Connect with us

General

World’s richest man is Sh3trillion wealthier than Bill Gates – The Informer

Published

on

Loading...

[ad_1]

  • We put together a list of the world’s richest people, using data from Bloomberg.
  • The majority of the billionaires on the list are self-made self-starters who built business empires in tech, finance, fashion, and sports.
  • A few of the billionaires inherited stakes in their family’s companies.

There’s rich. And then there’s world’s richest people rich.

To make it into the latter group, you now need a net worth of at least $19.8 billion.

Using the calculations from the Bloomberg Billionaires Index, we put together a list of the 50 richest people in the world. Bloomberg updates its data at the close of every trading day in New York, and our list is based on the latest data available for February 15. Since Bloomberg News doesn’t report on Bloomberg LP, we added him using his estimated net worth from Forbes.

The majority of the billionaires on the list are self-made self-starters who built business empires in tech, finance, fashion, and sports. A few inherited stakes in their family’s companies.

From tech tycoons to luxury car heiresses, here are the 50 richest people on earth.

Elena Holodny contributed to a previous version of this article.

50. Tadashi Yanai

50. Tadashi Yanaiplay50. Tadashi Yanai

(Vincent Yu/AP Images)

Tadashi Yanai is the the founder and president of Fast Retailing, which owns retailer Uniqlo.

Net worth: $19.8 billion

Age: 68

Citizenship: Japan

Industry: Retail

Source of wealth: Self-made

49. Vladimir Potanin

49. Vladimir Potaninplay49. Vladimir Potanin

(Reuters)

Vladimir Potanin started his private investment company Interros in the early 1990s, which is invested in mining, metals, energy, finance, and real estate. Interros owns 30% of the Russian nickel company Norilsk Nickel.

Potanin has served as the President of the United Export Import Bank, the first Deputy Prime Minister of the Russian Federation, and currently heads the National Council on Corporate Governance.

Net worth: $19.9 billion

Age: 57

Citizenship: Russian Federation

Industry: Nickel

Source of wealth: Self-made

48. Robert Kuok

48. Robert Kuokplay48. Robert Kuok

(Reuters/China Daily China Daily Information Corp – CDIC)

Robert Kuok is Malaysian-Chinese buinessman who has massive businesses in Malaysia, Hong Kong, and Singapore in areas such as sugar, palm oil, hotels, and trading, among others.

His businesses are primarily privately-held by him and his family and Kuok is notoriously media-shy.

Net worth: $19.9 billion

Age: 94

Citizenship: Malaysia

Industry: Diversified

Source of wealth: Self-made

47. Lakshmi Mittal

3. Lakshmi Mittalplay3. Lakshmi Mittal

(REUTERS/Benoit Tessier)

Lakshmi Mittal is the CEO of ArcelorMittal, the world’s largest steelmaker. His father, Mohanlal Mittal, ran a steel company, but Mittal founded his own steel factory in Indonesia in 1976. Mittal Steel merged with Luxembourg-based Arcelor in 2006. It now produces 10% of the world’s steel.

Net worth: $19.9 billion

Age: 67

Citizenship: India

Industry: Steel

Source of wealth: Self-made

46. Lee Kun Hee

46. Lee Kun Heeplay46. Lee Kun Hee

(Steve Marcus/Reuters)

Lee Kun Hee is the chairman of Samsung Electronics, which is known for its consumer electronics division. He remains hospitalized after suffering a heart attack in 2014.

Net worth: $20.3 billion

Age: 75

Citizenship: Republic of Korea

Industry: Diversified

Source of wealth: Inherited; Samsung Electronics

45. Alexey Mordashov

45. Alexey Mordashovplay45. Alexey Mordashov

(Maxim Shevetov/Reuters)

Alexey Mordashov is a Russian oligarch who built his fortune as steel company Severstal’s majority shareholder. He was the company’s CEO for 19 years until 2015. He also has stakes in mining, media, banking, telecom, and, recently, technology.

Net worth: $20.5 billion

Age: 52

Citizenship: Russian Federation

Industry: Diversified

Source of wealth: Self-made

44. Elon Musk

44. Elon Muskplay44. Elon Musk

(Pascal Le Segretain/Getty Images)

Elon Musk is the CEO of Tesla, which makes electric cars. He’s also the CEO of SpaceX and founded OpenAI and Neuralink.

Net worth: $20.5 billion

Age: 46

Citizenship: United States

Industry: Technology

Source of wealth: Self-made

43. Len Blavatnik

43. Len Blavatnikplay43. Len Blavatnik

(David M. Benett/Getty Images)

Soviet-born American Len Blavatnik founded Access Industries in 1986. It began with only Russian investments, but now includes a diverse portfolio. He purchased a 20% stake in Tory Burch, now a retail powerhouse, in 2004, becoming the first and largest outside investor in the company.

Net worth: $20.8 billion

Age: 60

Citizenship: United States

Industry: Diversified

Source of wealth: Self-made; Access Industries

42. Michael Dell

42. Michael Dellplay42. Michael Dell

(John Locher/AP)

Michael Dell started PC Ltd., the predecessor to Dell Inc., while he was a premed student in 1984. He dropped out of college to build computers full time, and the company went public by the time he was 23.

Net worth: $21 billion

Age: 52

Citizenship: United States

Industry: Technology

Source of wealth: Self-made; Dell

41. Thomas Peterffy

41. Thomas Peterffyplay41. Thomas Peterffy

(Lucas Jackson/Reuters)

Thomas Peterffy is the chair, CEO, and founder of Interactive Brokers Group, a huge electronic broker.

Net worth: $21.3 billion

Age: 73

Citizenship: United States

Industry: Finance

Source of wealth: Self-made; Interactive Brokers

40. Yang Huiyan

40. Yang Huiyanplay40. Yang Huiyan

(China Daily/Reuters)

Yang Huiyan controls Chinese real estate developer Country Garden Holdings. According to Bloomberg, her father co-founded the company in 1992 and then transferred his stake to her in 2005.

Net worth: $21.6 billion

Age: 36

Citizenship: China

Industry: Real Estate

Source of wealth: Inherited; Country Garden Holdings

39. Stefan Quandt

39. Stefan Quandtplay39. Stefan Quandt

(AP Photo/Michael Probst)

Stefan Quandt inherited a stake in Bayerische Motoren Werke, which owns BMW and Rolls-Royce.

Net worth: $21.7 billion

Age: 51

Citizenship: Germany

Industry: Industrial

Source of wealth: Inherited; BMW

38. Leonardo del Vecchio

38. Leonardo del Vecchioplay38. Leonardo del Vecchio

(Getty Images)

Leonardo del Vecchio started Luxottica, the eyewear powerhouse, in 1961 in Milan. It owns Sunglass Hut, Ray-Ban, and Oakley, and manufacturers glasses for a large number of luxury brands.

Net worth: $22.7 billion

Age: 82

Citizenship: Italy

Industry: Consumer goods

Source of wealth: Self-made; Luxottica Group

37. Dieter Schwarz

37. Dieter Schwarzplay37. Dieter Schwarz

(Thomson Reuters)

Dieter Schwarz joined his father’s business in 1973 and soon opened the company’s first discount supermarket. After his father died, he took over as CEO and expanded the business outside of Germany. The company operates Lidl, a grocery-store chain, and Kaufland, which is similar to Walmart.

Net worth: $23.5 billion

Age: 78

Citizenship: Germany

Industry: Retail

Source of wealth: Self-made; Schwarz Gruppe

36. Giovanni Ferrero

36. Giovanni Ferreroplay36. Giovanni Ferrero

(Giuseppe Cacace/AFP/Getty Images)

Giovanni Ferroro controls Ferrero SpA, which makes Ferrero chocolates, Nutella, Kinder chocolates, and Tic Tacs.

Net worth: $23.8 billion

Age: 53

Citizenship: Italy

Industry: Food and beverage

Source of wealth: Inherited; Ferrero Group

35. Lee Shau Kee

27. Lee Shau Kee, $5.9 billionplay27. Lee Shau Kee, $5.9 billion

(Bobby Yip/Reuters)

Lee Shau Kee founded Henderson Land Development, which grew into a top real-estate developer in Hong Kong and China, in 1973.

Net worth: $23.9 billion

Age: 89

Citizenship: Hong Kong

Industry: Real Estate

Source of wealth: Self-made; Henderson Land Development

34. Susanne Klatten

34. Susanne Klattenplay34. Susanne Klatten

(AP Photo/Michael Probst)

Susanne Klatten inherited a stake in Bayerische Motoren Werke, which owns BMW and Rolls-Royce.

Net worth: $24.2 billion

Age: 55

Citizenship: Germany

Industry: Industrial

Source of wealth: Inherited; BMW

33. Serge Dassault

33. Serge Dassaultplay33. Serge Dassault

(Charles Platiau/Reuters)

Serge Dassault is the CEO of Dassault Group, which has a controlling stake in military jet maker Dassault Aviation.

Net worth: $24.5 billion

Age: 92

Citizenship: France

Industry: Industrial

Source of wealth: Inherited; Dassault Group

32. Georg Schaeffler

32. Georg Schaefflerplay32. Georg Schaeffler

(Michael Probst/AP)

After serving in the German military and working in corporate law stateside, Georg Schaeffler joined his father’s company Schaeffler Group, which manufactures ball bearings for auto, aerospace, and industrial use. He is the chair and majority owner.

Net worth: $24.6 billion

Age: 53

Citizenship: Germany

Industry: Industrial

Source of wealth: Inherited/self-made; Schaeffler Group

31. Paul Allen

31. Paul Allenplay31. Paul Allen

(Miles Harris / Wikimedia Commons)

Paul Allen, Microsoft co-founder, left the company before it went public. He remained a board member until 2000, and reduced his stake in the firm over time. He also founded Vulcan, his private investment vehicle.

Net worth: $24.6 billion

Age: 64

Citizenship: United States

Industry: Technology

Source of wealth: Self-made; Microsoft

30. Francois Pinault

14. Francois Pinault, $11.3 billionplay14. Francois Pinault, $11.3 billion

(Charles Platiau/Reuters)

Francois Pinault founded luxury goods group Kering, which controls Gucci and Puma, among others.

Net worth: $26.2 billion

Age: 81

Citizenship: France

Industry: Consumer

Source of wealth: Self-made; Kering

29. Wang Jianlin

29. Wang Jianlinplay29. Wang Jianlin

(Reuters/Tyrone Siu)

Wang Jianlin is the founder and chair of conglomerate Dalian Wanda Group, which has interests in a large number of companies, including property development, department stores, and entertainment.

Net worth: $27.5 billion

Age: 63

Citizenship: China

Industry: Real Estate

Source of wealth: Self-made; Dalian Wanda Group

28. Jorge Paulo Lemann

28. Jorge Paulo Lemannplay28. Jorge Paulo Lemann

(Scott Olson/Getty Images)

Jorge Lemann worked as a journalist and professional tennis player before jumping into finance in 1971. He co-founded 3G Capital in 2004, and has become known for his affinity for merges and acquisitions.

Net worth: $27.8 billion

Age: 78

Citizenship: Brazil

Industry: Food and beverage

Source of wealth: Self-made; 3G Capital

27. Phil Knight

27. Phil Knightplay27. Phil Knight

(Getty Images / Steve Dykes)

Back in the 1960s, Phil Knight started a company that distributed Japanese sneakers in the US under the name Blue Ribbon Sports — which was the predecessor to Nike. He transformed a passion for running into a full blown sneaker and celebrity athletes empire.

Net worth: $28.9 billion

Age: 79

Citizenship: United States

Industry: Consumer

Source of wealth: Self-made; Nike

26. Hui Ka Yan

26. Hui Ka Yanplay26. Hui Ka Yan

(Bobby Yip/Reuters)

Loading...

Hui chairs China Evergrande Group, a property developer that has worked on hundreds of projects across nearly 200 cities in China.

Net worth: $30.3 billion

Age: 58

Citizenship: China

Industry: Real Estate

Source of wealth: Self-made; China Evergrande Group

25. and 24. John Mars and Jacqueline Mars

25. and 24. John Mars and Jacqueline Marsplay25. and 24. John Mars and Jacqueline Mars

(John Stillwell – WPA Pool/Getty Images)

Siblings John, Jacqueline, and the late-Forrest Mars inherited a stake in Mars, Inc. after their father died in 1999. The siblings are notoriously private, and don’t actively manage the candy maker company. But they do run the Mars Foundation, which gives primarily to educational, environmental, cultural, and health-related causes.

Net worth: $32.5 billion each

Age: 82, 78

Citizenship: United States

Industry: Food and beverage

Source of wealth: Inherited; Mars Inc.

23. Li Ka-Shing

Li suffered a personal tragedy when his wife, Chong Yuet-ming, died of an aneurism at the age of 55 on January 1, 1990.playLi suffered a personal tragedy when his wife, Chong Yuet-ming, died of an aneurism at the age of 55 on January 1, 1990.

(Kin Cheung/AP)

Li Ka-shing dropped out of school at 16 to support his family by working in a factory making plastic flowers. He opened his own factory six years later — the predecessor to today’s CK Hutchinson Holdings, which has interests in real estate, energy, and telecoms.

Net worth: $33.9 billion

Age: 89

Citizenship: Hong Kong

Industry: Real Estate

Source of wealth: Self-made; CK Hutchinson Holdings

22. Steve Ballmer

22. Steve Ballmerplay22. Steve Ballmer

(AP)

Steve Ballmer dropped out of business school at Stanford to become Microsoft’s first business manager with a salary of $50,000 and a stake in the company. He eventually became CEO after Bill Gates stepped down and held the post until Satya Nadella replaced him in 2014.

Net worth: $36.9 billion

Age: 61

Citizenship: United States

Industry: Technology

Source of wealth: Self-made; Microsoft

21. Sheldon Adelson

21. Sheldon Adelsonplay21. Sheldon Adelson

(REUTERS/Tyrone Siu)

Sheldon Adelson and partners developed Computer Dealer’s Exhibition (COMDEX), one of the largest trade shows in Las Vegas. He sold the company to Japan’s Softbank for $860 million in 1995, and used the money to finance his purchase of the Sands Casino. He demolished that, and built the Venetian Casino Resort and the Sands Expo Convention Center in its place. In 2015, hebought Nevada’s largest newspaper.

Net worth: $38 billion

Age: 84

Citizenship: United States

Industry: Entertainment/Real Estate

Source of wealth: Self-made; Las Vegas Sands

20. Mukesh Ambani

20. Mukesh Ambaniplay20. Mukesh Ambani

(Reuters/Amit Dave)

After his father died in 2002, Mukesh Ambani took over as chairman of Reliance Industries. He now controls about 40% of the company, which owns the world’s largest oil refining complex.

Net worth: $40.4 billion

Age: 60

Citizenship: India

Industry: Energy

Source of wealth: Inherited/self-made; Reliance Industries

19. Pony Ma

19. Pony Maplay19. Pony Ma

(Kin Cheung/AP)

Ma Huateng, also known as Pony Ma, founded Tencent Holdings, which has a number of Internet and communication platforms in its portfolio, in 1998 when he was 26. Among others, its platforms include WeChat and QQ.

Net worth: $43.5 billion

Age: 46

Citizenship: China

Industry: Technology

Source of wealth: Self-made; Tencent Holdings

18. Francoise Bettencourt Meyers

18. Francoise Bettencourt Meyersplay18. Francoise Bettencourt Meyers

(Francois Mori/AP)

Francoise Betterncourt Meyers is now the heiress to the L’Oreal cosmetics fortune after her mother’s death in September 2017. She controls 33% of the company, according to Bloomberg.

Net worth: $43.9 billion

Age: 63

Citizenship: France

Industry: Consumer

Source of wealth: Inherited; L’Oreal Group

17. Alice Walton

17. Alice Waltonplay17. Alice Walton

(AP/April L. Brown)

Alice Walton is the youngest heir to Helen and Sam Walton’s Walmart fortune. She hasn’t taken an active role in running the superstore empire, but she co-manages Walton Enterprises, one of the family’s two holding companies.

Net worth: $46.6 billion

Age: 68

Citizenship: United States

Industry: Retail

Source of wealth: Inherited; Walmart

16. David Koch

16. David Kochplay16. David Koch

(REUTERS/Carlo Allegri)

David Koch runs Koch Industries as executive vice president with his brother, Charles. Koch Industries manufactures, refines, and distributes a wide range of things, including chemicals, energy, minerals, and more.

Net worth: $47.2 billion

Age: 77

Citizenship: United States

Industry: Industrial

Source of wealth: Self-made; Koch Industries

15. Charles Koch

15. Charles Kochplay15. Charles Koch

(Business Insider/Julie Bort)

Charles Koch runs Koch Industries as chairman and CEO with his brother, David. In addition to their conglomerate, the two brothers are major political influencers.

Net worth: $47.2 billion

Age: 82

Citizenship: United States

Industry: Industrial

Source of wealth: Self-made; Koch Industries

14. Jim Walton

14. Jim Waltonplay14. Jim Walton

(REUTERS/Rick Wilking)

James “Jim” Walton is the youngest son of Walmart founders Helen and Sam Walton. He co-manages Walton Enterprises, the holding company for the Walton family assets.

Net worth: $47.2 billion

Age: 69

Citizenship: United States

Industry: Retail

Source of wealth: Inherited; Walmart

13. Jack Ma

13. Jack Maplay13. Jack Ma

(Andrew Burton/Getty Images)

Jack Ma started e-commerce company Alibaba with just $60,000 in 1999. Fifteen years later, it broke records with a $25 billion initial public offering.

Net worth: $47.7 billion

Age: 53

Citizenship: China

Industry: Technology

Source of wealth: Self-made; Alibaba

12. Rob Walton

12. Rob Waltonplay12. Rob Walton

(Danny Johnston/AP)

Samuel Robson “Rob” Walton is the oldest son of Walmart founders Helen and Sam Walton. He started working at the superstore empire back in 1969 and served as chairman from 1992 to 2015.

Net worth: $47.8 billion

Age: 73

Citizenship: United States

Industry: Retail

Source of wealth: Inherited; Walmart

11. Michael Bloomberg

Michael Bloomberg speaks at the DNC.playMichael Bloomberg speaks at the DNC.

(Alex Wong/Getty Images)

After being fired by Salomon Brothers, Bloomberg founded his eponymous financial-data firm in 1981. He added the news and media subsidiary in 1990, but the majority of Bloomberg LP’s revenue continues to come from the sale of terminals. He later served as mayor of New York City for three terms.

Net worth: $51.8 billion (according to Forbes)

Age: 75

Citizenship: United States

Industry: Financial Services/Media

Source of wealth: Self-made; Bloomberg LP

10. Sergey Brin

10. Sergey Brinplay10. Sergey Brin

(Getty Images / Justin Sullivan)

Sergey Brin co-founded Google with Larry Page back in 1998. He is now the president of Alphabet, which is the company that owns Google.

Net worth: $51.9 billion

Age: 44

Citizenship: United States

Industry: Technology

Source of wealth: Self-made; Google

9. Larry Page

9. Larry Pageplay9. Larry Page

(Seth Wenig/AP)

Larry Page co-founded Google with Sergey Brin in 1998. He is now the CEO of Alphabet, which is the company that owns Google.

Net worth: $53.2 billion

Age: 44

Citizenship: United States

Industry: Technology

Source of wealth: Self-made; Google

8. Larry Ellison

8. Larry Ellisonplay8. Larry Ellison

(AP Photo/Eric Risberg)

Larry Ellison teamed up with two colleagues from an electronics company in 1977 to start their own programming firm, which then shortly landed a contract to build a relational database-management system for the CIA. The project later grew into what’s known today as Oracle Corp., the second largest software maker behind Microsoft. He stepped down as CEO in 2014.

Net worth: $55.1 billion

Age: 73

Citizenship: United States

Industry: Technology

Source of wealth: Self-made; Oracle

7. Bernard Arnault

7. Bernard Arnaultplay7. Bernard Arnault

(AP Photo/Michel Euler, Pool)

Bernard Arnault is the chair of LVMH Moet Hennessy Louis Vuitton, which houses dozens of luxury brands. Arnault bought Christian Dior when he joined the business, and helped revive the company.

Net worth: $64.7 billion

Age: 68

Citizenship: France

Industry: Consumer

Source of wealth: Self-made/Inheritance; LVMH

6. Carlos Slim

6. Carlos Slimplay6. Carlos Slim

(Rebecca Blackwell/AP)

Carlos Slim owns a large number of companies in Mexico through his conglomerate, Grupo Carso. He also controls America Movil, the largest operator of mobile phones in Latin America.

Net worth: $66.2 billion

Age: 77

Citizenship: Mexico

Industry: Diversified

Source of wealth: Self-made; Grupo Carso

5. Amancio Ortega

5. Amancio Ortegaplay5. Amancio Ortega

(Miguel Vidal/ Reuters)

Amancio Ortego controls fashion giant Inditex, which owns Zara, Massimo Dutti, Oysho, and others. At least part of his success can be attributed to Zara’s fast-fashion business model.

Net worth: $71.3 billion

Age: 81

Citizenship: Spain

Industry: Retail

Source of wealth: Self-made; Inditex

4. Mark Zuckerberg

4. Mark Zuckerbergplay4. Mark Zuckerberg

(AP Photo/Noah Berger)

Mark Zuckerberg launched TheFacebook.com when he was a sophomore in college before dropping out to work on the site full-time.

Net worth: $74 billion

Age: 33

Citizenship: United States

Industry: Technology

Source of wealth: Self-made; Facebook

3. Warren Buffett

3. Warren Buffettplay3. Warren Buffett

(REUTERS/Mike Segar)

After getting rejected from Harvard Business School, Warren Buffett went to Columbia instead where he studied under Benjamin Graham, who would become his mentor. He later bought Berkshire Hathaway in 1969 and transformed it into a powerhouse holding company.

Net worth: $86.1 billion

Age: 87

Citizenship: United States

Industry: Diversified

Source of wealth: Self-made; Berkshire Hathaway

2. Bill Gates

2. Bill Gatesplay2. Bill Gates

(Chip Somodevilla/Getty Images)

Bill Gates co-founded Microsoft with his friend Paul Allen, and served as CEO until 2000. He still sits on the company’s board, but is no longer active in the day-to-day dealings.

Net worth: $91.1 billion

Age: 62

Citizenship: United States

Industry: Technology

Source of wealth: Self-made; Microsoft

1. Jeff Bezos

1. Jeff Bezosplay1. Jeff Bezos

(Mike Segar/Reuters)

Jeff Bezos founded Amazon.com in the garage of his Seattle home in 1994. The online marketplace went public three years later and has since grown to sell everything from fashion to tech to food and Amazon’s own consumer-electronics products.

On November 24, 2017 — Black Friday — Bezos’s net worth hit $100 billion.

Net worth: $121 billion

Age: 53

Citizenship: United States

Industry: Technology

Source of wealth: Self-made; Amazon



[ad_2]

Loading...
Continue Reading

General

Public officers above 58 years and with pre-existing conditions told to work from home: The Standard

Published

on

Loading...

Head of Public Service Joseph Kinyua. [File, Standard]
In a document from Head of Public Service, Joseph Kinyua new measure have been outlined to curb the bulging spread of covid-19. Public officers with underlying health conditions and those who are over 58 years -a group that experts have classified as most vulnerable to the virus will be required to execute their duties from home.

Loading...

However, the new rule excluded personnel in the security sector and other critical and essential services.
“All State and public officers with pre-existing medical conditions and/or aged 58 years and above serving in CSG5 (job group ‘S’) and below or their equivalents should forthwith work from home,” read the document,” read the document.
To ensure that those working from home deliver, the Public Service directs that there be clear assignments and targets tasked for the period designated and a clear reporting line to monitor and review work done.
SEE ALSO: Thinking inside the cardboard box for post-lockdown work stations
Others measures outlined in the document include the provision of personal protective equipment to staff, provision of sanitizers and access to washing facilities fitted with soap and water, temperature checks for all staff and clients entering public offices regular fumigation of office premises and vehicles and minimizing of visitors except by prior appointments.
Officers who contract the virus and come back to work after quarantine or isolation period will be required to follow specific directives such as obtaining clearance from the isolation facility certified by the designated persons indicating that the public officer is free and safe from Covid-19. The officer will also be required to stay away from duty station for a period of seven days after the date of medical certification.
“The period a public officer spends in quarantine or isolation due to Covid-19, shall be treated as sick leave and shall be subject to the Provisions of the Human Resource Policy and procedures Manual for the Public Service(May,2016),” read the document.
The service has also made discrimination and stigmatization an offence and has guaranteed those affected with the virus to receive adequate access to mental health and psychosocial supported offered by the government.
The new directives targeting the Public Services come at a time when Kenyans have increasingly shown lack of strict observance of the issued guidelines even as the number of positive Covid-19 cases skyrocket to 13,771 and leaving 238 dead as of today.
SEE ALSO: Working from home could be blessing in disguise for persons with disabilities
Principal Secretaries/ Accounting Officers will be personally responsible for effective enforcement and compliance of the current guidelines and any future directives issued to mitigate the spread of Covid-19.

Loading...
Continue Reading

General

Uhuru convenes summit to review rising Covid-19 cases: The Standard

Published

on

Loading...

President Uhuru Kenyatta (pictured) will on Friday, July 24, meet governors following the ballooning Covid-19 infections in recent days.
The session will among other things review the efficacy of the containment measures in place and review the impact of the phased easing of the restrictions, State House said in a statement.
This story is being updated.
SEE ALSO: Sakaja resigns from Covid-19 Senate committee, in court tomorrow

Loading...
Continue Reading

General

Drastic life changes affecting mental health

Published

on

Loading...

Kenya has been ranked 6th among African countries with the highest cases of depression, this has triggered anxiety by the World Health Organization (WHO), with 1.9 million people suffering from a form of mental conditions such as depression, substance abuse.

KBC Radio_KICD Timetable

Globally, one in four people is affected by mental or neurological disorders at some point in their lives, this is according to the WHO.

Currently, around 450 million people suffer from such conditions, placing mental disorders among the leading causes of ill-health and disability worldwide.

The pandemic has also been known to cause significant distress, mostly affecting the state of one’s mental well-being.

Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 20153

With the spread of the COVID-19 pandemic attributed to the novel Coronavirus disease, millions have been affected globally with over 14 million infections and half a million deaths as to date. This has brought about uncertainty coupled with difficult situations, including job loss and the risk of contracting the deadly virus.

In Kenya the first Coronavirus case was reported in Nairobi by the Ministry of Health on the 12th March 2020.  It was not until the government put in place precautionary measures including a curfew and lockdown (the latter having being lifted) due to an increase in the number of infections that people began feeling its effect both economically and socially.

A study by Dr. Habil Otanga,  a Lecturer at the University of Nairobi, Department of Psychology says  that such measures can in turn lead to surge in mental related illnesses including depression, feelings of confusion, anger and fear, and even substance abuse. It also brings with it a sense of boredom, loneliness, anger, isolation and frustration. In the post-quarantine/isolation period, loss of employment due to the depressed economy and the stigma around the disease are also likely to lead to mental health problems.

The Kenya National Bureau of Statistics (KNBS) states that at least 300,000 Kenyans have lost their jobs due to the Coronavirus pandemic between the period of January and March this year.

KNBC noted that the number of employed Kenyans plunged to 17.8 million as of March from 18.1 million people as compared to last year in December. The Report states that the unemployment rate in Kenya stands at 13.7 per cent as of March this year while it stood 12.4 per cent in December 2019.

Loading...

Mama T (not her real name) is among millions of Kenyans who have been affected by containment measures put in place to curb the spread of the virus, either by losing their source of income or having to work under tough guidelines put in place by the MOH.

As young mother and an event organizer, she has found it hard to explain to her children why they cannot go to school or socialize freely with their peers as before.

“Sometimes it gets difficult as they do not understand what is happening due to their age, this at times becomes hard on me as they often think I am punishing them,”

Her contract was put on hold as no event or public gatherings can take place due to the pandemic. This has brought other challenges along with it, as she has to find means of fending for her family expenditures that including rent and food.

“I often wake up in the middle of the night with worries about my next move as the pandemic does not exhibit any signs of easing up,” she says. She adds that she has been forced to sort for manual jobs to keep her family afloat.

Ms. Mary Wahome, a Counseling Psychologist and Programs Director at ‘The Reason to Hope,’ in Karen, Nairobi says that such kind of drastic life changes have an adverse effect on one’s mental status including their family members and if not addressed early can lead to depression among other issues.

“We have had cases of people indulging in substance abuse to deal with the uncertainty and stress brought about by the pandemic, this in turn leads to dependence and also domestic abuse,”

Sam Njoroge , a waiter at a local hotel in Kiambu, has found himself indulging in substance abuse due to challenges he is facing after the hotel he was working in was closed down as it has not yet met the standards required by the MOH to open.

“My day starts at 6am where I go to a local pub, here I can get a drink for as little as Sh30, It makes me suppress the frustration I feel.” he says.

Sam is among the many who have found themselves in the same predicament and resulted to substance abuse finding ways to beat strict measures put in place by the government on the sale of alcohol so as to cope.

Mary says, situations like Sam’s are dangerous and if not addressed early can lead to serious complications, including addiction and dependency, violent behavior and also early death due to health complications.

She has, however, lauded the government for encouraging mental wellness and also launching the Psychological First Aid (PFA) guide in the wake of the virus putting emphasis on the three action principal of look, listen and link. “When we follow this it will be easy to identify an individual in distress and also offer assistance”.

Mary has urged anyone feeling the weight of the virus taking a toll on them not to hesitate but look for someone to talk to.

“You should not only seek help from a specialist but also talk to a friend, let them know what you are undergoing and how you feel, this will help ease their emotional stress and also find ways of dealing with the situation they are facing,” She added

Mary continued to stress on the need to perform frequent body exercises as a form of stress relief, reading and also taking advantage of this unfortunate COVID-19 period to engage in hobbies and talent development.

“Let people take this as an opportunity to kip fit, get in touch with one’s inner self and  also engage in   reading that would  help expand their knowledge.

Loading...
Continue Reading

Trending