I’m worth Sh993million, Chelugui reveals
Cabinet Secretary nominee for Co-operatives and Micro, Small and Medium Enterprises Development Simon Chelugui has revealed that he is worth Sh993 million.
He revealed that his wealth grew by Sh197 million between 2018 and 2022 as a result of the appreciation in value of his assets.
Appearing before the National Assembly’s Committee on Appointments, Kathiani MP Robert Mbui, tasked Chelugui to explain why his net worth rose from Sh796 million that he declared on February 13, 2018 to the Sh993 million that he disclosed on Saturday, October 22, 2022.
“A majority of these assets have appreciated in value. They include land and buildings whose net value has gone up over the last five or so years,” Chelugui said.
According to Chelugui, his wealth is distributed in the form of houses including rentals in Nairobi and dairy and beef farming.
“Chairman I am worth Sh993 million. I have a dairy plant, I have houses – the residence that I live now and rental houses in Nairobi – and also I’m a farmer, I keep cows dairy and beef,” he said.
He also said that he was tax compliant.
“I have several houses, including my residence and rental apartments in Nairobi. I also keep cows for dairy and beef,” he said.
He is the only CS from the former regime that was picked to continue serving under President William Ruto.
In former President Uhuru Kenyatta’s government, Chelugui served in two different ministries. They are Water and Sanitation (2018-2020) and Labour and Social Protection (2020-2022).
