Africa Wealth Report 2025: Continent Outpaces Global Growth as New Wealth Hubs Surge

LONDON,Aug. 26, 2025/PRNewswire/ --Africa'smillionaire population is projected to grow by 65% over the next decade, according to the Africa Wealth Report 2025. The continent is currently home to 25 billionaires, 348 centi-millionaires, and 122,500 millionaires — with Sub-Saharan Africa's economy forecast to grow by3.7%in 2025 — outpacingEurope(0.7%) and the US (1.4%) — with growth projected to reach 4.1% in 2026.

Now in its 4thyear, the report published annually by international wealth advisory firmHenley& Partners in collaborationNew World Wealthshows that private wealth markets acrossAfricaare expanding strongly despite global headwinds.  

Dominic Volek, Group Head of Private Clients at Henley& Partners, says"the investment migration sector is now working both ways, with African investors seeking greater global mobility and diversification while international investors are increasingly identifyingAfricaas a destination for long-term, stable capital deployment."

Africa'sWealthiest Countries and Cities

Following a strong past year,South Africanow accounts for 34% ofAfrica'smillionaires — roughly equal to the next five wealthiest countries combined — and with41,100millionaires, it leadsAfrica'sBig 5 wealth markets ofEgypt(14,800 resident millionaires),Morocco(7,500),Nigeria(7,200), andKenya(6,800), which together represent 63% of the continent's millionaires and 88% of its billionaires.

Mauritius, the 6thwealthiest country inAfrica, has recorded the continent's strongest HNWI growth over the past decade at +63%.Rwanda(+48%) andMorocco(+40%) have also posted strong gains, whileNigeria'smillionaire population has contracted sharply by -47%, withAngola(-36%) andAlgeria(-23%) likewise in decline.

At the city level, with11,700resident millionaires,Johannesburgholds onto the top spot asAfrica'swealthiest city. However,Cape Town, placed 2ndwith 8,500 HNWI, has emerged as the continent's leader in centi-millionaires, with 35 super wealthy individuals calling it home. The'Mother City'is alsoAfrica'smost expensive prime real estate market atUSD 5,800per m² and is on track to overtakeJohannesburgin total wealth by 2030.Cairoranks 3rdwith 6,800 HNWI and has the highest concentration of billionaires inAfrica, with 5 in residence, whileEast Africa'seconomic powerhouseNairobiin 4thplace has 4,200 millionaires, accounting for almost half ofKenya'stotal private wealth.

Africa'sMobility Gap Widens

Washington'shardening stance towardsAfricais set to dominate the continent's agenda in the year ahead, following measures introduced under the Trump administration ranging from steep tariffs and deep USAID funding cuts to the controversial deportation of convicted criminals toSouth Sudanand eSwatini. In addition, PresidentDonald Trump'sdecision to ban travelers from seven African nations and impose heightened restrictions on another three looks set to expand to include an additional 26 states. This would see roughly two-thirds ofAfrica's54 nations fully or partially barred from the US — one of the most sweeping mobility restrictions in recent history.

Exclusive research published in Henley& Partners'January2025 Global Mobility Report confirmed systemic visa discrimination against Africans inEurope. Led by Prof.Mehari Taddele Maruat the Migration Policy Centre at theEuropean UniversityInstitute, the study found that while globally only one in six Schengen visa applications is rejected, one in two African applicants is turned away — a rate that has more than doubled over the past decade. TheHenley Passport Power Index underscores the economic cost of this inequality.

In response, a growing number of affluent Africans are adopting a proactive strategy of"global positioning"by acquiring alternativeresidencerights andcitizenshipsas a tool to expand business reach, secure internationaleducationalopportunities for their children, and safeguard family wealth. Henley& Partners has processed applications from investors in 23 African countries over the past 18 months, nearly double the 12 in 2020, while enquiries forinvestment migration options surged by 50% in 2024.South AfricaandEgyptnow rank among the world's top 10 source markets. AsGrace Arthur at Henley& Partners Ghana explains,"These investors are not turning their backs onAfrica— they are expanding its footprint, forging connections, and unlocking capital on a global scale."

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SOURCE Henley& Partners