Africa's millionaires: Morocco is the fastest growing with a jump of 16.8%

Written by Ziad Abdel Fattah:

The number of African millionaires, who own investable assets worth [amount], has increased. one million dollars At least, excluding their main residence, by a ratio of 4.1 %.

Morocco, the outstanding performer

Morocco stood out as the top performer on the continent, achieving a growth rate of 16.8% (%), recording the fastest growth for high-net-worth individuals on the continent.

This came according to the 2026 Global Wealth Report issued by the Capgemini Research Institute.

Capgemini said the figure reflects the expansion of the financial services sector in the Kingdom, rising property values, and the growing segment of ultra-wealthy individuals from its diversified private sector.

High precious metal prices are a major factor

She pointed to the rising prices of precious metals as a key factor in the formation of wealth for high-net-worth individuals across the African continent.

The report found that wealth among this group “remains highly concentrated,” with only 1% of them owning 34.8% of the capital.

According to the recently released global report, Global wealth The wealth owned by the world’s millionaires reached a record high of $98.3 trillion in 2025, an increase of 8.7 %.

The Capgemini Research Institute’s 2026 Global Wealth Report indicates that this was driven by strong equity markets, gains in AI-related technology stocks, and low inflation.

The number of global millionaires, high-net-worth individuals, rose by nearly two million to 25.3 million.