Africa's Millionaire Wealth Surge | Morocco News

Morocco News Today | 2 Min News | The Daily News Now! · Sep 4, 2026 · 1m

Africa’s millionaire class is exploding—with South Africa leading the pack at over 48,000 ultra-high-net-worth individuals, and the continent boasting more than 127,000 millionaires worth a combined $3 trillion. Morocco’s wealth surge is staggering, up 55% in a decade—way outpacing Africa’s 6% average—and Casablanca remains the crown jewel with nearly 3,000 millionaires. Marrakech’s growth is equally eye-popping, surging 82% in ten years. Meanwhile, Egypt and Nigeria saw drops—not because wealth vanished, but because currency devaluation made their millionaires look poorer in dollar terms…