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A report published by the Capgemini Research Institute has revealed that global wealth held by millionaires reached a record $98.3 trillion in 2025, representing an 8.7 per cent increase.
The report, titled the World Wealth Report, attributed the growth to strong equity markets, gains in AI-linked technology stocks, and easing inflation.
It found that the global population of high-net-worth individuals rose by nearly 2 million to 25.3 million. In Africa, the number of individuals with at least $1 million in investable assets, excluding primary residences, grew by 4.1 per cent.
Credit: Lombard.
The report identified Morocco as the standout performer, recording a 16.8 per cent increase and the fastest growth in high-net-worth individuals on the continent.
Capgemini said this growth reflects Morocco’s expanding financial services sector, rising real estate values, and an increasing ultra-wealthy population driven by a diversified private sector.
The institute also noted that higher precious metal prices contributed significantly to wealth creation among high-net-worth individuals across Africa.
However, the report warned that wealth remains highly concentrated, with just 1 per cent of high-net-worth individuals controlling 34.8 per cent of total capital.
