Africa is home to some of the world’s fastest-growing economies, with most of its wealth gotten from the private sector through primary extraction activities. The total private wealth held in the African continent currently stands at 2.1 trillion US dollars, according to the latest 2022 Africa Wealth Report, published by Henley and Partners.
There are currently 136,000 high-net-worth individuals with a private wealth of 1 million dollars or more living in Africa, along with 305 centi-millionaires worth 100 million dollars or more, and 21 billionaires.
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Private wealth refers to all of an individual’s net assets and that includes things like property, cash, equities, and business interests.
Most of Africa’s richest companies and individuals with large market capitalization and net worth have their bases in these 5 countries you’re about to find out and others.
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Africa’s wealth is not only measured in financial terms but also in her natural and socio-geographic potentials such as coal, petroleum, chemicals, wood, metals, and minerals among st others.
Despite Africa’s lag in competition with other continents, her wealth is significant enough for evident development.
Watch”The FIVE (5) Countries With 50% of All Africa’s Wealth”,below
VIDEO The FIVE (5) Countries With 50% of All Africa’s Wealth
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