Bob Collymore declares wealth, reveals he earns Sh10 million salary

By Maureen Murimi, Citizen Digital

Published on  9 December 2015

Mobile service provider Safaricom CEO Bob Collymore has declared his wealth.

In his individual assets declaration 2015, Collymore revealed he earns Ksh10 Million a month, adding up to close to Sh109 million per year.

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The Safaricom boss is also worth over Sh200 million in assets and cash both in Kenya and overseas.

Collymore, who has been working for over 30 years, has a residential house in London, UK worth USD530,000 (about Ksh53,000,000), cash balances in local banks worth USD203,000 (about Ksh20,300,000), Safaricom Limited shares worth USD180,000 (about Ksh18,000,000) and Vodafone PLC shares worth USD871,000 (about Ksh87,000,000).

He also declared his dividends and income of USD5,800 (about Ksh580,000) in the last 12 months.

Collymore’s career took off when he joined UK’s Cellnet in 1993, just as the corporate world was starting to venture into mobile telephony.

“I was walking down a path no one else had walked and I thought, ‘this is good because the rules aren’t written and I’m just going to make the rules up as I go’,” he said in a previous interview.

He was appointed the Chief Executive Officer of Safaricom in 2010, taking over from Michael Joseph who had served as CEO for 10 years.

Collymore was chief officer for corporate affairs at Johannesburg-based Vodacom Group Ltd before his appointment to Safaricom.