{"id":85075,"date":"2015-04-15T00:05:35","date_gmt":"2015-04-14T22:05:35","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=85075"},"modified":"2015-04-16T11:12:57","modified_gmt":"2015-04-16T09:12:57","slug":"which-cities-africas-ultra-rich-live-in","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/85075\/which-cities-africas-ultra-rich-live-in\/","title":{"rendered":"Africa’s top cities for the ultra-rich"},"content":{"rendered":"

Johannesburg is home to the highest population of ultra-rich billionaires in Africa when it comes to cities on the continent.<\/p>\n

In fact, the South African economic hub has almost twice the number of multi-millionaires – people with a net worth exceeding $30 million (R365 million).<\/p>\n

The data, taken from the 2015 Knight Frank Global Wealth Report, showes which cities have the most ultra high net worth individuals (UHNWIs) in Africa, and includes two cities from SA, and three in Nigeria, the continent’s largest economy.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/strong><\/td>\nCountry<\/strong><\/td>\nResident HNWIs<\/strong><\/td>\n<\/tr>\n
Johannesburg<\/td>\nSouth Africa<\/td>\n298<\/td>\n<\/tr>\n
Cairo<\/td>\nEgypt<\/td>\n150<\/td>\n<\/tr>\n
Lagos<\/td>\nNigeria<\/td>\n131<\/td>\n<\/tr>\n
Cape Town<\/td>\nSouth Africa<\/td>\n115<\/td>\n<\/tr>\n
Nairobi<\/td>\nKenya<\/td>\n69<\/td>\n<\/tr>\n
Dar Es Salaam<\/td>\nTanzania<\/td>\n36<\/td>\n<\/tr>\n
Abuja<\/td>\nNigeria<\/td>\n23<\/td>\n<\/tr>\n
Addis Ababa<\/td>\nEthiopia<\/td>\n21<\/td>\n<\/tr>\n
Marrakesh<\/td>\nMorocco<\/td>\n15<\/td>\n<\/tr>\n
Kano<\/td>\nNigeria<\/td>\n10<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Kano, Nigeria<\/strong><\/p>\n

\"Kano<\/a><\/p>\n

Marrakesh, Morocco<\/strong><\/p>\n

\"Marrakech\"<\/a>

Marrakech<\/p><\/div>\n

Addis Ababa, Ethiopia<\/strong><\/p>\n

\"Addis<\/a><\/p>\n

Abuja, Nigeria<\/strong><\/p>\n

\"Abuja\"<\/a><\/p>\n

Dar Es Salaam, Tanzania<\/strong><\/p>\n

\"Dar<\/a><\/p>\n

Nairobi, Kenya<\/strong><\/p>\n

\"Nairobi\"<\/a><\/p>\n

Cape Town, South Africa<\/strong><\/p>\n

\"Cape<\/a><\/p>\n

Lagos, Nigeria<\/strong><\/p>\n

\"Lagos\"<\/a><\/p>\n

Cairo, Egypt<\/strong><\/p>\n

\"Cairo\"<\/a><\/p>\n

Johannesburg, South Africa<\/strong><\/p>\n

\"Joburg<\/a>

Joburg city<\/p><\/div>\n

On a global comparison, The report showed that London (4,364) has the highest concentrate of ultra-wealthy people, followed by\u00a0 Singapore (3,227), New York (3,008), Hong Kong (2,690), and Frankfurt (1,909).<\/p>\n

On a country basis, Knight Frank\u2019s report showed that in 2014, South Africa was home to 616 UHNWIs \u2013 people worth more than US$30 million \u2013 the highest number on the continent, ahead of Egypt (276), Nigeria (210) and Kenya (115).<\/p>\n

By 2024, this number is expected to grow by almost 50% to a total of 903 individuals \u2013 while Nigeria is expected to surpass Egypt, with 399 UHNWI individuals in the next decade.<\/p>\n

Top 10 African countries for multi-millionaires (US$30 million+)<\/h3>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
#<\/strong><\/td>\nCountry<\/strong><\/td>\n2004<\/strong><\/td>\n2014<\/strong><\/td>\n2024<\/strong><\/td>\n2004-2014 Growth<\/strong><\/td>\n2014-2024 Growth<\/strong><\/td>\n<\/tr>\n
36<\/td>\nSouth Africa<\/td>\n300<\/td>\n616<\/td>\n903<\/td>\n105%<\/td>\n47%<\/td>\n<\/tr>\n
50<\/td>\nEgypt<\/td>\n101<\/td>\n276<\/td>\n387<\/td>\n173%<\/td>\n40%<\/td>\n<\/tr>\n
56<\/td>\nNigeria<\/td>\n63<\/td>\n210<\/td>\n399<\/td>\n233%<\/td>\n90%<\/td>\n<\/tr>\n
67<\/td>\nKenya<\/td>\n56<\/td>\n115<\/td>\n209<\/td>\n105%<\/td>\n82%<\/td>\n<\/tr>\n
74<\/td>\nTanzania<\/td>\n40<\/td>\n78<\/td>\n156<\/td>\n95%<\/td>\n100%<\/td>\n<\/tr>\n
75<\/td>\nAngola<\/td>\n12<\/td>\n72<\/td>\n112<\/td>\n500%<\/td>\n56%<\/td>\n<\/tr>\n
79<\/td>\nTunisia<\/td>\n37<\/td>\n57<\/td>\n88<\/td>\n54%<\/td>\n54%<\/td>\n<\/tr>\n
83<\/td>\nLibya<\/td>\n16<\/td>\n42<\/td>\n66<\/td>\n163%<\/td>\n57%<\/td>\n<\/tr>\n
85<\/td>\nMorocco<\/td>\n23<\/td>\n41<\/td>\n64<\/td>\n78%<\/td>\n56%<\/td>\n<\/tr>\n
88<\/td>\nEthiopia<\/td>\n9<\/td>\n36<\/td>\n72<\/td>\n300%<\/td>\n100%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

More the ultra rich in SA<\/h3>\n

\u00a0How many billionaires South Africa has<\/a><\/strong><\/p>\n

South Africa\u2019s rich cashing in<\/strong><\/a><\/p>\n

How rich is South Africa?<\/strong><\/a><\/p>\n

Top cities for South Africa\u2019s dollar millionaires<\/a><\/strong><\/p>\n

Where South Africa\u2019s multi-millionaires live<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Johannesburg is home to the highest population of ultra-rich billionaires in Africa when it comes to cities on the continent.<\/p>\n","protected":false},"author":10,"featured_media":74324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,7585,8622],"class_list":["post-85075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline","tag-knight-frank","tag-nww"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/85075","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=85075"}],"version-history":[{"count":13,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/85075\/revisions"}],"predecessor-version":[{"id":85149,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/85075\/revisions\/85149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/74324"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=85075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=85075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=85075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}