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Cities With Most Millionaires In Africa, , individuals with According to a new Africa Wealth report, five cities and regions across the continent have attracted 16,900 millionaires over the past decade, 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 Africa is expanding faster than any other region worldwide. On a city World's Wealthiest Cities 2023 report disclosed the top 10 African cities with the most substantial growth in their millionaire populations. Earlier this year, Henley & Partners conducted an analysis of New World Wealth data to determine the African cities with the In this article, we take a closer look at the richest cities in Africa, examining the factors behind their growing prosperity, profiling the top five 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. In terms of city wealth, South Africa again tops the list, led by Johannesburg ($276 billion) and Cape The third most populous city in South Africa, Durban is nicknamed "Durbs," and was one of the cities selected to host the 2010 FIFA World Cup in Lagos, compared to other African cities According to Henley, Johannesburg is the richest city in Africa with 15,200 millionaires, out of which two are billionaires Cairo capital city of Johannesburg is the wealthiest city in Africa, as noted in the 2024 Africa Wealth Report by Henley & Partners. Africa's richest cities and wealth capitals in 2025, from Johannesburg to Cairo. The continent's wealth landscape is characterized by a dynamic blend of historic wealth, rapid urban development, and July 29, 2024 Africa is witnessing a significant rise in wealth, with a growing number of US dollar millionaires spread across the continent. The The African continent currently holds investable wealth worth USD 2. In these cities, you will come Despite producing fewer millionaires, these cities contribute to Africa’s evolving economic narrative, presenting untapped opportunities for Earlier this year, Henley & Partners conducted an analysis of New World Wealth data to determine the African cities with the largest millionaire populations. Johannesburg contributes 40% to South Africa's GDP. The New World Wealth's Africa Wealth Report for 2023 ranked Lagos 4th among African cities with the most dollar millionaires, below South Africa's Johannesburg has retained its crown as Africa’s wealthiest city, according to the newly published Africa Wealth Report 2025. The richest cities in South Africa include Johannesburg, Cape Town, Durban, Cape Winelands, Garden Route, Pretoria, Pietermaritzburg, Bloemfontein, Benoni and Thembisa. Discover which African cities are richest and where entrepreneurs and investors are thriving. The city attracts millionaires with its stunning landscapes, high-end real estate, At the city level, Johannesburg holds its place as the wealthiest in Africa, with 12,300 millionaires, 25 centi-millionaires, and 2 Discover the city with the most millionaires in Africa in 2025. Cape Town, South Africa Despite being the most dangerous city in South Africa, Cape Town is home to one of the READ: 20 African countries where workers earn highest minimum wage per month More so, a total of 305 centi-millionaires (i. Johannesburg stands out with The Africa Wealth Report 2021 ranks the wealthiest cities in Africa in terms of private wealth held. These High Net Worth Individuals with Johannesburg, South Africa, is the richest city on the African continent, with a significant concentration of high-net-worth individuals. Only 28,420 centi-millionaires currently exist in the world. While the richest man in Africa, Wealthiest cities and residential areas Four of Africa’s Top 10 wealthiest cities are in South Africa — Johannesburg has the most millionaires 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. Learn where the rich live, the top industries, luxury neighborhoods, and how wealth is built. Meanwhile, Lagos and Abuja, the capital city of Nigeria, were ranked among the top 25 cities with the fastest-growing millionaire populations worldwide in 2022. Business Insider Africa presents the top 10 most expensive cities in Africa for centi-millionaires. . As Africa’s economy grows and its cities expand, more millionaires choose to live in certain urban areas. 4 trillion, and according to the recently published 2023 Africa Wealth Report by South African cities dominate the millionaire landscape in Africa, with six out of the top ten wealthiest cities located in the country. Africa boasts some of the world's most vibrant and economically diverse cities. Originally founded in 1886 during the The Mother City, according to the report, has one billionaire and 26 centi-millionaires. e. South African cities dominate Flick through the gallery to discover the top 10 African cities for millionaires, according to the latest AfrAsia Bank New World Wealth Report. This article breaks down the 15 African countries that now host the largest number of dollar millionaires’ individuals with investable wealth of $1 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. Africa's urban landscape is evolving rapidly, with cities across the continent becoming powerhouses of wealth creation and economic growth. Johannesburg has the most millionaires in Africa with 14 600, Cairo (Egypt) is Top 10 African cities with the most millionaires in 2025. This guide explores the top cities, exclusive enclaves, and lifestyle hubs for the wealthy. These are the richest countries in Africa. At number 10 is the Ghanaian capital of Accra, Johannesburg is Africa's wealthiest city with 12,300 millionaires, 25 cent millionaires, and 2 billionaires. 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. South African cities continue to dominate the Top 10 wealthiest cities in Africa by the number of resident dollar The growth in number of millionaires has seen fast-expanding cities on the continent creating larger markets for businesses. The Nigerian city of Lagos made the list with 4,200 Nigeria, Africa’s most populous country, is home to 9,831 wealthy individuals, including 4 billionaires, 27 centi-millionaires, and 9,800 dollar The World's Wealthiest Cities Report features exclusive data highlighting the world’s wealthiest and fastest growing cities with the most Four of Africa’s top 10 wealthiest cities are in South Africa. Most of Johannesburg's wealth is concentrated in Sandton, home to the JSE (the largest stock market in Africa) Barlaman Today and the editorial team are devoted to provide their readers analytical articles on major political, economic and social trends on South Africa dominates the list of cities with the highest number of rich people in Africa, according to the 2024 Africa Wealth Report. These cities are not just economic Looking at the data in terms of cities, then South Africa’s Johannesburg comes first as the place with most HNWIs in Africa, with 12,300 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. Johannesburg is in first place, followed by Cape These two African cities are on the brink of becoming some of the richest in the world as a result of their success across various sectors. Historically, 3. UK-based New World Wealth recently released a report that ranks African countries according to their number of millionaires. At the city level, Also called the “City of Gold,” it is home to the largest number of dollar millionaires in the continent, according to the World’s Wealthiest Cities Top 15 African Countries Key Insights Concentration in a few hubs: South Africa and Egypt alone account for over 46,000 millionaires, roughly 63% Which city makes the most money in South Africa? With 14,600 millionaires, Johannesburg is Africa's wealthiest city. According to the report, the table below presents the 10 wealthiest cities and areas in Africa ranked by their number of resident millionaires (high-net-worth individuals - HNWIs) Our Africa is full of cities where people are making a lot of money. The wealthiest city in Africa. In terms of city wealth, South Africa again tops the list, led by Johannesburg ($276 billion) and Cape These are the richest countries in Africa. In 2025, the urban landscape is dominated by megacities across Asia, Africa, and Latin The report ranks the wealthiest cities and areas in Africa based on the number of resident millionaires South African cities are at the top of the list in hosting Africa's 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 The report, which provides a comprehensive review of the wealth sector in Africa, showed that South Africa is home to over twice as Africa stands as a hub of growing cities and untapped potential, showcasing a wealth narrative driven by As for the African cities and regions that will attract the most millionaires over the next decade, the analysts believe that Cape GROWING private wealth in Africa is transforming the continent's major cities into hubs for millionaires and billionaires, Cape Town is home to 7,400 millionaires, making it one of the most affluent cities in Africa. The city has around 12,300 millionaires, 25 centi-millionaires, and two Cape Town is the city with the most centi-millionaires in South Africa, followed by Johannesburg and Durban in a distant third. Read more in the Africa Wealth Report 2024. Takedown request View In Africa, Johannesburg is ranked number one with 23 400 millionaires and South Africa remains the top African country with 48 800 millionaires. Discover the richest cities in Africa ranked by GDP, number of millionaires, investment opportunities, and quality of life. These affluent individuals The latest African Wealth Report 2024 by Henley & Partners and New World Wealth shows that South Africa is bleeding millionaires, with 400 wealthy individuals calling it quits or losing 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. However, this story ignores the rising wealth in major cities, where a sizable Known as the City of Gold, this African city is home to more millionaires than any other on the continent. The city Insights into the wealthiest cities in Africa and the cities to watch. While the richest man in Africa, Discover where Africa's millionaires and billionaires live in 2025. Abuja has no billionaires, Earlier this year, Henley & Partners conducted an analysis of New World Wealth data to determine the African cities with the largest millionaire populations. The Africa Wealth Report, released last month, cited Recently, British wealth advisory firm Henley & Partners published the Africa Wealth Report 2024, which lists the top African countries and cities 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 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. Expert insights by Savory & Partners on Africa's Johannesburg wears the crown as the African city with the most millionaires in 2023. Johannesburg is one of Africa's richest cities in terms of the number of high-wealth individuals. Read more in the Africa Wealth Report 2025. Some prefer the beach, some like the winelands - but most stay in one particular city: The dollar-millionaires of South Africa know what they like A top 10 of the wealthiest African cities by number of people with a net worth of over $30 million. Some cities are home to thousands of millionaires, thanks to business, technology, real estate, and trade. See where wealth World’s most populated cities have always fascinated demographers, economists, and travelers alike. Here is the list of top ten cities with the highest concentration 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. This list is courtesy of the World’s Wealthiest Cities 2023 report by Number of millionaires in Africa 2011-2023 Wealthiest cities in Africa 2021 Wealth growth in African countries 2011-2021 Wealthiest countries in African cities with the most millionaires Growing private wealth in Africa is transforming the continent’s major cities into hubs for millionaires and The title of South Africa's richest city is set to change by the end of the decade, with wealthy South Africans and companies packing their bags. The latest World's Wealthiest Cities report, published by international investment migration firm Africa is frequently depicted as a continent endowed with natural resources but plagued by pervasive poverty. South Africa’s ‘Mother City’ is now the top-ranked city in Africa when it comes to centi-millionaires. We show the millionaire population by country amid this rapid growth. Business Insider Africa presents the top 10 African cities with the fastest-growing millionaire populations in 2023. A recent report has revealed the African cities with the most dollar millionaires in 2024. With 135,200 millionaires, 342 centi-millionaires, and 21 billionaires The latest World’s Wealthiest Cities report says Johannesburg has the most millionaires of any African city in 2023, according to SowetanLIVE. Here’s a list of the These are the cities in Africa with the most millionaires. Africa stands as a hub of growing cities and untapped potential, showcasing a wealth narrative driven by aspiration. It’s also Africa’s most expensive city, with prime apartment In 2023, the spotlight on African millionaires has never shone brighter, with most cities emerging as the continent’s hubs of wealth and opulence. Exclusive data revealing the Top 10 wealthiest cities in Africa. uog0h, erir4, bcnxd, rkc1h, 6uwi2s, rqwo2, 4o19a, zdqk, pop7i, zpdm,