• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

South Africa, Egypt, Nigeria, Morocco and Kenya account for 50% of Africa’s total wealth

3 years ago
in Business, Economy, Editor's pick, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
114
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

South Africa, Egypt, Nigeria, Morocco and Kenya account for 50% of Africa’s total wealth

Africa’s ‘Big 5’ private wealth markets (South Africa, Egypt, Nigeria, Morocco, and Kenya) account for over 50% of the continent’s total private wealth, according to the latest 2022 Africa Wealth Report.

The report published by research firm New World Wealth and Henley & Partners was based on data from New World Wealth and Henley & Partners’ wealthy individuals’ database.

Data from the report reveals that the total private wealth currently held on the African continent is USD 2.1 trillion and is expected to rise by 38% over the next 10 years.

The report also noted that the creation of wealth and the flow of capital across the continent would be linked to the performance of frontier economies, which will be driven by the need to diversify wealth-creating sources.

Read: SIC decline in share price

Another critical highlight from the report revealed that Africa currently has 21 dollar billionaires, 305 centi-millionaires worth $100 million or more, and 136,000 HNWIs with a private wealth of $1 million or more. Interestingly, South Africa remains the country with the most HNWIs than any other African country, while Egypt emerged as the African country with the most billionaires.

RelatedPosts

President Mahama Targets Billion-dollar Ghana–Singapore Trade in 24-Hour Economy Pitch to Investors

Unpaid Taxes “Very Frightening”, Says Hon. Nana Osei-Adjei

Dollar Slides as Trump Fires Fed Governor Lisa Cook

Egypt (7), South Africa (5), Nigeria (4), Morocco (3), as well as Tanzania and Angola have one each.

In terms of wealth held by private citizens, the report ranked South African citizens as having the greatest combined wealth at $651 billion, followed by Egypt ($307 billion) and Nigeria ($228 billion).

“Total wealth refers to the private wealth held by all the individuals living in a country, including their assets (property, cash, equities and business interests) less any liabilities. We exclude government funds from our figures,” states the report.

Tags: African ContinentEgyptMorocco and Kenya account for 50% of Africa's total wealthNew World WealthNigeriaSouth Africa
No Result
View All Result

Highlights

IISD and IMANI to Host Roundtable Shaping Ghana’s New Independent Fiscal Authority

Premier League: Ngumoha’s Late Goal Seals Liverpool’s Thrilling Win Over Newcastle

US Open: Venus Williams and Keys Bow Out as Alcaraz Launches Campaign

GSE Opens Week Higher as CPC Posts First Gain of 2025

Asante Gold Announces Completion of $500m Financing Package to Boost Bibiani and Chirano Growth Plans

Gov’t Pledges to Intensify Reforms in Gold Sector Ahead of Crucial Anti-Money Laundering Assessment

Trending

Business

President Mahama Targets Billion-dollar Ghana–Singapore Trade in 24-Hour Economy Pitch to Investors

August 26, 2025

President Mahama Targets Billion-dollar Ghana–Singapore Trade in 24-Hour Economy Pitch to Investors President John Dramani Mahama has...

Unpaid Taxes “Very Frightening”, Says Hon. Nana Osei-Adjei

August 26, 2025

Dollar Slides as Trump Fires Fed Governor Lisa Cook

August 26, 2025

IISD and IMANI to Host Roundtable Shaping Ghana’s New Independent Fiscal Authority

August 26, 2025

Premier League: Ngumoha’s Late Goal Seals Liverpool’s Thrilling Win Over Newcastle

August 26, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.