1 in every 11 millionaires in Africa lived in Johannesburg, South Africa, in 2023

As of December 2023, Johannesburg had the highest number of millionaires (12,300) in Africa; Cape Town followed with 7,400 millionaires. South Africa dominated the list, with its cities and regions claiming top spots.

Source:

The Africa Wealth Report 2024

Period:

2023
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Gold (jewellery, bar & coin) demand in Egypt (2010–2024)
  • Jewellery demand made up 81.35% of Egypt’s total gold demand between 2010 and 2024.
  • The highest jewellery demand was recorded in 2010 at 53 tonnes, and no year since has reached that level.
  • Jewellery demand declined by 50.75% between 2010 and 2024.
  • Bar and coin demand saw a sharp 700% increase between 2021 and 2022.
  • In 2023, bar and coin demand hit a record high of 30.3 tonnes and, for the first time, exceeded jewellery demand.
  • Overall, bar and coin demand rose by 943.48% between 2010 and 2024.
The US gold reserve of over 8,000 tonnes is higher than Germany's and Italy's gold reserves combined
Key takeaways:
  • The United States holds the largest national gold reserves in 2024, totalling 8,133.46 tonnes.
  • Western European countries in the top ten list collectively hold 9,892.76 tonnes of gold reserves.
  • China, India, and Japan are the only Asian countries in the top 10, together holding 4,001.71 tonnes.
  • The Russian Federation is the leading gold reserve holder in Central and Eastern Europe, with 2,332.74 tonnes.
  • All countries in the top ten list maintain at least 600 tonnes of gold reserves.
  • The total gold reserve held by the top ten countries amounted to 24,360.67 tonnes.
China tops the global reserves chart in 2024, holding nearly three times Japan’s reserves and having 5.53% of its total reserves as gold reserves
Key takeaways:
  • China leads all nations with total reserves of $3.46 trillion while holding 5.53% of its share in gold reserves.
  • The top 15 countries collectively hold a total reserve of $10.78 trillion.
  • Despite being the global leader in gold reserves, the United States ranks third in total reserves.
  • The largest share of the United States' total reserves is from its gold reserve holdings of 74.97%.
  • Countries in the top fifteen list hold at least $236.9 billion each in total reserves.
  • The United States, France, and Italy have more than 70% of their total reserve holdings in gold.
Elon Musk tops the global wealth rankings with a fortune surpassing $300 billion as of March 13, 2025
Key Takeaways:
  • As of March 13, 2025, Elon Musk is the sole individual whose net worth exceeds $300 billion.
  • Mark Zuckerberg is recognised as the youngest member among the top ten wealthiest individuals globally.
  • The exclusive $200 Billion Club features just three members: Musk, Bezos, and Zuckerberg.
  • The combined wealth of the ten richest individuals in the world totals around $1.8 trillion.
  • Eight individuals in the top ten wealth ranking list hail from the United States.
As of March 6, 2025, Alice Walton ranks as the richest woman in the world with a net worth of $103.9 billion
Key takeaways:
  • The total wealth of the three richest women surpasses $259 billion.
  • Alice Walton is the only woman in the world whose net worth exceeds $100 billion.
  • These women share a legacy of inherited wealth that they have successfully transformed into increased wealth.
  • Each of the top three richest women holds a net worth greater than $70 billion.
  • The top three richest women in the world are engaged in philanthropic endeavours.
Nigeria’s richest man has a net worth of $23.9 billion, ranking him as the 86th richest person globally
Key takeaways:
  • The total wealth of Nigeria's top four billionaires amounts to $37.4 billion.
  • Aliko Dangote's fortune accounts for almost 64% of the overall wealth among Nigerian billionaires.
  • Dangote's net worth is more than three times the net worth of Adenuga, and nearly 16 times greater than Otedola's.
  • All four individuals accumulated their wealth primarily through entrepreneurial efforts.
  • The sources of wealth for Nigeria's four richest men span various sectors, including cement, telecommunications, agriculture, and energy.
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