How Africa's super-rich spend their millions (Video)

Bimpe Nkontchou, Managing Principal, W8 Advisory, speaks about how Africa’s ultra-rich spend their wealth.
They are 163,000.

That’s roughly the number of millionaires living in Africa — and the figure is rising rapidly.

Most of them are based in Johannesburg, according to the latest AfrAsia Bank New World Wealth Report, which found that the South African city tops the list of millionaire hotspots with 23,400 individuals holding net assets worth at least $1 million.

Cairo follows in second with 10,200, whilst the Nigerian megacity of Lagos has 9,100.

Meanwhile, Accra is expected to see a 78% rise in millionaires by 2025 — the highest increase anywhere in Africa.

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