Rich List: African countries that have the most millionaires

Despite the continent’s strong economic growth over the past decade, the majority of Africans still struggle to make ends meet. That is not to say however, that Africa lacks wealthy people.

Let's take  look at some of the top 5 countries in Africa who have the most millionaires.

South Africa

The Country is home to 29,100 Millionaires, 970 multi millionaires and 4 billionaires. The figures are calculated according to the major sectors in the country that include: financial services (banks, accountancies, insurance), professional services (law firms), construction, telecoms and basic materials among others.

Egypt

Home to 8,900 millionaires, 480 multi millionaires and 5 billionaires. Major sectors in the city include: real estate & construction, financial services and basic materials.

Nigeria

Home to 6,800 millionaires, 360 multi millionaires and 4 billionaires. Major sectors in the city include: real estate & construction, telecoms, transport, financial services and basic materials.

Kenya

Home to 6,800 millionaires and 280 multi millionaires (2 billionaires). Major sectors in the city include: financial services, real estate & construction, retail, tourism, FMCG, telecoms and basic materials.

Angola

Home to 4,100 millionaires, 240 multi millionaires and one billionaire. Major sectors in the city include: real estate & construction, transport and basic materials oil & gas.

Morocco

Home to 2,300 millionaires, 110 multi millionaires and 2 billionaires. Major sectors in the city include: basic materials, manufacturing and financial services.

Ghana

Home to 2,300 millionaires and 100 multi millionaires (no billionaires). Major sectors in the city include: basic materials, manufacturing and financial services.