More Kenyans join dollar millionaires league, report shows

Andrew Shirley

Knight Frank’s Wealth Report Editor Andrew Shirley during the launch of the Wealth Report 2020 at a Nairobi hotel on March 4, 2020. PHOTO | FILE | NMG

The number of dollar millionaires in Kenya grew marginally to 3,362 last year, even as more than a quarter of them sought second citizenships, a new survey shows.

The 2022 Knight Frank Wealth Report said 39 more Kenyans joined the rank of the world’s High Net Worth Individuals (HNWIs) with a net worth of more than Ksh113.89 million ($999,912) last year, representing a marginal 1.17 per cent rise, compared to 3,323 in 2020.