SA Now Accounts For 34% of Africa's Dollar Millionaires
Loading player...
Guest - Andrew Amoils is Head of Research at wealth intelligence firm New World Wealth
Africa’s millionaire population is projected to grow by 65% over the next decade, according to the newly published Africa Wealth Report 2025. The continent is currently home to 25 billionaires, 348 centi-millionaires, and 122,500 millionaires — a remarkable transformation from the late 20th century, when there were only a few billionaires and many African economies were in long-term decline.
Now in its 4th year, the report published annually by international wealth advisory firm Henley & Partners in collaboration with its global wealth intelligence partner New World Wealth shows that private wealth markets across Africa are expanding strongly despite global headwinds, underpinned by robust economic growth. Sub-Saharan Africa’s economy is forecast to grow by 3.7% in 2025 — outpacing Europe (0.7%) and the US (1.4%) — with growth projected to reach 4.1% in 2026.
Africa’s millionaire population is projected to grow by 65% over the next decade, according to the newly published Africa Wealth Report 2025. The continent is currently home to 25 billionaires, 348 centi-millionaires, and 122,500 millionaires — a remarkable transformation from the late 20th century, when there were only a few billionaires and many African economies were in long-term decline.
Now in its 4th year, the report published annually by international wealth advisory firm Henley & Partners in collaboration with its global wealth intelligence partner New World Wealth shows that private wealth markets across Africa are expanding strongly despite global headwinds, underpinned by robust economic growth. Sub-Saharan Africa’s economy is forecast to grow by 3.7% in 2025 — outpacing Europe (0.7%) and the US (1.4%) — with growth projected to reach 4.1% in 2026.
