Ruto has amassed Sh3–4 trillion wealth, claims Gachagua

By Newsflash Reporter

Former Deputy President Rigathi Gachagua has launched a fresh and scathing attack on President William Ruto, accusing him of amassing massive personal wealth through alleged corruption during his two-year tenure at the helm of government.

Speaking during an interview with Obinna Online TV on Friday night, Gachagua claimed that President Ruto has accumulated a staggering Sh3 to 4 trillion in personal wealth since assuming office in September 2022.

“In my estimation, in the last two years, he (Ruto) must have made between Ksh3 to 4 trillion. He is filthy rich. I think that was his dream. I do not think he cares about this country,” Gachagua said during the explosive interview.

The former deputy president alleged that Ruto’s main concern since taking power has not been leadership or delivering on campaign promises, but self-enrichment.

He accused the Head of State of prioritizing personal gain over the interests of the nation and claimed that public resources were being diverted into secretive and questionable financial schemes.

Housing Levy funds allegedly redirected

In a shocking allegation, Gachagua claimed that Ruto had acquired a commercial bank and was using it to siphon excess funds from the controversial Housing Fund Levy.

“He has bought a bank where the excess Housing Levy is being channeled to. The bank has taken all government businesses from other banks such as Equity and Co-operative,” he alleged.

While Gachagua did not name the bank in question, his comments suggest a deliberate re-routing of public funds from established financial institutions into a private entity allegedly linked to the President.

The Housing Fund Levy, introduced under the Kenya Kwanza administration, has been the subject of intense public debate, with critics accusing the government of imposing a burdensome tax without clear accountability mechanisms.

Gachagua’s claim that the excess levy is being funneled into a bank controlled by the President is likely to further fuel demands for transparency and accountability.

Betrayal

Despite their former alliance, Gachagua spoke bitterly about his broken relationship with Ruto. He revealed that although they are now politically estranged, he still keeps pictures of the President in his home — a constant reminder, he said, of betrayal.

“I still have his photos in my house. They remind me of betrayal,” he said during the interview, suggesting deep personal hurt over their political fallout.

Gachagua has in recent months been positioning himself as a vocal critic of the Ruto administration. On Thursday, 14 May, he announced the formation of a new political outfit, the Democracy for the Citizens Party (DCP). The party, which he insists is a grassroots movement rather than a personal vehicle, has reportedly gained significant traction.

“This is a peoples’ party. It is not my party. I will not fund it…I even don’t have the resources to fund it. So far, we have received over Sh100 million as support from different Kenyans,” he disclosed.

The revelation of the party’s fundraising success appears to be an attempt by Gachagua to distance himself from the elite-driven politics he accuses Ruto of embodying. He framed the contributions as a sign of ordinary Kenyans’ desire for change and resistance to what he described as an administration driven by greed and impunity.