{"id":161315,"date":"2017-03-01T19:00:32","date_gmt":"2017-03-01T17:00:32","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=161315"},"modified":"2017-03-01T19:10:40","modified_gmt":"2017-03-01T17:10:40","slug":"here-is-how-many-billionaires-live-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/161315\/here-is-how-many-billionaires-live-in-south-africa\/","title":{"rendered":"Here is how many billionaires live in South Africa"},"content":{"rendered":"<p>C<span class=\"st\">ommercial and\u00a0residential property<\/span> group, Knight Frank has published its Wealth Report \u00a0for 2017, showing the number of high net worth individuals reside in South Africa.<\/p>\n<p>The country&#8217;s band of ultra wealthy individuals has increased 5% over the past year &#8211; up to the end of 2016.<\/p>\n<p>The global ultra high net worth individuals (UHNWI) population increased to 193,490, up 42% over the past decade, and is expected to climb 43% to 275,740 by 2026.<\/p>\n<p>India and China are expected to lead the charge over the next 10 years &#8211; with an expected growth of 170% and 150%, respectively.<\/p>\n<p><a href=\"http:\/\/content.knightfrank.com\/research\/83\/documents\/en\/the-wealth-report-2017-4482.pdf\" target=\"_blank\">Knight Frank<\/a> defines wealth in the following ranges:<\/p>\n<ul>\n<li><strong>Millionaires<\/strong> are individuals with a net worth over US$1 million<\/li>\n<li><strong>Multi-millionaires<\/strong> have a net worth over US$10 million<\/li>\n<li><strong>Ultra-high net worth individuals (UHNWIs)<\/strong> have a net worth over US$30 million<\/li>\n<li><strong>Centi-millionaires<\/strong> have a net worth over US$100 million and<\/li>\n<li><strong>Billionaires<\/strong> have a net worth over US$1 billion.<\/li>\n<\/ul>\n<p>Wealth distribution in South Africa:<\/p>\n<div class=\"bt_table\">\n<div class=\"table-responsive\"><table class=\"table\" width=\"100%\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th bgcolor=\"#CCCCCC\" width=\"60%\">Wealth<\/th>\n<th style=\"text-align: center;\" bgcolor=\"#CCCCCC\" width=\"20%\">2016<\/th>\n<th style=\"text-align: center;\" bgcolor=\"#CCCCCC\" width=\"20%\">2026<\/th>\n<\/tr>\n<tr>\n<td>Millionaire ($1m+)<\/td>\n<td style=\"text-align: center;\"><span lang=\"EN-US\">40 400<\/span><\/td>\n<td style=\"text-align: center;\">\u00a052 500<\/td>\n<\/tr>\n<tr>\n<td>Multi-millionaire ($10m+)<\/td>\n<td style=\"text-align: center;\">2 130<\/td>\n<td style=\"text-align: center;\">2 770<\/td>\n<\/tr>\n<tr>\n<td>UHNWIS ($30m+)<\/td>\n<td style=\"text-align: center;\">650<\/td>\n<td style=\"text-align: center;\">850<\/td>\n<\/tr>\n<tr>\n<td>Centa-millionaire ($100m+)<\/td>\n<td style=\"text-align: center;\">96<\/td>\n<td style=\"text-align: center;\">125<\/td>\n<\/tr>\n<tr>\n<td>Billionaire ($1,000m+)<\/td>\n<td style=\"text-align: center;\">7<\/td>\n<td style=\"text-align: center;\">9<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n<p>According to Knight Frank, Africa had <strong>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<p>South Africa has, by some margin, the largest millionaire population in Africa. At <span lang=\"EN-US\">40,400\u00a0&#8211;<\/span>this number exceeds that of Nigeria (12,300), and Kenya (9,400).<\/p>\n<p>The report found that, globally, there were <strong>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<p>Looking at South African cities,\u00a0Joburg has by far the most super wealthy individuals, including 18,200 millionaires in 2016, and as many as 320 individuals who&#8217;s wealth exceeds $30 million (R390 million).<\/p>\n<p>Cape Town\u2019s millionaire total in 2016 was 8,200, while it also has 180 UHNWIS who have wealth in excess of $30 million.<strong><br \/>\n<\/strong><\/p>\n<p><strong>Johannesburg vs Cape Town<\/strong><\/p>\n<div class=\"bt_table\">\n<div class=\"table-responsive\"><table class=\"table\" width=\"100%\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th bgcolor=\"#CCCCCC\" width=\"60%\">Wealth in 2016<\/th>\n<th style=\"text-align: center;\" bgcolor=\"#CCCCCC\" width=\"20%\">Joburg<\/th>\n<th style=\"text-align: center;\" bgcolor=\"#CCCCCC\" width=\"20%\">Cape Town<\/th>\n<\/tr>\n<tr>\n<td>Millionaire ($1m+)<\/td>\n<td style=\"text-align: center;\"><span lang=\"EN-US\">18 200<\/span><\/td>\n<td style=\"text-align: center;\">8 200<\/td>\n<\/tr>\n<tr>\n<td>Multi-millionaire ($10m+)<\/td>\n<td style=\"text-align: center;\">970<\/td>\n<td style=\"text-align: center;\">440<\/td>\n<\/tr>\n<tr>\n<td>UHNWIS ($30m+)<\/td>\n<td style=\"text-align: center;\">320<\/td>\n<td style=\"text-align: center;\">180<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/wealth\/161241\/this-is-how-many-dollar-millionaires-live-in-south-africa\/\" target=\"_blank\">This is how many dollar millionaires live in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commercial and residential property group, Knight Frank has published its Wealth Report  for 2017, showing the number of high net worth individuals reside in South Africa.<\/p>\n","protected":false},"author":10,"featured_media":146469,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26,7585],"class_list":["post-161315","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\/161315","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=161315"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/161315\/revisions"}],"predecessor-version":[{"id":161337,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/161315\/revisions\/161337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/146469"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=161315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=161315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=161315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}