Richest city in africa The city of Johannesburg, established during the Witwatersrand Gold Rush of 1886, holds the title of being the richest city in Africa. Feb 1, 2025 · Western Cape is South Africa’s richest province, with highest household income and expenditure. 2. South Africa's biggest city held 239 billion U. 185. Located at the base of Table Mountain and right on the Atlantic Ocean, Cape Town has it all. Cape Town follows with 7,400 millionaires, 28 centi-millionaires, and 1 billionaire. Africa’s two wealthiest cities are in South Africa. Cape Town, South Africa — 7,400 millionaires. Jan 26, 2024 · According to the real estate company Seeff Property Group, nine of South Africa’s most expensive suburbs are in Cape Town, with only one suburb representing Johannesburg, making Cape Town the place to be for those with deep pockets. What is the wealthiest part of Africa? Africa is frequently depicted as a continent endowed with natural resources but plagued by pervasive poverty. Feb 6, 2018 · Johannesburg, South Africa's biggest city, is located within the Gauteng province. Henley Global’s “The Africa Wealth Report”, breaks down the African cities with the most millionaires, centi-millionaires (individuals with $100 million or more), and billionaires. The city is home to 12,800 millionaires, 25 centi-millionaires with fortunes exceeding £100 million, and two billionaires. The city is home to a string of beautiful beaches and a plethora of natural attractions like climbing to the top of Lion's Head to view the sunrise or hiking in Table Mountain National Park. Jan 21, 2019 · South Africa was placed as the most developed nation on the continent, with four of Africa's ten richest cities. Cape Town is not just a tourist hotspot but also a thriving economic hub. It is the city with the highest concentration of millionaires and centi-millionaires in the country. 4 trillion Dar es Salaam, Tanzania’s colonial city, boasts of 1,200 richest individuals, while Kigali, Rwanda, one of the fastest-growing cities in Africa, has 800 high-net-worth individuals. The reports evaluate Feb 16, 2023 · Additionally, the city is home to approximately 150,000 millionaires who make Cape Town their base of operations. Similar articles are available on the Stats SA website and can be accessed here. Its US$128 billion wealth comes is generated from financial services, telecoms, retail, tourism and basic materials. 14:37, Feb 8, 2024 · The city of Johannesburg, established during the Witwatersrand Gold Rush of 1886, holds the title of being the richest city in Africa. The spot has a long Rank Country GDP (PPP) per capita (2023 int'l dollars) [1]; 1 Seychelles 41,180 2 Mauritius 29,882 3 Libya 24,196 4 Botswana 19,260 5 Gabon 18,862 6 Equatorial Guinea 18,395 7 Aug 20, 2021 · Sandton, Africa’s ‘Richest Square Mile,’ Offers a Wide Range of Luxury Homes and a Bustling Economy. According to the report, South Africa is still the richest country in Africa, with the high net worth (HNWI) population of 39,200 people holding the most wealth at […] Apr 30, 2024 · Nigeria is the second largest economy in Africa per Nominal GDP behind South Africa. The total wealth of Cairo is more than $140 billion. The top 10 wealthiest cities in Africa, including Johannesburg, Cape Town, Cairo, Lagos, Durban, Nairobi, Abuja, Pretoria, Casablanca, and Accra, are driving economic growth and development on the continent. 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 exchanges. Many countries in the continent are developing and undeveloped. TheRichest. Jan 6, 2025 · The South African city, which is listed as Africa's richest city, owing to its high concentration of businesses and high-net-worth-individuals, aims to fix its infrastructure issues to the tune of 221 billion rand ($12 billion). Kigali is also ranked the twentieth of all the top twenty wealthiest cities in Africa. The city ranked 137 globally in the top 1,000 cities and 4th in Africa, with a ranking score of 5. Aug 30, 2023 · The richest city in South Africa would have to be Johannesburg. Mar 25, 2025 · Discover the richest cities in Africa ranked by GDP, number of millionaires, investment opportunities, and quality of life. The city has a vibrant tech startup scene, a robust financial sector, and a growing creative industry. Apr 23, 2024 · Nairobi Kenya, Lagos Nigeria, Accra Ghana, Cape Town South Africa, Luanda Angola, Cairo Egypt, Pretoria South Africa, Johannesburg South Africa, Durban South Jul 26, 2024 · About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright Feb 8, 2022 · The Statista Global Business Cities has identified and ranked the top business cities in Africa, with Egypt's Cairo coming out on top of the cities selected for analysis. South African cities ranks as the top richest cities on the continent, with Johannesburg and Cape Town holding the most HNWI wealth among the major cities covered Jul 19, 2023 · The wealthiest cities in Africa provide the most potential for investment and capital growth because they create markets for purchasing and selling goods on the continent. It’s home to 8,200 HNWIs, 440 multi-millionaires and 29 centi-millionaires. Johannesburg, South Africa 2. Dec 16, 2024 · The top 10 wealthiest cities in Africa have been revealed, and one country dominates the list. Here are the top ten richest cities in Africa in 2023 Jun 27, 2024 · The most millionaires in South Africa are located in Johannesburg. Lagos, Nigeria. The country led the ranking of wealthiest nations in Africa. Jul 22, 2024 · On a city level, Johannesburg remains Africa’s wealthiest city, with 12,300 millionaires, 25 centi-millionaires, and 2 billionaires. Conclusion. Like most cities around the world, the wealthiest have exclusive neighbourhoods. Wealthy cities in Africa are usually major financial and commercial hubs, as well as popular tourist destinations. The largest city in Africa in terms of its overall population and the economic hub of West Africa, Lagos, is home to over half of Nigeria’s high-net-worth May 6, 2020 · Op be deceiving yourself there and consoling yourself with lies. The BRT provides reliable, affordable public transport while reducing CO2 emissions and serving 45,000 commuters daily with Oct 4, 2018 · South Africa still boasts the main concentration of wealth in Africa, but no longer the only one. FAQS for Most expensive cities to live in Africa. May 9, 2021 · 5. Image: /Wanted In Africa/ The Port of Lagos is one of the busiest ports in Africa. 2 million people, hosts 14,600 high net-worth individuals. Mar 12, 2022 · Number 5 on the rundown goes to Durban with 3400 Millionaires and 210 Multi-millionaires, being the most active city in South Africa and the third richest city in the country with an estimated wealth of US$5. Apr 16, 2023 · Say Egypt and thoughts immediately turn to the Nile, Pyramids, and a certain cat-eyed consort of Julius Caesar. Furthermore, this wealth brings about a vibrant city experience with opportunities to explore the luxurious Sandton district. has a significant trade between imports and exports because it is one of Africa's busiest and largest ports. With an average of 4,200 high-profile personalities, including figures like Tony Elumelu, Femi Otedola, Mike Adenuga, and Aliko Dangote, the city boasts a thriving community of affluent individuals. Both Durban and Umhlanga are two of the quickest developing towns in the country throughout the most recent ten years. According to the 2024 Africa Wealth Report by Top 10 Richest Cities in Africa 1. As one of the richest cities in Africa, Johannesburg has a high infrastructural strength, including well-developed road networks, highways, and public transport like Rea Vaya Bus Rapid Transit. Joburg is the richest city in South Africa with M Oct 29, 2024 · By 2030, Cape Town is expected to overtake Johannesburg as the richest city in Africa, making it a preferred retirement destination for the European and African wealthy. Apr 16, 2024 · The city’s diverse economy spans finance, mining, manufacturing, technology, and services. Africa’s 22 billionaires saw their fortunes rise to a total of $105 Apr 5, 2023 · The city of Johannesburg, established during the Witwatersrand Gold Rush of 1886, holds the title of being the richest city in Africa. It is also one of the cleanest cities in Africa. Related: Top 10 Richest Football Clubs in Africa Nov 9, 2023 · Africa, the cradle of humanity, abounds with resources and youth, yet grapples with economic challenges. It boasts an impressive count of approximately 12,300 millionaires, positioning it as Africa’s wealthiest city. Johannesburg tops the list, followed by Cairo, Cape Town, Lagos, and Nairobi. See the full ranking and the future millionaire-magnet cities and regions in Africa. 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. Sign in now. The report provides a comprehensive review of African private wealth, including trends in high-net-worth individuals, luxury, and wealth management, as well as expert insights on Jan 9, 2023 · The city’s estimated net worth is about $35 billion in the nation owing to the huge amount of wealthy people residing in the city. Earlier on TUKO. Normally. Johannesburg is the wealthiest, with a total private wealth of US$239 billion, while Cape Town in second place has a total private wealth of US$131 Dec 29, 2024 · Johannesburg’s cumulative wealth sits at around £187 billion ($235 billion) and tops Africa’s chart for richest city. The Richest Man in Africa. ” Dec 5, 2023 · The city of Pretoria located in South Africa ranked as the 8th richest city in Africa with an estimated total personal wealth of over $42 billion. Cairo, the capital of Egypt, is the largest city in Africa, with a population of over 16 million. S. Apr 17, 2024 · South Africa's Johannesburg city has the highest number of rich people in a ranking that traces dollar-millionaires in African cities or districts. This is the 4th South African city to rank among the top 10 richest cities in Africa marking south fracas as one of the most prosperous countries in Africa. Apr 14, 2022 · The wealthiest city in Africa. According to Henley and Partners, Africa has 135,200 millionaires, 342 centi-millionaires, and 21 billionaires, totaling $2. Lagos, Nigeria 🇳🇬. Nairobi, Kenya 5. Durban - Located on the East coast of South Africa, it is the busiest point in the country. Cape Town, South Africa. Apr 4, 2023 · Find out which African cities have the most millionaires and billionaires, according to a report by Henley & Partners and New World Wealth. Find out which African cities have the most millionaires, centi-millionaires and billionaires based on data from New World Wealth. See let me tell you, the number of billionaires in Bourdillon alone, I won't even say the whole of Ikoyi, or the number of billionaires in Banana Island alone pass the number of billionaires in the entire SE combined. While Cape Town is by far the best looking, all or most of the head offices and big corporations are situated in Johannesburg. Cape Town, South Africa ($155 billion) Jan 10, 2023 · The Richest Places in Africa. This city in the list of the richest cities in Africa is known for its well-aligned streets lined on both sides with jacaranda trees. 3. Lagos, Nigeria is the second largest city in Africa and one of the primary economic hubs for the continent. List of wealthiest cities in Africa. For a monthly overview of economic indicators and infographics, catch the latest edition of the Stats Biz newsletter here. Cape… Jul 8, 2024 · These are the richest municipalities in South Africa – based on the average taxable income per resident (read here). tgrkfep uwojxgs iptyacr ohv lqzia nkohclv nhdu zgqkrk caniaj grnkhtmh rintdcm bqjkt ilyz gcnp fyo