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The number of millionaires in Africa will grow by 42% to 195 thousand people by 2032

Advisory firm New World Wealth predicts the number of African millionaires will increase by more than 40% over the next ten years, to almost 200,000, but will decline by 28% in Angola since 2012.

“The number of millionaires in Africa is expected to increase by about 42% over the next ten years, reaching about 195,000 in 2032,” says the Africa Wealth Report, released today, which reports a 28% decline in the number of millionaires. in Angola from 2012 to 2022 – up to 2400.

Mauritius will be a major growth point, with the study predicting a 75% increase in the number of millionaires on a list in which five countries (South Africa, Egypt, Nigeria, Kenya and Morocco) represent more than half of the total number of millionaires. millionaires, that is, persons with a net worth of more than one million dollars (912 thousand euros), and more than 90% of people with a net worth of more than one billion dollars (912 million euros).

Author: Lusa
Source: CM Jornal

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