Mauritius’ Black River leads the growth in Africa’s wealth hotspots with 105% in a decade (+560 millionaires)

  • Black River, Mauritius, saw the fastest growth in millionaires: more than 105% over 10 years, adding about 560 new millionaires.
  • Marrakech, Morocco, grew by 67%, gaining roughly 680 millionaires from tourism and luxury real estate.
  • Whale Coast, South Africa, added around 600 millionaires with 50% growth, driven by lifestyle migration.
  • Cape Winelands, South Africa, gained about 1,100 millionaires, growing 42% over the decade.
  • Cape Town grew more modestly at 33%, but had the largest absolute gain—over 2,100 millionaires—reaching 8,500 total.

Over the past decade, Africa’s millionaire hotspots have shifted significantly, with Mauritius’ Black River region standing out after its millionaire population more than doubled—rising from around 540 a decade ago to 1,100 today, a net gain of over 560 new millionaires.

Marrakech follows with a 67% surge, growing by roughly 680 new millionaires to reach 1,700, thanks to its flourishing tourism, luxury property market, and international appeal. In South Africa, lifestyle-driven regions such as the Whale Coast (+600 millionaires) and the Cape Winelands (+1,100) have grown steadily, while Cape Town, despite a smaller growth rate of 33%, added the largest absolute increase of all—over 2,100 new millionaires—bringing its total to 8,500 today.

These gains reflect how political stability, lifestyle appeal, and investment opportunities have reshaped Africa’s wealth map.

Source:

New World Wealth

Period:

2015-2025
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