The number of multi-millionaires in Nairobi is set to increase by more than half in the next seven years, outpacing growth in some of the most developed countries in the world.
This trend follows the growth of Africa’s super-rich, with statistics showing that the region’s segment of high-net-worth individuals grew by 9.9 per cent in 2012, the second-highest in the world after North America, and above the global average of 9.2 per cent.
According to the latest World Wealth Report by the consulting firm Capgemini, the number of dollar millionaires (people with a net worth over $1 million (about Sh85 million) in Nairobi is expected to increase 62 per cent to over 8,000 from about 5,000 currently by 2020.
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