{"id":82421,"date":"2015-03-12T23:57:50","date_gmt":"2015-03-12T21:57:50","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=82421"},"modified":"2015-03-16T17:51:39","modified_gmt":"2015-03-16T15:51:39","slug":"where-south-africas-richest-people-live","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/82421\/where-south-africas-richest-people-live\/","title":{"rendered":"Where South Africa’s richest people live"},"content":{"rendered":"

The latest report by New World Wealth shows which areas in South Africa are home to the most high net worth individuals.<\/p>\n

According to the report, Johannesburg remains the most popular city for HNWIs, with half of the super wealthy population living there.<\/p>\n

In 2014, 23,400 of 46,800 HNWIs called Joburg home, far above South Africa’s second wealthiest city, Cape Town, where 8,900 HNWIs reside.<\/p>\n

HNWIs are defined as people who have a net worth of US$1 million or more.<\/p>\n

\n\n\n\n\n\n\n\n\n
City<\/strong><\/td>\nResident HNWIs<\/strong><\/td>\n% of total<\/strong><\/td>\n<\/tr>\n
Johannesburg<\/td>\n23 400<\/td>\n50%<\/td>\n<\/tr>\n
Cape Town<\/td>\n8 900<\/td>\n19%<\/td>\n<\/tr>\n
Durban<\/td>\n2 700<\/td>\n6%<\/td>\n<\/tr>\n
Pretoria<\/td>\n2 500<\/td>\n5%<\/td>\n<\/tr>\n
Other<\/td>\n9 300<\/td>\n20%<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n46 800<\/strong><\/td>\n100%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

And while Johannesburg has shown double digit growth (13%) in HNWIs since 2007, Durban has had the biggest rise in HNWI residents, showing an increase of 29%.<\/p>\n

Durban includes the affluent suburbs of Umhlanga, La Lucia, Zimbali and Mount Edgecombe.<\/p>\n

\n\n\n\n\n\n\n\n\n
City<\/strong><\/td>\nResident HNWIs 2007<\/strong><\/td>\nResident HNWIs 2014<\/strong><\/td>\n%\u00a0change<\/strong><\/td>\n<\/tr>\n
Durban<\/td>\n2 100<\/td>\n2 700<\/td>\n29%<\/td>\n<\/tr>\n
Johannesburg<\/td>\n20 700<\/td>\n23 400<\/td>\n13%<\/td>\n<\/tr>\n
Pretoria<\/td>\n2 300<\/td>\n2 500<\/td>\n9%<\/td>\n<\/tr>\n
Cape Town<\/td>\n8 500<\/td>\n8 900<\/td>\n5%<\/td>\n<\/tr>\n
Other<\/td>\n9 200<\/td>\n9 300<\/td>\n1%<\/td>\n<\/tr>\n
Total SA<\/strong><\/td>\n42 800<\/strong><\/td>\n46 800<\/strong><\/td>\n9%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Looking at multi-millionaires – HNWIs worth US$10 million or more – national distribution shows a similar pattern.<\/p>\n

Joburg is the top city, home to 990 (48%) multi-millionaires, followed by Cape Town with 380, and Durban with 120 individuals.<\/p>\n

\n\n\n\n\n\n\n\n\n
City<\/strong><\/td>\nResident HNWIs<\/strong><\/td>\n% of total<\/strong><\/td>\n<\/tr>\n
Johannesburg<\/td>\n990<\/td>\n48%<\/td>\n<\/tr>\n
Cape Town<\/td>\n380<\/td>\n18%<\/td>\n<\/tr>\n
Durban<\/td>\n120<\/td>\n6%<\/td>\n<\/tr>\n
Pretoria<\/td>\n110<\/td>\n5%<\/td>\n<\/tr>\n
Other<\/td>\n460<\/td>\n22%<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n2 060<\/strong><\/td>\n100%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Here are the top multi-millionaire suburbs in South Africa:<\/p>\n

\"Sandhurst<\/a>

Sandhurst home<\/p><\/div>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Suburb<\/strong><\/td>\nRegion<\/strong><\/td>\nResident HNWIs<\/strong><\/td>\n<\/tr>\n
Sandhurst<\/td>\nJohannesburg<\/td>\n130<\/td>\n<\/tr>\n
Hyde Park<\/td>\nJohannesburg<\/td>\n120<\/td>\n<\/tr>\n
Bryanston<\/td>\nJohannesburg<\/td>\n120<\/td>\n<\/tr>\n
Knysna & Plettenberg Bay<\/td>\nGarden Route<\/td>\n80<\/td>\n<\/tr>\n
Houghton<\/td>\nJohannesburg<\/td>\n60<\/td>\n<\/tr>\n
Umhlanga<\/td>\nNatal<\/td>\n60<\/td>\n<\/tr>\n
Westcliff<\/td>\nJohannesburg<\/td>\n50<\/td>\n<\/tr>\n
Camps Bay<\/td>\nCape Town<\/td>\n50<\/td>\n<\/tr>\n
Bishopscourt<\/td>\nCape Town<\/td>\n40<\/td>\n<\/tr>\n
Constantia & Tokai<\/td>\nCape Town<\/td>\n30<\/td>\n<\/tr>\n
Clifton<\/td>\nCape Town<\/td>\n30<\/td>\n<\/tr>\n
Bantry Bay<\/td>\nCape Town<\/td>\n30<\/td>\n<\/tr>\n
Fresnaye<\/td>\nCape Town<\/td>\n20<\/td>\n<\/tr>\n
Llandudno<\/td>\nCape Town<\/td>\n20<\/td>\n<\/tr>\n
Stellenbosch<\/td>\nWestern Cape<\/td>\n20<\/td>\n<\/tr>\n
La Lucia<\/td>\nNatal<\/td>\n10<\/td>\n<\/tr>\n
Franschoek<\/td>\nWestern Cape<\/td>\n10<\/td>\n<\/tr>\n
Hermanus<\/td>\nGarden Route<\/td>\n10<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

New World Wealth also listed the most popular estates by the number of multi-millionaires living in them.<\/p>\n

The top estates are Zimbali Estate in KwaZulu Natal, and Erinvale Estate in the Western Cape, which are home to 20 multi-millionaires each.<\/p>\n

\"Zimbali<\/a>

Zimbali Estate home<\/p><\/div>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Estate<\/strong><\/td>\nRegion<\/strong><\/td>\nResident HNWIs<\/strong><\/td>\n<\/tr>\n
Zimbali<\/td>\nNatal<\/td>\n20<\/td>\n<\/tr>\n
Erinvale<\/td>\nWestern Cape<\/td>\n20<\/td>\n<\/tr>\n
Blair Atholl<\/td>\nJohannesburg<\/td>\n10<\/td>\n<\/tr>\n
Silverhurst<\/td>\nWestern Cape<\/td>\n10<\/td>\n<\/tr>\n
Dainfern<\/td>\nJohannesburg<\/td>\n10<\/td>\n<\/tr>\n
Steenberg<\/td>\nWestern Cape<\/td>\n10<\/td>\n<\/tr>\n
Fancourt<\/td>\nGarden Route<\/td>\n10<\/td>\n<\/tr>\n
Pezula (Golf\u00a0& Private)<\/td>\nGarden Route<\/td>\n10<\/td>\n<\/tr>\n
Pearl Valley<\/td>\nWestern Cape<\/td>\n5 to 10<\/td>\n<\/tr>\n
Silver Lakes<\/td>\nPretoria<\/td>\n5 to 10<\/td>\n<\/tr>\n
Waterfall Equestrian Estate<\/td>\nJohannesburg<\/td>\n5 to 10<\/td>\n<\/tr>\n
Mount Edgecombe<\/td>\nNatal<\/td>\n5 to 10<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

More on the richest<\/h3>\n

These are South Africa\u2019s richest people<\/a><\/strong><\/p>\n

Richest prize money in sport<\/a><\/strong><\/p>\n

Richest 1% to have more money than the rest in 2016: report<\/a><\/strong><\/p>\n

How long it would take SA\u2019s richest man to spend his money<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The latest report by New World Wealth shows which areas in South Africa are home to the most high net worth individuals.<\/p>\n","protected":false},"author":10,"featured_media":57839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,6440,4082,853],"class_list":["post-82421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline","tag-new-world-wealth","tag-richest","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/82421","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=82421"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/82421\/revisions"}],"predecessor-version":[{"id":82677,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/82421\/revisions\/82677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/57839"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=82421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=82421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=82421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}