The number of ultra-high net worth individuals – those with at least $30m in assets – in Africa will increase by a staggering 59% over the next 10 years, stronger than the 34% projected global growth.
Andrew Shirley, Editor of The Wealth Report says "The 2015 edition of The Wealth Report, launched today, 17 March, in South Africa by Knight Frank and Standard Bank Wealth and Investment, highlights the increasing influence of global and African wealth flows on prime property and investment markets".
According to The Wealth Report 2015, compiled by Knight Frank with support from Standard Bank Wealth and Investment, previously Standard Bank Private Clients, it will be a case of the MINT of Mexico, Indonesia,
Nigeria and Turkey trumping the BRICS of Brazil, Russia, India, China and South Africa.
Read more: Number of ultra-high-net-worth individuals in Africa to increase.
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