Africa has the least amount of millionaires in the world

With a net worth of $12.2 billion, Aliko Dangote is Africa's richest man
  • The 2019 Global Wealth Databook by Credit Suisse has mapped out the location of millionaires across the globe.
  • An analysis of the global pattern of wealth holdings by individuals found that there are over 37, 781 millionaires in the world.
  • Most of these rich people can be found in North America while Africa has the least amoung of millionaires.

The 2019 Global Wealth Databook by Credit Suisse, a multinational investment company, has revealed a world map of millionaires for this year. 

Based on the figures, North America is the continent where most millionaires live, with the United States having 18.6 M millionaires. This is more than any other country in the world. 

On the end, we have Africa as the continent with the least millionaires — 171,000. Latin America, India and Africa all account for only 3% of the total number of High-net-worth individuals (HNWIs) for mid-2019.

Most of these wealthy people can be found in South Africa which has 46,000 millionaires while other African countries have less than a thousand millionaires.

Here is a breakdown of the total wealth (USD bn) in the following African countries:

  • Algeria — 252
  • Egypt — 898
  • Ethiopia — 163
  • Ghana — 66
  • Kenya — 249
  • Morroco — 305
  • Nigeria — 443
  • South Africa — 770
  • Tanzania — 82
  • Tunisia — 112

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Rashid Abdalla's kids interrupt Citizen TV bulletin to wish him happy birthday [Video]

Rashid Abdalla's kids interrupt Citizen TV bulletin to wish him happy birthday [Video]

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022

Zuchu forced to apologize to fans after viral video raised eyebrows

Zuchu forced to apologize to fans after viral video raised eyebrows

Willy Paul wins against Diana Marua in court

Willy Paul wins against Diana Marua in court