· Kenya can pat its own back for it is ranked fourth in Knight
Frank’s Wealth Report list of African States’ ultra-rich.
· South Africa tops the list with 1,033 individuals flowed by
Nigeria (724); the relatively less known Morocco is ranked third with
215
Kenya can pat its own back for it is ranked fourth in Knight Frank’s
Wealth Report list of African States’ ultra-rich. The report says that
the there are 42-ultra rich people in the country, worth over US$ 30
million each.
As expected, South Africa tops the list with 1,033 individuals flowed
by Nigeria with 724 people. The relatively lesser known Morocco is
ranked third with 215. In the overall list of ultra-rich people the US
has the highest number at 240,575, which is more than Europe and Asia
combined, bagging almost half of the global total. China is the
second with 61,587 people, Germany occupies third position with 23,078
people and France fourth with 18,776 people. Across the world, the
number of ultra-high net worth individuals grew by 6 percent in the
last year, to hit 513,244. During this period, more than 31,000
additional ultra-high net worth individuals were created.
The prediction is that in the next five years, some of the highest
forecast of rich individuals will be India with a growth of 73
percent, followed by Egypt at 66 percent and Vietnam at 64 percent,
according to the report.
