Top 10 African Countries with the Most RICH People

Top 10 African Countries with the Most Rich People
Hello Displorers, Welcome back to another informative video and thanks for watching, In this video we shall be counting down the top 10 African countries with the most rich people. Before we proceed let’s look at the definition of “RICH”, The wealth reports defines a rich person as someone who has at least 30 million dollars because these are referred to as ultra high net worth individuals. Going by this definition, there are approximately 6.900 rich people in Africa with South Africa leading with 2,070 people followed by Egypt with 870, Nigeria and Morocco comes in at 3rd and 4th place with 500 and 200 people respectively. Africa despite having 16% of the world population only accounts for 1% of total wealth worldwide. “Wealth refers to the net assets of a person. It includes all their assets (property, cash, equities, business interests) less any liabilities. It includes all property holdings, including primary residences.” There are 5 wealth tiers
1. Billionaire – These are individual with wealth of 1 billion dollars or more
2. Centi – Millionaires – These are individuals with wealth of 100 million dollars and more
3. Multi- Millionaires – These are individuals with wealth of 10 million dollars or more
4. Millionaires – These are individuals with with 1 million dollars and more and
5. Mass Affluence – these are individuals with 100.00 dollars and more.
If you are new here welcome, Be sure to subscribe and turn on notification so you dodnt miss any of our videos.
The Total wealth held in the continent of Africa is 2.2 trillion dollars of which around 920 billion dollars (42%)is held by High Networth Individuals with a networth of 1 million dollars and more.
In Africa, There are about 23 billionaires, 310 centi – millionaires, 6.900 Multi millionaires and 140.000 Millionaires. Africa is the poorest continent in the world with an Average African having a net wealth of about 1.900 dollars per capita. We have a video on why Africa is so poor, click on the card on the left end corner to check it out. Countries with larger population stand a high change of having a lot of rich people by virtue of their population. For this Video we shall use 1 million dollars as our benchmark,so without any further delay here are the Top 10 Africa countries with the most rich people according to the Wealth Reports.

10. Cote D’ivoire - 2 Centi Millionaires, 100 Multi Millionaires and 2500 Millionaires.
The Republic of Côte d'Ivoire, is a country located on the south coast of West Africa. It has a population of about 24 million people and a surface area of 322.463km2. its capita city is Yamoussoukro. The country has a GDP of about 58.2 billion dollars and a Nominal GDP per capita of about 2.159 dollars. Cocoa Exportation contribute massively to the Nominal GDP of Cote D’ivoire. Cote D’ivoire is currently one of the most visited country in Africa with close to 2 million visitors per year. Cote D’ivoire currently has 2500 Millionaires, 100 Multi Millionaires and 2 Centi Millionaires and there are no billionaires in the country. The country holds a net wealth of about $43 billion making it the 10th country in Africa with the most Rich people.



9. Ghana – ( 4 Centi Millionaire, 120 Multi Millionaires and 2900 Millionaires)
Coming in at the 9th position is the West African country of Ghana, Ghana is one of the richest countries in Africa in terms of Nominal GDP with an estimated GDP of About $69.7 Billion however the country only has a nominal GDP per capita of about 2.266 dollars. Ghana is an oasis of peace and attracts millions of tourists every year which contributes greatly to the country’s GDP. Ghana which has a population of about 31 Million people currently has, 4 Centi millionaires, 120 Multi Millionaires and 2900 Millionaires. Most of country’s rich people recide in the country’s capital city Accra. Ghana holds a total wealth of about 59 billion dollars.

8. Angola – (4 Centi Millionaire, 140 Multi Millionaire, 3.100 Millionaires)
Angola is a country on the west coast of Southern Africa. It is the seventh-largest country in Africa in terms of surface area. With a population of about 30 million people and A GDP per capita of about 4.100 Angola is one of the wealthiest Countries in Africa. Oil and Gas are athe main driving force of the country’s ecomony. As of 2020, There are about 4 Centi Millionaires in Angola, 140 Multi millionaires and 3.100 Millionaires. The Richest Person is in Angola according to Forbes magazine is Isabel Dos Santos daughter to the former president of Angola. The country also has a net wealth of about 69 billion dollars. Bribery and corruption are the main problems plaguing the country.
7. Ethiopia – 4 Centi Millionaire, 150 Multi Millionaire, 3.200 Millionaires