Top 5 Luxury Items Kenyan Billionaires Spend Money On
A person holding the steering wheel of a car
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Knight Frank, the leading independent global property consultancy has released a report giving Kenyans a glimpse into the flashy lifestyle of Kenya’s wealthiest individuals.
The survey covered financial advisors, wealth managers and private bankers who have clients worth more than Ksh3 billion.
Despite the economic effects of the pandemic, Kenyan billionaires maintained their luxurious lifestyle and increased spending on tangible investments of passion, such as art and classic cars.
A 1974 Mercedes Benz W114
Instagram
The top five most popular investments of passion in 2020 amongst ultra-high net worth individuals were art, classic cars, watches, rare whisky and jewellery.
Quiet Towns Where Kenya s Super Rich Retire
Billionaire s Chris Kirubi home in Vipingo, Kilifi County
Capital Group
In some of Kenya s serene locations, the affluent are finding refuge and building prestigious homes where they will live out their sunset years in comfort as well as luxury.
Some of the Kenyan towns are gaining popularity as the tycoons run away from the busy city life.
Below are some of the towns that tycoons are seeking refuge;
Narok
Uhuru Kenyatta and his
Deputy William Ruto are believed to have their retirement homes in Narok, the home of the world-famous Maasai Mara.
The president allegedly has a 1000-acre piece of land that hosts his retirement home located in Oloolmongi, Lolgoran Ward. He reportedly bought the land from Olerien and Kengani group in 2020.