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Top African cities with the most millionaires

Henley & Partners report shows Nairobi has over 5,000 individuals worth over Sh120 million.

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by EMMANUEL WANJALA

News15 September 2022 - 11:15
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In Summary


  • • The report also showed that there are 240 multi-millionaires ($10 million+) and 11 centi-millionaires ($100 million+).
  • • However, Nairobi does not have any one-dollar billionaires.
Nairobi ranks fifth city in Africa with the wealthiest individuals.

Nairobi has been ranked fifth among the African cities with the highest number of wealthiest people.

This is according to a new report by London-based investment migration consultancy firm Henley & Partners.

The report shows that Nairobi has over 5,000 high-net-worth individuals (HNWIs) who have Sh120 million ($1 million) and above. 

The report also showed that there are 240 multi-millionaires ($10 million+) and 11 centi-millionaires ($100 million+).

However, Nairobi does not have any one-dollar billionaires.


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