A new report shows the average wealth of people living in Africa, with Mauritius said to have the wealthiest individuals with US$21,700 in wealth per capita, while those in Zimbabwe are the poorest having only US$200 per person.<\/p>\n
The Africa 2016 Wealth Report, conducted by New World Wealth, revealed that there are approximately 165,000 high net worth individuals (HNWIs) living in Africa, with combined wealth holdings of US$860 billion.<\/p>\n
South Africa is some way behind the island nation on a list that is dominated by countries with smaller and possibly more manageable populations in the top five.<\/p>\n
The per capita wealth in South Africa is put at US$10,300.<\/p>\n
In 2015, the Momentum\/Unisa Household Wealth Index revealed the average net wealth of a South African to be\u00a0R114,547 – up from R103,229 in 2010.<\/p>\n
A household\u2019s net wealth was calculated by subtracting its liabilities from its assets.<\/p>\n
Top 10 wealth per capita rankings 2015<\/strong><\/p>\n Why<\/strong> Mauritius topped the list:<\/strong><\/p>\n According to New World Wealth, the island attracts a large number of wealthy individuals who can get automatic citizenship if they spend $500,000 or more on a home there.<\/p>\n Mauritius also has low taxes which encourage business formation and appeal to retirees, along with a thriving and growing financial services sector.<\/p>\n It has a low level of government regulation in the business sector , and a low crime rate.<\/p>\n According to NWW, countries including Switzerland and Australia have wealth per capita exceeding $200,000.<\/p>\n More on wealth in SA<\/strong><\/p>\n Why South Africans with money are leaving the country<\/a><\/strong><\/p>\n How rich is the average South African?<\/a><\/strong><\/p>\n\n\n
\n #<\/th>\n Country<\/th>\n $ per capita wealth<\/th>\n Population<\/th>\n<\/tr>\n \n 1<\/strong><\/td>\n Mauritius<\/td>\n $21,700<\/td>\n 1.3 million
\n<\/strong><\/td>\n<\/tr>\n\n 2<\/strong><\/td>\n South Africa<\/td>\n $10,300<\/td>\n 55 million<\/strong><\/td>\n<\/tr>\n \n 3<\/strong><\/td>\n Namibia<\/td>\n $10,200<\/td>\n 2.3 million<\/strong><\/td>\n<\/tr>\n \n 4<\/strong><\/td>\n Botswana<\/td>\n $8,400<\/td>\n 2.1 million<\/strong><\/td>\n<\/tr>\n \n 5<\/strong><\/td>\n Gabon<\/td>\n $8,100<\/td>\n 1.7 million<\/strong><\/td>\n<\/tr>\n \n 6<\/strong><\/td>\n Algeria<\/td>\n $6,200<\/td>\n 40 million<\/strong><\/td>\n<\/tr>\n \n 7<\/strong><\/td>\n Morocco<\/td>\n $5,800<\/td>\n 33 million<\/strong><\/td>\n<\/tr>\n \n 8<\/strong><\/td>\n Egypt, Arab Rep.<\/td>\n $4,400<\/td>\n 82 million<\/strong><\/td>\n<\/tr>\n \n 9<\/strong><\/td>\n Angola<\/td>\n $3,800<\/td>\n 22 million<\/strong><\/td>\n<\/tr>\n \n 10<\/strong><\/td>\n Ghana<\/td>\n $1,700<\/td>\n 26 million<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n bottom wealth per capita rankings 2015<\/strong><\/h3>\n
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\n #<\/th>\n Country<\/th>\n $ per capita wealth<\/th>\n Population<\/th>\n<\/tr>\n \n 1<\/strong><\/td>\n Zimbabwe<\/td>\n $200<\/td>\n 14 million
\n<\/strong><\/td>\n<\/tr>\n\n 2<\/strong><\/td>\n Congo, Dem. Rep.<\/td>\n $400<\/td>\n 68 million<\/strong><\/td>\n<\/tr>\n \n 3<\/strong><\/td>\n Ethiopia<\/td>\n $500<\/td>\n 94 million<\/strong><\/td>\n<\/tr>\n \n 4<\/strong><\/td>\n Mozambique<\/td>\n $800<\/td>\n 26 million<\/strong><\/td>\n<\/tr>\n \n 5<\/strong><\/td>\n Uganda<\/td>\n $900<\/td>\n 38 million<\/strong><\/td>\n<\/tr>\n \n 6<\/strong><\/td>\n Tanzania<\/td>\n $1,100<\/td>\n 50 million<\/strong><\/td>\n<\/tr>\n \n 7<\/strong><\/td>\n Zambia<\/td>\n $1,200<\/td>\n 15 million<\/strong><\/td>\n<\/tr>\n \n 8<\/strong><\/td>\n Nigeria<\/td>\n $1,400<\/td>\n 175 million<\/strong><\/td>\n<\/tr>\n \n 9<\/strong><\/td>\n Cote d’Ivoire<\/td>\n $1,700<\/td>\n 21 million<\/strong><\/td>\n<\/tr>\n \n 10<\/strong><\/td>\n Kenya<\/td>\n $1,700<\/td>\n 45 million<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n