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How many (dollar) billionaires live in SA?

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South Africa is home to 40,400 dollar millionaires and seven dollar billionaires. This is according to a report released today by New World Wealth documenting which cities are the wealthiest in terms of private wealth held by individuals – including all their assets (property, cash, equities, business interests) less any liabilities.

South Africa’s total wealth amounts to US$580bn (as of June 2016) and is expected to benefit from strong growth in the local tech and media sectors over the next decade.

South Africa’s wealthiest cities

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Do you know which land even one the city’s billionaires cannot afford? Click the pic

  1. Johannesburg: Total wealth held in the city amounts to US$243bn. Home to 17,600 millionaires and two billionaires. Major sectors in the city include: financial services (banks, accountancies, insurance), professional services (law firms), construction, telecoms and basic materials.
  2. Cape Town: Total wealth held in the city amounts to US$130bn. Home to 7,400 millionaires and two billionaires. Major sectors in the city include: real estate, financial services (fund management), retail and tourism.
  3. Durban: Total wealth held in the city amounts to US$45bn. Home to 2,700 millionaires and one billionaire. Figures for Durban include Umhlanga, Ballito and La Lucia. Major sectors in the city include: healthcare, construction, retail and transport.
  4. Pretoria: Total wealth held in the city amounts to US$42bn. Home to 2,600 millionaires. Major sectors in the city include: basic materials, manufacturing and financial services.

Emerging areas

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Can you guess which estate this is on the Garden Route? Click the pic

  • Paarl, Franschoek and Stellenbosch: Total wealth held in the area amounts to US$40bn. Home to 2,500 millionaires. The area boasts exclusive golf and lifestyle estates.
  • Garden Route: Total wealth held in the area amounts to US$38bn. Home to 2,500 millionaires. Notable towns on the route include: George, Knysna, Plettenberg Bay and Wilderness. A large number of wealthy retirees live on the Garden Route.

Global top three

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London vs Cape Town: Which city has highest prime rental growth? Click the pic

  1. London: Total wealth held in the city amounts to US$2,7tn. London is home to 357,000 millionaires and 62 billionaires. Home to the third-largest stock exchange in the world. Areas around London such as Windsor, Ascot, Virginia Water, Leatherhead, Weybridge, Henley, Marlow and Bray also contain a large amount of wealth that is not included in this figure.
  2. New York City: Total wealth held in the city amounts to US$2,6tn. New York is home to 336,000 millionaires and 65 billionaires. Home to the two largest stock exchanges in the world (Dow Jones and NASDAQ). Areas around New York such as Connecticut and Long Island also contain a large amount of wealth that is not included in this figure.
  3. Tokyo: Total wealth held in the city amounts to US$2,2tn. Home to 272,000 millionaires and 14 billionaires. Tokyo is home to the fourth-largest stock exchange in the world. Tokyo, like the rest of Japan, has a low billionaires to millionaire ratio (i.e. it has a lot of millionaires but not too many billionaires).

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