Wealth report shows rise of self-made billionaires

Boniface Abudho (left) research analyst for Africa and Mark Dunford CEO of Knight Frank, Kenya, officially release a Kenya Wealth report, a perspective on Kenya wealth investment trends 2024 at Capital club, Nairobi. [Jonah Onyango, Standard]

The rise of self-made billionaires is becoming evident among high-net-worth individuals (HNWI), with the latest Wealth Report by property consultant Knight Frank showing none of the super-rich attributed more than 70 per cent of their wealth to inheritance.

The report released on Tuesday showed that a majority of the super-rich attributed inheritance to 30 to 40 per cent of their wealth.

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