High-net-worth individuals (HNWIs) from Africa set to double by 2025: Knight Frank's 2015 Wealth Report

A mansion in Cape Town, South Africa

African individuals with 30 million US dollars in assets is set to more than double over the next decade, this is according to The Wealth Report 2015.

The Wealth Report 2015 compiled by Knight Frank with support from Standard Bank Wealth and Investment, said the number of ultra-high-net-worth individuals is set to surge 59 per cent over the next 10 years, stronger than the 34 per cent projected global growth.

According to the report, it will be a case of the of Mexico, Indonesia, Nigeria and Turkey (MINT) trumping Brazil, Russia, India, China and South Africa (BRICS).

Read more: High-net-worth Africans to double by 2025 – CNBC Africa.

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