The number of millionaires in Nigeria, Kenya and Angola will more than double by 2030

Lakepoint Apartments, Ikoyi, Lagos, Nigeria

According to the latest studies, there have never been so many high net worth individuals (HNWI) in the world, and they’ve never been richer. Capgemini and Royal Bank of Canada’s 2014 World Wealth Report founded that in 2013 nearly two million individuals crossed the HNWI threshold, marking a 15 per cent growth rate and the second largest increase since 2000.

At the same time, wealth itself grew by nearly 14 per cent, at a second-consecutive record high of $52.62 trillion, capping a five-year growth run of almost $20 trillion.

Read more: The new high net worth profile – Zawya.

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