The number of ultra-high net worth individuals – those with at least $30 million in assets – in Africa will increase by a staggering 59% over the next 10 years, stronger than the 34% projected global growth.



Andrew Shirley, “The 2015 edition of The Wealth Report, launched in South Africa by Knight Frank and Standard Bank Wealth and Investment, highlights the increasing influence of global and African wealth flows on prime property and investment markets”.

According to The Wealth Report 2015, compiled by Knight Frank with support from Standard Bank Wealth and Investment, previously Standard Bank Private Clients, it will be a case of the MINT of Mexico, Indonesia, Nigeria and Turkey trumping the BRICS of Brazil, Russia, India, China and South Africa. The average expected uplift for Mint countries is 76% over the next decade, which narrowly defeats the 72% for BRICS nations, according to research which includes the Global Cities and Global Attitudes annual surveys…


Read full article via source: http://www.eprop.co.za/commercial-property-news/item/18560-africans-to-surge-up-the-ranks-of-ultra-high-net-worth-individuals-over-the-next-decade.html

Image source: http://blog.knightfrank.ie/category/property-dublin/property-south-dublin/