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A man reads his newspaper in front a map of Africa at the Place du Souvenir Africain, in Dakar, on January 27, 2016.
Photo by SEYLLOU/AFP/Getty Images
If you were a wealthy African, where would you live? According to the Africa 2016 Wealth Report, Johannesburg, South Africa is no longer where it’s at.
The report examined the performance of millionaires between the years 2007 and the end of 2015 – defining ‘millionaires’ or ‘high net worth individuals’ as those people with net assets of $1 million US dollars.
Here are the results. Drumroll please.
Mauritius, an enchanting little island off of the coast of Madagascar with low taxes and a booming retirement crowd, is the fastest growing African country for millionaires, while famed South Africa is bringing-up the rear. Check out the entire list, in order of wealth, below.
Mauritius is a breath-taking island in the Indian Ocean — approximately 500 miles east of Madagascar. Here, the national flag of Mauritius is held up as worshippers gather in St Peter’s Square at the Vatican to follow Pope Francis, January 17, 2016.
Photo by FILIPPO MONTEFORTE/AFP/Getty Images
A construction crane stands among office buildings over the city center on March 18, 2013 in Addis Ababa, Ethiopia. Ethiopia, with an estimated 91 million inhabitants, is the second most populated country in Africa.
Sean Gallup/Getty Images
Park wardens drive through the Mikumi National Park, which borders the Selous Game Reserve, in Tanzania, October 13, 2013.
Photo by Daniel Hayduk/AFP/Getty Images
A supporter of Ivorian football national team wearing a wig with Ivorian national flag colors, February 9, 2015.
Photo by SIA KAMBOU/AFP/Getty Images
An artist puts decorative graffitti on a privately-owned public transport bus, popularly known as ‘matatu’ at aworkshop in a suburb of Nairobi, April 14, 2016.
Photo by TONY KARUMBA/AFP/Getty Images
A Gabon supporter waves her national flag before the London 2012 Olympic men’s football match between Gabon and Mexico, July 29, 2012.
Photo by PAUL ELLIS/AFP/GettyImages
Sand dunes of the Dorob National Park, February 17, 2016.
Photo by GIANLUIGI GUERCIA/AFP/Getty Images
Guards stand next to the 1109-carat rough Lesedi La Rona diamond — the biggest rough diamond discovered in more than a century. The stone was found in Botswana, but is on display in New York City, 66.4 x 55 x 42 mm, May 04, 2016.
Photo by Spencer Platt/Getty Images
Art collector Bolaji Ogundare looks at an art piece by Nigerian artist Ben Enwonwu displayed to promote Nigerian master paintings and historical portraits selected for upcoming auction during a presser in Lagos, on May 4, 2016. A selection of master paintings and historical portraits by renowned first generation Nigerian artists, the likes of Ben Enwonwu, Demas Nwoko, Yusuf Grillo will be at auction in London on May 25 this year.
PIUS UTOMI EKPEI/AFP/Getty Images
Children in the Alexandra Township stand next to a mural of Nelson Mandela on June 15,2013 in Johannesburg, South Africa.
Photo by Jeff J Mitchell/Getty Images
Fun fact: the Africa 2016 Wealth Report finds that approximately 165,000 millionaires live in Africa, with combined wealth holdings of $860 billion US dollars.
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