Dollar millionaires in Kenya increase by 11pc to reach 9,400

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Kenya’s dollar millionaires have increased by 11 percent to 9, 400 in 2016 from 8, 500 in 2015.
This is according to a new Wealth report by Knight Frank which attributes the jump in the number of millionaires to the growth of construction, technology and real estate sectors.
The report also indicates that there are 370 individuals that have surpassed the 10 million dollar mark from 340 in 2015 while 120 Kenyans have a net worth of 30 million dollars and above.
The country is yet to record any dollar billionaire.

 

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Dollar millionaires in Kenya increase by 11pc to reach 9,400 - Capital Business

 

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Kenya mints 900 new dollar millionaires as wealth gap widens

 

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Uganda has 1400 $ millionaires
Tanzania has 2400 $ millionaires
Nairobi city alone beats Tanzania+Rwanda+Burundi+Uganda combined in number of high net worth individuals.

 

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[Edward Wanjala]

Daaah!! Am working so hard to join this group some day!! Kenya beats the whole of East Africa combined

 

[Jay456watt]

am sure there are dollar billionaires huku wamejificha tu kuavoid questions and tax

 

[COLLOH-MZII]

am sure there are dollar billionaires huku wamejificha tu kuavoid questions and tax

Moi & Kenyatta families are billionaires chini ya maji

 

[Jay456watt]

Moi & Kenyatta families are billionaires chini ya maji

definitely, it is hard to imagine that Kenyatta family which has acquired wealth and massive land over decades is not a part of the billionaire club...plus all the money they have stolen from govt...

 

[COLLOH-MZII]

definitely, it is hard to imagine that Kenyatta family which has acquired wealth and massive land over decades is not a part of the billionaire club...plus all the money they have stolen from govt...

Nairobi alone has more millionaires than the ug,Tz and rwanda

 

[Edward Wanjala]

What they do, Billionaires Club (B Club Nairobi)