Number of millionaires in Africa 2011-2022
Total private wealth in Africa amounted to 2.4 trillion U.S. dollars in 2022, slightly higher than in 2021. The wealth value measured referred to assets, such as cash, properties, and business interests, held by individuals living in each country, less liabilities.
Africa was home to 138,000 millionaires as of 2022. The number of high net worth individuals (HNWIs), each with net assets of one million U.S. dollars or more, slightly increased by nearly two percent compared to the previous year.