{"id":653507,"date":"2023-01-07T13:00:53","date_gmt":"2023-01-07T11:00:53","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=653507"},"modified":"2023-04-06T09:33:15","modified_gmt":"2023-04-06T07:33:15","slug":"wip-where-the-uber-wealthy-spend-their-south-african-holidays","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/lifestyle\/653507\/wip-where-the-uber-wealthy-spend-their-south-african-holidays\/","title":{"rendered":"Where the super rich spend their time in South Africa"},"content":{"rendered":"

South Africa has numerous holiday destinations and attractions frequented by centi-millionaires – individuals that boast $100 million or more in investable assets.<\/p>\n

This is according to a report by Henley & Partners and New World Health, which reviewed the top holiday destinations for centi-millionaires globally.<\/p>\n

The report argues that centi-millionaires represent a true reflection of the “super-wealthy” in developing nations, as there are very few billionaires.<\/p>\n

South Africa only has five billionaires, but 92 centi-millionaires – the 27th highest number of centi-millionaires in the world. At the same time, Kenya has no billionaires but 14 centi-millionaires.<\/p>\n

There are 25,490 centi-millionaires worldwide, and most are white males over 55 years old from the US and Europe.<\/p>\n

Since 2015, New World Wealth has been tracking the movements and spending habits of the world’s centi-millionaires and has thus determined the most popular holiday destinations for the “super-wealthy.”<\/p>\n

A previous report from New World Wealth noted 2,500+ centi-millionaires regularly visit Africa for holidays. Luxury tourism remains one of the continent’s most important sectors, as it brings in a lot of forex. South Africa remains Africa’s leading luxury tourist destination.<\/p>\n

The most popular holiday destinations for the uber-wealthy in South Africa include opulent hotels, wildlife safaris, and luxury trains.<\/p>\n

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The Oyster Box<\/strong><\/p>\n