Africa's economic landscape is undergoing a remarkable transformation, as evidenced by the 2024 Africa Wealth Report, published by Henley & Partners in collaboration with New World Wealth.

This detailed examination not only highlights the current state of wealth on the continent but also projects significant growth among high-net-worth individuals (HNWIs) over the next decade.

Africa's Wealth in Numbers: A Comprehensive Overview

The latest findings reveal that Africa's total investable wealth has reached an impressive USD 2.5 trillion. The continent's millionaire population is set to witness a 65% increase by 2033, spotlighting an era of unprecedented wealth accumulation.

Current Wealth Distribution:

HNWIs: There are currently 135,200 individuals with a net worth of USD 1 million or more.
Centi-Millionaires: About 342 individuals are worth USD 100 million or more.
Billionaires: The continent boasts 21 dollar billionaires.


Leading Wealth Markets:
South Africa remains the continent’s wealthiest country, despite a challenging past decade. It's home to 37,400 millionaires.
Egypt and Nigeria follow, with robust communities of millionaires and billionaires contributing significantly to their national economies.
Kenya, Morocco, and Mauritius are also key players in Africa's wealth landscape.

Read More: https://africafactszone.com/2024-africa-wealth-report/