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Kenya home to 4,700 super rich, new report shows capitalfm.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalfm.co.ke Daily Mail and Mail on Sunday newspapers.
Even though Johannesburg remains home to most of South Africa's high net worth individuals, Cape Town has the most expensive and exclusive suburbs. ....
Moneyweb South Africa’s decline has been worsened by the depreciation of the rand, poorer economic growth levels, Covid-19 and emigration from the country. Sandton city Picture: iStock
Despite South Africa being home to more than twice as many dollar millionaires or high-net-worth individuals (HNWIs) than any other African country, the total private wealth held in the country declined by 25% between 2010 and 2020. This is according to the Africa Wealth Report 2021, published on Tuesday by Johannesburg-based wealth intelligence firm New World Wealth together with Mauritius-based AfrAsia Bank. The report notes that South Africa has around 36 000 millionaires or HNWI, 1 930 multi-millionaires (+$10 million) and five dollar-billionaires. ....