Ministry of Lands, Public Works, Housing and Urban Development CS nominee Alice Wahome has declared a considerable increase in her net worth, which now stands at Ksh 327 million.
She declared that her financial worth was Ksh 218 million in 2022, but today, she announced today that her net worth has increased by Ksh 109 million.
Wahome made the declaration while being vetted by the National Assembly Committee on Appointments, chaired by Speaker Moses Wetangula.
According to Wahome, the increase was due to the valuation of her properties.
“Just a few adjustments. It is the properties that have increased in terms of appreciation in value. There was one tenant that was not paying my family rent and they paid about Ksh 14 million sometime in March,” she said.
In 2022, Wahome, a former MP for Kiharu constituency, credited her financial gain to joint assets with her husband.
Kindiki Shares How He Made Ksh 150 Million in 2 Years While Breaking Down Ksh 694 Million Net Worth
During her appearance before the committee in October 2022, she stated that her current income sources included her parliamentary salary, rental income from properties and revenue from her law firm.
“My net worth is Ksh 218 million, encompassing the value of properties owned jointly with my husband. These are family assets
“Until September, I earned a salary from parliament. I’ve also practised law intermittently, albeit minimally, due to the demanding nature of parliamentary duties.”
Despite the significant net worth, Wahome revealed challenges in her rental income due to the COVID-19 pandemic.
“I receive a fuel allowance of about Ksh 100,000 from my firm. Additionally, I usually earn around Ksh 500,000 monthly from my properties. However, they currently lack tenants due to COVID, leaving me reliant on the modest Ksh100,000 allowance and my MP salary,” she explained.
