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James Mwangi gains $5.8 million as Equity Group shares soar

Summary by Billionaires.Africa
Key PointsJames Mwangi’s Equity Group stake gained $5.78 million in 37 days, reversing earlier losses from a market dip.Equity shares jumped 13.75%, lifting the lender’s market value above $1.4 billion and boosting Mwangi’s net worth.Equity Group reported a $377.3 million profit in 2024, backed by regional expansion and strong shareholder payouts.James Mwangi, Kenya’s richest banker and long-serving CEO of Equity Group, has seen the value of his…
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Billionaires.Africa broke the news in on Friday, May 16, 2025.
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