AfraAsia Bank’s Africa Wealth Report 2017 has made a comparison of 23 African cities with the highest number of billionaires as at the year 2016.
Here is the list of cities and the number of multi-millionaires they have respectively:
1. Johannesburg (incl. Sandton) – 970
2. Cairo – 480
3. Cape Town – 440
4. Lagos – 360
5. Nairobi – 280
6. Luanda – 240
7. Durban (incl. Umhlanga) – 130
8. Pretoria – 110
9. Casablanca – 110
10. Accra – 100
11. Abidjan – 90
12. Algiers – 90
13. Alexandria – 110
14. Windhoek – 60
15. Dar Es Salaam – 50
16. Gaborone – 50
17. Mombasa – 40
18. Abuja – 40
19. Addis Ababa – 40
20. Kampala – 40
21. Maputo – 40
22. Lusaka – 30
23. Marrakesh – 30
The report is the result of New World Wealth’s extensive research covering the wealth market in Africa which report covers wealth, luxury, prime property, collectable and wealth management trends on the continent from 2006 to 2016, with projections to 2026.
