Former ICT Cabinet Secretary Eliud Owalo has revealed that his net worth currently stands at Ksh1 billion. The 2027 presidential aspirant disclosed this during an interview on Sunday, February 1, though he did not provide details about the assets that make up his wealth.
“I am worth about Ksh1 billion right now,” Owalo said. This marks a significant increase from October 2022, when he declared a net worth of Ksh645 million during the vetting process for Cabinet Secretaries.
At the time, he attributed his wealth to land investments, ventures in the hospitality sector, and commercial tree farming.
Owalo also indicated that he will announce the political party under which he intends to run for president later this month.
He emphasised that he will only join a coalition that pursues an issue-based agenda aimed at addressing the real challenges facing Kenyans.
“I will not be party to the type of politics I am seeing today. I do not believe in politics where you put together ethnic conglomerates for the purpose of winning elections and sharing power,” he said.
The former CS said that if elected, his main focus would be ensuring that Kenyans have money in their pockets and food on the table.
“My preoccupation is to put money in the pockets of Kenyans and food on the table; everything else to me is an illusion,” he added.
Owalo publicly announced his presidential bid on January 11, 2026, during an event marking the anniversary of his grandfather’s death at the Nomiya Church headquarters in Siaya County.
In his announcement, he said that after more than 15 years of working behind the scenes for other leaders, he felt it was time to seek the nation’s top office himself.
He stressed that his ambition is driven by a commitment to serve “the Kenyan people” rather than individual political figures.
Following his declaration, Owalo resigned from his position as Deputy Chief of Staff, saying that remaining in government while contesting the presidency was no longer feasible.
