Nigeria has retained its position as Africa’s fourth-wealthiest country by number of dollar millionaires, despite recording one of the continent’s steepest declines in high-net-worth individuals over the past decade.
According to the 2025 Africa Wealth Report by Henley & Partners in collaboration with New World Wealth, Nigeria is said to be a home to an estimated 7,200 millionaires, 20 centi-millionaires (worth at least $100 million) and three billionaires.
However, the report noted that the record represents a 47 percent decline in its millionaire population since 2015.
South Africa sits atop the ranking, with 41,100 millionaires, 112 centi-millionaires and eight billionaires, followed by Egypt with 14,800 millionaires, 49 centi-millionaires, and seven billionaires.
Morocco ranked third with 7,500 millionaires, 35 centi-millionaires and four billionaires, narrowly ahead of Nigeria, while Kenya completed the top five with 6,800 millionaires but no billionaires.
Mauritius takes the sixth position, with
