Where Are More of the Wealthiest Africans Calling Home?
Hint: It’s not South Africa or Nigeria.
May 9 2016 6:12 PM
According to Africa 2016 Wealth Report, Johannesburg is no longer where it’s at.
The report examined the performance of millionaires between 2007 and the end of 2015—
defining “millionaires” or “high-net-worth individuals” as those people with net assets of
$1 million U.S.
Here are the results. Drumroll, please.
1. Mauritius
2. Ethiopia
A construction crane stands among office buildings over the city center March 18, 2013, in Addis Ababa,
Ethiopia.
Sean Gallup/Getty Images
3. Tanzania
Park wardens drive through the Mikumi National Park in Tanzania on Oct. 13, 2013.
Daniel Hayduk/AFP/Getty Images
4. Cote d’Ivoire
A supporter of the Ivorian national soccer team wears a wig with the Ivorian national flag colors Feb. 9,
2015. SIA KAMBOU/AFP/Getty Images
5. Kenya
An artist puts decorative graffiti on a privately owned public transport bus, popularly known as “matatu,”
at a workshop in a suburb of Nairobi, Kenya, on April 14, 2016. TONY KARUMBA/AFP/Getty Images
6. Gabon
A supporter of Gabon waves her national flag before the London 2012 Olympic men’s soccer match
between Gabon and Mexico on July 29, 2012. PAUL ELLIS/AFP/GettyImages
7. Namibia
Sand dunes of the Dorob National Park in Namibia on Feb. 17, 2016
GIANLUIGI GUERCIA/AFP/Getty Images
8. Botswana
A 1,109-carat rough Lesedi La Rona diamond found in Botswana—the biggest rough diamond discovered
in more than a century—on display in New York City on May 4, 2016
Spencer Platt/Getty Images
9. Nigeria
An art collector looks at an art piece by Nigerian artist Ben Enwonwu on May 4, 2016, in Lagos, Nigeria.
PIUS UTOMI EKPEI/AFP/Getty Images
10. South Africa
Children in Alexandra Township stand next to a mural of Nelson Mandela on June 15, 2013, in Johannesburg.
Jeff J. Mitchell/Getty Images
Fun fact: The Africa 2016 Wealth Report finds that approximately 165,000 millionaires live in
Africa, with combined wealth holdings of $860 billion U.S.
Felice León is multimedia editor at The Root.
Like The Root on Facebook. Follow us on Twitter.
SOURCE: http://www.theroot.com/articles/lists/2016/05/wealthy_africans_on_the_map.html
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Hint: It’s not South Africa or Nigeria.
May 9 2016 6:12 PM
According to Africa 2016 Wealth Report, Johannesburg is no longer where it’s at.
The report examined the performance of millionaires between 2007 and the end of 2015—
defining “millionaires” or “high-net-worth individuals” as those people with net assets of
$1 million U.S.
Here are the results. Drumroll, please.
1. Mauritius
Mauritius, an enchanting little island off the coast of Madagascar, with low taxes and a booming retirement
crowd, is the fastest-growing African country for millionaires, while famed South Africa is bringing up the rear.
Check out the entire list, in order of wealth, below.
The national flag of Mauritius is held up as worshippers gather in St Peter’s Square at the Vatican to
follow Pope Francis on Jan. 17, 2016. FILIPPO MONTEFORTE/AFP/Getty Images
crowd, is the fastest-growing African country for millionaires, while famed South Africa is bringing up the rear.
Check out the entire list, in order of wealth, below.
The national flag of Mauritius is held up as worshippers gather in St Peter’s Square at the Vatican to
follow Pope Francis on Jan. 17, 2016. FILIPPO MONTEFORTE/AFP/Getty Images
2. Ethiopia
A construction crane stands among office buildings over the city center March 18, 2013, in Addis Ababa,
Ethiopia.
Sean Gallup/Getty Images
3. Tanzania
Park wardens drive through the Mikumi National Park in Tanzania on Oct. 13, 2013.
Daniel Hayduk/AFP/Getty Images
4. Cote d’Ivoire
A supporter of the Ivorian national soccer team wears a wig with the Ivorian national flag colors Feb. 9,
2015. SIA KAMBOU/AFP/Getty Images
5. Kenya
An artist puts decorative graffiti on a privately owned public transport bus, popularly known as “matatu,”
at a workshop in a suburb of Nairobi, Kenya, on April 14, 2016. TONY KARUMBA/AFP/Getty Images
6. Gabon
A supporter of Gabon waves her national flag before the London 2012 Olympic men’s soccer match
between Gabon and Mexico on July 29, 2012. PAUL ELLIS/AFP/GettyImages
7. Namibia
Sand dunes of the Dorob National Park in Namibia on Feb. 17, 2016
GIANLUIGI GUERCIA/AFP/Getty Images
8. Botswana
A 1,109-carat rough Lesedi La Rona diamond found in Botswana—the biggest rough diamond discovered
in more than a century—on display in New York City on May 4, 2016
Spencer Platt/Getty Images
9. Nigeria
An art collector looks at an art piece by Nigerian artist Ben Enwonwu on May 4, 2016, in Lagos, Nigeria.
PIUS UTOMI EKPEI/AFP/Getty Images
10. South Africa
Children in Alexandra Township stand next to a mural of Nelson Mandela on June 15, 2013, in Johannesburg.
Jeff J. Mitchell/Getty Images
Fun fact: The Africa 2016 Wealth Report finds that approximately 165,000 millionaires live in
Africa, with combined wealth holdings of $860 billion U.S.
Felice León is multimedia editor at The Root.
Like The Root on Facebook. Follow us on Twitter.
SOURCE: http://www.theroot.com/articles/lists/2016/05/wealthy_africans_on_the_map.html
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