According to the latest report, total private wealth held on the continent amounts to approximately $2.0 trillion. ‘Total wealth’ refers to the private wealth held by all the individuals living in each country. It includes all their assets (property, cash, equities, business interests) and less any liabilities.
South Africa has around 36, 000 millionaires or HNWI, 1, 930 multi-millionaires (+$10 million) and five dollar-billionaires.
Egypt, which comes in at 15, 500 and 810 respectively and 6 billionaires
Nigeria, the continent’s biggest economy, is in third spot on the private wealth list. It has 9, 100 HNWIs, 460 multi-millionaires and four billionaires.