Africa's Millionaire Wealth Surge | Morocco News

Africa’s millionaire class is exploding—with South Africa leading the pack at over 48,000 ultra-high-net-worth individuals, and the continent boasting more than 127,000 millionaires worth a combined $3 trillion. Morocco’s wealth surge is staggering, up 55% in a decade—way outpacing Africa’s 6% average—and Casablanca remains the crown jewel with nearly 3,000 millionaires. Marrakech’s growth is equally eye-popping, surging 82% in ten years. Meanwhile, Egypt and Nigeria saw drops—not because wealth vanished, but because currency devaluation made their millionaires look poorer in dollar terms. Tangier’s future looks bright too, projected to see private wealth jump 85% thanks to new investments and its strategic port. The African wealth game is heating up fast, with cities and nations fiercely competing for dominance. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/c793c9cd326c932b