According to the source, total wealth "refers to the private wealth held by all the individuals living in a country including all their assets (property, cash, equities and business interests) less any liabilities". Governement funds were excluded.
Total private investable wealth in Africa amounted to *** trillion U.S. dollars in 2023. The amount slightly increased by just 100 billion U.S dollars in comparison to the previous year. South Africa, Egypt, Nigeria, Morocco, and Kenya were the five wealthier markets on the continent. The wealth value referred to assets, such as cash, properties, and business interests, held by individuals living in each country, less liabilities. Government funds were excluded.
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Henley & Partners. (April 16, 2024). Total private investable wealth in Africa from 2011 to 2023 (in trillion U.S. dollars) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 22, 2026, from /statistics/1242354/private-wealth-in-africa/
Henley & Partners. "Total private investable wealth in Africa from 2011 to 2023 (in trillion U.S. dollars)." Chart. April 16, 2024. ÌÇÐÄÆÆ½â°æ. Accessed July 22, 2026. /statistics/1242354/private-wealth-in-africa/
Henley & Partners. (2024). Total private investable wealth in Africa from 2011 to 2023 (in trillion U.S. dollars). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 22, 2026. /statistics/1242354/private-wealth-in-africa/
Henley & Partners. "Total Private Investable Wealth in Africa from 2011 to 2023 (in Trillion U.S. Dollars)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 16 Apr 2024, /statistics/1242354/private-wealth-in-africa/
Henley & Partners, Total private investable wealth in Africa from 2011 to 2023 (in trillion U.S. dollars) ÌÇÐÄÆÆ½â°æ, /statistics/1242354/private-wealth-in-africa/ (last visited July 22, 2026)
Total private investable wealth in Africa from 2011 to 2023 (in trillion U.S. dollars) [Graph], Henley & Partners, April 16, 2024. [Online]. Available: /statistics/1242354/private-wealth-in-africa/