Top 10 cities with most millionaires in africa and their. Africa's private wealth stood at approximately $2.

Top 10 cities with most millionaires in africa and their The cities of Mumbai, Dubai, and Paris complete the top ten, each offering unique advantages that attract affluent residents. South Africa continues to dominate Africa’s top 20 wealthiest cities, with six areas in the top 10. Dec 16, 2024 · Africa's 10 richest cities revealed - six are in the same country One country dominated the list, with one of its cities boasting the "richest square mile" on the continent. Sep 18, 2025 · Africa's richest cities and wealth capitals in 2025, from Johannesburg to Cairo. These countries are followed by Lagos, Nigeria (5,400), and Nairobi, Kenya (4,700). With the number of high-net-worth individuals projected Apr 21, 2023 · The “World’s Wealthiest Cities 2023” report released recently disclosed the top 10 African cities with the most substantial growth in their millionaire populations. There are approximately 15 million such individuals in the world. Durban, South Africa Durban, with $28 billion in private wealth and over 2,800 millionaires, is South Africa’s coastal gem. As Africa’s economy grows and its cities expand, extra millionaires prefer to dwell in determined urban areas. Thanks to rapid growth in the core sectors of tourism, finance, construction, and real estate, however, there’s an immense quantity of money tied up in some of Oct 16, 2024 · As Africa’s economy grows and its cities expand, more millionaires choose to live in certain urban areas. Mauritius, South Africa, and Namibia respectively rank top in high wealth per capita. Africa's private wealth stood at approximately $2. Discover the city with the most millionaires in Africa in 2025. Johannesburg, South Africa – 12,300 Johannesburg stands out as the city with the most US dollar millionaires in Africa, boasting 12,300 wealthy individuals. 1. Apr 14, 2025 · With 11 entries, American cities maintained their dominance on the list of the top 50 cities for millionaires, according to Henley & Partners’ World’s Wealthiest Cities Report 2025. Can you spot what that is? Another private jet touches down in Dubai as another millionaire decides to make the glittering metropolis their new home, joining the ever-growing population of ultra-wealthy who are redrawing the global map of prosperity. Jun 28, 2024 · Johannesburg, Cape Town and Cairo are Africa’s richest cities By city, Johannesburg remains the richest in Africa, with 12,300 millionaires. Here is the list of top ten cities with the highest concentration of millionaires in Africa. May 5, 2024 · Illustration of African millionaires Growing private wealth in Africa is transforming the continent's major cities into hubs for millionaires and billionaires, according to the latest Henley Egypt accounts for the largest number of billionaires. May 29, 2025 · The U. The report provides a comprehensive review of private wealth in Africa, including trends in high-net-worth individuals, luxury and wealth management, as well as expert insights on investing in . 5 trillion, the continent paints a picture of economic Jul 22, 2024 · Africa’s top five wealth markets—South Africa, Egypt, Nigeria, Kenya, and Morocco—account for 56% of the continent’s millionaires and over 90% of its billionaires. Discover the top 10 richest cities in Africa in 2025 by total wealth, key industries, millionaire population, and investment hotspots across the continent. Johannesburg is the African city with the most millionaires [expedia] Earlier this year, Henley & Partners conducted an analysis of New Apr 18, 2023 · Top millionaire hotspots New York City wears the crown as the world’s top city with the most millionaires in 2023. The Kingdom boasts 6,800 millionaires, 32 centi-millionaires, and 4 billionaires Jamie Oliver Net Worth 2025 Top 20 richest chefs in the world 2025 Top 20 richest TikTokers in the world 2025 Top 10 best millionaire books for entrepreneurs 2025 Top 10 best personal finance books 2025 Emma Watson Net Worth 2025 How to refinance a personal loan Apr 26, 2025 · There is a common thread that runs through seven of the top 10 wealthiest cities in the world in 2025. These High Fetch Price Folks with sources over $1 million, no longer counting their important homes are drawn to these cities. Oct 29, 2024 · These are the cities in Africa with the most millionaires. S. 7. Affluent areas like Umhlanga and La Lucia offer luxury living with ocean views. Exclusive data revealing the Top 10 wealthiest cities in Africa. Oct 16, 2025 · 7. The city’s economic strength is deeply rooted in its mining industry, particularly gold Mar 25, 2025 · Discover the richest cities in Africa ranked by GDP, number of millionaires, investment opportunities, and quality of life. Expert insights by Savory & Partners on Africa's wealthiest urban centers. Jun 28, 2024 · By city, Johannesburg remains the richest in Africa, with 12,300 millionaires. Apr 25, 2024 · According to the recent 2024 African Wealth Report SA cities and regions continue to dominate the top 10 wealthiest on the African continent. (1878 Views) Nigeria Ranks 4th On World Bank’s Borrowers’ List With $14. Learn where the rich live, the top industries, luxury neighborhoods, and how wealth is built. May 16, 2022 · The report, which provides a comprehensive review of the wealth sector in Africa, showed that South Africa is home to over twice as many millionaires (HNWls) as any other on the continent, whilst Egypt has the most billionaires on the continent. On a city level, Johannesburg remains Africa’s wealthiest city, with 12,300 millionaires, 25 centi-millionaires, and 2 billionaires. dollars 💵” Jun 13, 2024 · Growing private wealth in Africa is transforming the continent’s major cities into hubs for millionaires and billionaires, according to the latest Henley & Partners Africa Wealth Report. Feb 20, 2023 · In the top ten wealthiest cities in Africa, South Africa alone accounted for four cities (Johannesburg, Cape Town, Durban and Umhlanga, and Pretoria). Johannesburg saw a decline of 4%, as a large number of Johannesburg millionaires The top 10 cities in the World’s Wealthiest Cities Report 2024 are ranked by their number of resident millionaires with investable wealth of USD 1 million or more. 7 Billion in Their Suitcases – Country Ranks 8th Worldwide Over 1,200 millionaires are relocating to Greece in 2025, bringing €7. Apr 18, 2024 · Africa is home to some of the most exclusive, expensive, and sought-after real estate markets across the continent. 11. Positioned at the crossroads of Europe Dec 22, 2022 · Lagos has been named the fourth richest city in Africa, with 6,300 persons worth over $1 million and three residents worth more than $1 billion. Mar 29, 2023 · The report indicates that Africa's 'Big 5' wealth markets, namely South Africa, Egypt, Nigeria, Kenya, and Morocco, together make up 56% of the continent's high-net-worth individuals (HNWIs) and Four of Africa's Top 10 wealthiest cities are in South Africa — Johannesburg has the most millionaires in Africa, with 14,600, Cairo, in 2nd place with 7,400 resident HNWIs, is just ahead of Cape Town, which has 7,200. Here's where to find them. Luanda is also well placed in 12th place, as is Dar Es Salaam in 16th. In this article, we will talk about the top 10 richest cities in Africa in 2023. It is known for its markets, film activities and large communities. Mar 21, 2023 · Nigeria's commercial city, has been ranked high in the list of cities in African with the highest number of dollar millionaires, billionaires in a new report. But it's not just South Africa's cities that are booming - Lagos, Nairobi, and Cairo are also hotspots for millionaires. - Politics - Nairaland Nairaland Forum / Nairaland / General / Politics / Top 10 African Cities With The Most Millionaires In 2022, Lagos Ranks 4th. Mar 28, 2025 · Unveiling South Africa's Wealthiest City: Explore the Place with the Highest Number of Millionaires. 5 trillion in investable assets as of end-2023, with around 135,200 millionaires and 21 billionaires calling the continent home. May 23, 2025 · The United States continues to lead the global millionaire map in 2025, with 11 cities featured in the Top 50 Cities for Millionaires, according to the latest World’s Wealthiest Cities Report by Henley & Partners and New World Wealth. ‘Millionaires’ or ‘high-net-worth individuals’ refer to individuals with investable wealth of USD 1 million or more. May 24, 2025 · The United States continues to lead the global millionaire map in 2025, with 11 cities featured in the Top 50 Cities for Millionaires, according to the latest World’s Wealthiest Cities Report by Henley & Partners and New World Wealth. Find out the Wealth Hotspot Now! 5 days ago · 1,200 Millionaires Heading to Greece with €7. These areas offer access to better infrastructure, business opportunities, and a higher standard of living. 5 trillion, the continent paints a picture of economic dynamism. The growth in number of millionaires has seen fast-expanding cities on the continent creating larger markets for businesses. Can you guess which cities those are - and in what order? Sep 20, 2022 · Top 10 African Cities With The Most Millionaires In 2022, Lagos Ranks 4th. This report initially featured the top 50 cities for centi-millionaires but had a special section titled “Africa Spotlight,” which highlighted these Moroccan cities. Sep 13, 2025 · The report which is a comprehensive review of Africa’s private wealth, along with a ranking of the wealthiest countries and cities in the continent and offers crucial insights into the distribution of private wealth in Africa and emerging trends. These cities not only serve as hubs for wealth creation but also influence global economic trends. Johannesburg Johannesburg tops the list with 12,300 millionaires. “Top 10 African cities with the most millionaires (multi-millionaires) and billionaires in U. May 7, 2024 · Featuring exclusive data including the world’s Top 50 wealthiest cities, and accompanied by expert insights, this informative report published annually by Henley & Partners in partnership with New World Wealth is a must-read for followers of private wealth and investment migration trends — from high-net-worth investors and their advisors, to wealth professionals, and policy makers looking Apr 5, 2023 · Investment migration consultancy Henley & Partners has published its annual ranking of African cities with the most wealthy residents in its Africa Wealth Report, in collaboration with New World Wealth. Here is the list of the top 10 wealthiest cities in Africa in terms of the number of dollar millionaires (high-net-worth individuals or HNWIs), according the Henley & Partners 2024 Africa Wealth Report. Understanding the factors that contribute to their wealth Mar 24, 2023 · Along with that, there is a list of the wealthiest cities in terms of the continent's millionaires. Apr 6, 2025 · San Francisco, with its tech-centric economy, and Los Angeles, known for entertainment, further enhance the list. See full list on makemoney. Feb 16, 2023 · Cape Town is one of the wealthiest cities in Africa and the entire world because of its booming real estate investment, financial services, and retail sectors. Discover why Greece ranks 8th globally for HNWIs seeking safety, lifestyle, and investment opportunities. In the report which was jointly presented by well-known consultancies, New World Wealth and Henley Partners, South Africa is the most prominently featured country, in this list of countries having the highest number of cities Apr 9, 2025 · From sparkling metropolises to coastal enclaves, these are the top 10 richest cities in the world. Notes: The 10 wealthiest cities in the world are ranked by their number of resident millionaires. With 135,200 millionaires, 342 centi-millionaires, and 21 billionaires collectively holding investable wealth totaling $2. Allow us to glimpse on the cease cities in Africa the build many millionaires are gathering, exploring Apr 2, 2025 · Here’s where the world’s wealthiest choose to live. Apr 24, 2024 · GROWING private wealth in Africa is transforming the continent's major cities into hubs for millionaires and billionaires, according to the latest Henley & Partners Africa Wealth Report. Mar 28, 2023 · Four of Africa’s Top 10 wealthiest cities are in South Africa — Johannesburg has the most millionaires in Africa, with 14,600, Cairo, in 2 nd place with 7,400 resident HNWIs, is just ahead of Cape Town, which has 7,200. At the city level, Johannesburg holds its place as the wealthiest in Africa, with 12,300 millionaires, 25 centi-millionaires, and 2 billionaires. The report, compiled by Henley & Partners and New World Wealth, highlights African cities with the highest number of millionaires, centi-millionaires (individuals worth over $100 million), Africa is home to some of the world’s largest and most dynamic cities. Collectively, these urban centres are home to 135,200 millionaires, 342 centi-millionaires with fortunes exceeding US$100 million, and 21 billionaires. ng Apr 29, 2024 · Here are the top richest cities in Africa, ranked by the number of resident millionaires, revealing a diverse tapestry of wealth and economic dynamism across the continent. Apr 16, 2024 · Africa boasts some of the world’s largest and most dynamic cities, where significant economic growth and urban development have led to the emergence of several wealthy hubs with a high concentration of millionaires, also known as high-net-worth individuals (HNWIs). Durban’s warm climate and scenic beaches attract both tourists and investors. 3billion Debt / Lagos Ranks 133rd Among World’s Most Polluted Cities – IQAir / The Sep 20, 2025 · Find out the Top 10 Richest People in South Africa in 2025, whats their networth, industry of business, age, education and family. 13 hours ago · Many visitors approach it for hiking or for viewing sessions from surrounding routes. Nov 28, 2024 · African millionaires tend to reside in major cities and economic hubs across the continent. This growing prominence in the Apr 16, 2024 · The Africa Wealth Report 2024 is a comprehensive review of the wealthiest countries and cities in Africa and provides expert insights and exclusive wealth data. The four Southern African cities topped the list with a combined SOUTH Africa has emerged as the standout nation in Africa’s latest wealth rankings, with six of its cities dominating the continent’s top 10 list of the richest urban centres. Additionally, the city is home to approximately 150,000 millionaires who make Cape Town their base of operations. Mar 28, 2023 · South African cities continue to dominate the Top 10 wealthiest cities in Africa by the number of resident dollar millionaires. Top 10 Richest Cities In South Africa 1. Positioned at the crossroads of Europe Oct 20, 2023 · VIDEO: Springbok Eben Etzebeth surprises fans with vocal skills Here is the list of The 10 Most Expensive Cities for Centi-Millionaires in Africa: Oct 29, 2024 · These are the cities in Africa with the most millionaires. The Apr 18, 2024 · Morocco is among the leading countries on the continent in terms of wealth accumulation, securing the fifth position in the Africa Wealth Report for 2024 (9th Edition), published by the international consulting firm Henley & Partners in collaboration with the financial information company New World Wealth. Oct 12, 2023 · A recent report by Henley & Partners has placed Marrakech, Tangier, and Casablanca among the top 10 most expensive cities in Africa for centi-millionaires. 7 billion in liquid assets. Its economy revolves around tourism, shipping, and real estate, supported by Africa’s busiest port. Apr 22, 2024 · Business Insider Africa presents 10 wealthiest cities in Africa in 2024 The list is courtesy of Henley & Partners Johannesburg holds its place as the wealthiest in Africa, with 12,300 millionaires, 25 centi-millionaires, and 2 billionaires. Often referred to as the “City of Gold,” Johannesburg is a dynamic and economically vibrant metropolis located in Gauteng province. In the aforementioned report, a focus on Africa shows the most expensive cities for these centi-millionaires, and below are the ten cities listed. Johannesburg: 12,300 HNWIs Johannesburg is home to the Johannesburg Stock Exchange, the largest stock exchange in Africa by some margin and one of the world’s top 20 Oct 3, 2023 · Africa’s millionaire population is expected to rise by 42 per cent over the next 10 years driven partly by the growth of cities, according to Knight Frank Wealth Report 2023 will hit 195,000 by 2032. The world’s 3,028 billionaires are spread across more than 800 cities around the globe, from Feldmeilen, Switzerland to Ezulwini, a small Jun 4, 2025 · There is a common thread that runs through seven of the top 10 wealthiest cities in the world in 2025. Apr 17, 2024 · South African cities continue to be the most popular cities in Africa for millionaires to live in, making up six places in the top ten. 2K likes, 779 comments. Known as the economic powerhouse of South Africa, Johannesburg’s wealth Apr 30, 2024 · Illustration of African millionaires Growing private wealth in Africa is transforming the continent's major cities into hubs for millionaires and billionaires, according to the latest Henley Oct 27, 2024 · As Africa’s financial system grows and its cities lengthen, extra millionaires make a choice to dwell in sure city areas. The list of the top 10 cities begins with three South African cities Jan 15, 2024 · Here are the SA cities that continue to dominate the Top 10 wealthiest cities in Africa by the number of resident dollar millionaires. Johannesburg, South Africa Johannesburg, often referred to as the “City of Gold,” is not only South Africa’s largest city but also its most affluent. Apr 29, 2024 · Africa stands as a hub of growing cities and untapped potential, showcasing a wealth narrative driven by aspiration. South Africa's stronghold on Africa's wealth is solidified as Johannesburg takes the top spot, followed closely by Cape Town. Top 10 Wealthiest Cities in Africa in 2024 May 9, 2021 · Nairobi is the wealthiest and most visited city in East Africa. Johannesburg The richest city in South Africa is Johannesburg, and it is said to be home to over 14,500 millionaires. The latest Africa Wealth Report by New World Wealth reveals there are now just over 160,000 millionaires in Africa. What's behind the continent's growing wealth and how will it shape the future of Africa's economy? Explore the ranking of the most developed cities in Africa, based on indicators like digital transformation, technology, economic development, and sustainability. From the World’s Wealthiest Cities Report 2023 by Henley & Partners, we map out the top 20 metro areas around the world where the most millionaires live. List of top 10 countries South Africa (37,800) Egypt (16,100) Nigeria (9,800) Kenya Jul 29, 2024 · According to the 2024 Africa Wealth Report, these cities are not only centers of wealth but also pivotal to the continent’s ongoing economic transformation. has more millionaires than any other country, by far, Henley & Partners reports. Nov 26, 2024 · The growth in number of millionaires has seen fast-expanding cities on the continent creating larger markets for businesses. South African Johannesburg and Cape Town have taken the first and the third places with 14,600 and 7,200 millionaires respectively, second place has been occupied by Cairo, the capital of Egypt, having 7,200 of them. Johannesburg is the African city with the most millionaires [expedia] Earlier this year, Henley & Partners conducted an analysis of New Dec 5, 2024 · Africa stands as a hub of growing cities and untapped potential, showcasing a wealth narrative driven by aspiration. Sep 2, 2023 · Africa’s millionaire population is expected to rise by 42 percent over the next 10 years driven partly by the growth of cities, according to Knight Frank Wealth Report 2023 reaching around Jun 4, 2024 · While Johannesburg, Cape Town and Casablanca remain among the top 10 cities with the most millionaires in dollars, Grand Baie, Kigali and Marrakech have seen the strongest increase in ultra-rich inhabitants over the last decade. The top ten cities came from Southern Africa (four cities), Northern Africa (two cities), and West Africa (two cities), while Central Africa and East Africa have a city each. Interestingly, from 2000 to 2013, the number of millionaires on the continent grew by more than 145 percent, compared to the worldwide growth rate of 73 percent. Pretoria has 2,100 people worth at least $1 million, five people worth at least $100 million, and one worth more than $1 billion. Apr 17, 2024 · South Africa's administrative capital Pretoria rounds out top 10 cities, or districts, with the highest number of HNWIs. These Excessive Catch Value Folks with sources over $1 million, now now not counting their main homes are drawn to these cities. Read more in the Africa Wealth Report 2025. Cairo (7,200 millionaires), Nairobi (4,400), and Lagos (4,200) are also notable metropolitan wealth hotspots. Many wealthy people prefer to live in cities with powerful financial markets, rich cultures, and many ways to make money. In recent years, most of the ‘new millionaires’ Apr 29, 2024 · Growing private wealth in Africa is transforming the continent's major cities into hubs for millionaires and billionaires, according to the latest Henley & Partners Africa Wealth Report. Measuring private wealth can help put the financial health and economic activity of some of the world’s wealthiest cities in perspective. Cities with many millionaires show how well international economies function alongside their innovation potential and investment choices. It boasts an impressive count of approximately 12,300 millionaires, positioning it as Africa’s wealthiest city. Cape Town follows closely after with 7,400 millionaires, 28 centimillionaires, and one billionaire. Mar 21, 2025 · In fact, the continent's top 10 cities account for over 40% of all African millionaires. It has earned this nickname due to its historical association with the discovery of gold in the Oct 11, 2023 · Only 28,420 centi-millionaires exist in the world (as of June 2023), making this an extremely exclusive club. Dec 17, 2023 · Richie Rich’s town of residence Harveyville may not exist, but the world’s real-life millionaires are congregating in hotspots around the globe. Let us leer at the tip cities in Africa the do aside many May 14, 2024 · As the following chart shows, South Africa had the highest number of so-called high net worth individuals (HNWIs) with 37,400 millionaires, 102 centi-millionaires and 5 billionaires. In simple terms, Ethiopia has 2,700 millionaires, four centi-millionaires and one billionaire, thanks to its rapidly developing industrial sector and foreign investments. Let's dive into the fascinating world of Africa's wealthiest urban centers. The growth of millionaires in Africa will be driven by a mix of cities drawn from the North, East, and South of the continent, pointing to a more balanced trajectory. Feb 16, 2024 · However, it is one of the top 10 countries with the most millionaires in 2023. Here are the top 10 cities with the most millionaires in Africa. In this guide, we break down the 10 richest cities in Africa as of 2025, based on GDP estimates, millionaire count, and key economic sectors fueling their growth. These High Net Worth Individuals with assets over $1 million, not counting their main homes are drawn to these cities. There are about dollar 6200 millionaires living in the city. Four of Africa’s top 10 wealthiest cities are in South Africa. Apr 30, 2024 · Illustration of African millionaires Growing private wealth in Africa is transforming the continent's major cities into hubs for millionaires and billionaires, according to the latest Henley From oil-rich ports to tech-driven metropolises, certain African cities have become financial powerhouses that drive national and continental development. Nigeria, Morocco and Kenya round out the “Big Five” wealth markets, together hosting most of the rest. The highlight clearly goes to South Africa, which managed to place five cities (or regions) in the top ten. Millionaire figures are rounded to the nearest 100. Aug 3, 2025 · The worlds richest people are on the move — and theyre heading for safe havens with tax perks, top-tier schools, and investor-friendly policies With rising global investments in Africa, many cities are becoming major financial hubs. Apr 7, 2025 · Top 10 Richest Cities in Africa 1. Multiple Residences: Many African HNWIs maintain homes in multiple locations – a primary residence in their business city, vacation properties in tourist destinations, and often international residences in places like London, Dubai, or Paris. Here is Apr 4, 2023 · Investment migration consultancy Henley & Partners has published its annual ranking of African cities with the most wealthy residents in its Africa Wealth Report, in collaboration with New World Sep 12, 2018 · Over the past decade, all listed cities – except for Johannesburg – saw growth in their millionaire numbers. Read also: 10 wealthiest cities in Africa with the most millionaires Lagos Lagos remains Nigeria’s largest urban area despite the formal capital shifting to Abuja in 1991. See where wealth thrives the most! Jun 14, 2022 · Africa is often thought of as a continent full of poverty, but this simply isn’t true as we would look at the top 10 wealthiest cities in Africa and our previous article also shows that Africa is indeed a blossoming continent. Seven of the World’s Top 10 cities listed are in countries that host formal investment migration programs and actively encourage foreign direct investment in return for residence or citizenship rights. With the number of high-net-worth individuals projected Explore the wealthiest neighborhoods in South Africa, from the luxurious suburbs of Cape Town to the economic hubs of Johannesburg, and discover the factors driving their prosperity. Aug 28, 2023 · African countries are famous for their beautiful landscapes and rich culture. Also in the top five are Cape Town (7400), Cairo (7200), Nairobi (4400) and Lagos (4200). The 10 wealthiest cities and areas in Africa are listed below, ranked by their number of resident millionaires (high-net-worth individuals, HNWIs). Aug 29, 2025 · Top 15 African Countries Key Insights Concentration in a few hubs: South Africa and Egypt alone account for over 46,000 millionaires, roughly 63% of Africa’s millionaire population. Apr 18, 2024 · Which Are the Richest Cities in Africa? As for the top cities with the largest number of millionaire residents, the Africa Wealth Report 2024 lists 20 cities across the African continent where millionaires lived as of December 2023. rzdte oqlhz dmf ynrc gmdkm cnid attlepx chuwsh ymxx duhhzxo qupad ppqcx vrjrf ajxxc yalyyftw