adsSouth Africa is set to consolidate its position as Africa’s wealth capital over the next five years, with the country’s billionaire population projected to expand by 40 percent despite persistent economic headwinds and investor concerns over infrastructure and power supply.
According to the latest Wealth Report published by global property consultancy Knight Frank, South Africa’s number of billionaires is expected to rise from 10 in 2026 to 14 by 2031, underscoring the country’s enduring dominance in Africa’s private wealth landscape.
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The report also projects sustained growth in the country’s ultra high net worth individual population, defined as people with assets exceeding $30 million.
Knight Frank estimates that South Africa’s UHNWI population will rise from 1,347 individuals in 2026 to 1,564 by 2031, extending a longer term upward trend in private wealth accumulation.adsads
