These countries count the highest number of high-net-worth individuals (HNWIs), which amount to over 39 thousand in South Africa. Not surprisingly, Johannesburg and Cape Town have the highest concentration of private wealth in Africa. Moreover, South Africa has the highest wealth per capita after Mauritius.
Where do the wealthy live in South Africa?
The report includes the wealth held in Umhlanga, La Lucia and Ballito as part of Durban. It found Umhlanga and Ballito to be two of the fastest growing towns in South Africa, in terms of wealth growth over the past decade, with apartments on Lagoon Drive in Umhlanga being some of the most exclusive in the country.
Where do the super rich live?
Where do the Most Billionaires Live?
|Rank||City||Number of Billionaires|
|#2||New York City||99|
Who has the biggest house in South Africa?
The largest house ever built in South Africa is on sale. The 6240m2 mansion belongs to Kennedy Bungane, a former Absa executive.
What is the best suburb in South Africa?
5 of the best South African Suburbs to live in
- CITY BOWL – CAPE TOWN. Nestled within the arms of Table Mountain, the aptly named City Bowl is an impressive, naturally made amphitheatre-shaped suburb bordered by Table Bay. …
- SUMMERSTRAND – PORT ELIZABETH. …
- UMHLANGA – DURBAN. …
- ROSEBANK – GAUTENG. …
- LYNNWOOD – PRETORIA.
How many Trillionaires are there?
As of 2018, there are over 2,200 U.S. dollar billionaires worldwide, with a combined wealth of over US$ 9.1 trillion, up from US$7.67 trillion in 2017. According to a 2017 Oxfam report, the top eight richest billionaires own as much combined wealth as “half the human race”.