However with things picking up, an estimated 1,517 Kenyans are expected to join the dollar millionaire club by 2025. Globally, the number of dollar millionaires dropped to 48.5 million from 52.9 million in 2019. In Africa, the number of dollar millionaires shrunk to 231,309 in 2020 compared to 251,511 the previous year. While the number of dollar millionaires dropped, more people seemed to take advantage social economic opportunities brought about by the the virus, including internet, sanitizers and Covid-19 protective gears to enter the ultra rich list. According to Ben Woodhams, MD Knight Frank Kenya, even though 2020 caused upheaval for most businesses and investors, there is renewed optimism in 2021.

Source: The Star February 25, 2021 00:56 UTC