South Africa, Egypt and Morocco rank among the countries with the most ultra-rich individuals globally in 2026

South Africa, Egypt and Morocco rank among the world’s leading hubs for ultra-high-net-worth individuals (UHNWIs) in Knight Frank’s The Wealth Report 2026,

South Africa, Egypt and Morocco rank among the world’s leading hubs for ultra-high-net-worth individuals (UHNWIs) in Knight Frank’s The Wealth Report 2026, stressing their status as the continent's primary centres of private wealth.

The report defines ultra-high-net-worth individuals as those with at least $30 million in net assets, excluding their primary residence. While this group represents only a tiny fraction of the global population, it controls a significant share of the world's wealth and plays a major role in investment, entrepreneurship and capital allocation.

South Africa leads Africa

South Africa ranks 37th globally, with 1,347 UHNWIs in 2026, making it Africa's wealthiest country by this measure. Knight Frank projects that the country's ultra-rich population will grow to 1,564 by 2031, reflecting continued wealth creation despite economic headwinds.