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VIDEO:The FIVE (5) Countries With 50% of All Africa’s Wealth

VIDEO The FIVE (5) Countries With 50% of All Africa's Wealth

Africa is home to some of the worldโ€™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.

RELATED: VIDEO The 10 Businesses That Will Create Africaโ€™s Next Billionaires.

Private wealth refers to all of an individualโ€™s net assets and that includes things like property, cash, equities, and business interests.

Most of Africaโ€™s richest companies and individuals with large market capitalization and net worth have their bases in these 5 countries youโ€™re about to find out and others.

RELATED: VIDEO 10 African Countries with the Largest Foreign Exchange Reserves in 2022

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 Africaโ€™s lag in competition with other continents, her wealth is significant enough for evident development.

Watchโ€The FIVE (5) Countries With 50% of All Africa’s Wealthโ€,below

VIDEO The FIVE (5) Countries With 50% of All Africa’s Wealth

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