Which countries are breeding the continent’s millionaires, and why do some cities attract billionaires while others lag behind?
Is Nigeria, Africa’s largest economy, punching above its weight or falling short when it comes to creating extreme wealth?
And what do these numbers reveal about inequality, opportunity, and the future of Africa’s economic elite?
NUMBER OF MILLIONAIRES [$] IN AFRICA
Top 10 — Count
🇿🇦South Africa — 41,000
🇪🇬Egypt — 14,800
🇲🇦Morocco — 7,500
🇳🇬Nigeria — 7,200
🇰🇪Kenya — 6,800
🇲🇺Mauritius — 4,800
🇩🇿Algeria — 2,700
🇬🇭Ghana — 2,600
🇳🇦Namibia — 2,500
🇪🇹Ethiopia — 2,400
#Statisense
(Africa Wealth Report, 2025)
NUMBER OF BILLIONAIRES [$] IN AFRICAN CITIES
Top 5 — Count
🇪🇬Cairo — 5
🇿🇦Cape Town — 3
🇿🇦Cape Winelands — 3
🇿🇦Johannesburg — 2
🇳🇬Lagos — 2
#Statisense
(Africa Wealth Report, 2025)
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