The Africa Wealth Report is the continent’s annual benchmark for private wealth research. Now in its 7th year, the report provides the most comprehensive review of the wealth sector in Africa, including trends among high-net-worth individuals, the luxury market, and wealth management.
The report reveals that 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, while Africa’s ‘Big 5’ private wealth markets together account for over 50% of the continent’s total private wealth.
Expert commentators provide analysis of the data to highlight the prevailing trends driving the creation, flow, and preservation of capital across the continent. Africa is home to some of the world’s fastest growing markets, so knowing where affluent individuals live, understanding their spending habits, and being aware of their preferences are all critically important to the providers of wealth management and luxury services in Africa and globally.
The Africa Wealth Report is published by Henley & Partners, the global leader in residence and citizenship by investment, in partnership with South African wealth intelligence firm New World Wealth.
The Africa Wealth Report 2022 was published on 5 April 2022.