Africa’s millionaire landscape is dominated by South Africa and Egypt, which together account for more than half of the continent’s wealthy individuals. South Africa leads with 41,100 millionaires, followed by Egypt with 14,800. However, when looked at as a share of the national adult population, smaller countries like Seychelles and Mauritius stand out, showing that wealth distribution takes on very different forms across the continent.
A striking fact is that Seychelles, despite having only about 500 millionaires, boasts the highest millionaire density on the continent, with 0.51% of its adult population classified as millionaires. Mauritius follows closely with 0.45%. This contrast highlights how smaller, service-driven economies can achieve high wealth concentrations relative to their size.
