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The late Naushad Merali was a shrewd investor who could instinctively tell when a business was on the verge of collapse and jump out of it.
But the reticent billionaire also had a nose for a quick buck. As a result, his wealth has grown in leaps and bounds even as most of the companies he divested from have turned into shells.
Two weeks ago, a report by charitable organisation Oxfam ranked Merali’s son Sameer Naushad Merali - who controls his father’s estate - as the richest person in Kenya.
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