There are 2,700 millionaires in Ethiopia – new study

Ethiopia, a country with close to 90 million people, has only 2,700 millionaires, according to New World Wealth, a research group based in Oxford, England. Out of these 2,700 millionaires, it is safe to assume that over 90 percent of them are members of the ruling party, Tigrean People’s Liberation Front (TPLF).  Read the full text of the report here.

 Fastest growing countries for millionaires, 2007 – 2013

# Country Millionaires (2007)
Millionaires (2013)
Growth
1 Ethiopia 1,300 2,700 108%
2 Angola 3,800 6,400 68%
3 Tanzania 3,700 5,600 51%
4 Zambia 600 900 50%
5 Ghana 1,600 2,400 50%
6 Nigeria 10,900 15,700 44%
7 Algeria 2,900 4,100 41%
8 Ivory Coast 1,600 2,100 31%
9 Morocco 3,900 4,900 26%
10 Kenya 6,700 8,300 24%

According to NWW, South Africa’s growth during the recorded period was at 14%, while Egypt only