Wambui Kamiru, widow of the late Safaricom CEO Bob Collymore is the sole proprietor of the latter’s wealth valued at millions of shillings.
This is according to exclusive details captured in Collymore’s will obtained by the Standard.
In the will, Collymore appointed State House Chief of Staff Nzioka Waita as a trustee in Wambui’s absence.
Waita worked at Safaricom before he was poached to work at State House and the head of Presidential Delivery Unit (PDU) and later elevated to the Chief of Staff.
Collymore was worth Ksh287 million in 2015. He married Wambui in 2016 and succumbed to cancer in July 2019.
“I give, devise and bequeath all my estate, real and personal, immovable and movable whatsoever and wheresoever situated to my wife for her own use and benefit absolutely,” clause 3 of the Will dated April 18, 2018, reads.
The will was drawn by Kaplan & Stratton in Nairobi and witnessed by Safaricom Chief Finance Officer Sitoyo Lopokoiyit and Charles Wanjohi, Safaricom’s Director of the Consumer Business Unit.
The will stipulates that in Wambui’s absence which gives Waita the power of a trustee, Collymore’s wealth will be shared among three entities.
James Collymore, a son from his previous marriage in the UK will have a 40 per cent stake while his daughter, Sarah Collymore also based in the UK will get another 40 per cent.
The remaining 20 per cent will be shared equally among Wambui’s children upon attaining the age of 18.
The will further read that should the second scenario fail, Nzioka will assume absolute right as a trustee to hold the wealth in trust capacity for education and maintenance of Collymore’s estate.
When the deceased declared his wealth in 2015, he was at the time earning Ksh9 million per month and had Ksh110 million in savings for the next 12 months.
His residential house in London is valued at Ksh54 million, Safaricom shares ksh18.3 million and a further Ksh88.7 million of shares in Vodafone PLC.
Collymore directed that his surplus income be accumulated by investing it and the resulting income added onto his share of wealth.
“No income shall be apportioned or treated as capital,” he stated adding that Waita can use the money to buy stocks, shares and securities.
Collymore also decreed that Waita can borrow loans and appoint a corporation to manage the will.
However, he must insure Collymore’s estate against risks through reputable insurance companies.