Africa: World’s Fastest Growth in Millionaires

Africa has the highest growth in the world in terms of the number of wealthy individuals (rich in net worth / HNWI) (New World Wealth).

Between 2000 and 2014, the number of African individuals who own at least $ 1 million to invest a gain of 145%, compared with 73% for the number of HNW worldwide over the same period. As of December 31, 2014, the continent had approximately 161,000 people with a cumulative fortune of $ 660 billion.

South Africa is home to the largest number of millionaires on the continent, followed by Egypt, where the number of forced individuals continued to grow despite the economic crisis following the January 2011 revolution.

New World Wealth also expects the number of African HNWIs to increase by 45% over the next decade to around 234,000 by 2024. Mozambique is expected to be the African country that will register The strongest growth in the area over the next ten years, ahead of Côte d'Ivoire and Zambia.