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The AfrAsia Bank Africa Wealth Report 2019

The 2019 Africa Wealth Report provides a comprehensive review of the wealth sector in Africa, including HNWI trends, luxury trends and wealth management trends in 17 countries and 20 cities across the continent.

 

Key findings:

• Despite accounting for 16% of the world’s population, Africa only accounts for 1% of total worldwide wealth.
• Total wealth held on the continent amounts to US$2.2 trillion. Around US$920 billion (42%) of this is held by HNWIs.
• The average individual living in Africa has net assets of approximately US$1,900 (wealth per capita).
• There are approximately 140,000 HNWIs living in Africa, each with net assets of US$1 million or more.
• There are approximately 6,900 multi-millionaires living in Africa, each with net assets of US$10 million or more.
• There are approximately 310 centi-millionaires living in Africa, each with net assets of US$100 million or more.
• There are 23 billionaires living in Africa, each with net assets of US$1 billion or more.

 

For further analysis and rankings, please view the report here.

 

Also please find a summary presentation here.