2024 Africa Wealth Report predicts a 65% increase in Africa's millionaire population by 2030, with current investable wealth at $2.5 trillion.
2024 Africa Wealth Report predicts a 65% increase in African millionaire population over the next decade, with current investable wealth in Africa totaling $2.5 trillion. Africa's 'Big 5' wealth markets - South Africa, Egypt, Nigeria, Kenya, and Morocco - contribute to 56% of the continent's millionaires and over 90% of its billionaires. The continent's millionaire population is projected to grow by 65% within the next decade, with current HNWIs standing at 135,200 millionaires, 342 centi-millionaires, and 21 billionaires.
April 15, 2024
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