As part of its Africa 2016 Wealth Report, New World Wealth reviewed the fastest growing African countries for millionaires.
The following table details the performance of millionaires in selected African countries between the end of 2007 – the peak before the financial crisis, and the end of 2015.
Mauritius was the top performing African country for millionaires during this period, with growth of 160%. Ethiopia also performed well with growth of 130%.
NWW defines ‘millionaires’ or ‘high net worth individuals’ (HNWIs) as those people with net assets of US$1 million (R14.5 million) or more.