Kenya’s super-rich individuals double in 10 years

Porsche officials during the launch of luxury car Macan model recently. Porsche opened its Kenyan operations to tap into growing number of millionaires.

NAIROBI: The number of high net worth individuals in Kenya has doubled over the last ten years, an indication that the country is fast emerging as a millionaires’ haven.

New data on the country’s high net worth individuals indicates that Kenya has the fourth highest number of dollar millionaires in Africa standing at 8,764. In addition to this, at least 115 Kenyans are estimated to be worth more than $30 million (Sh2.7 billion) with 32 individuals crossing the $100 million (Sh9.1 billion) mark – centa-millionaires.