The weaker Kenya shilling has raised the threshold for joining the country’s top one percent by net worth to Sh2.8 million from Sh2.16 million two years ago, locking out more people from the affluent class.
A wealth sizing model published by Knight Frank, as a follow-up to its Wealth Report 2023 released in March, puts the minimum net worth needed to join the top percentile in Kenya at $20,000, which is unchanged since the firm’s last similar analysis in 2021.
