Number of millionaires in Africa 2011-2023
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Africa was home to 135,000 millionaires as of 2023. 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. Total private wealth in Africa amounted to 2.5 trillion U.S. dollars in 2023, slightly higher than in 2022. The wealth value measured referred to assets, such as cash, properties, and business interests, held by individuals living in each country, less liabilities.
