Njenga Karume was one of the most celebrated icons in Kenya having owned a major business empire during his life as a business man.
After his death his will and testament was to be read and among the huge beneficiaries is his young 4 year old son Emmanuel Karume Njenga set to acquire the billionaire status at a go.
The young Emmanuel whom Njenga Karume loved dearly will be receiving a huge chunk of wealth from his late fathers will. The boy will inherit the following :
His father’s shares in Kiambu General Transport Agency Ltd.
He will take over shares in nine other companies :
– all shares in Majoreni Agencies Limited
-all shares in Ngorongo Tea Factory Limited
-25 per cent shares in Heri Limited
-12.5 per cent shares in Kenya Wine Agencies Limited and a share in each of the following companies:
*Jacaranda Hotel Limited
*Karume Investments Limited
*Kabete Distributors Limited
*Cianda Estates Limited
*Forest Road Flats Limited.
It has emerged that eight months before his death, Karume swore under oath in front of his long trusted physician Dr Dan Gikonyo of Karen Hospital and Bishop David Kamau, to ensure his vast estate was divided according to his wishes.
If this takes place young Emmanuel will be the newest Bilionaire in town when he becomes of age and will join the likes of Vimal Shah, Equity Bank CEO James Mwangi, Chairman Peter Munga, Financial magnate Jimnah Mbaru, Centum Investment company shareholder Chris Kirubi, and Sameer Group chairman Naushud Merali.
Karume did not want his clothes, attire and wearing apparel to be distributed but he donated them to a charitable institution to be selected by executors of his Will. He gave all his chattels including household items, furnishings and personal effects to his wife Grace Njoki.
In the Will dated June 6, 2011, the businessman and veteran politician instructed his lawyers to transfer all his properties to the intended beneficiaries before he died and if any transfers were incomplete upon his death, they were to be treated as a bequest to the beneficiaries. Multi-billion estate
Source – Standard News