Kenya matches China on global millionaires list

Pedro Gonçalves
clock • 2 min read

Kenya and China have been ranked number six globally as countries that will produce more new millionaires in the next five years, according to a report by research firm Wealth-X. According to the Wealth-X High Net Worth Handbook 2019 the two countries will experience a growth rate of 9.8% each year, for the next five years, in terms of upcoming millionaires. In 2018, Kenya had at least 1,290 individuals whose wealth was valued at over KSh 500 million ($40m). This was revealed in a report by Knight Frank. The number had increased by 180 individuals from 1,110 super rich people who exis...

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