Africa recorded the fastest growth in ultra-high-net-worth individuals anywhere in the world in 2025, as rising demand for critical minerals, expanding digital economies and increasing global investment helped create new fortunes across the continent.
The number of people in Africa with a net worth exceeding $30 million rose by 23.7% to 3,440 individuals in 2025, according to Altrata’s World Ultra Wealth Report 2026.
The increase outpaced every other region globally, including Asia, where the ultra-wealthy population grew by 15.8%, North America at 15%, and Europe at 15%.
The performance marks a notable shift in global wealth creation at a time when investors are increasingly looking beyond traditional wealth centres in North America, Europe and parts of Asia for new opportunities tied to technology, energy transition and strategic resources.
According to the report, Africa’s wealth gains were supported by lower financing costs, stronger currencies against the U.S. dollar, accelerating digital transformation and growing investment linked to the continent’s vast reserves of critical minerals.
