According to the World Ultra Wealth Report 2014 published by the Swiss bank UBS and Wealth-X consulting agency, the ranking of African countries with the largest number of billionaires shows that South Africa ranks first with 835 high net worth individuals, followed by Nigeria (645 individuals), Egypt (595), Kenya (170), Tanzania (120), Angola (115), Tunisia (65), Libya (65), Ethiopia (60), Morocco (35) and Algeria (35).
Globally, the ultra-rich are 211,275 people in 2014, up nearly 6% compared to last year. Their combined total assets amount to nearly 30,000 billion dollars, i.e. up 7% year on year.
