DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/r9fz7c/the_africa_2014) has announced the addition of the "The Africa 2014 Wealth Report" report to their offering.
Africa is the fastest growing HNWI market in the world. This report provides a comprehensive review of the wealth sector in Africa, including HNWI trends and wealth management trends in each country.
Scope
- African countries ranked by HNWIs.
- Fastest growing African countries for HNWIs between 2000 and 2013, aswell as from 2007 to 2013.
- African countries ranked by wealth per capita.
- Fastest growing African countries in terms of wealth per capita growth between 2000 and 2013.
- City and suburb HNWI demographics for selected African countries, including South Africa, Nigeria, Angola, Kenya, Ghana and Zambia.
- Review of African wealth management sector, including major players and AuM figures.
- Comparison of economic and wealth growth in each African country.
Key Highlights
- The average African individual has net assets of US$2,200 (wealth per capita), which is well below the worldwide average of US$27,600.
- There are approximately 165,000 HNWIs living in Africa, with combined wealth holdings of US$660 billion. This equates to roughly 28% of total individual wealth held on the continent ($2.4 trillion).
- African HNWI numbers have increased by more than 150% during the past 13 years (2000-2013) compared to the worldwide HNWI growth rate of 73% over the same period.
- Angola was the top performing country for HNWIs between 2000 and 2013, with growth of over 480% during this period.
- South Africans are the wealthiest individuals in Africa with US$11,310 in wealth per person, whilst Ethiopians are the poorest with US$260 per person.
- Investec is the largest private bank by African AuM, followed by RMB. Both are based in South Africa.
Companies Mentioned
- ABSA Wealth (Barclays)
- Credit Suisse
- Investec
- Momentum Group
- Nedbank*
- Old Mutual Wealth
- PSG Konsult
- RMB (FNB)
- Sanlam
- Standard Bank Pvt Clients
- Standard Chartered
- UBS
For more information visit http://www.researchandmarkets.com/research/r9fz7c/the_africa_2014
