dollar millionaires 2024-04-25
25 April, 2024   Lifestyle

There are 37,400 dollar millionaires living in South Africa, more than double any other African country. Egypt, in second place, has 15,600 dollar millionaires and Nigeria has 8,200, according to the latest Africa Wealth Report published by Henley & Partners.

Johannesburg has 12,300 people with assets worth more than $1-million, the most of any city in Africa. Three of the top 10 places with the most millionaires are in the Western Cape: Cape Town (7,400), the Cape Winelands (Stellenbosch) and the Garden Route. Durban, Umhlanga and Ballito as well as Pretoria also fall within the top 10.

Forbes 2024 lists Nigerian industrialist Aliko Dangote as the continent’s richest person with a net worth of $13.5-billion. He is followed by South Africa’s Johann Rupert ($10.1-billion) and the Oppenheimer family ($9.4 billion).

The data tracks the movements of more than 150,000 individuals.