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Reply to "Top 10 African Countries with the Most Millionaires"

8. Libya– 5,400 Millionaires

 

tripoli libya

New World Wealth reported that about 5,400 of Libya’s 6.2 million people are millionaires, making the country the continent’s eighth largest producer of high wealth individuals. The economy is structured primarily around the nation’s energy sector, which generates about 95 percent of export earnings, 80 percent of GDP, and 99 percent of government income. Substantial revenue from the energy sector coupled with a small population give Libya one of the highest per capita GDPs in Africa, according to Africacradle.com.

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