The 2022 Africa wealth report has revealed that Zambia has two individuals who have a network of over US$100 million (over K1.8 billion) in privately held wealth. According to the Africa Wealth Report published by Henley & Partners, the global leader in residence and citizenship by investment, in partnership with South African wealth intelligence firm New World Wealth, the ‘Big 5’ wealth markets in Africa are: South Africa, Egypt, Nigeria, Morocco and Kenya in that order. Zambia has only two high net worth individuals – HNWI with net worth of over $100million, has 30 individuals with US$10 million and above,...
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