Richard Waitumbi has built an impressive investment career in the United States, rising from a Kenyan schoolboy to managing director at Goldman Sachs Asset Management in New York.
Waitumbi attended Greensteds International School near Nakuru, where he served as head boy during the 2008–2009 academic year.
His journey to the United States was made possible by a scholarship to Dartmouth College, an Ivy League university in New Hampshire. He graduated in 2013 with degrees in Engineering Sciences and Chemical Engineering, earning the magna cum laude academic distinction.
He later changed his career direction after developing an interest in investments and private equity. He worked at Bain and Company before joining New Mountain Capital in 2016 as an investment associate.
Waitumbi subsequently enrolled at Harvard Business School, where he graduated as a George F. Baker Scholar, an honour reserved for students in the top five per cent of the graduating MBA class. He also won the 2019 Harvard Business School Investment Strategies Competition, receiving a $10,000 prize.
In 2024, he joined Goldman Sachs, where he now oversees investments in education and workforce development.
According to a 2025 Wall Street Journal report, Goldman Sachs managing directors typically earn base salaries of approximately $400,000 annually, equivalent to about KSh4.3 million monthly before taxes. Performance bonuses can further increase their earnings.
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