Morocco is one of the richest countries in Africa in terms of individual wealth. This is according to the new report “African Wealth” by the British firm Henley & Partners, which investigated the state of private wealth in the black continent. The report ranks the Kingdom in fourth place among African countries with the most millionaires and billionaires. Our country, along with South Africa, Egypt, Nigeria and Kenya concentrate, between them, 2,100 billion dollars in terms of private wealth, or 50% of the fortunes of Africa. These will tend to increase in the coming years. The report estimates that they will increase by 38% in the next ten years. Currently, 136,000 African personalities have been able to amass a fortune estimated at $1 million or more, the same source said.
In Morocco, the total wealth of wealthy people is estimated at 125 billion dollars, just after Nigeria and ahead of Kenya. Casablanca tops the list of the Kingdom’s richest cities, home to 135 millionaires and billionaires with a total wealth of $43 billion. On an African scale, the economic capital is in eighth place behind Johannesburg, Cape Town, Cairo, Nairobi and Pretoria. At the national level, the metropolis is well ahead of Marrakech and Tangier, which have 36 and 33 millionaires and billionaires respectively.
In terms of capital per capita, Morocco is in fifth place with $3,380. The last decade has been marked by a strong growth of private wealth in Morocco, which has increased by 18% while those of the black continent have decreased by 7%.
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