Africa’s wealth map is being redrawn. Once cast as a continent struggling to shake off economic decline, it is now emerging as one of the fastest-growing hubs of private wealth in the world.
With its population swelling past 1.5 billion and its economy projected to reach $29 trillion by 2050, Africa is producing millionaires at a pace that rivals more mature markets.
A new Africa Wealth Report 2025 from Henley & Partners and New World Wealth projects a 65% surge in the continent’s millionaire class over the next decade.
The numbers point not just to booming cities and expanding middle classes, but to the rise of Africa as a serious force in global finance.
This article breaks down the 15 African countries that now host the largest number of dollar millionaires’ individuals with investable wealth of $1 million or more offering a closer look at where prosperity is taking root and what it means for the continent’s economic future.
No of millionaires($1M+): 2,000
Côte d’Ivoire, with Yamoussoukro as its political capital and Abidjan as its economic hub, is a key player in global agriculture as the world’s largest cocoa exporter and a major producer of cashew nuts. It has a population of 32.79 million people as of August 2025 which hosts 2000, millionaires aand only four cent millionaires.
The economy is projected to expand strongly in 2025, with real GDP growth of 6.3%, supported by robust agricultural and infrastructure activity. Nominal GDP is estimated at $94.48 billion, translating to about $2,870 per capita. In purchasing power parity (PPP) terms, GDP stands at $266.83 billion, or $8,110 per capita, accounting for 0.13% of global output. Inflation is expected to average 3%, reflecting relative price stability.
