Former Safaricom Chief Executive Officer (CEO) Bob Collymore left all his wealth in Kenya totaling to hundreds of millions to his wife Wambui Kamiru.
The two were married in 2016 but Collymore passed away on July 1, 2019 from cancer.
According to a report by the Standard, the late former CEO in his final will appointed State House Chief of Staff Nzioka Waita as the executor of his will in case anything happens to Wambui.
The publication further reported that Wambui redacted the full inventory of Collymore’s wealth which is estimated to be in billions. In 2015, Collymore declared his total assets to be worth Ksh287 million.
“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,” the will reads in part.
Reports indicate that the will was strictly tailored to his wealth in Kenya while mentioning another one outside Kenya.
The Kenyan one was draft by Kaplan & Stratton in Nairobi and witnessed by Safaricom Chief Finance Officer Sitoyo Lopokoiyit and Safaricom’s Director of the Consumer Business Unit Charles Wanjohi. The two wills are however, independent of the other.
Division of Wealth with Waita as trustee
In his will, Collymore detailed that should Waita become the sole trustee of the wealth, it would be split in three ways.
James Collymore, Collymore’s son from his first marriage will be awarded 40 per cent. Collymore’s daughter Sarah Collymore will equally be awarded 40 per cent. James and Sarah are based in the UK.
Wambui’s children will get an equal share of the remaining 20 per cent but only after attaining the age of 18.
Nzioka will hold the wealth on a trust capacity and use it to educate and maintain the Collymore estate.
In the court case where Wambui is seeking to assume control of Collymore’s estate, she refrained from providing a full inventory of his wealth and assets, arguing that it would expose the family to unnecessary publicity.
“During his lifetime, the deceased was a prominent figure but he kept his personal affairs very private and listing of the assets in the application for Grant of Probate will expose the family to undue publicity that would be prejudicial,” Wambui said in an affidavit.
In his 2015 declaration of wealth, Collymore revealed that he earned at least Ksh9 million a month at the time and had accumulated Ksh110 million over 12 months.
He also revealed that he owned a Ksh54 million residential house in London, UK. He also held Ksh18.3 million worth of shares in Safaricom. Collymore at the time had anotherKsh88.7 million worth of shares in Vodafone PLC.
Collymore’s salary in the year ending March 2017 grew to Ksh168.5 million. It further went up by a margin of 16.6 per cent in the year ended March 2018 to hit Ksh196.5 million.
That included a basic salary of Ksh94.32 million, Ksh32.42 million bonuses, non-cash benefits of Ksh35.64 million and Vodafone UK share award of Ksh34.09 million.