Do you live next door to a millionaire?

New research from New World Wealth (NWW) reveals where in South Africa its 49,000 millionaires live.

In June 2014, there were approximately 49,000 high-net-worth individuals (HNWI) in SA, while 2,060 of them were multi-millionaires.

Millionaires (HWNIs) are defined as individuals with a net worth greater than US$1 million (R10.6 million), while multi-millionaires are worth more than US$10 million (R106 million).

Broken down by city, NWW found that there were approximately 990 multi-millionaires living in Johannesburg, 380 in Cape Town, 115 in Durban and 105 in Pretoria.

In June 2014, there were approximately 23,000 HNWIs living in Joburg, 9,000 in Cape Town, 2,700 in Durban and 2,500 in Pretoria.

NWW noted that the top suburbs for multi-millionaires in Joburg were Sandhurst (130), Hyde Park (120), Bryanston (117) and Houghton (62).

In Cape Town, Camps Bay, with 48, beat Bishopscourt (41) and Constantia (34) for the most multi-millionaires.

Other notables included Umhlanga and La Lucia in in KwaZulu-Natal (72), Knysna (45), Plettenberg Bay (34), and Stellenbosch and Franschoek, with 31 HNWIs.

Top housing estates such as Zimbali, in KwaZulu-Natal, and Erinvale in Somerset West, each have over 20 multi-millionaires living there.

NWW noted that its stats only include people living in each city/suburb and not second home owners.

More on South Africa’s richest people

South African dollar millionaires hits 49,000

South Africa’s millionaires set to grow 78%

South Africa’s dollar billionaires

Where South Africa’s rich live

Top countries for multi-millionaires

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Do you live next door to a millionaire?