NewsMorocco, 4th African country in terms of private wealth

Morocco, 4th African country in terms of private wealth

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Henley & Partners recently published the 2022 edition of its Africa Wealth Report in which the British company presents the state of private capital in Africa and the wealth of the continent’s fortunes. In this report, which indicates that 2,100 billion dollars are held on the continent which has 136,000 millionaires, the company presents Morocco as the 4th country in terms of individual wealth.

Indeed, no less than 3 billionaires are still listed in Morocco while all the fortunes of the country share 125 billion dollars, behind South Africa (651 billion), Egypt (307 billion) and Nigeria. (228 billion). By adding Kenya (91 billion), the company points out that 50% of the wealth in Africa is distributed in these 5 countries.

Morocco is also 5th in terms of capital per capita with 3,380 dollars, behind Mauritius (34,500 dollars), South Africa (10,970), Namibia (9,320) and Botswana (7,880).

Over the past 10 years, wealth in Morocco has grown by 18%, it is pointed out, while at the same time the continent’s wealth has fallen by 7%.

Casablanca finds itself in 8th place among the richest cities, with 43 billion dollars, 2,500 millionaires, 120 multi-millionaires with more than 10 million dollars, 13 centi-millionaires and 2 billionaires.

The Moroccan Blog
The Moroccan Blog
The Moroccan Blog is an English based newsblog dedicated to Morocco. You can find here all news from Morocco across a variety of topics: Arts & Culture, Economy & Business, Lifestyle, Moroccan Sahara, MRE, Society, Tourism & Travel and more.

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