Financial Advisory

Wealth Concentration in Africa: Historical, Economic, and Institutional Factors

Dollar Millionaires in Africa Growing but Concentrated The infographic alongside is from Visual Capitalist, based on the 2022 Henley & Partners Africa Wealth Report, showing total private wealth at $2.1 trillion, heavily concentrated in cities like Johannesburg ($239B), Cape Town ($131B), Cairo ($128B), Lagos ($97B), and Nairobi ($48B). It highlights four main regions—South Africa, Egypt,