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- May 11, 2017
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The population of Kenya’s dollar millionaires in the study is significantly higher than estimates in other reports, indicating the difficulty of tracking the wealthy in Africa.
The latest Knight Frank Wealth Report put the number of Kenya dollar millionaires at 3,323.
South Africa has the highest number of dollar millionaires at 39,300 followed by Egypt (16,900) and Nigeria (10,000), according to the first wealth report by Henley.
Kenya has been ranked fourth in terms of the number of dollar millionaires, according to a report by research firm New World Wealth and Henley & Partners which helps high-net-worth individuals to acquire residence or citizenship through investment.
The Africa Wealth Report 2022 indicates that Kenya has 8,500 individuals with a net worth of over $1 million (Sh115.7 million).
The population of Kenya’s dollar millionaires in the study is significantly higher than estimates in other reports, indicating the difficulty of tracking the wealthy in Africa.
The latest Knight Frank Wealth Report put the number of Kenya dollar millionaires at 3,323.
The Africa Wealth Report 2022 drew from intelligence gathered by New World Wealth as well as Henley & Partners’ database of high-net-worth individuals, comprising mainly of people with the title of director, CEO, founder and partner.
South Africa has the highest number of dollar millionaires at 39,300 followed by Egypt (16,900) and Nigeria (10,000), according to the first wealth report by Henley.
Kenya is fourth again in terms of those with a net worth of $10 million (Sh1.1 billion) or more. The country has 340 such individuals, behind Nigeria (510), Egypt (880) and South Africa (2,080).
Kenya is ranked fifth in terms of the population of individuals with a net worth of at least $100 million (Sh11.5 billion), also known as centi-millionaires.
The country had 15 such individuals, trailing Morocco (22), Nigeria (28), Egypt (57) and South Africa (94).
The report could not identify a Kenya-based dollar billionaire. The few billion-dollar fortunes in the country are spread out among several family members, making it difficult to single out stand-alone ultra-rich individuals.
Egypt leads with seven dollar billionaires, followed by South Africa (five), Nigeria (four) and Morocco (three).
In terms of wealth held by private citizens, Kenya has $91 billion (Sh10.5 trillion) and is ranked fifth. South African citizens have the greatest combined wealth at $651 billion, followed by Egypt ($307 billion) and Nigeria ($228 billion)
Source: Business Daily
The latest Knight Frank Wealth Report put the number of Kenya dollar millionaires at 3,323.
South Africa has the highest number of dollar millionaires at 39,300 followed by Egypt (16,900) and Nigeria (10,000), according to the first wealth report by Henley.
Kenya has been ranked fourth in terms of the number of dollar millionaires, according to a report by research firm New World Wealth and Henley & Partners which helps high-net-worth individuals to acquire residence or citizenship through investment.
The Africa Wealth Report 2022 indicates that Kenya has 8,500 individuals with a net worth of over $1 million (Sh115.7 million).
The population of Kenya’s dollar millionaires in the study is significantly higher than estimates in other reports, indicating the difficulty of tracking the wealthy in Africa.
The latest Knight Frank Wealth Report put the number of Kenya dollar millionaires at 3,323.
The Africa Wealth Report 2022 drew from intelligence gathered by New World Wealth as well as Henley & Partners’ database of high-net-worth individuals, comprising mainly of people with the title of director, CEO, founder and partner.
South Africa has the highest number of dollar millionaires at 39,300 followed by Egypt (16,900) and Nigeria (10,000), according to the first wealth report by Henley.
Kenya is fourth again in terms of those with a net worth of $10 million (Sh1.1 billion) or more. The country has 340 such individuals, behind Nigeria (510), Egypt (880) and South Africa (2,080).
Kenya is ranked fifth in terms of the population of individuals with a net worth of at least $100 million (Sh11.5 billion), also known as centi-millionaires.
The country had 15 such individuals, trailing Morocco (22), Nigeria (28), Egypt (57) and South Africa (94).
The report could not identify a Kenya-based dollar billionaire. The few billion-dollar fortunes in the country are spread out among several family members, making it difficult to single out stand-alone ultra-rich individuals.
Egypt leads with seven dollar billionaires, followed by South Africa (five), Nigeria (four) and Morocco (three).
In terms of wealth held by private citizens, Kenya has $91 billion (Sh10.5 trillion) and is ranked fifth. South African citizens have the greatest combined wealth at $651 billion, followed by Egypt ($307 billion) and Nigeria ($228 billion)
Source: Business Daily