- Henley & Partners’ Africa Wealth Report 2024 revealed Kenya has 7,200 high-net-worth individuals, the fourth highest in the continent
- Jane Wanjiru Michuki is among the high-net-worth individuals in Kenya and is the largest female stockholder on the Nairobi Securities Exchange (NSE)
- She is the managing partner at Kimani and Michuki Advocates and has shares worth over KSh 5 billion at the NSE
Kenya is the fourth-richest country in Africa in terms of dollar millionaires and billionaires.
How many dollar millionaires are in Kenya?
Kenya has 7,200 high-net-worth individuals, according to Henley & Partners’ Africa Wealth Report 2024.
The report predicted that Kenya would have an 80% increase in millionaires in the next decade.
“Africa’s ‘Big Five’ wealth markets – South Africa, Egypt, Nigeria, Kenya, and Morocco – together account for 56% of the continent’s millionaires and over 90% of its billionaires,” the report stated.
Who is Jane Wanjiru Michuki?
Jane Wanjiru Michuki is among the high-net-worth individuals in Kenya and is the largest female stockholder on the Nairobi Securities Exchange (NSE).
A report by Knight Frank ranked her among Kenya’s over 20 female billionaires.
She is the managing partner at Kimani and Michuki Advocates and has shares worth over KSh 5 billion at the NSE.
She is one of Britam Insurance’s shareholders (9.5%), and her stake is worth over KSh 4.5 billion.
Billionaires Africa reported that she’s one of the shareholders of Equity Group Holdings.
According to her profile on the law firm, she holds a bachelor’s degree in law from the University of Nairobi and a master’s in law from the University of Warwick.
Which companies have Jane Michuki served in?
The high court advocate boasts over 36 years of experience in corporate and commercial law.
She was previously the chair of the Institute for Education in Democracy and a board member.
She was also a founding member, trustee, and vice chair of the Federation of Women Lawyers and on the boards of British American Tobacco Kenya, Women in Law and Development in Africa (WILDAF), and The Star.
Wanjiru is a board member of Nyumbani Children’s Home.
Which Kenyan billionaires shun public limelight?
Despite their vast wealth and influence, some Kenyan billionaires prefer to maintain low profiles, shunning the public limelight.
The Ndegwa brothers have shares in several companies, including NCBA Bank and First Chartered Securities, but rarely appear in the public domain.
On the other hand, John Kibunga Kimani is the second-largest East African individual shareholder at Safaricom. This followed his recent move to increase stakes at the giant telecommunication firm.
THE AUTHOR: Japhet Ruto
