Industry News
May 13, 2024
🌍 Where are the Millionaires based in Africa?
🔹 A few weeks ago, the Advisory firm, Henley & Partners unveiled its Global Wealth report mapping the flow of wealth over the last period.
🔹 This map is important as it shows not only the performance of an economy but also the ability of a country to attract High Net Worth Individuals (HNWI) through tax benefits, and lifestyle advantages.
🔹 Overall, Africa is home to 135 200 HNWI, among them 321 Centi-Millionaires and 21 Billionaires, those numbers are set to rise by 65% over the next period. Henley & Partners expects the key wealth-creating industries to be fintech, eco-tourism, business process outsourcing, software development, rare metals mining, green tech, media and entertainment, and wealth management.
If you were a millionaire in which city would you primarily live and why? Tell us in the comment section!
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