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Kenya dollar millionaires rent out their second homes
Knight Frank Kenya CEO, Mark Dunford (right) is flanked by other officials during the launch of the 2024 wealth report firm’s Wealth report on April 30, 2024, at Capital Club in Nairobi.
Photo credit: Photo | Billy Ogada | Nation Media Group
Nine out of every 10-dollar millionaires in Kenya are renting out their second homes, according to findings from the Knight Frank Wealth report.
The report published on Tuesday notes that the high-net-worth individuals (HNWIs) whose assets stand at Sh133.27 million ($1 million) and above have turned their additional residential properties into income-generating assets.
