Aliko Dangote Aliko Dangote is the richest black billionaire, with a net worth of $14 billion (11.5 in 2021). Jacob Gedleyihlekisa Zuma is the former president of South Africa and a successful businessman. The cheapest vehicles in the country offer comfort and convenience without emptying your bank account. All three of the current generation of the Mansour brothers Mohamed, Youssef and Yasseen are billionaires in their own right on this years Forbes list. He is an advisor to Fortune 500 companies and many blue-chip corporates across the globe. A large free media which helps disseminate reliable information to investors. And because of that, you're going to get better and better at it. Johannesburg also has 16,000 High Net Worth Individuals or HNWIs living there. Address: Regus Business Centre 1st Floor, Block B, North Park, Black River Park, 2 Fir Street, Observatory, Cape Town, 7925, South Africa Postal: Blue Sky Publications (Pty) Ltd T/A TheSouthAfrican, PO Box 44354, Claremont, 7735, South Africa, United Kingdom Blue Sky Publications Ltd Company Registration Number: 04683692. Please create an employee account to be able to mark statistics as favorites. The table below ranks South African areas by total wealth. You have to take risks. The document isproduced by New World Wealth. Currently, you are using a shared account. The top 5% of African Americans have 20 times more wealth. North Africa also features strongly in the rankings, with Egypt, Libya, Tunisia, Morocco and Algeria all in the top 10. Hlubi Nkosi's net worth is not known in the public domain. He owns multiple assets in different parts of the world, including Dubai and Nkandla. Khanyisile Mbau, alias Khanyi Mbau, is one of the self-made millionaires in South Africa. UK-based New World Wealth recently released a report that ranks African countries according to their number of millionaires. South Africas fashion billionaires are not limited to octogenarians and brick-and-mortar scions. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. As a Premium user you get access to the detailed source references and background information about this statistic. The Sunday Times puts his net worth at 859 million ($1.1 million). But in 1964, Egypts nationalisation of major industries, including cotton, forced the oldest Mansour, Loufty, to flee to Switzerland where he set up a cotton brokerage and instead connected Sudanese cotton traders with international buyers. As a result, they work hard to achieve millionaire status. This equates to 31% of the country's total HNWI. Here are the habits of millionaires. He is the fifth democratically elected president of the Republic of South Africa. Solid Ground: How I Built a 7-Figure Company at 22 with Zero Capital. Many African millionaires have also bought second residences in South Africa, which they use for business and holiday purpose, New World Wealth said. The average millionaire is 57 years old. Like their wealthier counterparts, fashion has played a role in the fortunes of many and some started from humble beginnings. By using this site you agree with our privacy and cookie policy. South African company registration: 1986/016729/23. When you break down the numbers, the inequities are even more depressing. But once I moved over to coaching, it was something I felt passionate about and it was easy to get to seven figures. And since knowledge can help others, I don't think sharing your story is bragging at all. (July 2019) The Richest Africans is an annual ranking of the richest African people, compiled and published by the American business magazine Forbes. Her fleet features a Mercedes-Benz G-Class, Lamborghini Urus, Lamborghini Huracan, Porsche Carrera GTS, and Mercedes-Benz AMG. Out of the 2,755 billionaires in the world, only 15 are black. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Note that total wealth refers to the private wealth held by all the individuals living in each area. Knowing our history matters, but we can also consider how to grow beyond our original circumstances. I was able to grow my first business because I was able to clearly define solutions for the problems my clients were having. We're on group chats; we email each other. Even so, he thinks cars are a waste of money. Did you know most millionaires are not born into wealth? African Millionaires in America July 14, 2022 2:56 PM Arzouma Kompaore 0:00 43:33 Download The American dream is the main reason why, for centuries the United States of America has been the. I wanted to have money to be able to solve health problems because I had seen members of my family die young from things that are curable. His company provides health insurance for at least 200,000 companies and about two million people. The staggeringly low number of American billionaires that identify as being of African. Get the latest tips you need to manage your money delivered to you biweekly. Take Patrice Motsepe, a South African mining magnate worth $2.2 billion who was the first black African to join the Forbes billionaires list over a decade ago. Henley & Partners. His net worth is $36.4 million. There are thousands of South African millionaires in 2023. Now, for ordinary folk, those sums might make your eyes water, but its nothing compared to the countrys billionaires. Due to his position, President Ramaphosa is chauffeured in a presidential motorcade. Net worth: $2.3 million. Plus, having a net worth of more than $1 million doesn't mean you're immune to stress or other concerns. Forbess most recent estimation of billionaires from the continent caps the number at 20, but the continents list of high net worth individuals (HNWIs) is much larger. And looking at your work experience and seeing: How does that match a problem in the marketplace that you could solve? The latest African Wealth Report for 2022 that was published this week revealed that Johannesburg is in the lead with a whopping 840 multi-millionaires, 34 centi-millionaires, and two billionaires living there. Cyril Ramaphosa is one of the leading Black South African millionaires in 2023. It has all sorts of interesting info including how many millionaires there are in the country (by income). Experts say that luxury is a challenging sector for Africans to build a fortune. Elon Musk, the founder of Tesla and SpaceX, comes in second with $139.9 billion. Learn to earn: Which SA universities have produced the most millionaires? How many millionaires are there in Namibia? He is among the few known South African forex millionaires. You just have to do the basics, in the right way, consistently. Let's take a closer look at some of the statistics about millionaires by country and background. Centimillionaires are individuals with wealth of 100 million U.S. dollars and more. The list has been published since 2015. The report shows that the number of HNWIs in South Africa now stands at 31,852 people in 2021 - an increase of 14% compared to 2020 (28,043). The figure has continued to grow since 2016 (26,649 . There's a certain level of discipline required. Third place goes to Durban and Umhlanga with 3,700 high-net-worth individuals, 30 multi-millionaires and 11 centi-millionaires living on the south coast. A car has become a necessity rather than a luxury in contemporary South Africa. Using comment sections to post about or comment on closed threads will result in that section being closed to further posts. Terms apply to offers listed on this page. As a Premium user you get access to background information and details about the release of this statistic. The company started out as Mansour and Sons Cotton in 1952 and quickly became the second-largest cotton exporter in the world. While he owns multiple vehicles and properties, there is no information about them in the public domain. In the 1800s, Pleasant became one of the first African-American female self-made millionaires in the U.S. despite the significant obstacles she faced as black woman. The latest African Wealth Report for 2022 that was published this week revealed that Johannesburg is in the lead with a whopping 840 multi-millionaires, 34 centi-millionaires, and two billionaires . Its Pep stores sell 55 percent of all school wear in South Africa, and distribute fashion merchandise to over 2200 stores including outlets in other African markets like Angola, Malawi, Mozambique, Uganda and Zambia. Here is the top 25 list, 11 best South African dating apps 2022: Get the list here, The untold story of Emma Sugiyama, Trey Parker's ex-wife, Pretoria hun shows Mzansi how to wiggle the booty in viral TikTok dance, netizens hyper her up some more, Asian man tries mogodu for the first time, says boiling it was stinky, Mzansi not feeling "boujee" recipe, De Lille reveals ANC ministers and deputies live in lavish Pretoria and Cape Town houses worth R1bn, SA awed, Cabinet reshuffle postponed due to President Cyril Ramaphosa's illness: "He's exhausted and can't talk", Top 20 cheapest cars in South Africa: most affordable cars in 2023. The United States has the greatest number of millionaires 18.6 million, or 40% of the world total, according to the 2019 Global Wealth Report by Credit . Indeed, from Ato Ketema Kebedes riches built on acrylic yarn in Ethiopia to Yerim Sows Senegalese shopping mall that is home to brands like Adidas andHugo Boss, fashion has been an important way for more moderately wealthy Africans to find success outside the billionaires league. Mike Teke is the Chairperson and controlling shareholder of the Masimong Group, an investment firm with interests in mining, agriculture, and financial services. Today the billionaires reach goes as far as Takealot, one of the countrys largest e-commerce marketplaces selling clothing and other merchandise. UK-based New World Wealth recently released a report that ranks African countries according to their number of millionaires. Here's a list of the richest black billionaires in the country. Dangote Group founder Aliko Dangote has topped the 2018 list. She may have been born a slave, but by the 1820s, she was. Becoming wealthy is attainable for anyone. The company has interests in IT, petroleum, and telecommunications. Access to this and all other statistics on 80,000 topics from, Show sources information He is a rapper, entrepreneur, songwriter, record producer, and part-time boxer. Attacks on BusinessTech, its journalists or other users will result in a ban. Available: https://www.statista.com/statistics/1182842/number-of-high-net-worth-individuals-in-africa-by-country/, Number of high net worth individuals (HNWIs) in Africa as of 2021, by country, Available to download in PNG, PDF, XLS format, HNWI population worldwide 2010-2021, by region, Assets of HNWIs worldwide 2010-2021, by region, Number of millionaires in China 2015-2021, Annual growth rate of millionaires in China 2011-2021, Number of super rich people in China 2012-2021, Number of super rich people in Greater China in 2021, by city, Number of HNWI in China 2020, by wealth group, Distribution of super rich individuals in Greater China as of 2021, by nature, Luxury goods market revenue in China 2014-2027, Share of Chinese luxury consumption abroad and in China 2015-2021, Main reasons for purchasing luxury goods in China 2020, by age group, Leading luxury goods categories bought by Chinese luxury shoppers 2021, by age, Most popular alcoholic beverages among Chinese millionaires 2021, Most popular tea types among Chinese millionaires 2021, Most popular collector's items among Chinese high-net-worth individuals 2021, Share of Chinese millionaires who would buy used luxury goods 2021, Preferred leisure activities among Chinese millionaires 2021, China: luxury tourism revenue 2019-2024, by market, Most popular international travel destinations of Chinese millionaires 2019-2021, Most popular domestic travel destinations of Chinese millionaires 2019-2021, Most popular travel themes among Chinese millionaires 2021, Preferred gifts for men by Chinese millionaires 2021, Preferred gifts for women by Chinese millionaires 2021, Major charity donators in China 2021-2022, by donation, Chinese millionaires' leading donation purposes 2011-2021, Origins of leading philanthropists in China 2022, Distribution of investable assets of UHNWIs in the U.S. 2014, Number of billionaires South Korea 2014-2024, Number of high net worth individuals in Japan 2021, by wealth range, Prosperity measurements for regions of the United Kingdom (UK) 2017, Non-financial wealth as a percentage of gross wealth in Asia Pacific 2019, by country, Wealth of adult population in Europe H1 2019, by country, Wealth of adult population in Ireland 2010-2019, Total wealth of the adult population in Japan 2000-2021, Number of millionaires South Korea 2010-2021, Wealth of adult population in Czechia 2010-2019, Wealth of adult population in Switzerland 2010-2019, Foreign direct investment (FDI) from China, Find your information in our database containing over 20,000 reports, total number of millionaires on the continent, individuals with minimum net assets of one million U.S. dollars. In July 2015, data from Stats SA put South Africas population at just over 54 million. Many people recognise Vusi Thembekwayo as a venture capitalist, best-selling author, elite coach, mentor, and keynote speaker. List of countries by the number of billionaires, "Africa's Billionaires: Top 25 Richest People In Africa, 2018", "African Billionaire Fortunes Rise On Forbes 2018 List Of Continent's Richest", "The Forbes Billionaires' List: Africa's Richest People 2021", "The Forbes Billionaires List: Africa's Billionaires 2019", List of presidents of the United States by net worth, https://en.wikipedia.org/w/index.php?title=List_of_Africans_by_net_worth&oldid=1138605405, Short description is different from Wikidata, All Wikipedia articles written in American English, Wikipedia articles in need of updating from July 2019, All Wikipedia articles in need of updating, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 10 February 2023, at 15:39. He is also the chief executive officer of Seriti. In fact, about 80% of US millionaires worked for their money, with only 20% of millionaires inheriting their fortunes. "Number of Millionaires and Billionaires in Africa as 2021, by Wealth Tier. to incorporate the statistic into your presentation at any time. Most of them have invested in various businesses. If you are going to become a millionaire you have to take risks. The actress has a line of gin called I Am Khanyi. Mthetheleli Ngumbela's net worth remains undisclosed in the public domain. Practical tips for doing that are: Doing an audit of your skills and talents. Adrian Gore is among the top 10 richest men in South Africa in 2023. [1] In 2018, there was a record of 23 African billionaires on the list. The African fashion ecosystem favours business people [who already have] money [so they often get] the main [brand] franchises and dabble in fashion. Critics contend that, instead, it is proof of the continents pervasive wealth inequality and the growing chasm between extreme wealth and extreme poverty. But what the listing fails to mention is Azizs wife,Salwa Idrissi Akhannouch, CEO and founder of the Aksal Group, a luxury fashion company based in Casablanca, who is one of the wealthiest women in North Africa. Number of high net worth individuals (HNWIs) in Africa as of 2021, by country [Graph]. He is the director of this company and has been engaging in stock trading for years. Briefly.co.za recently published a list of the cheapest cars in South Africa in 2023. So how can we build wealth in our current environment? Copyright Blue Sky Publications Ltd. All Rights Reserved. Use Ask Statista Research Service. She neednt worry though Forbes estimates she is still worth 2.2 billion making her the richest woman in Africa. But in the fashion industry, it is his wife, Precious Moloi-Motsepe, whose name people recognise instantly. In spite of the continents well-documented challenges and emerging market status, the luxury sector is already paying dividends for some most notably the European brands sold there but also for an elite group of local distributors and retailers. cash reserves of six months of living expenses, A toxic mix of redlining and discrimination means homes in Black neighborhoods are chronically undervalued to the tune of $156 billion. VOAs Arzouma Kompaore gives us a closer look at these African immigrants who are transforming their lives in America. Exclusive shopping centers (examples: Sandton City, Gateway, Montecasino, V&A, Hyde Park and Cavendish). Get the news that matters from one of the leading news sites in South Africa, Smart woman bags honours degree in Biochemistry, has huge plans for the future, "How tall are you? My parents died at a very young age, and unlike many, I did not inherit anything. According to New World Wealth, the African city with the greatest number of millionaires is South Africas economic hub Johannesburg with 23,400 millionaires, followed by the Egyptian capital Cairo with 12,300 and Lagos in Nigeria with 9,800. Address: Riverbank House, 1 Putney Bridge Approach, London, SW6 4TJ. But we don't always discuss money openly in America. You need a Statista Account for unlimited access. "Number of millionaires and billionaires in Africa as 2021, by wealth tier." She is a renowned media and television personality, actress, artist, and entrepreneur. Here's a list of the handful of African . Address: Riverbank House, 1 Putney Bridge Approach, London, SW6 4TJ. Published by Jaco Maritz on 19 August 2013. According to the 2021 Forbes ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of $11.5 billion and was the world's richest black man. His venture has over 870 retail stores across Africa, Zimbabwe and Australia. Address: Regus Business Centre 1st Floor, Block B, North Park, Black River Park, 2 Fir Street, Observatory, Cape Town, 7925, South Africa . Take Patrice Motsepe, a South African mining magnate worth $2.2 billion who was the first black African to join the Forbes billionaires list over a decade ago. previously disadvantaged groups include Black Africans, Coloreds, Indians and Chinese Asians (i.e. The actress has a line of gin called I Am Khanyi. She has also invested in real estate and runs 2k Business Centres in Sandton. Who is the richest woman today? From there, I focused on growing my money: I started to invest and take the company contribution [for retirement]. And for some of those who eventually settle in the country, the dream can become a reality VOAs Arzouma Kompaore gives us a closer look at these African immigrants who are transforming their lives in America. Once I had those people, that was enough to start to see some momentum. About 14% of the U.S. population is Black or African American. There are 15 black billionaires in the world and we just highlighted the top 10. Please do not hesitate to contact me. South Africa Blue Sky Publications (Pty) Ltd T/A TheSouthAfrican Number: 2005/028472/07. Statista. [4], The 2020 billionaires' list was released by Forbes on 14 January 2020. He was born in 1993 and is the founder and CEO of Global Forex Institute. The biggest chunk of those millionaires are in the R1 million -R2 million range. Check your inbox to be the first to know the hottest news. Around US$306 billion of this is held by HNWIs. In Egypt, the family-owned Mansour Group is one of the countrys largest revenue generators. One of the brands Pepkor acquired in 1984 was Ackermans, a name that is deeply entrenched in South Africas retail history. After completing her studies, she started a construction company called Zikhulise Group. Gentrification doesn't have to force minority residents out of their homes. Governement funds were excluded. Some politicians have been the biggest profiteers of the continents resources or have used their power to stop others from accruing wealth. Still, I think it's important to highlight the Black people who have found success in America over the years. Please create an employee account to be able to mark statistics as favorites. Every year, the South African Revenue Service (SARS) publishes data on the tax revenue it collects. Read our editorial standards. anyone that was restricted from voting prior to 1994). Did you know South Africa has the highest number of millionaires compared to other African nations? There are teachers with more wealth than doctors and lawyers. He is the founder of Shanduka Group, an investment firm with interests in multiple industries. Khanyisile Mbau, alias Khanyi Mbau, is one of the self-made millionaires in South Africa. I devoured books, articles, and interviews to discover what the financial rockstars were doing that I was not. South Africa is the wealthiest country in Africa with almost twice as many millionaires as any other African country, NWW stats show. The country has a favourable business environment and a relatively stable economy. He owns multiple properties, cars, and other assets in the country. And according to several independent sources, that number is set to rise significantly over the next decade. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Phuthuma Nhleko is a civil engineer by profession. Please help update this article to reflect recent events or newly available information. Interestingly, Angola ranks fifth with 6,400 millionaires. A paid subscription is required for full access. You've heard the saying: "Scared money doesn't make money." The venture capitalist's car collection features a BMW X6M, Porsche Boxter, Porsche Cayenne GTS, Aston Martin, and BMW M4. Richest Black Billionaires in the World 2022 1. In, Henley & Partners. and has collaborated with Nigerian brands like Orange Culture. Here is how many. The 2019 Africa Wealth report estimates that there are 140,000 HNWIs (US dollar millionaires) in Africa. His advanced age has made him step aside from the business. One of the biggest factors determining the type of car one purchases is the budget. [Online]. It noted that previously disadvantaged groups include Black Africans, Coloreds, Indians and Chinese Asians (i.e. New World Wealth defines a millionaire as someone with net assets of US$1m or more, excluding their primary residences. However, Black females typically report average revenues that are less than their White, Latina, and Asian American counterparts. Our offices are for administrative purposes only, no visitors will be accepted without an appointment. The amount was accumulated by over 140,000 individuals, among millionaires, centimillionaires, multiminillionaires . Wealth inequality in the United States. Although the country is a major oil producer, it has a relatively small population of about 20 million. Earlier this year, Entrepreneur Magazine identified the richest people in the country all with a net worth of over R4.7 billion. It also includes data for the last ten years for all income brackets. Do you know how many millionaires, billionaires, or even centi-millionaires live in your neighbourhood? Many or all of the offers on this site are from companies from which Insider receives compensation (for a full list. Now that community has 65,000 people. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. out of the 607 Americans featured on the list, just four were black. South Africa was home to the highest number of millionaires in Africa as of 2021. His fleet of vehicles includes two Land Rover Discoveries, four Range Rovers, two Audi Q7s, and three Audi A6s. Only includes countries with over 800 millionaires in 2012. 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He is the founder of Discovery Holdings, a leading insurance firm in the country. The groups reach across the continent is impressive. Because then you're going to do work that you love to do. Racism has cost Black Americans $70 trillion since the start of slavery here's how that cost breaks down, For Black Americans, degrees aren't about catching up they're a matter of survival. A new report finds that there were 14,700 South African high-net-worth individuals (HNWIs) from previously disadvantaged groups at the end of 2014. In addition to the continents billionaires, there are over 300 centi-millionaires living in Africa, each with net assets of $100 million or more, according to the most recent Africa Wealth Report. That is not to say however, that Africa lacks wealthy people. "Number of high net worth individuals (HNWIs) in Africa as of 2021, by country." Africa's wealthiest people shed a combined $3.1 billion in the past 12 months, following a global decline for markets in 2022. It truly is not about how much money you make, but what you do with your money. I started to budget. You need a Statista Account for unlimited access. Chart. Mo Ibrahim According to the Sunday Times Rich List, Sudanese-born Mo Ibrahim is the richest Black man in Britain. How much of a Momentum Proteas Womens cricket fan are you? Comments will be closed 24 hours after the article is published. Read more "Inside the racial wealth gap" stories. Heres how many SA millionaires and billionaires live in YOUR area Photo: Stock/Canva, Have you ever wondered how many millionaires, centi-millionaires or billionaires live in your neighbourhood? He recently launched a tequila beverage called Billiato and signed a Root of Fame sneaker deal with Drip Footwear. While Mntambo owns many assets, he has not disclosed what he owns to the public. Others were born into wealthy families and have invested in industries that pay well. Since assuming government positions, he stepped back from his business pursuits to avoid conflict of interest. How we made it in Africa is published by Maritz Publishing CC. The rapper's fleet of luxury vehicles includes a McLaren GT, Bentley Continental GT V8, and a Rolls Royce. Multimillionaires are individuals with wealth of 10 million U.S. dollars and more. If you are an admin, please authenticate by logging in again. People jump to the "advanced" because they think it will fast-track them. The issue of racial inequality in . The richest man in South Africa is Johann Rupert. Last year, Forbes estimated Wieses net worth at $1.1 billion and this year he announced his retirement from the Shoprite supermarket chain which he led. Register in seconds and access exclusive features. Take Tanzanias GSM Group, whose current president Ghalib Said Mohamed oversees a portfolio of glittering shopping malls, but which began with Mohameds ancestor hawking clothes on the streets of the port city of Tanga. In recent decades, the median net worth for white households has "far exceeded" that for Black households, according to the Brookings Institution, and the gap is only growing. He sits on the board of the firm with other family members. The advisory firm said that racial wealth breakdowns are an important issue in South Africa many feel that the speed of wealth transfer to previously disadvantaged groups has been too slow. There are 3,300 US$-millionaires in Namibia, 1,400 of which live in the capital Windhoek. In the second place, we have Cape Town with 6,900 high-net-worth individuals, 420 multi-millionaires, 25 centi-millionaires, and one billionaire living there. The statistic shows the distribution of U.S. millionaires in 2013, by race and ethnicity.