Kindly move this to the jokes section.

Shots fired.

Things are about to get hot in here.

Did you read this part of the article?





Insights:

1. A meagre 100 of dollar millionaires in Kenya are worth more than 5 billion. My guess is half are political dynasty types we all know who may fit your category, the other half are the Manu Chandarias, the Kirubis and the like.

2. To be a dollar millionaire in Kenya means you only have to own about 100 million kshs in assets. A house in Lavington alone will do the trick twice over. Or a few apartments in Kilimani. Or a few maisonettes in dustbowl. Are you saying all those with such assets are politican looters or tenderpreneurs? Of course not. You build one high rise apartment complex on your plot after decades of sweat and you are easily in the 500m category. Does that make you a looter-politician too?

3. Majuu Kenyans and majuu returnees aplenty own assets sweated over for many years that can comfortably put them in category number 2 above. Are they also looter-politicians? Aly-khan Satchu himself is in that category. He minted big in London and came back with it. Strange he thinks these millionaires are looters yet does not see the irony that he too is a dollar millionaire who made his money cleanly (we hope!) and is thus part of the growing list that Kenya's red hot economy is churning out - or attracting from abroad - each passing year.

The huge increase by the way is NOT the top 100 group. Those top 100 guys are old money and have been on that list for decades. It is the NEW 180 dollar millionaires created in 2017 that one should pay close attention to.

Again I repeat, with an economy growing at 5%+ it is INEVITABLE that new wealth will be created; legitimately and legally. Think of someone owning a small business whose income is growing at 5% per year for 16 years. There is no way they will stay poor unless they are blowing all their money on useless things.

The funniest of funnies: those always complaining that the "economy is tough" and that only "looters" are moving ahead...when you offer them opportunity to buy a ka plot here and a ka plot there so that they can join in the wealth creating game..they cry you are a conman and mark time gnashing teeth bitterly in the same spot.

Ya Kiinya kweli si chache!

The economy didn't create the so called honchos.. Most simply pilfered our own sweat. You shelve out PAYE each month, then someone becomes Governor and uses the tax to build personal flats and office complexes. Kenyans aren't serious people. We let people get away with way too much

How does this negate anything I said?

There are a few real estate billionaires who are NOT old money types and did not grab vast tracts of lands. I posted one story of the kamzee prof who bought hundreds of acres of barren land in Western that is now worth over a billion. He is by no means corrupt nor an old money type who stole vast tracts of land as far as we know.

Another irritatingly condescending and smug remark.

I acknowledge that we live in a "capitalistic" society and not a communist or socialist state.

The current and immediate occupants on the House on the Hill have a background in Public Economics from prominent alma maters.

As such, this economy fails miserably when it fails to uplift every citizen equally.

Let the multi-millionaire become a billionaire. Let the millionaire become a multi-millionaire, and may those in the middle income ascend into the upper-middle-income range.

Conversely, let the poor join the middle income, et al.

His Excellency Kibutha Kibwana and his mango factory come to mind.

In a nutshell, The Title "Kenya's Economy Creating More Wealth" is an obscene insult to the many languashing in abject poverty while mere speculation on land makes a few billionaires.

I rest.

@MugundaMan I hope you are talking recklessly while you are part of the "connected economy." Kama wewe ni hustler hapa just being a psychofant, I feel sorry for you

I am busy taking advantage of the vast opportunities in our red hot economy, baba. These opportunities are available to anyone who is not lazy, is willing to work hard and invest wisely. Not sitting idly in Mwea while my rice rots on the field then blame serikali for my poverty jameni. So many farmers have pulled themselves out of poverty farming rice!

We are not talking about middle class socialites.. Here we are referring to people like this guy https://www.businessdail...791814-bsx341/index.html