African countries with the most millionaires 2022
total number of millionaires on the continent. Second, in rank, Egypt counted 16,100 HNWIs. According to the source, approximately 138,000 HNWIs lived in Africa, each with one million U.S. dollars or more net assets, excluding government funds. The wealth value refers to assets such as cash, properties, and business interests held by individuals living in a country with fewer liabilities.
South Africa was home to the highest number of millionaires in Africa as of 2022. The country had 37,800 high net worth individuals (HNWIs), corresponding to roughly one-third of the