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.
Comments
This has been spruced by a…
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This has been spruced by a Ruto Supporter to distract Kenyans from his Fedexed money
I wonder why these wealthy…
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I wonder why these wealthy gangsters do not take care of their comrade thug,Munga Githunguri who is sick(cannot even remember his name)?Why doesn’t muuaji Raila visit one of his 2007 campaign financiers?Why can’t Jambazi Uhuru take one of expired Kamau’s “EATING” advisers to Hosiptal?Hizi makazia zote haziwezi saidia mwizi mwenzao?NGITI ICI
Don't you Think your so…
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In reply to I wonder why these wealthy… by Ufisadi Juu (not verified)
Don't you Think your so-called Muuaji Raila may Finish off this Murungaru of yours if he Visits him?😬
We need the list of this…
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We need the list of this individuals.
Probably they will explain the 2 billion lost daily.
https://ugwire.com/richest…
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In reply to We need the list of this… by Kora kanini (not verified)
https://ugwire.com/richest-people-kenya/
The issues is there's need to publicize salary and names the top government workers including top military brass and judicial. Simply because this makes a huge group and often unseen evils. For example few weeks ago we read about a Road Engineer who has schools and many complex around the country. If it were not the fat bank account which exposed him to the EACC
Such list may probably be…
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In reply to We need the list of this… by Kora kanini (not verified)
Such list may probably be exposed when Big Brother USA says so.But only after some compromises have been made. Remember FBI said that it had the list of crooks who are implicated in the case involving those two drug dealers from Mombasa,the Akasha brothers?And it is believed that the list has some of the high profile politicians. Not sure if the list will ever be released. One thing I know is that, if voters collectives make enough agitation,we might see 1/4 of the list.And its time to do it before the elections.
We wish them well. It's time…
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We wish them well.
It's time for Revelation and Restoration.
Kenya is slowly moving toward truth and honesty.
If all those individuals earned their money in truth and honesty they will be able to keep their wealth. If it is stolen wealth, they will get what is coming to them- Double pay back time.
Those who were first, may end up being last!!- Change of season is on the horizon!!
Jubilee will regret trying…
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Jubilee will regret trying to push DP to the corner. Street papers will start revealing more than they can handle on all political sides.
Can hear wazungus have…
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Can hear wazungus have formed a very bad habit of looking inside Kenya from outside! Ruto is categorized to possess $400 billion shillings which is probably stashed in some Swiss bank and other dark places! All this money is stolen from ordinary Kenyans who toil hard to pay taxes but live on $1 per day on average!
The country’s wealth should not be calculated from the thieves! How about those who are in the lower and middle class?
I am tired of wazungus tell us how rich we are while many of us cannot afford a decent on meal in a day!
$400 Billion shillings? This…
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In reply to Can hear wazungus have… by Mathenge (not verified)
$400 Billion shillings? This is 40 Trillion shillings (KShs.40,000,000,000,000).
Who are the wealthy folks…
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Who are the wealthy folks who are ballooning our economy in the eyes of some white dude? Give us a full list of these fat cats so we can asked them how they acquired all that stolen wealth!
7.4% wealth growth in 2020…
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7.4% wealth growth in 2020 is a pure lie! 2020 economy suffered a huge blow with the highest lose of jobs all over the world due to covid19. We are still experiencing the down flow of grow in 2021 because of the new Covid 19 plus variants.
These folks have no shame lying to people!
@ Roy, I agree with you…
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In reply to 7.4% wealth growth in 2020… by Roy (not verified)
@ Roy,
I agree with you. Most economies including the Western ones are not doing well since Covid-19.
It may take them years to recover if at all. Someone has to keep the lie going until their time is up or until truth reveals itself as it will soon.
We are all waiting patiently!! - for the truth!!
Waizi ndio wengi hapa. How…
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Waizi ndio wengi hapa. How do they make their money? And don't tell me disco, eggs or importing cars. Those are fake narratives.
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