• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Wealth in Kenya: The Future of Kenyan HNWIs - Product Image

Wealth in Kenya: The Future of Kenyan HNWIs

  • Published: February 2014
  • Region: Kenya
  • 88 Pages
  • New World Wealth

FEATURED COMPANIES

  • Barclays
  • Credit Suisse
  • RMB
  • Sanlam
  • Standard Bank
  • Standard Chartered
  • MORE

This report provides a comprehensive review of the wealth sector in Kenya, including HNWI trends, wealth management trends and luxury trends in the country.

SCOPE

- Independent market sizing of local HNWIs across five wealth bands.
- HNWI volume, wealth and allocation trends from 2007 to 2013.
- HNWI volume, wealth and allocation forecasts to 2017.
- HNWI and UHNWI asset allocations across 16 asset classes.
- Details on offshore funds and where they are held.
- Demographics including age, gender, city and sector breakdowns of HNWIs.
- Review of local wealth management industry.
- Review of local luxury and collectables industry.
- Insights into the drivers of HNWI wealth.

KEY HIGHLIGHTS

- Kenya has the 4th highest number of HNWIs in Africa after South Africa, Egypt and Nigeria. In 2013, there were approximately 8,300 HNWIs in Kenya, with a combined wealth of US$31 billion, accounting for roughly 62% of Kenya's total individual wealth (US$50 billion).
- Kenyan HNWIs outperformed the worldwide HNWI average during the review period, with Kenyan HNWI numbers increasing by 24% whilst worldwide HNWI volumes declined by 0.3%.
- HNWI READ MORE >

TABLE OF CONTENTS

1 Introduction

2 Executive Summary

3 Wealth Sector Fundamentals
3.1 Political Background to Kenya
3.2 Economic Background to Kenya
3.3 Benchmarking Kenya's Wealth in Context
3.3.1 World statistics
3.3.2 Distribution of wealth in Kenya
3.3.3 HNWI volume and wealth trends

4 Findings from the New World Wealth HNWI Database
4.1 Trends in HNWI Wealth to 2017
4.1.1 HNWI trend analysis
4.1.2 Trends of the wealth bands
4.1.3 HNWIs - Age & Gender distribution
4.1.4 HNWIs – Breakdown by city
4.1.5 HNWIs – Affluent Neighborhoods & Suburbs
4.1.6 HNWIs – Population densities
4.2 UHNWIs
4.2.1 UHNWI volume trend analysis
4.2.2 UHNWI wealth trend analysis
4.2.3 UHNWIs – Industry breakdown
4.3 UHNWIs – Political connections
4.4 UHNWIs – Landowners
4.5 UHNWIs – Billionaires
4.6 UHNWIs – Centimillionaires
4.6.1 Centimillionaire volume trend analysis
4.6.2 Centimillionaire wealth trend analysis
4.6.3 Centimillionaire per capita net worth trend analysis
4.6.4 Top centimillionaires
4.7 UHNWIs – Affluent millionaires
4.7.1 Affluent millionaire volume trend analysis
4.7.2 Affluent millionaire wealth trend analysis
4.7.3 Affluent millionaire per capita net worth trend analysis
4.8 Core HNWIs
4.8.1 Core HNWI volume trend analysis
4.8.2 Core HNWI wealth trend analysis
4.9 Core HNWIs – Mid-tier millionaires
4.9.1 Mid-tier millionaire volume trend analysis
4.9.2 Mid-tier millionaire wealth trend analysis
4.9.3 Mid-tier millionaire per capita net worth trend analysis
4.10 Core HNWIs – Lower-tier millionaires
4.10.1 Lower-tier millionaire volume trend analysis
4.10.2 Lower-tier millionaire wealth trend analysis
4.10.3 Lower-tier millionaire per capita net worth trend analysis

5 Analysis of Kenyan HNWI investments
5.1 Analysis by Asset Class
5.1.1 Trends in alternative assets
5.1.2 Trends in “art, wine and wheels”
5.1.3 Trends of investments in real estate
5.1.4 Trends of investments in cash and deposits
5.1.5 Trends of investments in fixed income
5.1.6 Trends of investments in equity
5.1.7 Trends of investments in business interests
5.2 Analysis of Foreign Investments
5.2.1 Investments in Europe
5.2.2 Investments in North America (including Caribbean & Bermuda)
5.2.3 Investments in Asia-Pacific region
5.2.4 Investments in the rest of Africa
5.3 Alternative Breakdown: Liquid vs. Investable Assets
5.4 Analysis of Kenyan UHNWI investments

6 The Wealth Management Sector in Kenya
6.1 Private Banks
6.2 Wealth managers
6.3 Family offices
6.4 Wealth Management Industry – Clientele Model and Maturity
6.5 Behavioral Mapping of Wealth Management Industry in Kenya
6.6 Pension Fund Industry

7 Luxury Sector in Kenya
7.1 Luxury Cars
7.2 Luxury Food Stores
7.3 Luxury Brand Stores
7.4 Luxury Hotels and Lodges

8 Appendix
8.1 Regulations
8.2 Key Economic Trends and Drivers
8.2.1 LC to USD exchange rate
8.2.2 Real GDP growth
8.2.3 GDP per capita
8.2.4 Domestic market capitalization
8.2.5 Housing price indices
8.2.6 Commodity index
8.2.7 Inflation rate
8.2.8 Interest rate
8.2.9 Stock market performance
8.3 Wealth breakdowns

9 About New World Wealth

LIST OF TABLES

Table 1: HNWI wealth band and group definitions
Table 2: Largest cities in Kenya by population, 2013
Table 3: HNWIs – Volume Distribution Wealth Pyramid, 2013
Table 4: HNWIs – Wealth Distribution Wealth Pyramid (% share), 2013
Table 5: HNWIs – Top Kenyan Cities for millionaires, 2013
Table 6: HNWIs – HNWI Population Density in Major Cities, 2013
Table 7: Billionaire List, 2013
Table 8: Centimillionaires – Market Overview, 2007–2017
Table 9: Centimillionaire List, 2013
Table 10: Affluent Millionaires – Market Overview, 2007–2017
Table 11: Mid-Tier Millionaires – Market Overview, 2007–2017
Table 12: Lower-Tier Millionaires – Market Overview, 2007–2017
Table 13: HNWIs – Allocations of HNWI Assets (%), 2007-2017
Table 14: HNWIs – HNWI Holdings Growth (%), 2007–2017
Table 15: HNWIs – Allocations of HNWI Assets (US$ billion), 2007-2017
Table 16: HNWIs – Trends of Investments in Alternative Assets (%), 2007–2017
Table 17: HNWIs – Alternative Asset Composition (%), 2007–2017
Table 18: Global: Trends in Art, Wine and Wheels, 2007 - 2013
Table 19: Global: Prime Residential Real Estate Prices (US$ per square meter), 2013
Table 20: Global: Prime International Cities Performance (%), 2007–2013
Table 21: HNWIs – % Foreign allocation, 2007–2017
Table 22: HNWIs – Liquidity Breakdown (%), 2007–2017
Table 23: HNWIs – Liquidity Breakdown (US$ Billion), 2007–201
Table 24: UHNWIs – Allocations and Share of HNWI Assets, 2013
Table 25: Private Banks operating in Kenya, 2013
Table 26: Foreign Private Banks that have expressed interest in Kenya, 2013
Table 27: Wealth Managers operating in Kenya, 2013
Table 28: Upcoming Luxury Brand Stores in Kenya, 2013
Table 29: Luxury hotels and lodges, 2013
Table 30: Tax Structure for Individuals in Kenya, 2013
Table 31: LC to USD Exchange Rate, 2007–2017
Table 32: Real GDP Growth, 2007–2017
Table 33: GDP Per Capita, 2007–2017
Table 34: Domestic Market Capitalization, 2007 - 2013
Table 35: Housing Price Index (US$ terms), 2007–2013
Table 36: Commodity Indices, 2007–2017
Table 37: Inflation rate, 2007–2017
Table 38: Interest Rate, 2007–2017
Table 39: Stock Market Performance (US$ terms), 2007–2013
Table 40: HNWI Wealth to GDP Ratio, 2007–2017
Table 41: Appendix One
Table 42: Appendix Two

LIST OF FIGURES

Figure 1: HNWI wealth band definitions
Figure 2: Map of Kenya
Figure 3: Asset Price Performance, 2007–2013
Figure 4: Kenyan HNWI Performance, 2007–2017
Figure 5: HNWIs – Kenya vs The World, 2007–2017
Figure 6: HNWIs – Growth Factor Correlation, 2007–2013
Figure 7: HNWIs – Volume Distribution Wealth Pyramid, 2013
Figure 8: HNWIs – Wealth Distribution Wealth Pyramid (% share), 2013
Figure 9: HNWIs – Age Distribution, 2013
Figure 10: UHNWIs – Wealth Share Vs Volume Growth, 2007–2013
Figure 11: UHNWIs – Volume by Wealth Band, 2007–2017
Figure 12: UHNWIs – Wealth by Wealth Band (in US$ billion), 2007–2017
Figure 13: UHNWIs – Distribution by Industry, 2013
Figure 14: Centimillionaires – Market Overview, 2007–2017
Figure 15: Affluent Millionaires – Market Overview, 2007–2017
Figure 16: Mid-Tier Millionaires – Market Overview, 2007–2017
Figure 17: Lower-Tier Millionaires – Market Overview, 2007–2017
Figure 18: HNWIs – Asset Class Composition, 2007–2017
Figure 19: HNWIs – Trends of Investments in Alternative Assets (in US$ billion), 2007–2017
Figure 20: Global: Trends in Art, Wine and Wheels, 2007 - 2013
Figure 21: HNWIs – Foreign Investment Allocation and Growth by Asset Class (%), 2013–2017
Figure 22: HNWIs – Global Distribution of Foreign Investments, 2007–2017
Figure 23: HNWIs – Liquidity Breakdown (%), 2007–2017
Figure 24: UHNWIs – Asset Class Composition, 2007–2017
Figure 25: Wealth Management Industry Pyramid
Figure 26: Kenyan Wealth Management Industry – Behavioral Mapping, 2013
Figure 27: LC to USD Exchange Rate, 2007–2017
Figure 28: Real GDP Growth (%), 2007–2017
Figure 29: GDP Per Capita, 2007–2017
Figure 30: Domestic Market Capitalization, 2007 - 2013
Figure 31: Housing Price Index (US$ terms), 2007–2013
Figure 32: Commodity Indices, 2007–2017
Figure 33: Inflation rate, 2007–2017
Figure 34: Interest Rate, 2007–2017
Figure 35: Stock Market Performance (US$ terms), 2007–2013
Figure 36: HNWI Wealth vs GDP Ratio, 2007–2017
Figure 37: HNWIs – Volume by Wealth Band, 2007–2017
Figure 38: HNWIs – Wealth by Wealth Band (in US$ Billion), 2007–2017
Figure 39: HNWIs – Per Capita Net Worth (US$ million), 2007–2017

- Barclays
- Credit Suisse
- RMB
- Sanlam
- Standard Bank
- Standard Chartered
- UBS

Note: Product cover images may vary from those shown

RELATED PRODUCTS

Our Clients

Our clients' logos