US EditionSouth Africa Waves Goodbye to over 2 400 Millionaires
Africa's millionaire population is projected to rise by 65% by 2035, led by South Africa which holds 34% of the continent's millionaires, reflecting strong economic growth and investment trends.
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South Africa waves goodbye to over 2 400 millionaires
South Africa has lost over 2 400 millionaires in the past decade, according to the newly released Africa Wealth Report 2025, highlighting growing concerns about the country’s long-term ability to retain its wealthiest citizens. Despite still holding the title as the continent’s largest wealth market, with 41 100 millionaires, 112 centi-millionaires (with over $100 million in assets), and eight billionaires, the country’s high-net-worth individua…
According to the annual report on wealth in Africa published on Tuesday 26 August by Henley & Partners and New World Wealth, the population of millionaires and billionaires continues to grow on the continent. Often concentrated in the richest parts of Africa, it is expected to continue to grow in the next ten years.
Africa Wealth Report 2025: Millionaires population to grow 65% over next decade, South Africa richest nation
South Africa is Africa's richest nation and, over the next decade, millionaires in the continent are projected to grow by 65%, according to the Africa Wealth Report.
Africa remains a land of contrasts when it comes to the distribution of wealth. The Africa Wealth Report 2025, published on 26 August by Henley & Partners in partnership with New World Wealth, provides a striking overview of the continent's economic elites. It is now discovered that Africa is home to 25 billionaires, 348 centi-millionaires (heritages greater than 100 million...
The number of dollars millionaires in Africa will grow by 65% by 2035.
Africa's private wealth grows despite economic challenges
Africa’s millionaire population is set to surge by 65% over the next decade, according to the Africa Wealth Report 2025. The continent currently hosts 25 billionaires, 348 centi-millionaires, and 122,500 millionaires, with Sub-Saharan Africa’s economy forecast to grow 3.7% in 2025. This growth outpaces Europe at 0.7% and the United States at 1.4%, with projections reaching 4.1% in 2026. Now in its fourth year, the report by Henley & Partners and…
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