Prime Cabinet Secretary nominee Musalia Mudavadi has publicly disclosed his net worth during his vetting by the Committee on Appointments.
Speaking on Monday, October 17, 2022, Mudavadi disclosed that he is worth Ksh4 billion.
“If I take my investment in shares in some companies and also properties that I own I would put my net worth at about Ksh4 billion,” Mudavadi said.
The former deputy Prime Minister revealed that his current and anticipated incomes are from rental income, dividends from shareholding, interests and other expenses that come from the farm.
Mr Mudavadi who is the Kenya`s 7th Vice president, first became a Member of Parliament in 1989 when he was elected unopposed in a by-election to take the Sabatia Constituency seat vacated by his deceased father Moses Mudamba Mudavadi. He went on to win the seat in the 1992 and 1997 general elections.
Mudavadi has served as Minister for Supplies and Marketing (1989 – 1993), Finance (1993 – 1997), Agriculture (1997 – 1999), Transport, Communications and Information (2000 – 2002). In addition, he has served as Vice-President (2002) and also Deputy Prime Minister and Minister for Local Government of the Republic of Kenya (2008 – 2013).
In March 2010, Mudavadi faced an investigation by the Kenya Anti-Corruption Commission (KACC) over a Ksh283 million cemetery land fraud. KACC officials said the fraud involved the City Council of Nairobi buying land valued at Ksh24 million for nearly Ksh300 million.
Mudavadi is married to Tessie Mudavadi and they have three children; Moses, Michael and Maryanne.
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