{"id":126931,"date":"2016-06-14T19:30:21","date_gmt":"2016-06-14T17:30:21","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=126931"},"modified":"2016-06-14T20:48:29","modified_gmt":"2016-06-14T18:48:29","slug":"global-cities-with-the-most-millionaires-vs-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/126931\/global-cities-with-the-most-millionaires-vs-south-africa\/","title":{"rendered":"Global cities with the most millionaires vs South Africa"},"content":{"rendered":"

New data published by WealthInsight, shows that Monaco has the highest percentage of millionaires in the world per capita, at almost one in three inhabitants.<\/p>\n

However, more multi-millionaires live in London than any other city in the world according to Spear’s magazine<\/a>, who worked in association with wealth consultancy WealthInsight to provide the data.<\/p>\n

The research shows that despite annual falls in the number of multi-millionaires living in London’s closest rivals Tokyo (2nd) and Singapore (3rd), London’s multi-millionaire population continued to grow by 0.8% from 2014 to 2015.<\/p>\n

The city’s multi-millionaire population now stands at 25% more than second placed Tokyo with 4,400 millionaires residing in the United Kingdom<\/span> capital.<\/p>\n

London has also moved from sixth place when it comes to cities with the highest number of wealthy people per capita, with 3.4% of the population now millionaires.<\/p>\n

Millionaires, or high net worth individuals (HNWIs), are those individuals who, excluding the value of their main house, have net assets worth $1 million or more.<\/p>\n

In South Africa, Johannesburg ranks 55th, globally, with 295 multi-milllion dollar HNWIs.<\/p>\n

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

By contrast, research conducted by another wealth advisory company, New World Wealth, showed that Johannesburg is home to the largest portion of South Africa\u2019s millionaires\u00a0 at 44%. <\/span><\/p>\n

There are also sizable populations living in Cape Town (18%), Pretoria (7%) and Durban (7%).<\/span><\/p>\n

Distribution by city<\/h3>\n
\n\n\n\n\n\n\n\n\n\n\n
City<\/strong><\/td>\nMillionaires<\/strong><\/td>\n% of country<\/strong><\/td>\n<\/tr>\n
Johannesburg<\/td>\n16,800<\/td>\n44%<\/td>\n<\/tr>\n
Cape Town<\/td>\n7,000<\/td>\n18%<\/td>\n<\/tr>\n
Durban<\/td>\n2,600<\/td>\n7%<\/td>\n<\/tr>\n
Pretoria<\/td>\n2,600<\/td>\n7%<\/td>\n<\/tr>\n
Garden Route<\/td>\n2,400<\/td>\n6%<\/td>\n<\/tr>\n
Paarl, Franschoek & Stellenbosch<\/span><\/td>\n2,200<\/td>\n6%<\/td>\n<\/tr>\n
Other<\/td>\n4,900<\/td>\n13%<\/td>\n<\/tr>\n
Total SA<\/strong><\/td>\n38,500<\/strong><\/td>\n100%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

According to NWW however, the number of dollar millionaires in South Africa has declined significantly over the past several years.<\/p>\n

City performance 2007-2015<\/h3>\n
\n\n\n\n\n\n\n\n\n\n\n
City<\/strong><\/td>\nMillionaires 2007
\n<\/strong><\/td>\n		Millionaires 2015<\/strong><\/td>\nGrowth<\/strong><\/td>\n<\/tr>\n
Johannesburg<\/td>\n20,700<\/td>\n16,800<\/td>\n-19%<\/td>\n<\/tr>\n
Cape Town<\/td>\n8,500<\/td>\n7,000<\/td>\n-18%<\/td>\n<\/tr>\n
Pretoria<\/td>\n2,100<\/td>\n2,600<\/td>\n24%<\/td>\n<\/tr>\n
Durban (inc Umhlanga)<\/td>\n2,300<\/td>\n2,600<\/td>\n13%<\/td>\n<\/tr>\n
Garden Route<\/td>\n1,900<\/td>\n2,400<\/td>\n26%<\/td>\n<\/tr>\n
Paarl, Franschoek & Stellenbosch<\/span><\/td>\n1,600<\/td>\n2,200<\/td>\n38%<\/td>\n<\/tr>\n
Other<\/td>\n5,700<\/td>\n4,900<\/td>\n-14%<\/td>\n<\/tr>\n
Total SA<\/strong><\/td>\n42 800<\/strong><\/td>\n38,500<\/strong><\/td>\n-10%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

More on wealth<\/h3>\n

South Africa\u2019s millionaires: Joburg vs Cape Town vs Pretoria vs Durban<\/strong><\/a><\/p>\n

The richest and poorest countries in Africa<\/strong><\/a><\/p>\n

How South Africa\u2019s super-rich spend their cash vs the poor<\/strong><\/p>\n

How long it would take to become the richest person in South Africa<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

New data published by WealthInsight, shows that Monaco has the highest percentage of millionaires in the world per capita, at almost one in three inhabitants.<\/p>\n","protected":false},"author":10,"featured_media":121021,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26,6440,4832],"class_list":["post-126931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline","tag-new-world-wealth","tag-wealthinsight"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/126931","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=126931"}],"version-history":[{"count":11,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/126931\/revisions"}],"predecessor-version":[{"id":126981,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/126931\/revisions\/126981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/121021"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=126931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=126931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=126931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}