the United States.
He was born in Kangema, a small town in Central Province near Mount Kenya.
Mwangi is a private person, and little is known about his life.
However, he is married to Shamea Morton, an American reality television personality and model, who has appeared on shows such as “The Real Housewives of Atlanta” and “Porsha’s Having a Baby.”
Morton and Mwangi married in 2017 at a lavish wedding in Nairobi, Kenya, attended by several celebrity guests, including Eva Marcille.
Mwangi’s success as a businessman is attributed to his diverse business portfolio, which includes investments in technology, real estate, and finance.
He is the president of a mechanical contracting company based in the United States and a major shareholder in Equity Bank, the second-largest bank in Kenya.
In 2018, Mwangi received a salary of Ksh 56.73 million from the bank, which is a testament to his success in the financial industry.
Mwangi is also known for his philanthropic work. He is involved in several non-profit organizations, including the Plainsview Hill Academy, a school in Kenya that provides education to underprivileged children.
Mwangi is a sports fan and enjoys watching basketball and football games.
Mwangi’s family includes his father, James Mwangi, the CEO of Equity Bank, and his sister, Shya Nyambura Mwangi, an African princess.
Despite his success and wealth, Mwangi remains humble and grounded, and he continues to inspire others with his hard work and dedication to his businesses and philanthropic endeavors.
What Is Gerald Mwangi’s Net Worth?
Gerald Mwangi’s estimated net worth is reported to be between $100 million and $170 million.
This substantial fortune can be attributed to his involvement in various successful business ventures.
One of Mwangi’s most notable business ventures is his involvement in Equity Bank, where he is one of the major shareholders.
As a result, he earns millions of shillings in regular bank pay, and in 2018 alone, he received a salary of Sh56.73 million.
In addition to his involvement in Equity Bank, Mwangi is associated with other notable companies in Kenya, including the BIDCO Group of Companies, Centum Investment Company Limited, and the Comcraft Group of Companies.
These companies are known for their successful operations in various sectors of the economy, including manufacturing, real estate, and finance.
It should be noted that Mwangi’s net worth is not solely based on his involvement in these companies but also on his private company and conglomerate with businesses in various sectors.
However, the exact details of his private company and conglomerate are not publicly available.
What Are Gerald Mwangi’s Sources of Income?
His diverse business portfolio includes technology, real estate, and finance investments.
Mwangi’s ability to identify and capitalize on lucrative opportunities has been the key to his success.
HVAC Mechanical Building Construction Division
One of Mwangi’s sources of income is his HVAC Mechanical Building Construction Division.
This division specializes in installing, repairing, and maintaining heating, ventilation, and air conditioning systems for commercial and industrial buildings.
The division has completed numerous projects in North Carolina and other states, contributing significantly to Mwangi’s wealth.
Construction Engineering Management
Mwangi is also involved in construction engineering management, which involves planning, designing, and constructing buildings, roads, and other infrastructure projects.
The division has completed several high-profile projects in the African continent, including constructing the Meru University of Science and Technology and the University of Nairobi.
Mechanical Systems
Mwangi’s Mechanical Systems division specializes in installing, repairing, and maintaining mechanical systems such as plumbing, electrical, and fire protection systems.
The division has completed several projects for government agencies and private companies, contributing significantly to Mwangi’s net worth.
Energy Company
Mwangi also has investments in the Energy Company, which specializes in producing and distributing electricity and natural gas.
The company operates in several African countries and has received recognition from the Commonwealth Business Council and the Oslo Business for Peace Award.
Mechanical Contracting Company
Mwangi’s Mechanical Contracting Company installs, repairs, and maintains mechanical systems for industrial and commercial buildings.
The company has completed several projects in Kenya and other African countries, contributing significantly to Mwangi’s wealth.
Mechanical Contracting Firm
Mwangi’s Mechanical Contracting Firm specializes in installing, repairing, and maintaining mechanical systems for residential buildings.
The firm has completed several projects in Kenya and other African countries, contributing significantly to Mwangi’s net worth.
Platinum Intermedia
Mwangi is also a co-founder of Platinum Intermedia, a digital marketing agency specializing in web design, social media marketing, and search engine optimization.
The agency has completed several projects for clients in Kenya and other African countries, contributing significantly to Mwangi’s wealth.
Dominion Energy Management
Mwangi’s Dominion Energy Management manages energy systems for commercial and industrial buildings.
The company has completed several projects in Kenya and other African countries, contributing significantly to Mwangi’s net worth.
Frequently Asked Questions
What business ventures contribute to Gerald Mwangi’s wealth?
Gerald Mwangi’s wealth is due to his investments in various sectors, including banking, insurance, real estate, and energy.
He is one of the major shareholders at Equity Bank, the second-largest bank in Kenya.
Mwangi also has significant investments in the insurance sector, with stakes in Britam and UAP Old Mutual. Additionally, he has investments in real estate and energy.
What is the estimated value of Gerald Mwangi’s real estate holdings?
The estimated value of Gerald Mwangi’s real estate holdings is not publicly available.
However, he is known to have significant investments in the real estate sector, with interests in commercial and residential properties.
How does Gerald Mwangi’s net worth compare to other Kenyan billionaires?
Gerald Mwangi’s net worth is one of the highest among Kenyan billionaires.
According to Forbes, he is currently the fourth-richest person in Kenya, with an estimated net worth of $150 million.
He is behind Vimal Shah, Narendra Raval, and S. K. Macharia.
How has Gerald Mwangi’s marriage to Shamea Morton impacted his financial status?
Gerald Mwangi’s marriage to Shamea Morton, an American actress, has not significantly affected his financial status.
His wealth primarily derives from his business ventures and investments, not his personal life.
What philanthropic activities is Gerald Mwangi known for?
Gerald Mwangi is known for his philanthropic activities, particularly in education.
He has established the Gerald Mwangi Scholarship Fund, which provides scholarships to bright but financially disadvantaged students in Kenya.
Additionally, he has made significant donations to various charitable organizations, including the Kenya Red Cross and the Moi Teaching and Referral Hospital.
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