As of today, the level at which youth entrepreneurs in Kenya are wealthy is on the increase at 27% which is even above the global pegged average of 22%.
This was revealed In the survey outcome that was conducted by knight franks and that among the leading technology that triggers such an increase in wealth among youth is their involvement in cryptocurrency (Bitcoin).
According to the Knight Frank survey, the major causes of the ultra high net-worth the youth that are below the age of 40 Is as a result of their involvement in areas like; block chain technology, metaverse and other modern technology.
However, the ultra high net worth of individual in Kenya has dropped so far by two percent a figure that should not be worried about as revealed by the Knight Frank MD in Kenya.
The announcement from the survey further reveled that most of Kenya’s wealthy youths are planning on making investments outside their country thus increasing the number of youth that are requesting for second passport or new nationality.
The youth believes that with this move, they will have a greater investment opportunity, advance health and access to good healthcare.
The survey was conducted as a result of demonstration that was carried out by some angry Kenyans on twitter claiming that the hike of prices in the country is on the increase prompting the government to intervene.