Kenyan businessman Naushad Noorali Merali has an estimated net worth of $550 million as of 2015, according to Forbes. The self-made millionaire is the founder of Kencell, a mobile service provider in Kenya.
Naushad’s ancestors emigrated from Gujrat, India. He was born on 1 February 1951 in Nairobi, Kenya. He studied at the Highway Secondary School in the suburbs of Nairobi.
Merali served as the director of the W.P.H Kenya Tea Company (now defunct) from the 1980s to March 2005. Today Merali is one of the leading industrialists in Kenya. He is the founder of the Sameer Group, a Kenyan conglomerate of 15 companies with interests in construction, agriculture, property, IT and finance. Three of these companies are listed in the Nairobi Stock Exchange. He owns shares of Commercial Bank of Africa. He holds positions at the Kenya Export Promotion Council and the International Who’s Who of Professionals.
Merali owns 5 percent of Bharti Airtel Kenya. In the year 2013, he sold a 49 percent stake in Kenyan internet service provider Swift Global to UK-based Liquid Telecom.
Naushad Merali is married to Zarin Merali. He lives in Nairobi. Zarin is an interior design consultant and a director for the Kenyan Paraplegic Organization. Merali’s Zarina and Naushad Merali Foundation donates to hospitals and educational institutions.