Kenya matches China on global millionaires list

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...