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August 28, 2025
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Nairobi Ranked Among Africa’s Wealthiest Cities With 4,200 Millionaires

Nairobi Ranked Among Africa’s Wealthiest Cities With 4,200 Millionaires

While the number of dollar millionaires dropped, Kenya maintained a high position among Africa's wealthiest countries...

✨ Key Highlights

Kenya has been ranked as the fifth wealthiest nation in Africa, according to the Africa Wealth Report 2025. Nairobi is noted as Africa's fourth wealthiest city, hosting 4,200 millionaires, nearly half of Kenya's total.

  • Kenya is home to 6,800 High Net Worth Individuals (HNWIs) as of June 2025, defined as individuals holding over USD 1 million in liquid assets.
  • The report, a collaboration between Henley & Partners and New World Wealth, highlights South Africa as dominating the continent with 41,100 millionaires.
  • Despite its high ranking, Kenya's millionaire count dropped from 7,200 in April 2024 to 6,800 HNWIs in June 2025.
  • The report projects Africa's millionaire population to grow by 65 percent over the next decade, with sectors like fintech and eco-tourism driving this growth.

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