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Wealth management

Namibia on track to have 10,000 millionaires by 2040

October 9, 2023

Tourism draw: Sand dunes in the Namib Desert in Namibia. Image credit: Namibia Tourism Board, iStock Tourism draw: Sand dunes in the Namib Desert in Namibia. Image credit: Namibia Tourism Board, iStock

 

By Staff reports

Namibia is poised to become Africa’s next big millionaire hotspot, according to wealth intelligence firm New World Wealth.

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NEW INTELLIGENCE

MOST READ
  1. Bentley ups ultra-luxury car rivalry with announcement of new mystery Torcal model line
  2. Resale becoming the first choice for US shoppers as luxury retail evolves: report
  3. Registration open for the 3rd annual Luxury Real Estate and Design Summit Oct. 14 in New York 
  4. Call for nominations: Luxury Marketer's Luxury Women Leaders to Watch 2027 
  5. As regulation raises fashion circularity baseline, focus shifts from compliance to operating advantage: report
  6. Canada’s Joseph Ribkoff pivots from wholesale-driven fashion biz to balanced omnichannel model 
  7. AI reshaping jobs faster than firms reshaping work: report
  8. Consumer mix to shift to 50-50 split between top tier, aspirationals as luxury growth is back on track: report
  9. 196 self-made billionaires drove wealth to record $15.8 trillion, up 13pc over 12 months
  10. Richemont sales up 20pc to $7.1B for Q1 2026, buoyed by growth across lines and regions


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