10 African countries with the highest number of dollar millionaires, according to latest ranking

Business Insider Africa presents a list of the 10 African countries with largest concentration of millionaires.The list is courtesy of the 2022 Africa Wealth Report.Countries from different parts of the continent are represented on the list. Henley & Partners in collaboration with New World Wealth recently released the 2022 Africa Wealth Report which show some very interesting statistics. We at Business Insider Africa got a hold of the 75-paged report, and we hereby bring you the details. READ: 8 most expensive African countries to live in due to high inflation rates First, a total sum of $2.1 trillion is currently held by Africa's private sector. And the number is expected to jump 38% come 2032. Another fascinating revelation from the report is that 50% of Africa's wealth is currently concentrated in just five countries. We shall be focusing on these countries shortly. Also, there are currently some 136, 000 individuals with net worths of over a million dollars living across the African continent. In the same vein, the continent also has about 6,700 multimillionaires, with a net worth of at least $10 million. READ: 20 African countries where workers earn highest minimum wage per month More so, a total of 305 centi-millionaires (i.e., individuals with net worths of over $100 million and more) are living in Africa at the moment. And the number of dollar billionaires in Africa currently stands at 21. "New World Wealth has predicted a healthy wealth growth of 38% for Africa in the next decade, and several Eastern African countries stand out — with over 60% growth expected in Uganda and Rwanda by 2031, and over 50% in Kenya and Zambia," said a part of the report. READ: 10 African currencies with the highest exchange rates against the dollar in Q1 2022 10 African countries with the highest number of dollar millionaires South Africa: There are some 39, 3000 high net worth individuals in South Africa who have net worths of over $1 million. The total number of multimillionaires in this country stands at 2,080, with 94 centi millionaires as well as 5 billionaires. Meanwhile, the total private wealth in this country is registered at a staggering $651 billion, the largest in Africa.Egypt: There are some 16, 900 high net worth individuals in Egypt who have net worths of over $1 million. The total number of multimillionaires in this country stands at 880, with 57 centi millionaires as well as 7 billionaires. Meanwhile, the total private wealth in this country is registered $307 billion.Nigeria: There are some 10, 000 high net worth individuals in Nigeria who have net worths of over $1 million. The total number of multimillionaires in this country stands at 510, with 28 centi millionaires as well as 4 billionaires. Meanwhile, the total private wealth in this country is registered $228 billion.Kenya: There are some 8,500 high net worth individuals in Kenya who have net worths of over $1 million. The total number of multimillionaires in this country stands at 340, with 15 centi millionaires and zero billionaires. Meanwhile, the total private wealth in this country is registered $91 billion.Morocco: There are some 5, 000 high net worth individuals in Morocco who have net worths of over $1 million. The total number of multimillionaires in this country stands at 220, with 22 centi millionaires as well as 3 billionaires. Meanwhile, the total