Billionaire businessman Ronald Karauri net worth is speedily ballooning with a steady income from Sportpesa and corporate shares. His wealth base extends from business to mainstream politics.
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Karauri rose to fame through his exemplary leadership in SportPesa, a gamechanger betting company in Kenya, Tanzania, South Africa, Nigeria, Italy, Ireland, and the Isle of Man.
SportPesa CEO Ronald Karauri Net Worth
The networth of SportPesa CEO, Ronald Ndungu Karauri is Ksh. 1 billion as of 2023.
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He earns a yearly salary of Ksh. 12 million excluding lucrative benefits and allowances.
Education and career history
Early in his life, Karauri dropped out of university where he was pursuing engineering studies for an opportunity in the airspace.
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In 2000, he joined Kenya Airways for an intensive cadet training in Ethiopia. On returning to the country, Karauri landed the job of a co-pilot.
He would co-pilot the famed Boeing 737 at KQ between 2003 and 2008. In 2009, he became a captain, a role he retained until 2014.
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He was at the same time working as chairperson of the Kenya Airline Pilots Association.
Karauri retired from KQ in 2015 to become SportPesa CEO.
“It was not an easy decision back then because I was comfortable at KQ and good at my job. I was leaving that for the tough task of running a company.”Ronald Karauri.
In a recent interview, Karauri revealed selling his parcel of land at Ksh. 25 million to buy shares at SportPesa.
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And now, he controls 54.4% stake in Milestones Ltd, which owns SportPesa.
Under his leadership, Karauri attained a profit of Ksh. 12.9 within five years.
Elsewhere, Karauri owns a 17% stake in Pevans East Africa which pioneered gaming in Kenya under the SportPesa brand.
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SportPesa CEO Ronald Karauri net worth continues to accumulate as much as his business profile. Above all, he is the incumbent Member of Parliament in Kasarani Constituency.