The 2019 Wealth Report, which is compiled by AfriAsai Bank, has ranked African countries according to their wealth on the continent.
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In the ranking, South Africa tops the list with its total high nett worth individuals (HNWI) where 39 200 people are holding most of the country’s wealth at $649 billion.
Egypt follows with $303 billion and 16 700 holding the country’s wealth. Nigeria follows in the third position with 225 billion and 9 900 wealthy individuals.
Below is the full list, according to the report:
1. South Africa - $649 billion
2. Egypt - $303 billion
3. Nigeria - $225 billion
4. Morocco $114 billion
5. Kenya - $93 billion
6. Angola - $69 billion
7. Ghana - $59 billion
8. Ethiopia - $57 billion
9. Tanzania $57 billion
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