These 5 nations account for more than 50% of Africa’s total wealth.
Figures also indicate that South Africa has double the number of millionaires as any African nation, while Egypt has the highest number of billionaires in Africa.
Following years of solid growth, Mauritius ranks as the most wealthy in Africa by a significant margin (on a wealth per capita basis). This amounted to $34, 500 as of December 2021, which is well above second-placed South Africa at $10, 970.
When it come to cities, South Africa once again takes the lead:
Johannesburg- with a total private wealth estimated at more than $239 billion
Cape Town at $131 billion
Cairo at $128 billion
Lagos at $97 billion
Durban at $60 billion
Nairobi at $48 billion
According to the report, wealth held in Africa is forecast to rise 38% over the next 10 years to hit $3 trillion by 2031.