Morocco is home to four billionaires, 28 centi-millionaires, and 5,800 millionaires. Wealth Report: Morocco Among 'Big 5' Wealth Markets in Africa By Mariya Sahnouni - Mar. 29, 2023 12:47 p.m.
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Despite Morocco's status as a middle-income country, living standards are low by international standards and have declined since the early 1990s, especially in terms of educational and medical social services.
H&P data suggests that the number of super-wealthy individuals residing in Marrakech grew by 55% between 2012 and 2022. The Moroccan city is now home to 900 millionaires, 8 centi-millionaires (individuals with a network of $100 million), and two billionaires.
Morocco is home to four billionaires, 28 centi-millionaires, and 5,800 millionaires. Wealth Report: Morocco Among 'Big 5' Wealth Markets in Africa By Mariya Sahnouni - Mar. 29, 2023 12:47 p.m.
Other minerals include iron ore and coal, mined for Morocco's domestic use, and barite, manganese, lead, and zinc, which are exported in small quantities. A major weakness in Morocco's resource inventory is its shortage of domestic energy sources.