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Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming - Business - Nairaland

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Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:15pm On Aug 09, 2015
Africa's wealthy elite is expanding at a dramatic pace. In fact, according to a report by New World Wealth, the number of African millionaires has risen at twice the pace of the rest of the world in the last 15 years.

Though huge parts of Africa remain locked in extreme poverty, it's impossible to miss the emergence of ultra-wealthy individuals.

Here we've included the nations where the number of HNWI (high net worth individuals) has risen by more than 100% in the 15 years between 2000 and 2014. New World Wealth defines HNWIs as people with net assets of $1 million (£645,000) or more.

Overall in Africa, the number of HNWIs has risen by 145% over the period, while the world in general has seen an increase of 73%.


Source

http://www.businessinsider.com/new-world-wealth-african-millionaires-2015-8?r=UK&IR=T




Please move this to front page
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Seun
ishilove

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Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by ladyF(f): 12:15pm On Aug 09, 2015
Ok

ooops [size=20pt]LadyF [/size] is here already lol grin grin

3 Likes

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:16pm On Aug 09, 2015
16. Uganda — a 116% increase in HNW individuals between 2000 and 2014 just sneaks Uganda onto the list, with 1,300 millionaires in the country now.

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Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:18pm On Aug 09, 2015
15. Morocco — The fifth largest African economy (and the second in north Africa) now has 4,800 millionaires, a rise of 118% since 2000.

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Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:19pm On Aug 09, 2015
14. Tanzania — the second-largest economy in the East African Community, Tanzania now has 2,200 millionaires, up 120% from the turn of the millennium.

1 Like

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:20pm On Aug 09, 2015
13. Kenya — a 124% increase in the number of millionaires since 2000 has left this east African economy with more than 8,000 HNW individuals.

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by majamajic(m): 12:21pm On Aug 09, 2015
Ok ride on
Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:21pm On Aug 09, 2015
12. South Africa — this country has by far the largest number of HNW individuals, and a 135% increase in the last 15 years has pushed the figure to 46,800.

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:22pm On Aug 09, 2015
11. Mozambique — this Indian Ocean-facing nation has seen a 150% increase in HNWIs, just above the African average, and now has 1,000 millionaires.

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Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:23pm On Aug 09, 2015
10. Ivory Coast — a 156% climb in the number of millionaires brought this west African state's numbers into four-figure territory, up to 2,300.

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Miner13(m): 12:23pm On Aug 09, 2015
Youpele complete it I have a meeting to attend



If Nigeria is not at no1

Just I do not comment


Why that picx for ivory coast
What are they mixing
Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:24pm On Aug 09, 2015
9. Botswana — this major diamond exporter has seen the number of millionaire residents rise by 160% since 2000, climbing to 2,600.

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:25pm On Aug 09, 2015
8. Algeria — this north African state now has 4,700 HNW individuals, up from 1,800 in 2000, an increase of 161%.

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:25pm On Aug 09, 2015
7. Mauritius — this island nation has a particularly strong tourism sector, and the country has seen a 167% boom in the number of millionaires since 2000.

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:26pm On Aug 09, 2015
6. Namibia — Despite having a population of fewer than 3 million people, Namibia hosts 3,100 HNW individuals, a 244% rise on 15 years ago.

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Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:29pm On Aug 09, 2015
5. Ethiopia — no east African economy has seen a bigger climb in the ultra-wealthy than Ethiopia, where the numbers have risen 250% to 2,800 since 2000.

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Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:30pm On Aug 09, 2015
4. Nigeria — In Africa's largest state both by population and the size of the economy, the number of HNW individuals has more than quadrupled to 15,400, a 305% increase since 2000.

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Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:31pm On Aug 09, 2015
3. Zambia — This copper-rich state, home to Victoria Falls, has seen its number of HNW individuals rise by 400% to 1,000.

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:32pm On Aug 09, 2015
2. Ghana — this west African state's economy thrived during the commodity boom, and the number of HNW individuals has grown by 440% since 2000 to 2,700.

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Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Youpele52: 12:33pm On Aug 09, 2015
1. Angola — one of the most mineral and oil-rich countries in the world, Angola now has a booming class of ultra-rich people, with a 482% rise in HNW numbers since 2000.

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Gwan2(m): 1:13pm On Aug 09, 2015
See wat capitalism is doing to africa...Countries having Individuals with wealth enuf to feed d whole country's population and also individuals dat can barely eat 1 meal à day...
.
.
.
The worst part is dat i wil be taxed dsame10% vat with d so called HNW individual.
.
Until we implore UK tax system, d gap btw d rich and d poor in African wil continue to b as long as river nile.

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Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by RichDad1(m): 1:14pm On Aug 09, 2015
Yes. That's us. tongue
Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by SimpleVili: 1:15pm On Aug 09, 2015
Joining them soon




Place your orders for long-lasting solar power banks. See my signature.
Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Opinedecandid(m): 1:15pm On Aug 09, 2015
K

But I disbelieve the report's authenticity as regards naija.

Common, naija gat HNWIs pass that number, by far.

The number of individuals that have gotten there over a decade ago is by far more than that.

Maybe, however because some of them, if not most of them, acquired theirs individually, so they might have kept the development from government, the press and certain financial authorities so they won't be exposed and squeezed.

But Nigeria deserves position 1 of that list.

1 Like

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by BiggerBangs: 1:15pm On Aug 09, 2015
Nigeria Is not ontop...i close thread and went back to Sleep,Yeye Writeup lipsrsealed

1 Like

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Nobody: 1:15pm On Aug 09, 2015
The only way to erase the rich- poor gap is via education and industrial development...and an end to resource dependency.

2 Likes

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by simongonner: 1:15pm On Aug 09, 2015
ok
Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by mployer(m): 1:16pm On Aug 09, 2015
Op why use that oshodi bust stop to represent Nigeria? angry

33 Likes

Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by dhamstar(m): 1:17pm On Aug 09, 2015
Kk
Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by Walexey(m): 1:17pm On Aug 09, 2015
Cool
Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by kennyman2000(m): 1:17pm On Aug 09, 2015
Hmmmm
Re: Africa Millionaire Explosion:The 16Countries Where The Ultra-Wealthy Are Booming by ELTON123(m): 1:17pm On Aug 09, 2015
Nigeria 4th





Ok

2 Likes

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