These are the most popular classic cars among SA millionaires

 ·17 Apr 2016

New data from New World Wealth, in association with MasterCard, has revealed which classic cars are favoured by South Africa’s richest people.

NWW’s data shows that at the end of 2015, there were 38,500 millionaires in South Africa (people with a net worth over US$1 million) – down 18% from 46,800 recorded at the end of 2014.

Of these High Net Worth Individuals (HNWIs), 2,030 are multi-millionaires (with a net worth of US$10 million or more), who are largely settled around the country’s economic hub – Johannesburg.

Singled out in the report, South Africa was also recorded as having 522 affluent millionaires (net worth more than US$30 million), 91 centimillionaires (net worth more than US$100 million) and seven billionaires (net worth more than US$1 billion).

With a combined net worth of US$73 billion, South Africa’s Ultra-HNWIs hold 46% of the total wealth held by the country’s richest people.

In 2015, UHNWI wealth grew by 40%, and NWW anticipates it will grow even further – increasing 19% to US$86 billion by 2017.

While South African HNWIs spend their money on many collectables – including Art, wine and luxury items – classic cars saw the largest growth in HNWI spending since 2007.

Between 2007 and 2015, classic car prices rose by 163%, making it the best performing investment class for HNWIs over that period. Local classic car auctions often take place in Johannesburg, Cape Town and Knysna, NWW said.

These are the most popular classic cars, favoured by South African HNWIs (listed by price).

Morgan Roadster  (1960s) – $100,000

Morgan Roadster

Porche 911  (1960s) – $130,000

Porche 911

Ferrari Dino  (1970s) – $250,000

Ferrari Dino

Jaguar E Type  (1960s) – $300,000

Jaguar E Type

Lamborghini Countach (1980s) – $400,000

Lamborghini Countach

Lamborghini Miura (1970s) – $800,000

Lamborghini Miura

Aston Martin DB5  (1960s) – $1.0 million

Aston Martin DB5

Aston Martin DB4 (1950s) – $1.3 million

Aston Martin DB4

Porche 959 (1980s) – $1.5 million

Porche 959

Mercedes Gullwing 300sl (1950s) – $1.5 million

Mercedes Gullwing 300sl

Porche 550 Spyder (1950s) – $2 million

Porche 550 Spyder

McLaren F1 (1990s) – $10 million



Ferrari 250 GT California Spider  (1960s) – $18 million

Ferrari 250 GT California Spider

Ferrari 250 GTO (1960s) – $24 million

Ferrari 250 GTO

More on wealth in SA

The suburbs where South Africa’s richest people live

The best city for house price growth: Durban vs Cape Town vs Joburg

Here are the 22 most exclusive streets for South Africa’s ultra-rich

How South Africa’s richest people make their money

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