It’s surprising how a lot of Kenyans nowadays are making millions. What are they doing differently? Invest and think big.
In the year 2017, Kenya created 180 millionaires with 1290 people whose net worth is over Sh500 million.
It’s interesting how the tough economic times that prevailed due to biting drought and an extended electioneering period has not slowed down individual wealth growth among these people.
Knight Frank's Wealth Report statistics show that the number of the super-rich has increased by 16.2% from 1,110 as recorded in 2016.
According to the report, out of the 1,290 dollar millionaires, 90 were worth Sh5 billion with less 10 individuals estimated to have a net-worth of over Sh50 billion.
Retail, finance, banking and investment, industrial business and manufacturing are the top sectors generating wealth for these Kenyans. A majority of wealth advisors in the country (81 percent) say they expect their clients’ net worth to increase in 2018 compared to five percent who expect it to decline.
“This expectation of increased wealth underlines the confidence that Kenyan high net worth Individuals have in the future economic performance of the country,” says Ben Woodhams, Managing Director at Knight Frank Kenya.
What are you waiting for? Join the millionaire club and become rich.