Africa’s wealthiest nation boasts virtually 40,000 millionaires, and over 100 individuals with fortunes of greater than 100 million USD, in line with an funding consultancy.
Henley and Companions put collectively a listing of the continent’s high 10 wealthiest nations, and revealing the expansion – or decline – in millionaires over a 10-year interval from 2013. It additionally totted up the variety of centi-millionaires – these with over $100m – and billionaires.
Prime of the record on the agency’s web site is South Africa, which was discovered to have 37,400 millionaires, 102 centi-millionaires, and 5 billionaires. However although it had essentially the most people with seven-figure fortunes in Africa, millionaire development between 2013 and 2023 was discovered to have been at minus 27 p.c.
Egypt, which hyperlinks northeast Africa with the Center East, had 15,600 millionaires in line with the agency’s estimates, in addition to 52 centi-millionaires, and 7 billionaires with millionaire development at -22 p.c.
Nigeria, a West African nation on the Gulf of Guinea had 8,200 millionaires, 23 centi-millionaires, three billionaires although the variety of millionaires declined by 45 p.c over the interval – the very best on the record.
Kenya was the subsequent highest ranked with 7,200 millionaires, 16 centi-milionaires, with no billionaires. The variety of millionaires over the identical interval tracked grew by 30 p.c.
Morocco was discovered to have 6,800 millionaires, 832 centi-millionaires, 4 billionaires with 35 p.c millionaire development.
The figures are for December 2023 and are primarily based in US {dollars}. Millionaire figures are roundest to the closest hundred and the one individuals resident in every nation are included within the stats.
You could find the total high 10 rankings in line with the corporate under.
The ten wealthiest nations in Africa, so as, are as follows:
- South Africa – 37,400 millionaires, 102 centi-millionaires, 5 billionaires. Millionaire development (between 2013 and 2023): -27 p.c between
- Egypt – 15,600 millionaires, 52 centi-millionaires, seven billionaires. Millionaire development: -22 p.c
- Nigeria – 8,200 millionaires, 23 centi-millionaires, three billionaires. Millionaire development -45 p.c
- Kenya – 7,200 millionaires, 16 centi-milionaires, no billionaires. Millionaire development: 30 p.c
- Morocco – 6,800 millionaires, 832 centi-millionaires, 4 billionaires. Millionaire development: 35 p.c
- Mauritius – 5,100 millionaires, 15 centi-millionaires, no billionaires. Millionaire development: 87 p.c
- Algeria – 2,800 millionaires, eight centi-millionaires, one billionaire. Millionaire development: -28 p.c
- Ghana – 2,700 millionaires, six centi-millionaires, no billionaires. Millionaire development: 26 p.c
- Ethiopia – 2,700 millionaires, 4 centi-millionaires, no billionaires. Millionaire development: 30 p.c
- Namibia – 2,300 millionaires, three centi-millionaires, no billionaires. Millionaire development: 32 p.c