ntamaholo
JF-Expert Member
- Aug 30, 2011
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Kenya might be the largest economy in the region but Tanzania is home to the most dollar millionaires.Tanzania na Uganda ndio nchi pekee East Africa ambazo unaeza kua millionaire lakini bado wewe ni maskini
Mfano ukibadilisha 1 million ya Tanzania pale Namanga au Sirare unapewa 49k-45k ya Kenya [emoji23][emoji23][emoji23]View attachment 2071625
A new report shows the number of super-rich in Tanzania far supersedes that of Kenya, which enjoys superior economic standards measured by gross domestic product (GDP).
A recent wealth report by Knight Frank shows the tally of Tanzania’s super-rich stood at 5,668 at the end of 2019 compared to Kenya’s 2,942.
This includes 5,553 who are dollar millionaires - worth Sh100 million and above, another 114 billionaires, worth Sh3 billion and above and one that is worth over Sh100 billion.
Kenya has 2,900 dollar millionaires, 42 individuals worth $30 million and above and none in the category of dollar-billionaire, according to the 2020 Wealth Report by property management firm Knight Frank.
Even as Tanzania has churned out more millionaires, Nairobi has continued to stretch its lead as the region’s largest economy with the latest data from the International Monetary Fund (IMF).
With a per capita income of $957 (Sh90,570) as of 2018, Tanzania is classified by the World Bank as a poor country. However, Kenya with a per capita income of $1202 (Sh120,200) is categorised as low middle-income country.
Uganda has 137 individuals worth over Sh100 million, five who are worth Sh3 billion and above and no one worth Sh100 billion.
Source Revealed: Kenya has 2,900 dollar millionaires