Browsing: Kenya’s wealthy

• Kenya’s wealthy are leading a strategic shift from luxury homes and foreign assets to energy-efficient, revenue-generating investments in 2025.
• Knight Frank report shows they’re they are turning their attention—and billions—on home-grown opportunities in technology, agriculture, data centres, and green energy.
• Nearly 77% of wealth managers surveyed said inherited assets represent less than 40% of their clients’ wealth portfolios. For half of them, that figure is under 30%.

Kenya’s wealthy individuals are fast redrawing the roadmap to riches. A new survey shows that East Africa’s largest economy is experiencing a bold departure from traditional wealth-building norms as High Net-Worth Individuals (HNWIs) abandoning their fixation on foreign property and private residential rentals. Instead, they are turning their attention—and billions—inward, betting big on home-grown investment opportunities in technology, agriculture, data centres, and green energy.

According to the 2025 Kenya Edition of the Knight Frank Wealth Report, the country’s millionaires are increasingly self-made, …

• Kenya’s ultra-wealthy performed better than their counterparts elsewhere in the world in 2023 
• The world’s wealthiest saw their fortunes slashed globally by 10% in 2022 owing to challenges including post-pandemic property price falls, soaring energy prices, and surging inflation 
• Africa’s super wealthy saw the lowest losses, recording an overall drop of just 5%

Kenya’s wealthy fared better than the wealthy anywhere else in the world during the economic turmoil of 2022, retreating from international citizenships and foreign property in favour of Kenya and Africa as safe havens.

This is according to the 2023 attitudes survey issued with Knight Frank’s annual Wealth Report. As per the survey, the world’s Ultra-High Net Worth Individuals (UHNWIs) saw their fortunes slashed globally by 10% in 2022 on a cocktail of post-pandemic property price falls, soaring energy prices, falling stock markets, and surging inflation and interest rates.

The super-wealthy in Europe were by far the …