{"id":120411,"date":"2016-04-17T15:00:16","date_gmt":"2016-04-17T13:00:16","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=120411"},"modified":"2016-04-15T17:17:22","modified_gmt":"2016-04-15T15:17:22","slug":"these-are-the-most-popular-classic-cars-among-sa-millionaires","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/lifestyle\/120411\/these-are-the-most-popular-classic-cars-among-sa-millionaires\/","title":{"rendered":"These are the most popular classic cars among SA millionaires"},"content":{"rendered":"

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

NWW\u2019s 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) \u2013 down 18% from\u00a046,800 recorded at the end of 2014.<\/p>\n

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\u2019s economic hub \u2013 Johannesburg.<\/p>\n

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).<\/p>\n

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.<\/p>\n

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

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.<\/p>\n

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.<\/p>\n

These are the most popular classic cars, favoured by South African HNWIs (listed by price).<\/p>\n

Morgan Roadster\u00a0 (1960s) – $100,000<\/strong><\/p>\n

\"Morgan<\/a><\/p>\n

Porche 911\u00a0 (1960s)\u00a0– $130,000<\/strong><\/p>\n

\"Porche<\/a><\/p>\n

Ferrari Dino\u00a0 (1970s)\u00a0– $250,000<\/strong><\/p>\n

\"Ferrari<\/a><\/p>\n

Jaguar E Type\u00a0 (1960s)\u00a0– $300,000<\/strong><\/p>\n

\"Jaguar<\/a><\/p>\n

Lamborghini Countach\u00a0(1980s)\u00a0– $400,000<\/strong><\/p>\n

\"Lamborghini<\/a><\/p>\n

Lamborghini Miura\u00a0(1970s)\u00a0– $800,000<\/strong><\/p>\n

\"Lamborghini<\/a><\/p>\n

Aston Martin DB5\u00a0 (1960s)\u00a0– $1.0 million<\/strong><\/p>\n

\"Aston<\/a><\/p>\n

Aston Martin DB4\u00a0(1950s)\u00a0– $1.3 million<\/strong><\/p>\n

\"Aston<\/a><\/p>\n

Porche 959\u00a0(1980s)\u00a0– $1.5 million<\/strong><\/p>\n

\"Porche<\/a><\/p>\n

Mercedes Gullwing 300sl\u00a0(1950s)\u00a0– $1.5 million<\/strong><\/p>\n

\"Mercedes<\/a><\/p>\n

Porche 550 Spyder\u00a0(1950s)\u00a0– $2 million<\/strong><\/p>\n

\"Porche<\/a><\/p>\n

McLaren F1 (1990s)\u00a0– $10 million<\/strong><\/p>\n

\"AppleMark\"<\/a>

AppleMark<\/p><\/div>\n

Ferrari 250 GT California Spider\u00a0 (1960s)\u00a0– $18 million<\/strong><\/p>\n

\"Ferrari<\/a><\/p>\n

Ferrari 250 GTO (1960s)\u00a0– $24 million<\/strong><\/p>\n

\"Ferrari<\/a><\/p>\n

More on wealth in SA<\/h3>\n

The suburbs where South Africa\u2019s richest people live<\/a><\/strong><\/p>\n

The best city for house price growth: Durban vs Cape Town vs Joburg<\/a><\/strong><\/p>\n

Here are the 22 most exclusive streets for South Africa\u2019s ultra-rich<\/a><\/strong><\/p>\n

How South Africa\u2019s richest people make their money<\/a><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

New data from New World Wealth, in association with MasterCard, has revealed which classic cars are favoured by South Africa’s richest people.<\/p>\n","protected":false},"author":10,"featured_media":120483,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9876,9880],"tags":[11331,26,6440],"class_list":["post-120411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","category-wealth","tag-classic-cars","tag-headline","tag-new-world-wealth"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/120411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=120411"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/120411\/revisions"}],"predecessor-version":[{"id":120491,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/120411\/revisions\/120491"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/120483"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=120411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=120411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=120411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}