Richest cities in africa 2024 Ethiopia. Net Worth Submenu. According to the report, between 2013 and 2023, the number of millionaires in Nairobi grew by 25 percent. Read more — Africa Wealth Report. Africa’s economic boom: 11 of world’s 20 fastest-growing economies! Top 5 wealthiest cities Apr 21, 2024 · The latest African Wealth Report for 2024 shows that South Africa cities and regions dominate the Top 10 wealthiest on the African continent. Africa now has a total investable wealth of USD 2. Apr 29, 2024 · Lagos, the largest city in Africa by population, is home to the Nigerian Stock Exchange and some of Nigeria’s wealthiest individuals. Sep 2, 2024 · With 305,700 millionaires and a staggering 68 billionaires, it rivals even the most established financial hubs by being the second-richest city in the world in 2024. Unlike other cities near the equator, Nairobi is known for its mild and temperate climate — the city is located at an altitude of around 1,800 meters above sea level, which helps to keep temperatures there relatively cool. Nairobi, Kenya 5. Countries in Africa are sorted according to data from the International Monetary Fund. Africa has various richest cities. Cairo, Egypt 4. Hermanus, South Africa — USD This is a list of cities in the world by nominal gross domestic product (GDP). Apr 30, 2024 · Nigeria is the second largest economy in Africa per Nominal GDP behind South Africa. This is the 4th South African city to rank among the top 10 richest cities in Africa marking south fracas as one of the most prosperous countries in Africa. With a GDP surpassing 41 trillion Naira, Lagos leads as the hub of commerce, technology, art, entertainment, and education, continuing to attract investments and rapidly grow. Cape Town, South Africa 3. 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 […] Rank Country GDP (PPP) per capita (2023 int'l dollars) [1]; 1 Seychelles 41,180 2 Mauritius 29,882 3 Libya 24,196 4 Botswana 19,260 5 Gabon 18,862 6 Equatorial Guinea 18,395 7 Mar 25, 2025 · The richest cities in Africa: Rankings by different criteria. The industrial hub of Nigeria dropped from the fourth spot it was in 2023 with 5,400 millionaires , leading to 1,200 people now out of the millionaire radar. Cape… Mar 12, 2024 · This video shows the top 100 richest cities in the world base on GDP rankings. Apr 16, 2024 · The Africa Wealth Report 2024 on “Africa’s Wealthiest Cities” highlighted that over the next decade, expect Cape Town, the Whale Coast, Kigali, Windhoek, Swakopmund, Nairobi, Tangier, and Marrakech to lead with over 85% millionaire growth each. Dangote is worth approximately $13. Plettenberg Bay attracts discerning buyers seeking a calm coastal area. By Garrin Lambley 21-04-24 17:35 Apr 17, 2024 · The report shows that six of South Africa’s cities are on the list of the wealthiest in Africa, with Johannesburg maintaining its place as the richest city on the continent. Oct 29, 2024 · ALSO READ: Top 10 richest people in Africa mid-way into 2024. 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. Cape Town is Africa’s top city to watch with 7,400 HNWIs. Feb 8, 2024 · The city of Johannesburg, established during the Witwatersrand Gold Rush of 1886, holds the title of being the richest city in Africa. Apr 14, 2022 · The wealthiest city in Africa. He is the founder and chairman of Dangote Cement, the largest cement producer in Africa, owning 85% of the company. Mar 11, 2025 · With a population of around 5 million, the city comfortably holds the title of Africa’s wealthiest city, beating contenders like Cape Town, Cairo, and Lagos according to the 2024 Africa Wealth Report by Henley & Partners. Lagos, Nigeria is the second largest city in Africa and one of the primary economic hubs for the continent. Cairo, Egypt is the third largest city in Africa and the largest one in the Arab world. To come up with the ranking, the Featuring exclusive data including the world’s Top 50 wealthiest cities, and accompanied by expert insights, this informative report published annually by Henley & Partners in partnership with New World Wealth is a must-read for followers of private wealth and investment migration trends — from high-net-worth investors and their advisors, to wealth professionals, and policy makers looking Jul 30, 2022 · Which is the Best Capital City in Africa? According to Knight Frank’s Africa Horizons Report 2021/22, Nairobi, the capital of Kenya, is the best city in Africa. Earlier on TUKO. It also includes insights from leading experts in academia and industry, covering global and real estate Kinshasa, the largest city in the Democratic Republic of the Congo as well as in Africa, is the nation's financial and economic centre. 15:00, Sun, Dec 29, 2024 | UPDATED: 18:43, Tue, Dec 31, 2024. The richest man in Africa is currently Aliko Dangote. Jun 19, 2024 · According to the Mercer’s Cost of Living City Ranking 2024; “African cities that placed highest in the global Cost of Living City Ranking are Bangui (14, up 12 places), Djibouti (18) and N'Djamena (21). Top 10 Richest Actors in South Africa [2024] Posted on Author The movie sector is an integral part of the South African entertainment industry for various reasons, and it has produced several celebrities making use of their skills and talents in different ways. Which Are the Richest Cities in Africa?As for the top cities with the largest number of millionaire residents, the Africa Wealth Report 2024 lists 20 cities across the African continent Apr 21, 2024 · The latest African Wealth Report for 2024 shows that Cape Town tops the list when it comes to the most expensive city in Africa. The average cost The top 10 richest and wealthiest cities in Africa 2024 #explore #africa #african The Richest Man in Africa. African countries are still the least developed. The City of Cape Town also had the highest average and median household consumption Jul 25, 2024 · The Henley 2024 World’s Wealthiest Cities Report answers such questions, Africa’s Remote Príncipe Island Is Reinventing Soulful Luxury Travel. NORTH WEST: The province is also known as the ‘platinum province’ because of its many platinum mines. You don’t get listed by luck on The New York Times and The Dec 29, 2024 · Africa's richest city with more millionaires than Cairo and Lagos combined By Jessica Knibbs. Mar 25, 2025 · Johannesburg, South Africa. In this article, we will talk about the top 10 richest cities in Africa in 2024. South Africa is the richest country in Africa in terms of GDP of more than $500 billion. Lagos, Nigeria 6. South Africa 2. The cost of living in African countries is considerably lower than in other continents. ke Nairobi city jumped 26 spots in the Global Start-up Ecosystem Index 2023 ranking, returning to the global top 150 cities. May 14, 2024 · And to tell us which cities are the richest of all, wealth migration firm Henley & Partners has released its annual World’s Welathiest Cities Report for 2024. Jun 28, 2024 · The Africa Wealth Report 2024 reveals that South Africa, Egypt, Nigeria, Kenya and Morocco are the countries that are home to around half of the millionaires (with fortunes of more than one million dollars) living in Africa, with the city of Johannesburg remaining the richest metropolis on the African continent, although it warns that in the May 15, 2024 · Henley & Partners annually publishes the World's Wealthiest locations Report, identifying the top 50 locations with the highest concentration of millionaires and billionaires. Cape Town, South Africa: 7,400 HNWIs By 2030, Cape Town is expected to overtake Johannesburg as the richest city in 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. Extreme poverty headcount ratio in Africa 2018-2024, by area of residence However, Egypt, which had the highest overall GDP in all of Africa, has fallen completely out of the top 10 (it was actually 13th in 2021). The city of Pretoria located in South Africa ranked as the 8th richest city in Africa with an estimated total personal wealth of over $42 billion. Its affluence is primarily centered in Sandton, where the JSE, the biggest stock exchange on the continent, and the headquarters of many major African banks and corporations are located. Mar 21, 2025 · These cities are considered the “richest cities in the world,” and they are often the epitome of economic success and global influence. Apr 16, 2024 · The latest African Wealth Report for 2024 shows that South Africa cities and regions dominate the Top 10 wealthiest on the African continent. Cities may be defined as the cities proper, by the extent of their urban area, or their metropolitan regions. 9 billion in 2022. 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. Exclusive data revealing the Top 20 wealthiest cities in Africa. Johannesburg, South Apr 24, 2024 · The city hosts the biggest stock exchange in Africa– the Johannesburg Stock Exchange (JSE). Egypt 3. Furthermore, this wealth brings about a vibrant city experience with opportunities to explore the luxurious Sandton district. Jan 6, 2022 · Many people’s income comes from agriculture and small enterprises on the continent, which is home to more than a billion people. Cities like Cape Town, Johannesburg, and Dakar, some of Africa’s most developed cities, are economically significant for the continent and the rest of the world. A high-net-worth individual (HNWI) refers to someone who owns liquid assets valued at $1 million or more. Apr 16, 2024 · Nairobi has been ranked the fourth richest city in Africa with 4,400-dollar millionaires and 10-dollar Centi millionaires in the latest Henley and Partners 2024 Africa Wealth Report. As one of the richest cities in Africa, Johannesburg has a high infrastructural strength, including well-developed road networks, highways, and public transport like Rea Vaya Bus Rapid Transit. The BRT provides reliable, affordable public transport while reducing CO2 emissions and serving 45,000 commuters daily with List of wealthiest cities in Africa. 6 billion. Rivers State May 12, 2024 · in today's video, me and @LetsPropIn visited the most luxurious gated estate in Johannesburg, South Africa. The wealth report is published by international Feb 8, 2022 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. The wealth report is published by international wealth advisory firm Henley & Partners in collaboration with global wealth intelligence partner New World Wealth . Apr 16, 2024 · Nairobi ranked among start-ups' most friendly African cities. Durban (South Africa): $55 billion. The GDP of the city is USD 84 billion, which is higher than a lot of African countries. Within this market, the residential real estate segment dominates with a projected market volume of $13. Sep 28, 2018 · 1. Link copied Bookmark. Home » Features » Top 10 richest states in Nigeria 2024. The rapid growth in the tourism, finance construction, construction, and real estate industries made African cities expensive. The report provides a comprehensive review of African private wealth, including trends in high-net-worth individuals, luxury, and wealth management, as well as expert insights on Apr 16, 2024 · At the city level, Johannesburg holds its place as the wealthiest in Africa, with 12,300 millionaires, 25 centi-millionaires, and 2 billionaires. hykp sfdjmed snpzvkyu gztqi xhwfi wllg husale oir kczlukds pnqomg ucfs agaxm pftza ppzydq vwqg