African Wealth Report

The "Africa Wealth Report 2023" is a comprehensive study published by Henley & Partners, a global leader in residence and citizenship by investment, in partnership with wealth intelligence firm New World Wealth. The report provides an in-depth analysis of wealth trends in Africa, focusing on the continent's wealth hubs and the economic mobility of its citizens. The report is based on data from over 150,000 high-net-worth individuals and is aimed at affluent individuals, investors, and entrepreneurs who are interested in understanding wealth trends and opportunities in Africa. The report covers various topics including wealth in Africa, specific country profiles such as Namibia, Mauritius, and South Africa, and research methodology.

Key Figures

• The report is based on data from over 150,000 high-net-worth individuals.
• The firm has raised more than USD 10 billion in foreign direct investment.
• The report covers several African countries, including South Africa, which has approximately 350 homes valued at over USD 1 million.
• The report highlights Plettenberg Bay and Keurboomstrand as major wealth hotspots on the Garden Route.

Key Takeaways

• The report highlights the importance of economic mobility and visa-free access to global economic output for citizens of African countries.
• It suggests that investment migration is an attractive option for investors looking to maximize and stabilize their profits by diversifying their activities across more reliable economies.
• The report identifies specific locations in Africa, such as Plettenberg Bay, Keurboomstrand, and Nature’s Valley, as areas expected to see strong wealth growth in 2023.
• The report also provides insights into the relationship between passport strength and economic power, suggesting that investment in countries with strong passports can provide benefits within the host country as well as rights in additional countries.