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In, Henley & Partners. According to New World Wealth, the African city with the greatest number of millionaires is South Africas economic hub Johannesburg with 23,400 millionaires, followed by the Egyptian capital Cairo with 12,300 and Lagos in Nigeria with 9,800. Patrice is worth $2.8 billion as of 2023. And more than 5% of the state's households can claim millionaire status. Nkosi is a wealthy businessman from KwaZulu Natal. As of 2022, here are the world's 15 Black billionaires: 1. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Becoming wealthy is attainable for anyone. Over a third of the U.S. Black population (35%) was 22 years or younger in 2019. In Egypt, the family-owned Mansour Group is one of the countrys largest revenue generators. Revealed: Here's how many SA millionaires - The South African The American dream is the main reason why, for centuries the United States of America has been the number one destination for generations of immigrants. The biggest chunk of those millionaires are in the R1 million -R2 million range. ", Henley & Partners, Number of millionaires and billionaires in Africa as 2021, by wealth tier Statista, https://www.statista.com/statistics/1242532/number-of-millionaires-and-billionaires-in-africa/ (last visited March 05, 2023), Number of millionaires and billionaires in Africa as 2021, by wealth tier [Graph], Henley & Partners, April 22, 2022. Still, I think it's important to highlight the Black people who have found success in America over the years. But what the listing fails to mention is Azizs wife,Salwa Idrissi Akhannouch, CEO and founder of the Aksal Group, a luxury fashion company based in Casablanca, who is one of the wealthiest women in North Africa. Because then you're going to do work that you love to do. Available: https://www.statista.com/statistics/1242532/number-of-millionaires-and-billionaires-in-africa/, Number of millionaires and billionaires in Africa as 2021, by wealth tier, Available to download in PNG, PDF, XLS format, HNWI population worldwide 2010-2021, by region, Assets of HNWIs worldwide 2010-2021, by region, Number of millionaires in China 2015-2021, Annual growth rate of millionaires in China 2011-2021, Number of super rich people in China 2012-2021, Number of super rich people in Greater China in 2021, by city, Number of HNWI in China 2020, by wealth group, Distribution of super rich individuals in Greater China as of 2021, by nature, Luxury goods market revenue in China 2014-2027, Share of Chinese luxury consumption abroad and in China 2015-2021, Main reasons for purchasing luxury goods in China 2020, by age group, Leading luxury goods categories bought by Chinese luxury shoppers 2021, by age, Most popular alcoholic beverages among Chinese millionaires 2021, Most popular tea types among Chinese millionaires 2021, Most popular collector's items among Chinese high-net-worth individuals 2021, Share of Chinese millionaires who would buy used luxury goods 2021, Preferred leisure activities among Chinese millionaires 2021, China: luxury tourism revenue 2019-2024, by market, Most popular international travel destinations of Chinese millionaires 2019-2021, Most popular domestic travel destinations of Chinese millionaires 2019-2021, Most popular travel themes among Chinese millionaires 2021, Preferred gifts for men by Chinese millionaires 2021, Preferred gifts for women by Chinese millionaires 2021, Major charity donators in China 2021-2022, by donation, Chinese millionaires' leading donation purposes 2011-2021, Origins of leading philanthropists in China 2022, Distribution of investable assets of UHNWIs in the U.S. 2014, Distribution of assets of millionaires in the U.S. 2014, Prosperity measurements for regions of the United Kingdom (UK) 2017, Number of billionaires South Korea 2014-2024, Number of high net worth individuals in Japan 2021, by wealth range, Distribution of assets of UHNWIs in the U.S. 2014, Total wealth of the adult population in Japan 2000-2021, Number of millionaires South Korea 2010-2021, Non-financial wealth as a percentage of gross wealth in Asia Pacific 2019, by country, Foreign direct investment (FDI) from China, Find your information in our database containing over 20,000 reports. Statista. Gentrification doesn't have to force minority residents out of their homes. Top of the list was Nicky Oppenheimer with an estimated net worth of R95.2 billion. Most wealthy Africans have come from Nigeria, Angola and Ghana. Khanyisile Mbau, alias Khanyi Mbau, is one of the self-made millionaires in South Africa. Read more , according to the 2019 Global Wealth Report by Credit Suisse. [Once] South Africa was not only the retail capital of Africa but one of the retail capitals of the world, says Chris Bishop, author of Africas Billionaires by Forbes Africa. To use individual functions (e.g., mark statistics as favourites, set Raymond Ackerman runs his business together with his family. Roughly 30% of the entire Black population was below the age of 20 and 11% were 65 or older. "Number of millionaires and billionaires in Africa as 2021, by wealth tier." Moloi-Motsepe is the founder of African Fashion International, a full-service fashion agency and the brains behind fashion week events in both Johannesburg and Cape Town. ALSO READ: Learn to earn: Which SA universities have produced the most millionaires? How many millionaires are there in South Africa? Ngumbela was an astute businessman who passed away in a car crash in 2021. Answer these 2 simple questions & WIN R1000 in cash! Profit from the additional features of your individual account. TheSouthAfrican.com is all about South Africa and the stories that affect South Africans, wherever they are in the world. Black Hispanic. One business opportunity that is often overlooked even by fashion industry insiders is the apparel after-care sector. As a result, they work hard to achieve millionaire status. Cyril Ramaphosa is one of the leading Black South African millionaires in 2023. Around US$306 billion of this is held by HNWIs. Dangote Group founder Aliko Dangote has topped the 2018 list. South Africa is the wealthiest country in Africa with almost twice as many millionaires as any other African country, NWW stats show. Get the latest tips you need to manage your money delivered to you biweekly. The cheapest vehicles in the country offer comfort and convenience without emptying your bank account. But in 1964, Egypts nationalisation of major industries, including cotton, forced the oldest Mansour, Loufty, to flee to Switzerland where he set up a cotton brokerage and instead connected Sudanese cotton traders with international buyers. There are 15 black billionaires in the world and we just highlighted the top 10. She also owned Royal Eagles FC, a South African football club, but has since sold itS. In 2012, he co-founded the Pembani Remgro Infrastructure Fund with Johann Rupert. 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The country has a favourable business environment and a relatively stable economy. Did you know South Africa has the highest number of millionaires compared to other African nations? Now that community has 65,000 people. Gerrit Thomas (GT) Ferreira is a respected businessman, investor, and banker. It took me a while to build up an audience of 1,000 people on my mailing list. It also includes data for the last ten years for all income brackets. He has a personal car collection and multiple properties in Cape Town and Johannesburg. The report for 2022 detailed some of the fascinating fiscal trends in South Africa. Pembani Remgro Infrastructure Fund is the former Worldwide African Investment Holdings. previously disadvantaged groups include Black Africans, Coloreds, Indians and Chinese Asians (i.e. There are teachers with more wealth than doctors and lawyers. 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MaMkhize is a socialite, businesswoman, philanthropist, and television personality born and raised in Umbumbulu, KwaZulu-Natal. A paid subscription is required for full access. UK-based New World Wealth recently released a report that ranks African countries according to their number of millionaires. They come from all over the world, Europe, Asia, Latin America and Africa. It may take you some years; it took me 14 years. Lauritz (Laurie) Dippenaar has invested in financial services. In recent decades, the median net worth for white households has "far exceeded" that for Black households, according to the Brookings Institution, and the gap is only growing. Access to this and all other statistics on 80,000 topics from, Show sources information Founded in 1916 by Gus Ackerman, father to Raymond Ackerman, the company was a value clothing retail chain, a far cry from the failed ostrich feather business that Raymonds grandfather Meyer Ackerman attempted to start when he arrived in South Africa from Lithuania at the end of the 19th century. Please help update this article to reflect recent events or newly available information. How much of a Momentum Proteas Womens cricket fan are you? The median age of Black people in 2019 was 32, six years younger than the U.S. population's median age of 38. Show publisher information April 22, 2022. The top 5% of African Americans have 20 times more wealth. The United States has the greatest number of millionaires 18.6 million, or 40% of the world total, according to the 2019 Global Wealth Report by Credit Suisse but that doesn't mean millionaires are the majority of this country's population. His children are running it. Despite the continents many well-documented challenges for starting a business, the most recent Africa Wealth Report shows that the total private wealth held in Africa is expected to rise by 35 percent over the next 10 years, reaching $3 trillion by 2028. In spite of the continents well-documented challenges and emerging market status, the luxury sector is already paying dividends for some most notably the European brands sold there but also for an elite group of local distributors and retailers. She is a renowned media and television personality, actress, artist, and entrepreneur. A paid subscription is required for full access. As a group, the continent's 19 billionaires are worth an . She is a renowned media and television personality, actress, artist, and entrepreneur. All Rights Reserved. You can only download this statistic as a Premium user. Who is the richest woman today? [2] Individuals who are from Africa, but don't reside in the continent (such as Elon Musk and Mo Ibrahim) are omitted by Forbes from the list. The U.S. Black population is young and growing. His net worth is $36.4 million. He is the founder of the Pick N Pay Group supermarket chain. The statistic shows the distribution of U.S. millionaires in 2013, by race and ethnicity. She may have been born a slave, but by the 1820s, she was. Zwelibanzi Vincent Mntambo is the founder of Eyesizwe Coal, a mining company. In a nutshell, blacks in the top 1% have over 70 times more wealth than the average black family. She was born and raised in Soweto and came into the limelight after starring as Doobsie in SABC 2's soap opera Muvhango. He is one of the founders of FirstRand Bank, alongside Laurie Dippenaar and Paul Harris. At every income level even among the top 10% of earners white Americans' net worth is higher than that of Black Americans. Today the retail chain counts 700 stores, 80 of which opened in the 2018 financial year. He is the founder of Dangote cement. The actress has a line of gin called I Am Khanyi. South African company registration: 1986/016729/23. You need a Statista Account for unlimited access. Most people who pay tax earn less than R350000 a year. Who is the richest woman in Namibia? - 2023 There's a certain level of discipline required. Richest Black Billionaires in the World 2022 1. There are over 39 thousand South African millionaires in 2023. There are 5627 in this category, down from 5752 the previous year. [1] Second biggest in the millionaires category is the R2 million R5 million earners almost 29 000 of them and up by just over 200 year-on-year. Get full access to all features within our Business Solutions. 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