New research from New World Wealth (NWW) reveals that South Africa is home to 49,000 dollar millionaires, three hundred more than in 2013.<\/p>\n
This puts South Africa at 0.4% of the total number of millionaires globally, currently at 13 million, according to New World Wealth<\/strong>.<\/p>\n The\u00a0wealth consultancy group said that 2,060 South Africans are multi-millionaires, while projecting that total millionaires in the country will reach 86,700 by 2030.<\/p>\n Millionaires are individuals with net assets of US$1 million or more, while multi-millionaires are individuals with assets of at least US$10 million.<\/p>\n Separate research conducted in July, found that there were 581 Ultra High Net Worth Individuals (UHNWIs) in South Africa in 2013, with an average per capita wealth of US$124.7 million (R1.3 billion).<\/p>\n UHNWIs\u00a0are defined as individuals having a net worth of at least US$30 million, after accounting for shares in public and private companies, residential and passion investments such as art, planes and real estate.<\/p>\n Research and Markets<\/strong> said there were eight billionaires in South Africa, 164 centimillionaires (exceeding $100 million) and 409 affluent millionaires.<\/p>\n NWW said that 990 of the country’s multi-millionaires reside in Johannesburg, with 380 based in Cape Town, 115 in Durban and 105 in Pretoria.<\/p>\n City Press<\/a> reported that South Africa’s millionaires have grown by 106% over the past decade and 120% for multi-millionaires.<\/p>\n Over the past 10 years, the number of multi-millioniares globally, has increased by 71%, while millionaire numbers increased by 58% over the same period.<\/p>\n The USA is the top ranked country for both classifications of millionaires, with the nation housing 37% of the world\u2019s multi-millionaires and about 33% of the world\u2019s millionaires.<\/p>\n However, it\u2019s Hong Kong which takes the city crown for the most multi-millionaires, hosting 15,400 multi-millionaires within its boundaries.<\/p>\n London ranks as the top city for millionaires, with 376,600 millionaires living there.<\/p>\n South Africa\u2019s millionaires set to grow 78%<\/strong><\/a><\/p>\n South Africa\u2019s dollar billionaires<\/strong><\/a><\/p>\nTop millionaire and multi-millionaire countries<\/h3>\n
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\n Rank<\/strong><\/td>\n Millionaires<\/strong><\/td>\n #<\/strong><\/td>\n Multi-Millionaires<\/strong><\/td>\n #<\/strong><\/td>\n<\/tr>\n \n 1<\/td>\n USA<\/td>\n 4,105,000<\/td>\n USA<\/td>\n 183,500<\/td>\n<\/tr>\n \n 2<\/td>\n Japan<\/td>\n 1,255,400<\/td>\n China<\/td>\n 26,600<\/td>\n<\/tr>\n \n 3<\/td>\n UK<\/td>\n 840,000<\/td>\n Germany<\/td>\n 25,400<\/td>\n<\/tr>\n \n 4<\/td>\n Germany<\/td>\n 821,900<\/td>\n UK<\/td>\n 21,700<\/td>\n<\/tr>\n \n 5<\/td>\n China<\/td>\n 608,500<\/td>\n Japan<\/td>\n 21,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n Top millionaire and multi-millionaire cities<\/h3>\n
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\n Rank<\/strong><\/td>\n Millionaires<\/strong><\/td>\n #<\/strong><\/td>\n Multi-millionaires<\/strong><\/td>\n #<\/strong><\/td>\n<\/tr>\n \n 1<\/td>\n London<\/td>\n 376,600<\/td>\n Hong Kong<\/td>\n 15,400<\/td>\n<\/tr>\n \n 2<\/td>\n New York<\/td>\n 319,700<\/td>\n New York<\/td>\n 14,300<\/td>\n<\/tr>\n \n 3<\/td>\n Tokyo<\/td>\n 265,800<\/td>\n London<\/td>\n 9,700<\/td>\n<\/tr>\n \n 4<\/td>\n Singapore<\/td>\n 223,800<\/td>\n Moscow<\/td>\n 7,600<\/td>\n<\/tr>\n \n 5<\/td>\n Hong Kong<\/td>\n 211,700<\/td>\n Los Angeles<\/td>\n 7,400<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n More on the rich<\/h3>\n