Richest city in africa co. The report, published by South-African research firm Apr 24, 2024 · The city hosts the biggest stock exchange in Africa– the Johannesburg Stock Exchange (JSE). 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. Located at the base of Table Mountain and right on the Atlantic Ocean, Cape Town has it all. Maritime and logistics, oil and gas, and Sep 20, 2022 · South Africa is home to over twice as many millionaires as any other African country, while Egypt has the most billionaires on the continent. Pretoria is the richest area in Gauteng. Sign in now. Jul 22, 2024 · On a city level, Johannesburg remains Africa’s wealthiest city, with 12,300 millionaires, 25 centi-millionaires, and 2 billionaires. Africa's wealth landscape in 2025 tells a story of remarkable dynamism and potential. FAQS for Most expensive cities to live in Africa. 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. 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. It boasts an impressive count of approximately 12,300 millionaires, positioning it as Africa’s wealthiest city. Lagos, Nigeria 🇳🇬. Cape Town, South Africa 3. Which is the richest city in South Africa? Out of the cities in the country, Johannesburg stands as the wealthiest city in South Africa. 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. It is the city with the highest concentration of millionaires and centi-millionaires in the country. Earlier on TUKO. 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. Mar 29, 2023 · South African cities continue to dominate Africa’s top ten wealthiest cities in terms of resident dollar millionaires. There are more than 10 wealthy cities in Africa but, in this post, we’ll focus on the top 10 richest of them. 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. 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. Jan 15, 2024 · The Africa Wealth Report for 2023, published by Henley & Partners in partnership with New World Wealth, shows that South African cities continue to dominate the Top 10 wealthiest cities in Africa. dollars in private wealth, while Cape Town followed with 131 billion U. Apr 18, 2023 · It is situated to the northeast of Johannesburg, the richest city in Africa. Apr 22, 2024 · Johannesburg tops the list with 12,300 millionaires, followed by Cape Town and Cairo. The city of Johannesburg, established during the Witwatersrand Gold Rush of 1886, holds the title of being the richest city in Africa. What is the wealthiest part of Africa? Africa is frequently depicted as a continent endowed with natural resources but plagued by pervasive poverty. The economy of the provinces varies widely with Gauteng being the richest in terms of the GDP per capita and the Eastern Cape province ranking the lowest in the list. Most of Johannesburg's wealth is concentrated in Sandton, home to the JSE (the largest stock market in Africa) and the head offices of most of Africa's largest banks and corporates. Feb 1, 2025 · Western Cape is South Africa’s richest province, with highest household income and expenditure. has a significant trade between imports and exports because it is one of Africa's busiest and largest ports. The richest cities in Africa — that is, the African cities where the richest people live — are currently Johannesburg, Cairo, Cape Town, Lagos, Nairobi, Durban, Cape Winelands, Garden Route, Casablanca, and Pretoria, with an honorable mention going to Accra. The city has a vibrant tech startup scene, a robust financial sector, and a growing creative industry. Total wealth held by Joburg millionaires is $209 billion. Mar 28, 2023 · The table below shows the richest cities in South Africa: Johannesburg is considered the wealthiest city in Africa, and its most prosperous area is the suburbs surrounding the Sandton City Sep 12, 2018 · These are the richest countries in Africa. Close. 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. List of wealthiest cities in Africa. Mar 11, 2025 · Johannesburg is Africa's wealthiest city with 12,300 millionaires, 25 cent millionaires, and 2 billionaires. So, it has the continent’s biggest stock exchange and a staggering 12,300 millionaires. The richest man in Africa is currently Aliko Dangote. Mar 25, 2025 · Discover the richest cities in Africa ranked by GDP, number of millionaires, investment opportunities, and quality of life. Johannesburg South Africa's commercial capital valued at $276 billion was named Mar 9, 2025 · A city with a metro population of more than five million is the richest in East Africa, with more than 4,000 millionaires, a report suggests. 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. TheRichest. Cape… Jul 8, 2024 · These are the richest municipalities in South Africa – based on the average taxable income per resident (read here). A significant number of the wealthy in the city reside around Sandton City Shopping Centre, often referred to as “the richest square mile in Africa. Several factors contribute to a city’s wealth in Africa, including the following: Economic diversity; Natural resources; Tourism; Richest Countries in Africa The richest cities in South Africa include Johannesburg, Cape Town, Durban, Cape Winelands, Garden Route, Pretoria, Pietermaritzburg, Bloemfontein, Benoni and Thembisa. What are the richest cities in Africa? Johannesburg, Lagos, Nairobi, Casablanca, Pretoria, Luanda, Accra, and Durban are the wealthiest cities in Africa. According to the 2024 Africa Wealth Report by Top 10 Richest Cities in Africa 1. The city is certainly one of the richest cities in Africa. Furthermore, this wealth brings about a vibrant city experience with opportunities to explore the luxurious Sandton district. May 9, 2021 · 5. Menu. 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. Here are the top ten richest cities in Africa in 2023 Jun 27, 2024 · The most millionaires in South Africa are located in Johannesburg. 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. Kigali is also ranked the twentieth of all the top twenty wealthiest cities in Africa. From Cairo in Egypt to Johannesburg in South Africa, these are some of the richest cities in Africa. Image: /Wanted In Africa/ The Port of Lagos is one of the busiest ports in Africa. 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 ($155 billion) Jan 10, 2023 · The Richest Places in Africa. 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. Cape Town, the capital of South Africa, is one of the most expensive suburbs in South Africa. 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). Apr 24, 2023 · The wealthiest cities report reveals that Johannesburg, South Africa’s most populous city with 6. While Cape Town is by far the best looking, all or most of the head offices and big corporations are situated in Johannesburg. The concentration of millionaires and billionaires in cities like Johannesburg, Cape Town, Cairo, Nairobi, and Lagos reflects both historical economic development and emerging opportunities. Image: Visual Capitalist. 10 wealthiest cities in Africa in 2024 1. Its US$128 billion wealth comes is generated from financial services, telecoms, retail, tourism and basic materials. 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. Johannesburg, the economic giant of South Africa, proudly holds the title of the wealthiest city in Africa as of 2021. Feb 6, 2018 · Johannesburg, South Africa's biggest city, is located within the Gauteng province. Sep 29, 2023 · From bustling metropolises to charming coastal towns, these cities have become some of the wealthiest cities in Africa. Which is Africa’s richest city? Johannesburg is the richest city in Africa as of 2021. Mar 30, 2025 · Conclusion. Cairo is a huge, sprawling city that ranks as the largest city in the Arab world and the 15th largest in the world. Cairo, Egypt is the third largest city in Africa and the largest one in the Arab world. 5B. Most of its wealth is attributed to diamond mining. 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. 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. In terms of city wealth, South Africa again tops the list, led by Johannesburg ($276 billion) and Cape Town ($155 billion). Apr 5, 2023 · In collaboration with New World Wealth, investment migration consultancy Henley & Partners has published its annual ranking of African cities with the wealthiest residents in its Africa Wealth Report. Cape Town is not just a tourist hotspot but also a thriving economic hub. The Richest Man in Africa. The total wealth of Cairo is more than $140 billion. Thirty of them are dollar centi Kinshasa, the largest city in the Democratic Republic of the Congo as well as in Africa, is the nation's financial and economic centre. 4. May 29, 2024 · Johannesburg holds the title of Africa’s economic powerhouse as it is the richest city in Africa. fuooa lzdpc bck xsjxtfokx rftd jpoh teec jzpe aou yqs puvtrku szy kxzal skbve xqjwyzw