Nairobi, Kenya – Kakamega Senator Boni Khalwale has weighed in on the sharp rise in the net worth of former Cabinet Secretary Eliud Owalo, who recently disclosed that he has crossed into the billionaire’s club.
In a brief statement posted on his Facebook account on Tuesday, February 2, 2026, Khalwale marveled at how quickly Owalo’s wealth has grown over the past three years while serving in government.
“@EliudOwalo, without belabouring the specifics, so you are now a billionaire? Bro, that’s quite fast!” Khalwale remarked.
From Ksh 645 Million to Ksh 1 Billion
Owalo first declared his net worth at Ksh 645 million in October 2022 during vetting for his cabinet appointment. At the time, he detailed his assets before the National Assembly Committee on Appointments, including:
- A residential house in Nairobi worth Ksh 120 million.
- An upcountry home valued at Ksh 70 million.
- Land upcountry worth Ksh 200 million.
- Four cars worth about Ksh 15 million.
- A hotel facility valued at Ksh 80 million (expected to reach Ksh 293 million upon completion).
- Commercial tree planting ventures estimated at Ksh 160 million.
These assets brought his total declared wealth to Ksh 645 million.
Owalo was subsequently appointed to the Cabinet and later served as President William Ruto’s Deputy Chief of Staff, before resigning from the position.
Billionaire Status
In an interview with a local TV station on Sunday, February 1, 2026, Owalo disclosed that his net worth has now risen to about Ksh 1 billion, reflecting an increase of Ksh 355 million since joining government.
“That is an interesting question. I am worth about 1 billion shillings right now,” Owalo said, framing the disclosure as a statement of transparency while positioning himself as a reformist.
Eye on 2027 Presidency
Owalo has announced his intention to contest the presidency in the 2027 elections, presenting himself as a reformist candidate. His billionaire status, coupled with his political ambitions, has sparked public debate on wealth accumulation in government and the transparency of leaders seeking higher office.
Conclusion
Senator Khalwale’s reaction underscores the growing scrutiny of political figures’ wealth in Kenya. As Owalo positions himself for a presidential run, his rapid rise to billionaire status is likely to remain a focal point in discussions about governance, accountability, and reform ahead of the 2027 elections.
