{"id":97323,"date":"2015-09-02T13:23:38","date_gmt":"2015-09-02T11:23:38","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=97323"},"modified":"2015-09-02T13:40:16","modified_gmt":"2015-09-02T11:40:16","slug":"top-millionaire-cities-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/97323\/top-millionaire-cities-in-south-africa\/","title":{"rendered":"Top millionaire cities in South Africa"},"content":{"rendered":"

Nearly 42% of all dollar millionaires in Africa were living in South Africa\u2019s top four cities in 2015, according to a report by global research company New World Wealth released on Wednesday.<\/p>\n

Johannesburg tops the list with the most millionaires (23,400), while Cape Town (8,900), Durban (2,700) and Pretoria (2,500) are all in the top 10, according to the report.<\/p>\n

There are about 163,000 millionaires living in Africa as of June 2015, with combined wealth holdings of $670 billion.<\/p>\n

Cairo in Egypt had the second most millionaires (10,200), while Lagos, Nigeria had the third most (9,100).<\/p>\n

Top\u00a020\u00a0millionaire cities in Africa<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\nCity<\/th>\nCountry<\/th>\nNumber of millionaires, 2015<\/th>\n<\/tr>\n
1<\/td>\nJohannesburg<\/td>\nSouth Africa<\/td>\n23 400<\/td>\n<\/tr>\n
2<\/td>\nCairo<\/td>\nEgypt<\/td>\n10 200<\/td>\n<\/tr>\n
3<\/td>\nLagos<\/td>\nNigeria<\/td>\n9 100<\/td>\n<\/tr>\n
4<\/td>\nCape Town<\/td>\nSouth Africa<\/td>\n8 900<\/td>\n<\/tr>\n
5<\/td>\nNairobi<\/td>\nKenya<\/td>\n6 200<\/td>\n<\/tr>\n
6<\/td>\nLuanda<\/td>\nAngola<\/td>\n4 900<\/td>\n<\/tr>\n
7<\/td>\nDurban<\/td>\nSouth Africa<\/td>\n2 700<\/td>\n<\/tr>\n
8<\/td>\nPretoria<\/td>\nSouth Africa<\/td>\n2 500<\/td>\n<\/tr>\n
9<\/td>\nCasablanca<\/td>\nMorocco<\/td>\n2 400<\/td>\n<\/tr>\n
10<\/td>\nAccra<\/td>\nGhana<\/td>\n2 300<\/td>\n<\/tr>\n
11<\/td>\nAlgiers<\/td>\nAlgeria<\/td>\n2 000<\/td>\n<\/tr>\n
12<\/td>\nAlexandra<\/td>\nEgypt<\/td>\n2 000<\/td>\n<\/tr>\n
13<\/td>\nPort Louis<\/td>\nMauritius<\/td>\n1 300<\/td>\n<\/tr>\n
14<\/td>\nWindhoek<\/td>\nNamibia<\/td>\n1 200<\/td>\n<\/tr>\n
15<\/td>\nGaborone<\/td>\nBotswana<\/td>\n1 200<\/td>\n<\/tr>\n
16<\/td>\nDar Es Salaam<\/td>\nTanzania<\/td>\n1 100<\/td>\n<\/tr>\n
17<\/td>\nAbidjan<\/td>\nCote D’Ivore<\/td>\n1 000<\/td>\n<\/tr>\n
18<\/td>\nAbuja<\/td>\nNigeria<\/td>\n1 000<\/td>\n<\/tr>\n
19<\/td>\nPort Harcourt<\/td>\nNigeria<\/td>\n900<\/td>\n<\/tr>\n
20<\/td>\nMombasa<\/td>\nKenya<\/td>\n700<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Accra in Ghana is set to see the biggest growth in millionaires in the next decade, with numbers forecast to increase from 2,300 in 2015 to 4,100 in 2025, the report shows.<\/p>\n

Nairobi (71% increase from 6,200 to 10,600) and Durban (48% increase to 4,000) are the next two cities with the highest projected growth.<\/p>\n

Top millionaire growth cities in Africa<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/th>\nCountry<\/th>\nMillionaires, 2015<\/th>\nMillionaires, 2025<\/th>\nGrowth<\/th>\n<\/tr>\n
Accra<\/td>\nGhana<\/td>\n2 300<\/td>\n4 100<\/td>\n78%<\/td>\n<\/tr>\n
Nairobi<\/td>\nKenya<\/td>\n6 200<\/td>\n10 600<\/td>\n71%<\/td>\n<\/tr>\n
Durban<\/td>\nSouth Africa<\/td>\n2 700<\/td>\n4 000<\/td>\n48%<\/td>\n<\/tr>\n
Lagos<\/td>\nNigeria<\/td>\n9 100<\/td>\n13 300<\/td>\n46%<\/td>\n<\/tr>\n
Pretoria<\/td>\nSouth Africa<\/td>\n2 500<\/td>\n3 600<\/td>\n44%<\/td>\n<\/tr>\n
Casablanca<\/td>\nMorocco<\/td>\n2 400<\/td>\n3 400<\/td>\n42%<\/td>\n<\/tr>\n
Luanda<\/td>\nAngola<\/td>\n4 900<\/td>\n6 900<\/td>\n41%<\/td>\n<\/tr>\n
Johannesburg<\/td>\nSouth Africa<\/td>\n23 400<\/td>\n32 600<\/td>\n39%<\/td>\n<\/tr>\n
Cape Town<\/td>\nSouth Africa<\/td>\n8 900<\/td>\n12 300<\/td>\n38%<\/td>\n<\/tr>\n
Alexandra<\/td>\nEgypt<\/td>\n2 000<\/td>\n2 700<\/td>\n35%<\/td>\n<\/tr>\n
Cairo<\/td>\nEgypt<\/td>\n10 200<\/td>\n13 600<\/td>\n33%<\/td>\n<\/tr>\n
Algiers<\/td>\nAlgeria<\/td>\n2 000<\/td>\n2 500<\/td>\n25%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Colin Grieve, chief representative officer at AfrAsia Bank, said African cities are emerging as epicentres of growth and opportunity.<\/p>\n

\u201c(They are) places where growing numbers of consumers with disposable income are congregating,\u201d he said.<\/p>\n

\u201cSuccessful entrepreneurs are seizing the opportunity to provide products and services to these expanding markets and in doing so, generating wealth for themselves and their communities.\u201d<\/p>\n

More on millionaires<\/h3>\n

This is South Africa\u2019s youngest multi-millionaire<\/a><\/strong><\/p>\n

A million new millionaires enter the world of the super-rich<\/a><\/strong><\/p>\n

How SA\u2019s multi-millionaires make their money<\/a><\/strong><\/p>\n

Fastest growing cities in SA for millionaires<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Nearly 42% of all dollar millionaires in Africa were living in South Africa\u2019s top four cities in 2015, according to a report by global research company New World Wealth<\/p>\n","protected":false},"author":35,"featured_media":74324,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26,6441,6440],"class_list":["post-97323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline","tag-millionaires","tag-new-world-wealth"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/97323","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\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=97323"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/97323\/revisions"}],"predecessor-version":[{"id":97333,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/97323\/revisions\/97333"}],"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=97323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=97323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=97323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}