Africa Wealth Report 2024: Millionaires growth in next decade

Actualités économiques

The total investable wealth currently held on the African continent amounts to USD 2.5 trillion and its millionaire population is set to rise by 65% over the next ten years, according to the 2024 Africa Wealth Report, published by international wealth advisory firm Henley & Partners. Now in its 9th edition, the annual report reveals there are currently 135,200 HNWIs with investable wealth of USD 1 million or more living in Africa, along with 342 centi-millionaires and 21 dollar billionaires. Africa’s ‘Big 5’ wealth markets (South Africa, Egypt, Nigeria, Kenya, and Morocco) together account for 56% of the continent’s millionaires and over 90% of its billionaires. By 2033, the likes of Mauritius, Namibia, Morocco, Zambia, Kenya, Uganda and Rwanda are all expected to experience 80%+ millionaire growth.

Source : PR Newswire

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