Prime Cabinet Secretary nominee Musalia Mudavadi declared his net worth this morning during vetting by the National Assembly Committee on Appointments.
Mudavadi pegged his fortunes at Ksh4 billion.
“If I take my investments in shares in some companies and also the properties that I own, I would put my net worth at around Ksh4 billion,” he said.
The former Vice-President detailed that earns his millions through rentals, and dividends in firms where he has shareholding, interests, and farming.
Some of the known assets owned by Mudavadi include an exclusive aircraft, office space, and property in Nairobi’s Riverside suburb.
Mudavadi is the son of former powerful Kanu-era Minister Moses Mudavadi. After his father’s death, former President the late Daniel Arap Moi picked Mudavadi from the university, make him a Minister, and ensured he contested for the Sabatia parliamentary seat unopposed in 1989.
At the same time, Mudavadi revealed that he has ceded the leadership of Amani National Congress (ANC), a party he has led for close to a decade. A Cabinet Minister must not be a member of a political party in line with the Constitution.
Asked whether he was content with the location of his office, housed at Kenya Railways headquarters along the noisy Haile Selasie Avenue, he said: “I’m happy with the Kenya Railways as an office, Kenyans who voted for us are there every morning, and evening and it a constant reminder to me that we should not let them down but work hard on their behalf.”
National Assembly Minority Leader Opiyo Wandayi also pressed the former Finance Minister to divulge the allegation of grabbing public land in Woodley estate, Nairobi.
“I have not been linked to any land-grabbing scandal. I stayed in Woodley and to this day members of my family pay rent to the Nairobi County Government. In my view, it was a witch-hunt at that time,” he said.