Richest city 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. Apr 16, 2024 · The city’s diverse economy spans finance, mining, manufacturing, technology, and services. Johannesburg, South Africa ($276 billion) Founded in the Witwatersrand Gold Rush of 1886, South Africa’s City of Gold is a hub for financial services, professional services (law firms and consultancies), construction, telecommunications, and basic materials. 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. Mar 29, 2025 · It was a banner year for Africa’s billionaires, whose cumulative wealth surpassed $100 billion for the first time ever. The total wealth of Cairo is more than $140 billion. FAQS for Most expensive cities to live in Africa. Actors; Apr 16, 2024 · Nairobi ranked among start-ups' most friendly African cities. The richest man in Africa is currently Aliko Dangote. And this overview of Africa’s richest cities, based on the The AfrAsia The 10 wealthiest cities and areas in Africa are listed below, ranked by their number of resident millionaires (high-net-worth individuals, HNWIs). With myriad luxury apartments, family houses with extensive grounds and sprawling golf Sep 14, 2019 · Africa’s richest cities. Oct 20, 2023 · Johannesburg – the richest African city – is home to two billionaires. Oct 25, 2020 · Among South African cities, Johannesburg ranked as the richest city in the country, home to 13,900 millionaires. Cairo, Egypt 4. Feb 1, 2025 · Western Cape is South Africa’s richest province, with highest household income and expenditure. Jan 15, 2023 · As far as the list of richest cities in Africa is concerned, after Johannesburg comes Cape Town – another South African city. Cape Town, South Africa. The GDP of the city is USD 84 billion, which is higher than a lot of African countries. From the bustling streets of Johannesburg, where 12,300 millionaires thrive, to the scenic landscapes of Cape Town with 7,400 affluent individuals, these urban centers drive economic growth. Here are five of Africa's top cities for 2025. The city of Johannesburg, established during the Witwatersrand Gold Rush of 1886, holds the title of being the richest city in Africa. South Africa has nine provinces, each with its own provincial government. 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 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. So, it has the continent’s biggest stock exchange and a staggering 12,300 millionaires. The city is certainly one of the richest cities in Africa. Cape Town, South Africa 3. In terms of city wealth, South Africa again tops the list, led by Johannesburg ($276 billion) and Cape Town ($155 billion). By Emily Wright, World News Reporter. Located at the base of Table Mountain and right on the Atlantic Ocean, Cape Town has it all. However, this story ignores the rising wealth in major cities, where a sizable number of billionaires continue to control the economy. Cape Town is not just a tourist hotspot but also a thriving economic hub. Net Worth Submenu. According to the Africa Wealth Report for 2023, released by Henley & Partners in collaboration with New World Wealth, Johannesburg has the most dollar millionaires in Africa, with 14,600, followed by Cairo in Egypt with 7,400, Cape Town with 7,200, and Lagos with 5,400. Both Durban and Umhlanga are two of the quickest developing towns in the country throughout the most recent ten years. 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. Cape Town, with a total wealth that is estimated to be $155 billion, attracts a lot of tourists each year that expands its wealth base. 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. 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. 7. Wealthy cities in Africa are usually major financial and commercial hubs, as well as popular tourist destinations. List of wealthiest cities in Africa. 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. 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. Similar articles are available on the Stats SA website and can be accessed here. Find out which African cities have the most millionaires, centi-millionaires and billionaires based on data from New World Wealth. 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). Feb 6, 2018 · Johannesburg, South Africa's biggest city, is located within the Gauteng province. Cairo, Egypt: 7,200 HNWIs Oct 14, 2019 · New World Wealth and AfrAsia Bank have published the latest African Wealth Report, showing the levels of wealth of various African nations at the end of 2018. According to Henley and Partners, Africa has 135,200 millionaires, 342 centi-millionaires, and 21 billionaires, totaling $2. 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. Apr 14, 2022 · The wealthiest city in Africa. 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. Here are the top ten richest cities in Africa in 2023 Jun 27, 2024 · The most millionaires in South Africa are located in Johannesburg. Apr 16, 2023 · Say Egypt and thoughts immediately turn to the Nile, Pyramids, and a certain cat-eyed consort of Julius Caesar. Durban - Located on the East coast of South Africa, it is the busiest point in the country. The Richest Man in Africa. The city, which is the capital of Gauteng province, has a total of 12,300 high-net-worth individuals (HNWIs), according to the 2024 Africa Wealth Report published by Henley & Partners. Africa's wealth landscape in 2025 tells a story of remarkable dynamism and potential. Cape Town, South Africa ($155 billion) Jan 10, 2023 · The Richest Places in Africa. What are the richest cities in Africa? Johannesburg, Lagos, Nairobi, Casablanca, Pretoria, Luanda, Accra, and Durban are the wealthiest cities in Africa. 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. It is the 3rd wealthiest city in the country with a total wealth of $54 billion (about Sh5. Cairo, Egypt is the third largest city in Africa and the largest one in the Arab world. 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. According to the 2024 Africa Wealth Report by Top 10 Richest Cities in Africa 1. 2. Offshore wealth management expert, Dylan Knibbs at Holborn Assets said: Feb 26, 2025 · This bustling metropolis tops the list as Africa's richest city, home to an incredible 12,300 millionaires and two billionaires. According to the report, Nairobi hosts a significant number of millionaires and billionaires, with 4,400 residents possessing a net worth of US dollars one May 3, 2023 · Cape Town, South Africa Cape Town, South Africa. See the rankings, growth rates and sources for each city from 2013 to 2023. Major sectors in the city include financial services (banks) and professional services (law firms, consultancies). Johannesburg is known as Africa’s wealthiest city and is the economic hub of South Africa. Apr 18, 2024 · Dar ranked 85th richest city globally, 12th in Africa Business Apr 19, 2023 Two South African cities Johannesburg (12,300) and Cape Town (7,400) lead in the number of dollar millionaires in Africa with followed by Cairo with 7200, then Nairobi with 4,400 and Lagos completes the Top 5 with 4,200 millionaires. Aug 6, 2022 · The city hosts more billionaires (four) than any other city in Africa. Total wealth held by Joburg millionaires is $209 billion. Rabat-The 2018 Africa Wealth report has ranked Casablanca among the top 10 “richest” African cities, holding $42 billion of total wealth. He is the founder and chairman of Dangote Cement, the largest cement producer in Africa, owning 85% of the company. Lagos, Nigeria 🇳🇬. Nov 19, 2013 · Africa’s most significant cities contribute about 36% ($ 700bn) to the continent’s GDP; a figure that is expected to increase to 1,700 billion by 2030, the report says. Which is Africa’s richest city? Johannesburg is the richest city in Africa as of 2021. Cairo is the largest city both by population and area in the Continent of Africa located in Egypt with a metro population of 9,120,350 with over 6,000 sq km Area. Sep 29, 2023 · From bustling metropolises to charming coastal towns, these cities have become some of the wealthiest cities in Africa. South Africa’s biggest city held 239 billion U. 4. 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. The reports evaluate Feb 16, 2023 · Additionally, the city is home to approximately 150,000 millionaires who make Cape Town their base of operations. From Cairo in Egypt to Johannesburg in South Africa, these are some of the richest cities in Africa. S. 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. Johannesburg, South Africa 2. At city level, Johannesburg maintained its place as the wealthiest in Africa, with 12 300 millionaires, 25 centi-millionaires, and two May 21, 2020 · Read Also: 10 Stereotypes About South African Girls That Aren’t Always True Camps Bay is the top richest suburb for R20 million homes in the country, with 170 properties. 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. qsp axzfjs zasqrl qjgg xiqx hbaf dihin qmz weddjr acem ovia uhztloxty jli qnz spxl