A list of careers with the highest number of millionaires in Kenya is out. According to the list, there are careers which produced as high as 3,000 millionaires while others produced zero millionaires.
But who is a millionaire?
In Kenya a millionaire is an individual with assets totaling at least Ksh 100 million. The assets can either be real property or in liquid cash. This means if one has at least Ksh 100 million($1 million) in the account, he/she is a millionaire.Alternatively,if all his assets are in excess of Ksh 100 million, he is millionaire.
Currently Kenya has approximately 15,000 millionaires, with majority of the millionaires living and working in Nairobi. The capital city, Nairobi has a total of 10,000 millionaires. Of these millionaires, 68 % are drawn from entrepreneurs. There are, however, those who double as employees and entrepreneurs, there are also others who hold elective positions and at the same time run multi-million empires.
In the list below, some career completely outclass others in terms of the number of millionaires they churn out. Here is the list.
CAREER | NUMBER OF MILLIONAIRES |
Business/Entrepreneurship | 6,700 |
Finance | 3,300 |
Law | 1,100 |
Engineering | 1,010 |
Health/Medicine | 1,112 |
Aviation | 112 |
Architecture | 102 |
Security | 90 |
Computer Science/IT | 80 |
Economics | 60 |
Journalism/Mass Communication | 33 |
Others | 1,000 |
Surprisingly, Education is pooled alongside careers like front office, customer service and environmental science. The bitter reality is that a career in Education is for people who intend to be average Kenyans. Education has a salary ceiling, which means even if you work for 24 hours you won’t earn beyond a certain amount.
The only way to become a millionaire in Kenya is to venture into business or pursue a career that would make you one. Alternatively, you can venture into politics.