Good morning,

Today we look at at the universities, the qualifications, and industries of South African 🇿🇦 high net worth individuals (HNWIs) with over $1 million (R15.70 million)

3 things you need to know:

• 20% (a majority) attended Africa’s top university the University of Cape Town

• 30% studied Law (LLB, LLM) and 28% studied Finance and Accounting (B Com, MBA, CA, CFA)📈

• 35% of their wealth was created in the Financial and Professional Services* industry which include banking, law firms, consulting firms, fund managers and wealth managers

New wealth?

According to New World Wealth and Henley & Partners, South Africa is expected to have over 55,000 HNWIs by 2032.

→ The Times Higher Education World University Rankings 2022 include more than 1,600 universities across 99 countries and territories, making them the largest and most diverse university rankings

→ New World Wealth and Henley & Partners reports focuses on African Wealth for 2022, high net worth individuals (HNWIs) with listed wealth of $1 million (R15.70 million) or more

→ 20% (a majority) attended Africa’s and one of the world’s best university the University of Cape Town

→ 35% were in the Financial and Professional Services include banks, law firms, consulting firms, fund managers and wealth managers

→ 30% studied Law (LLB, LLM) and 28% studied Finance and Accounting (B Com, MBA, CA, CFA)

→ 5 of the top ranked universities in Africa were located in South Africa, 1 is located in Nigeria, 1 is located in Ghana, 1 is located in Egypt, and 1 is located in Ethiopia

→ The Times Higher Education World University Rankings 2022 include more than 1,600 universities across 99 countries and territories, making them the largest and most diverse university rankings to date.

→ 5 of the top ranked universities in Africa were located in South Africa, 1 is located in Nigeria, 1 is located in Ghana, 1 is located in Egypt, and 1 is located in Ethiopia

→ New World Wealth and Henley & Partners reports focuses on African Wealth for 2022, high net worth individuals (HNWIs) with listed wealth of $1 million (R15.70 million) or more

→ 20% (a majority) attended Africa’s and one of the world’s best university the University of Cape Town

→ 35% were in the Financial and Professional Services include banks, law firms, consulting firms, fund managers and wealth managers

→ 30% studiedLaw (LLB, LLM) and 28% studied Finance and Accounting (B Com, MBA, CA, CFA)

→ 5 of the top ranked universities in Africa were located in South Africa, 1 is located in Nigeria, 1 is located in Ghana, 1 is located in Egypt, and 1 is located in Ethiopia