Kenya Ranked Among Top African Countries with Highest Number of Wealthy Individuals
A new report by a Swiss investment bank has listed Kenya among the top African countries with the highest number of wealthy individuals.
Kenya had the fourth highest population of rich persons in the continent behind Nigeria, South Africa, and Egypt, according to Credit Suisse’s 12th edition of the Global Wealth Report.
The report estimates Kenya’s total wealth, including financial and non-financial wealth, at Sh33.8 trillion ($338 billion) as of 2020.
It ranks Kenya as a middle-income country with a debt estimated at over $64.22 billion, the highest among East African nations. Every adult citizen in the country is carrying a debt load of roughly Sh57,564 ($523).
In East A
A new report by a Swiss investment bank has listed Kenya among the top African countries with the highest number of wealthy individuals.
Kenya had the fourth highest population of rich persons in the continent behind Nigeria, South Africa, and Egypt, according to Credit Suisse’s 12th edition of the Global Wealth Report.
The report estimates Kenya’s total wealth, including financial and non-financial wealth, at Sh33.8 trillion ($338 billion) as of 2020.
It ranks Kenya as a middle-income country with a debt estimated at over $64.22 billion, the highest among East African nations. Every adult citizen in the country is carrying a debt load of roughly Sh57,564 ($523).
In East Africa, Kenya had the highest wealth per adult at Sh1,231,300 followed by Rwanda whose wealth per adult stands at Sh460,953; Tanzania (Sh401,502), Uganda (Sh219,522); Democratic Republic of Congo (Sh136,516), and Burundi (Sh80,148).
The report noted that the total global wealth grew by 7.4 percent in 2020 while wealth per adult rose by six percent.
The 2021 Knight Frank’s Wealth Report put the number of Kenyans worth over $1 million (Sh100 million) in 2020 at 3,323 compared to 4,235 the previous year.
frica, Kenya had the highest wealth per adult at Sh1,231,300 followed by Rwanda whose wealth per adult stands at Sh460,953; Tanzania (Sh401,502), Uganda (Sh219,522); Democratic Republic of Congo (Sh136,516), and Burundi (Sh80,148).
The report noted that the total global wealth grew by 7.4 percent in 2020 while wealth per adult rose by six percent.
The 2021 Knight Frank’s Wealth Report put the number of Kenyans worth over $1 million (Sh100 million) in 2020 at 3,323 compared to 4,235 the previous year.