Kenya has a total of 330 individuals with a net worth of at least $10 million (Sh1.08 billion), according to the 2020 Africa Wealth report by AfrAsia Bank.
The figure represents a 7.31 percent drop compared to 2019 when the population of billionaires in the country stood at 356.
The drop was attributed to the effects of the COVID-19 pandemic on businesses and enterprises.
The report indicates that 250 out of the 330 billionaires in the country live in the capital Nairobi, representing 75.8 percent.
The effects of the COVID-19 pandemic saw the cumulative number of persons worth $10 million and above in Africa fall by nine percent last year.
Kenya had the fourth-highest number of billionaires on the continent behind South Africa with 1,930 billionaires, Egypt (810) and Nigeria (460).
Others are Mauritius (190), Ethiopia (150), Ghana (110), Ivory Coast (100), Angola (100), and Tanzania (90).
In terms of cities, Johannesburg had the highest number of billionaires with 790, followed by Cairo (400), Cape Town (390), Lagos (260), and Nairobi (250).
The report further shows that Kenya has 8,300 high-net-worth individuals, described as people with a net worth of at least $1 million (Sh108 million).
The Africa Wealth report describes wealth as the net assets of a person including properties, equities, cash, and business interests clear of any liabilities.
AfrAsia Bank uses its financial management arm, responses from private bankers, wealth advisers, and managers to track people’s wealth. Its reports do not give the individual names of wealthy persons.
Poor will get more respect…
Poor will get more respect as rotten go down
As more Kenyans wake up, ask…
As more Kenyans wake up, ask questions, uphold their culture, traditions, and Gods law, more Kenyans will loose value and taste of wealth gained through colonization and corruption.
This will see the 330 billionaires dwindle even further or exit the scene.
The irony of billionaires who are well protected by guards and dogs ( animals of conquest) versus the 7 year old street boys who cannot afford one meal a day.
This is the Kenya of today but surely not the Kenya of tomorrow!!
Let’s us keep our eyes on the drama. The Most High is still on the throne!!
At 95% of the so called…
At 95% of the so called billionaires acquired their wealth through corruption and looting government coffers.
RISASI TU will solve or end…
RISASI TU will solve or end this belief by a few Kenyans including journalists who describe corrupt thugs and murderers as billionaires.Take an example of thugs Wanjigi or Murathe.The two are corruptly paid 15% of every govt procurement and loan as “broker fee” meaning they pocket shs 150m. for every shs 1b.loan from whichever source.They then share the money with “owners” of Kenya led by Uhuru,Raila,Ruto na makasia ingine.Alafu unasikia some fly brain Kenyans calling them our leaders.
I adore your thoughts with…
I adore your thoughts with passion. You’re a true patriot from our beloved stolen country of Kenya. If everyone here in this forum think like you, we all would be in the Frontline liberating Kenya from the crooked mafia type thugs under protection by dynasties! Bravo my patriot!!
And the country with most…
And the country with most wealth (Botswana) is not in the list. Because in Botswana, the wealth belongs to the people, while in Kenya, South Africa, Egypt, Nigeria, Mauritius, Ethiopia, Ghana, Ivory Coast, Angola, and Tanzania the national wealth is in individual accounts..
So, wameacha kuimba…? Good…
So, wameacha kuimba…? Good then waendelee vivyo hivyo.