Number of millionaires in Angola up 68% from 2007 to 2013

12 December 2013

The number of millionaires in Angola rose by 68 percent from 2007 to 2013 and now totals 6,400, indicate figures from the New World Wealth consultancy cited by Lusa news agency.

From 2007 to September 2013 the number of Angolan citizens whose net worth was more than US$1 million in assets, excluding the value of the official residence, increased from 3,800 to 6,400. This percentage variation was only topped by Ethiopia, where the number of millionaires more than doubled in the six-year period, from 1,300 to 2,700.

While Angola ranks second on the percentage growth curve for the number of millionaires, in absolute terms it occupies sixth place, after South Africa (48,700 millionaires), Egypt (22,800), Nigeria (15,700), Kenya (8,300) and Tunisia (6,400).

New World Wealth forecasts that in 2030 Angola will place fifth on the list of millionaires in Africa, rising 144 percent to 15,600 and overtaking Tunisia.

The richest man in Africa, Aliko Dangote, is Nigerian. According to the Bloomberg financial agency he holds assets worth US$22 billion. (macauhub)