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Top African Countries With Highest Number of Wealthy Individuals

Nigeria – According to data by the research firm New World Wealth, these are the African countries with the highest number of people worth $1 million or more:

South Africa – 46,800 People have $1 million or more
Egypt – 20,200
Nigeria – 15,400
Kenya – 8,500
Angola – 6,400
Morocco – 4,800
Algeria – 4,700
Mauritius – 3,200
Namibia – 3,100
Ethiopia – 2,800

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However, the picture looks slightly different when the number of millionaires is examined in the context of each country’s population.

Mauritius – 2,469 people are worth $1 million or more per a million people
Namibia – 1,348
South Africa – 883
Angola – 298
Egypt – 246
Kenya – 192
Morocco – 146
Algeria – 120
Nigeria – 89
Ethiopia – 80

Source: Quartz

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Written by PH

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