Kenya’s population of high-net-worth individuals (HNWIs) – those with a net worth of over US$1
million excluding their primary residence – increased by 306 in 2018, according to the 2019 edition of The Wealth
Report published by Knight Frank.
Data compiled by Global Data Wealth Insight exclusively for The Wealth Report showed the number of dollar
millionaires in Kenya grew to 9,482 in 2018, increasing by 3.3% from 9,176 in the previous year. The number is
projected to increase by 22% to 11,584 individuals over the next five years to 2023, a much faster growth compared to
the 13% increase recorded since 2013 (8,400 HNWIs).
