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The fastest-growing area in South Africa for dollar-millionaires
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AfrAsia Bank in collaboration with New World Wealth has published its African wealth report for 2021, highlighting the wealthiest cities on the continent by total wealth held.
The group defines ‘total wealth’ as the private wealth held by all the individuals living in each city. It includes all their assets – including property, cash, equities, business interests – less any liabilities.
Using this metric, the data shows that Johannesburg is the city with the most millionaires (15,100) on the continent, followed in a distant second by Cape Town (6,500). New World Wealth defines millionaires as those with a net worth of $1 million or more. ....

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