Mbugua Mwangi: The Kiambu Billionaire Who Owned Paradise Lost, Investments Worth Ksh 2.1 Billion

Paradise Lost Resort and park is a popular getaway located along Kiambu road just 14 kilometers away from Nairobi Central Business District (CBD). The chill spot has a lot of to do activities like fishing, picnics, boat riding and camping among others. Unknown to many, the resort was owned by the late Mbugua Mwangi whose […] The post Mbugua Mwangi: The Kiambu Billionaire Who Owned Paradise Lost, Investments Worth Ksh 2.1 Billion appeared first on whownskenya.

Mbugua Mwangi: The Kiambu Billionaire Who Owned Paradise Lost,  Investments Worth Ksh 2.1 Billion

Paradise Lost Resort and park is a popular getaway located along Kiambu road just 14 kilometers away from Nairobi Central Business District (CBD). The chill spot has a lot of to do activities like fishing, picnics, boat riding and camping among others. Unknown to many, the resort was owned by the late Mbugua Mwangi whose investments are worth Ksh2.1 billion.

Here is what WoK has gathered about the late owner of Paradise Lost.

Background

Paradise Lost is tucked in the middle of a coffee farm. Discovered in 1996 by coffee farmers, the 54 acre farm features a resort, caves, rivers and a beautiful waterfall with amazing scenery. Some of the activities you can enjoy at the park include exploring the stone age caves, taking pictures at the stunning waterfall and visiting the coffee farms.  Bird watching, nature trails, horse riding, camel riding, boat riding, fishing, picnics, face painting, camping, bouncing castles and bike riding are other interesting activities one can engage in. The entrance fee is Ksh400 per person for adults and Ksh300 for children.

Ownership

Paradise Lost was owned by the late Kiambu tycoon Moses Mbugua Mwangi through his company Ndunde Investments. The ownership was first revealed in a court battle that pitted his son Daniel Mwangi Mbugua and his siblings over the distribution of the Ksh 2.1 billion estate. Court documents seen by Business Daily indicated that through Ndunde Investments, the late billionaire owned Paradise Lost, Misarara Coffee Estate, Sugoror Ranch in Laikipia among other possessions. 

Court battle over vast empire

Mwangi passed away leaving his wife Christine Mithiri Mbugua who later died before distributing the assets to the children or leaving behind a will. Daniel took to court to fight with his siblings Isaac Gichia Mbugua, Joseph Mbai, Elizabeth Wanjiku, Catherine Wanjiru and Wangare over the control of Ndunde Investments limited which has assets. According to Business Daily, the assets include 2,475 acres in Laikipia County, over 165 acres in Kiambu, one acre in Karen, half-acre in Runda, 25 apartments in Kangemi and 260 acres in Kiambu Misarara farm. Some of the high end properties owned by the company include a commercial building in Woodvale – L.R No 1870/IX/112, Mbuichia building – L.R No 1870/IX/113, commercial property in Kariokor – L.R No 209/4385, commercial property in Landhies road Nairobi – L.R. No 209/233/2, land in Kilifi –PLOT No 15/IV/MN Mwapa, residential apartments in Mombasa – L.R No XVII/107 and L.R. No XVII/88. 

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