According to the report “The Africa Wealth Report 2024” issued by the British firm Henley & Partners, South Africa is placed first among the African countries with the most millionaires in Africa, with 37,400 millionaires, 102 centi-millionaires and 5 billionaires, ahead of Egypt with 15,600 millionaires, 52 centi-millionaires and 7 billionaires.
Nigeria ranks 3rd with 8200 HNWIs, followed by Kenya (7200 millionaires), Morocco (6800), Mauritius (5100), Algeria (2800), Ethiopia (2700), Ghana (2700) and Namibia (2300). In total, Africa has 135,200 millionaires, 342 ce
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