Wealthy Nairobi billionaire Samwel Mburu who owns Jade Collections among other prime assets has been taken to court by his grandchildren.
At the center of the bitter fight is an empire valued at 7 billion shillings which the children want a share of. Reports published by Business Daily on Thursday, 03 June 2021 indicate that Kevin Wakaimba and Ivan Wakaimba, want their grandfather to include them in the distribution of his wealth.
According to papers filed in court, the youngsters argue that their grandfather has had a tight grip on their wealth and has failed to cater for their financial needs including school fees.
This has seen them drop out of collage and end up in court, arguing that they still have school fees to clear and want to receive a share of Mburu’s expansive wealth.
Kevin claims that he was forced to drop out of a film course he was pursuing in a university in South Africa due to lack of school fees.
On the other hand, Ivan was allegedly dismissed from an aviation school in Malindi after failing to pay fees.
The duo claimed that the family side-lined them after their father passed on 31 years ago in a tragic road accident.
The siblings further claim that the family conspired and threw them out of their father’s 100-acre flower farm that is worth millions.
Mburu the billionaire has a vast empire that includes Jade Collections that has branches in Nairobi, Nakuru, Kisumu and Eldoret.
He also has rental apartments and acres of land found in Rift Valley as well as major towns such as Nairobi and Eldoret.