10 things you can do with Sh13.6 million in Kenya
The news that Lupita Nyong’o’s pearl dress worth Sh 13.6 million had been stolen from a London hotel sent many into dreaming of how its value could change their lives.
For a person in Kenya, the dress’s price could change life and do the following:
1. Buy 10 bottles of Remy Martin Louis XIII-Brandy at ABC Place’s Caramel Lounge
The bottle costs Sh1.2 million at the Lounge and so obviously even after buying 10, one would still have change to fuel his guzzler while driving home after an obviously affluent party at the Lounge.
2. Pay school fees for your child at International School of Kenya from Grade 1 to Grade 8
This is how valuable this amount is even to the rich in the Kenyan society. As to how many years of school fees the amount would pay in an ordinary private boarding school, probably from class one to university level.
3. Buy a Jaguar Sports Car like Maina Kageni’s
There are a variety of guzzlers this amount of cash can fetch those who adore machines, but this particular Jaguar that the celebrated radio presenter got himself is the ultimate prize anyone can buy with that amount of money.
4. Pay rent for an apartment in Kileleshwa for 11 years
A fully furnished apartment will definitely save you the hustle of having to buy households and later dispose them at a throwaway price when relocating. That amount will give you peace of mind during your stay in the country.
5. Buy 2.5 acres of land at Diani Beach in Mombasa
Here is where many of us Kenyans now fall, land, land, land… if you are property minded like most Kenyans are, then you will agree with me that a piece of land by the beach is the greatest investment and is sure to give you crazy returns whether you sell it after some time, build apartments or a beach hotel.
6. Buy three matatus to register in a city Sacco
With Saccos now in place, clearly matatu business is becoming lucrative as all you do is pay they registration fee and let them manage the business for you, while you draw a specific income every month. So at Sh4 million each, you become the owner of three matatus and pocket Sh250, 000 every month from each matatu.
7. Buy Safaricom shares
Being among the top companies whose share price is doing well in the money markets, buying shares here will be a major financial boost. At an average price of Sh13 per share, the amount will buy you a cool 1 million shares that are bound to give back handsome dividends.
8. Sponsor 20 students through university parallel course
A four year parallel degree course at a public university costs an average of Sh650,000 depending on the course and number of semesters. Assuming you are sponsoring Bachelor of Arts courses, the amount will be enough to take 20 students through their university education.
9. Buy a two bedroom apartment in a middle class Nairobi estate
With that amount you can buy an apartment that you can live in as your first home or rent out at an average of Sh30,000 per month.
10. Spend five nights at Kempinski presidential suite
With that amount, you will not have to wait for Valentine’s Day to enjoy the luxury of having a private chef, butler and diamond jewelry set. The money will guarantee you not just a night of diamonds, but five nights of diamond.