Nigeria ranks 3rd in List of African countries with largest dollar millionaires

  • A new report has revealed the top 10 African countries with the largest dollar millionaires for 2022
  • Although Nigeria has Africa’s largest economy, it is sitting behind Egypt and South Africa on the new list
  • Details from the report show the top five countries hold over 50 per cent of the Continent’s Private Wealth

Africa wealth report for 2022 published by Henley & Partners and New World Wealth has revealed that there are over 136,000 approximate millionaires (HNWIs) living in Africa with a net worth of US$1 million or more.

The 75-paged report also revealed that a 6,700 approximate multi-millionaires living in Africa, each with net assets of US$10 million or more.