Bhimji Depar Shah
Bhimji Depar Shah, is a Kenyan businessman, industrialist and entrepreneur.[2] He is the founder and current chair of BIDCO Group of Companies, a Kenya-based, family-owned manufacturing conglomerate with businesses in 13 African countries.
Bhimji Depar Shah | |
|---|---|
| Born | 1931 (age 89–90) |
| Nationality | Kenyan |
| Occupation | Businessman, entrepreneur and industrialist |
| Years active | 1970–present |
| Organization | Bidco Group of Companies |
| Net worth | $700 million (November 2015)[1] |
According to Forbes annual ranking of Africa's richest in Kenya Bhimji Depar Shah is the richest man in kenya, and 31st richest man in Africa with a net worth of $700 million as of November 2015.[1]
History
He was born in Mombasa, Kenya in 1931. He settled in Nyeri, opening up a petrol station in the town. In 1970, he started Bidco Industries Limited, a garments manufacturing business. In 1985, the company switched to soap production.[3] In 1991, Bidco opened up an edible oil manufacturing plant in Thika, and moved its International headquarters into the town, northeast of Nairobi, Kenya's capital. As of November 2014, the industrial conglomerate is a leading manufacturer of soaps, detergents, and baking powder, with annual gross revenue in excess of US$500 million. Bhimji's son Vimal Shah serves as the company's chief executive officer.[4]
See also
- List of wealthiest people in Kenya
- Vimal Shah
- Economy of Kenya
References
- "Bhimji Depar Shah & family". Forbes.
- Nsehe, Mfonobong. "Wealthy Bhimji Shah Family Of Kenya Builds $200 Million Industrial Park". Forbes.
- NetWorth (4 September 2015). "Bhimji Depar Shah Net Worth". Celebrity Net Worth. Retrieved 5 October 2017.
- Forbes, . (November 2014). "Africa's 50 Richest: #33 Bhimji Depar Shah & Family". Forbes Magazine. Retrieved 20 November 2014.CS1 maint: numeric names: authors list (link)