Africa Records Strongest Growth in Millionaires as Global Wealth Reaches New High in 2025

A new global wealth report has revealed that Africa experienced record growth in the number of millionaires in 2025, reflecting broader gains in global financial markets and rising asset values.

According to the 2026 edition of the Capgemini Research Institute’s World Wealth Report, global wealth held by high-net-worth individuals reached a record $98.3 trillion in 2025, representing an increase of 8.7%.

Global Wealth Reaches Historic Levels

The report found that the worldwide population of high-net-worth individuals increased by nearly two million people, reaching 25.3 million.

Capgemini attributed the growth to strong performance in equity markets, gains in artificial intelligence related technology stocks and easing inflation pressures across major economies.

The combination of improving market conditions and investor confidence helped drive significant wealth creation globally.

Africa’s Millionaire Population Expands

Across Africa, the number of individuals possessing at least $1 million in investable assets, excluding their primary residence, increased by 4.1%.

The report highlighted the continent as one of the regions benefiting from rising commodity prices and improving asset valuations.

Higher precious metal prices were identified as a major contributor to wealth creation across African markets, helping boost the value of investments held by wealthy individuals.

Morocco Leads Continental Growth

Morocco emerged as the continent’s strongest performer, recording a 16.8% increase in high-net-worth individuals.

Capgemini said the growth was supported by the country’s expanding financial services industry, rising real estate values and a growing group of ultra wealthy investors linked to its increasingly diversified private sector.

The performance placed Morocco among the fastest-growing wealth markets globally during the year.

Wealth Remains Highly Concentrated

Despite the increase in millionaire numbers, the report noted that wealth remains heavily concentrated among a small group of individuals.

According to the findings, just 1% of high-net-worth individuals control 34.8% of total wealth within this category.

The concentration highlights a growing debate about inequality and the distribution of economic gains, even as overall wealth continues to expand.

Beyond the Numbers: Africa’s Wealth Evolution

The latest findings reflect the growing sophistication of African financial markets and the increasing importance of sectors beyond traditional commodities. While wealth creation remains concentrated and significant economic challenges persist across many countries, the rise in investment activity, financial services and private sector development points to a continent that is steadily expanding its economic influence. Africa’s development story remains unfinished, but the growth of entrepreneurship, investment and innovation continues to create new opportunities for future generations.