LIST OF EXPENSIVE PROPERTIES OWNED BY RAILA ODINGA

Former prime minister and ODM supremo Raila Odinga is a seasoned politician who has been in active politics for close to 40 years.

He is the son of former vice president Jaramogi Oginga Odinga. Raila generated his wealth from politics, business in oil and gas, land, manufacturing and other ventures. His net worth is estimated at over KSh 55 billion.

However, in January 2020, he stated that he is worth KSh 2 billion.

Properties owned by Raila
Riat home
In 2016, photos emerged of Raila’s KSh 1 billion palatial residence in Riat Hills, Kisumu county.

It has 10 bedrooms, Jacuzzis, a humongous helipad, conference halls, a theatre and state-of-the-art kitchens.

The house on the hill has been called, albeit unofficially, Raila’s statehouse.

Critics say that the ODM supremo fashioned himself a building whose magnificence, mirrored the Kenyan statehouse- a house that he has fought four times in a row to step in, unsuccessfully.

Karen home
The former prime minister has a multi-million home in Karen where he stays with his family.

He has in the recent past, hosted his allies at the home as he gears up to make a fifth stab at the presidency.

Runda home
The 76-year-old politician described as the enigma owns another multi-million home in Runda leafy suburbs that is home to the wealthy in Kenya.

In 2018, Raila held a housewarming party in his new mansion in Mombasa.

Mombasa holiday home.

The home is located in Nyali is painted with Egyptian blue and white colours in line with the county government’s directive.

Opoda farm
Raila’s rural home is in Bondo, Siaya county.

The home depicts his Luo culture and hosts his father Jaramogi Oginga Odinga’s mausoleum.

In December 2018, after the handshake, President Uhuru Kenyatta visited the home for the first time after he became president.

Chopper
Raila Odinga is one of the politicians who own choppers.

Several vehicles
Raila Odinga has a fleet of cars to his name.

In October, well-wishers gifted him three state of the art campaign vehicles.

The three blue Toyota Land Cruisers SUVs were presented to the former prime minister at the ODM headquarters, Chungwa House in Nairobi.

List of companies he owns
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East African Spectre
According to its website, the company was established in 1971 at the Kenya Industrial Estates.

The name Spectre was coined from its initial name – Standard Processing Equipment Construction which produced steel windows, doors among other steel products.

The company has a cylinder manufacturing plant and deals with Liquefied Petroleum Gas (LPG).

How it started
In June, Raila revealed his humble beginnings, giving the chronology behind the birth of the company.

The former PM said the company came into being when he was a don at the University of Nairobi.

Standard Processing Equipment began after an Indian technician asked Raila to acquire the machinery dumped by Indians in Uganda, who were being kicked out by the unfriendly Iddi Amin regime.

The question for him then was how he would raise the capital to get the machinery and start his business.

He earned a monthly pay of KSh 2,000 as a don, with the required machinery being valued at KSh 12,000. To raise the amount, Raila said he had to sell his German drive to acquire the machinery.

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“I sold it and got KSh

12,000 to pay the Kalasinga and got the machinery which I used to start my business, Standard Processing Equipment,” he said.
Spectre International Ltd

It has, however, been mired in debts.

In December 2017, over 166 employees of Spectre International Ltd were declared redundant.

In January 2018, their contracts were terminated prematurely without any payment forcing them to sue the company.

The company is engaged in the oil and molasses business.

Pan African Petroleum Company
The company deals with the importation and distribution of petroleum products. It has a turnover of over KSh 500 million.

It was established in 2005.

Source: Tuko