Kenya’s dollar multimillionaires double in 10 years

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Uganda has emerged as the fastest-growing source of diaspora dollars flowing into Kenya. FILE PHOTO | SHUTTERSTOCK


The number of dollar multimillionaires in Kenya more than doubled in the 10 years between 2012-2022 after individuals with a net worth of Sh620 million ($5 million) and above rose to 1,890 in a decade.

A report by Oxfam, Patriotic Millionaires, the Institute for Policy Studies and Fight Inequality Alliance, which draws its data from Forbes and Wealth X, places Kenya among 20 countries with the greatest combined assets of individuals in the dollar-multimillionaire bracket.

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Note: The results are not exact but very close to the actual.