In Africa there are 5 big private wealth markets, they include South Africa, Egypt, Nigeria, Morocco and Kenya.

These big 5 account for over 50% of the continent’s total private wealth, this is according to the latest 2022 Africa wealth report.

The report was published by research a firm New World Wealth and Henley and partners, this research was based on data from New World Wealth and Henley and partners wealthy individuals’ database.

The 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 big 5 account for the 50% of the USD 2.1 trillion.