{"id":161241,"date":"2017-03-01T14:19:43","date_gmt":"2017-03-01T12:19:43","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=161241"},"modified":"2017-03-01T14:19:43","modified_gmt":"2017-03-01T12:19:43","slug":"this-is-how-many-dollar-millionaires-live-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/161241\/this-is-how-many-dollar-millionaires-live-in-south-africa\/","title":{"rendered":"This is how many dollar millionaires live in South Africa"},"content":{"rendered":"

Commercial and\u00a0residential property<\/span> group, Knight Frank has published its Wealth Report \u00a0for 2017, showing how many dollar millionaires live in South Africa.<\/p>\n

Knight Frank defines a millionaire as an individual with a net worth over US$1 million. It found that South Africa had 40,400 millionaires in 2016<\/strong>, up from 38,500 in 2015, while that number is expected to grow to 52,500 over the next decade – to 2026.<\/p>\n

However,\u00a0Knight Frank’s report, published a year ago showed South Africa to have 46,500 millionaires<\/strong>, significantly more than the 38,500 millionaires<\/strong> in it its 2017 report.<\/p>\n

The data is likely changed to reflect the dollar exchange rate year-to-year.<\/p>\n

According to Knight Frank, Africa had 145,100<\/strong> dollar millionaires in 2016, up marginally from 145,700 in 2015. The property group said it expects that number to grow to 198,000 across the continent over the next decade.<\/p>\n

The report found that globally, there were 13,645,400<\/strong> dollar millionaires in 2016, led by the US, with 4,389,000 millionaires, Japan (1,166,000), and Germany, with 774,600 millionaires.<\/p>\n

Looking at South African cities,\u00a0Joburg is by far the best city for super wealthy individuals – 18,200 millionaires in 2016 – down from 23,400 in 2015.<\/p>\n

Cape Town’s millionaires total in 2016 was 8,200, from 8,900 in 2015 as reported in Knight Frank’s report a year ago.
\n<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n
City<\/th>\nMillionaires 2015<\/th>\nMillionaires 2016<\/th>\nChange<\/th>\n<\/tr>\n
Johannesburg<\/td>\n23 400<\/td>\n18 200<\/td>\n-5 200<\/td>\n<\/tr>\n
Cape Town<\/td>\n8 900<\/td>\n8 200<\/td>\n-700<\/td>\n<\/tr>\n
Other SA<\/td>\n14 200<\/td>\n14 000<\/td>\n-200<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n46 500<\/strong><\/td>\n40 400
\n<\/strong><\/td>\n		-6 100<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Read: This is how many millionaires live in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Commercial and residential property group, Knight Frank has published its Wealth Report for 2017 showing how many dollar millionaires live in South Africa.<\/p>\n","protected":false},"author":10,"featured_media":161253,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26,7585],"class_list":["post-161241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline","tag-knight-frank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/161241","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=161241"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/161241\/revisions"}],"predecessor-version":[{"id":161287,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/161241\/revisions\/161287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/161253"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=161241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=161241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=161241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}