Afrasia Bank and New World Wealth have just published the 2019 Africa Wealth Report, which includes North Africa and African island states in the Atlantic and Indian Oceans. The report identifies Mauritius as having the highest per capita wealth, at $31,000, with South Africa second, at $11,500. In general, Africa is a continent of extreme inequality, which reduces the utility of average per capita wealth calculations. South Africa, despite its wealth, is ranked as the most unequal country in the world. About 42 percent of total wealth in Africa is held by 140,000 high net-worth individuals, defined as those with assets of at least $1 million.

Source: The North Africa Journal October 10, 2019 13:41 UTC