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World

Zeenat Hansrod

Number of African-born millionaires to skyrocket over next decade: report

Africa Mauritius fintech Henley Partners South Africa

South Africa’s Ragavan Moonsamy, a self-made millionaire, poses with one of his Lamborghinis in Cape Town. He grew up in a two-bedroom house with eight siblings in a township and later started his own investment firm, Unipalm. Getty Images - Per-Anders Pettersson

Africa’s millionaire population is expected to rise by 65 percent within the next 10 years, accordig to the 2024 Africa Wealth Report, published this week.

Africa is home to 135,200 millionaires and 21 billionaires, measured in US dollars.

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