The Wealthy of Africa

New World Wealth has released new data on Africa, and South Africa’s richest population group, showing how the wealthiest people invest their money.

According to NWW’s South Africa 2017 Wealth Report, the country has a total of 40,400 dollar millionaires, and has many as 2,130 individuals with more than R125 million in their account.

According to the wealth advisory firm, at the end of 2016:

• The average African individual had net assets of approximately US$2,000 (wealth per capita).
• Total individual wealth held on the continent amounted to US$2.2 trillion.
• There were approximately 145,000 high net worth individuals (HNWIs) living in Africa, with combined wealth holdings of approximately US$800 billion.
• There were 7,010 multi-millionaires living in Africa.