Here's Julius Mwale’s Net worth

Money talks

By  | Nov 28, 2022, 11:41 AM  | Top of The

Julius Mwale’s Net worth
Technology fanatic Julius Mwale attended school in bare feet and is now a successful billionaire who enjoys life in the first lane. Julius Mwale’s networth has been a subject of curiosity ever since he became popular after placing a bid of 27 million on Mumias Company. 

Mwale was raised in Butere, Kakamega County's Lunza community. He explained that since his parents were entrepreneurs, the responsibility was naturally given to him in a previous interview with Capital FM. Mwale, however, recently claimed that his parents died when he was still a child.

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The Mwale Medical and Technology City

(Image | Instagram)
Julius Mwale’s Networth is as a result of his investment in the technology industry. The tech guru has accumulated a lot of properties over the years making him among the richest people in Kenya. In Mwale Medical and Technology City, he is one of the major investors. 

In Kenya's Butere Sub-County, a sustainable metropolis worth $2 billion has been built by Mwale.

It is centered on a sizable hospital facility that includes the 5,000-bed Hamptons Hospital and a research and innovation park in the Plaza neighborhood. It also includes a sizable industrial area that is home to a manufacturer of solar power plants with a 10 megawatt capacity and a data center that cost Ksh 28 billion.

Three additional districts include a commercial shopping area with a mall, supermarkets, and hotels, a residential neighborhood with a 36-hole golf course, and an airport district for patients to be transported to the hospital via a future cable car.

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Mwale’s SBA Technology

(Image | Instagram)
Julius Mwale’s networth also channels from his SBA Technology company. After earning his degree in electrical engineering from Columbia University, Mwale founded SBA Technology, a business of which he served as president and head of strategy.

An unlikely location for a technological company, New York, was home to the company that invented the wave-based biometric system. Mwale was able to hire engineers from all over the world and create a whopping 2 million US dollars with this enterprise.

By 2003, the business had 60 employees, and the Bank of New York was one of its first renowned customers.

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Julius Mwale Bidding for Mumias Sugar

(Image | Instagram)
A company associated with Mwale submitted the highest proposal of Ksh. 27.6 billion in 2021 in an effort to revive Mumias Sugar Company, which is currently in receivership. Among the eight potential investors, Mwale won. Kruman Finances placed second with an offer of Ksh 19.7 billion.

Mumias, which used to produce more than 250,000 tonnes annually and served as Kenya's top producer, was forced to close due to bad management, significant debt, and years of rising losses.  This move by the tech guru attracted many Kenyans who became eager to know Julius Mwale’s networth.

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Julius Mwale’s Other Properties

Back home in America, Julius is a filthy rich tycoon who raises an average of 19 horses for Ksh. 1.5 million apiece. He is said to be residing in the same neighbourhood as Donald Trump and other American tycoons.

This is an evidence that Julius Mwale’s networth must be a lot to earn him such a lifestyle. Narok Senator Ledama Ole Kina was photographed aboard the $4 billion Julius Mwale Private Jet Gulfstream G450 in May 2022. The 14-passenger aircraft's powerful Rolls Royce engines allow it to go at a top speed of 1,85 km/h.

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