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Self-made billionaires on rise in Kenya as inheritance shrinks – Knight Frank

Technology, agriculture, and real estate are breeding a new crop of self-made High net individuals

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by VICTOR AMADALA

Business14 May 2025 - 08:55
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Knight Frank Kenya CEO Mark Dunford /HANDOUT

The number of wealthy individuals in Kenya has dropped by at least 10 per cent in the past 12 months, attributed to economic slowdown worsened by fiscal challenges, harsh climatic conditions and social unrest.

Even so, the latest Knight Frank’s Wealth Report released on Tuesday shows that technology, agriculture, and real estate are breeding a new crop of self-made high net individuals, with majority accumulated rather than inherited.

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