One of Africa’s fastest-growing economies, Kenya has a GDP of $99 billion and is home to more than 53.7 million people, of whom 330 are multimillionaires. Meanwhile, a total of 8,300 people hold the high-net-worth-individual status, according to a recent report by AfrAsia Bank.
The seventh-largest economy in Africa, Kenya ranks among the top 30 countries on the continent for living standards and economic wealth of individuals, with a GDP per capita of $1,838, based on data from the World Bank. This is a step below Angola’s $1,895 and Nigeria’s $2,097.
Kenya is also part of an elite group of five African countries that account for more than 50 percent of the continent’s total private wealth held by individuals. Private wealth in Kenya was estimated at $90 billion in 2020, making it the fifth-largest country on the continent in this regard.
Here are 10 of Kenya’s wealthiest businessmen, according to research by Billionaires.Africa.