{"id":108447,"date":"2025-08-27T16:42:39","date_gmt":"2025-08-27T16:42:39","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-dollar-millionaire-population-surges-48-2"},"modified":"2025-08-27T17:07:33","modified_gmt":"2025-08-27T17:07:33","slug":"rwandas-dollar-millionaire-population-surges-48-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-dollar-millionaire-population-surges-48-2","title":{"rendered":"Rwanda\u2019s Dollar Millionaire Population Surges 48%"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>Rwanda has been ranked 16th on the list of Africa\u2019s wealthiest countries, according to the newly released Africa Wealth Report 2025 by Henley & Partners, a wealth advisory firm.<\/p>\n

Rwanda stood out with 1,000 residents whose assets topped $1 million (approximately Rwf1.4 billion) and three centi-millionaires worth more than $100 million each.<\/p>\n

The country has no billionaires, but its millionaire population has grown by 48 per cent over the past decade, the second fastest pace among the continent\u2019s top 20 economies.<\/p>\n

Published August 26, the study projects Africa\u2019s millionaire class will expand by 65 per cent over the next decade.<\/p>\n

For context, the continent today counts 25 billionaires, 348 people worth more than $100 million \u2014 known as \u201ccenti-millionaires\u201d \u2014 and about 122,500 millionaires.<\/p>\n

That marks a shift from the late 20th century, when Africa had only a handful of billionaires and many economies were stuck in decline.<\/p>\n

Together New World Wealth, Henley & Partners\u2019 findings suggest that private wealth in Africa is climbing even as the world economy faces uncertainty, supported by steady growth across the region.<\/p>\n

In East Africa, Kenya leads with 6,800 millionaires and 16 centi-millionaires, ranking fifth overall in Africa. Tanzania sits 12th with 2,100 millionaires, five centi-millionaires and one billionaire. Uganda follows in 15th place with 1,600 millionaires and five centi-millionaires.<\/p>\n

South Africa leads<\/p>\n

South Africa remains Africa\u2019s heavyweight, accounting for more than a third of the continent\u2019s millionaires. With 41,100 residents holding wealth above $1 million, it ranks first among Africa\u2019s \u201cBig Five\u201d wealth markets \u2014 a grouping that also includes Egypt (14,800 millionaires), Morocco (7,500), Nigeria (7,200) and Kenya (6,800).<\/p>\n

Together, those five countries are home to nearly two-thirds of Africa\u2019s millionaires and almost nine in ten of its billionaires.<\/p>\n

Mauritius, ranked sixth, has posted the strongest high-net-worth growth in Africa over the past decade, rising 63 percent. Analysts credit its political stability, favorable tax regime and a thriving residency-by-investment program.<\/p>\n

Rwanda (+48 per cent) and Morocco (+40 percent) also notched strong gains. By contrast, Nigeria\u2019s millionaire class shrank by nearly half, while Angola and Algeria also saw steep declines.<\/p>\n

Looking ahead, sub-Saharan Africa\u2019s economy is forecast to grow 3.7 percent in 2025, outpacing Europe at 0.7 percent and the U.S. at 1.4 percent. Growth in 2026 is expected to accelerate to 4.1 percent.<\/p>\n

The report includes commentary from author and analyst Justice Malala, who argues Africa\u2019s economic resilience sits uneasily beside political fragility.<\/p>\n

\u201cIf African leadership can harness the momentum of economic growth while tackling political dysfunction with equal resolve,\u201d he writes, \u201cthe continent may yet turn this moment of paradox into one of transformation,\u201d he said in the report.<\/p>\n

Andrew Amoils, head of research at New World Wealth, points to lifestyle destinations such as South Africa\u2019s Whale Coast and Cape Winelands and Morocco\u2019s Marrakech as future hotspots for wealthy investors.<\/p>\n

He predicts growth industries will include fintech, eco-tourism, software, green technology, e-commerce, rare metals mining, healthcare, biotech, media and wealth management.<\/p>\n

Among individual wealth hubs, Mauritius\u2019s Black River district leads with 105 percent millionaire growth in the past decade, followed by Marrakech (+67 percent) and the Whale Coast (+50 percent).<\/p>\n

The Cape Winelands (+42 percent) and Cape Town (+33 percent) round out the top five, boosted by tourism, education and lifestyle appeal.<\/p>\n

For More News And Analysis About Rwanda<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. Rwanda has been ranked 16th on the list of Africa\u2019s wealthiest countries, according to the newly released Africa Wealth Report 2025 by Henley & Partners, a wealth advisory firm. Rwanda stood out with 1,000 residents whose assets topped $1 million (approximately Rwf1.4 billion) and three centi-millionaires worth more than $100 million each. […]<\/p>\n","protected":false},"author":84,"featured_media":108445,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,30],"tags":[7848,7849,106,7850,758],"class_list":["post-108447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-africa-billionaires","tag-africa-wealth-report-2025","tag-economy","tag-millionaires","tag-rwanda"],"yoast_head":"\nRwanda\u2019s Dollar Millionaire Population Surges 48% - Rwanda<\/title>\n<meta name=\"description\" content=\"Rwanda has been ranked 16th on the list of Africa\u2019s wealthiest countries, according to the newly released Africa Wealth ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-dollar-millionaire-population-surges-48-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rwanda\u2019s Dollar Millionaire Population Surges 48%\" \/>\n<meta property=\"og:description\" content=\"Rwanda has been ranked 16th on the list of Africa\u2019s wealthiest countries, according to the newly released Africa Wealth ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-dollar-millionaire-population-surges-48-2\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-27T16:42:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-27T17:07:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2025\/08\/sm_1756301780.881993.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-dollar-millionaire-population-surges-48-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-dollar-millionaire-population-surges-48-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rwanda\u2019s Dollar Millionaire Population Surges 48%\",\"datePublished\":\"2025-08-27T16:42:39+00:00\",\"dateModified\":\"2025-08-27T17:07:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-dollar-millionaire-population-surges-48-2\"},\"wordCount\":534,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-dollar-millionaire-population-surges-48-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2025\/08\/sm_1756301780.881993.jpg\",\"keywords\":[\"AFRICA BILLIONAIRES\",\"AFRICA WEALTH REPORT 2025\",\"Economy\",\"millionaires\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-dollar-millionaire-population-surges-48-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-dollar-millionaire-population-surges-48-2\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/rwandas-dollar-millionaire-population-surges-48-2\",\"name\":\"Rwanda\u2019s Dollar Millionaire Population Surges 48% - 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