African Cities with Most Cent-Millionaires
- CAPE TOWN, South Africa (AP) — Cape Town has overtaken Johannesburg and Cairo to become the African city with the highest number of residents holding at least $100...
- The "World's Wealthiest Cities 2025" report, released by Henley & Partners in collaboration with New World Wealth, identifies nine African cities among the 141 global urban centers with...
- The report highlights the importance of cent-millionaires in wealth creation, noting that many companies in the Fortune 500, S&P 500, FTSE 100, and Nikkei 225 were founded by...
Cape Town Leads African Cities in “Cent-Millionaire” Count, Says Report
CAPE TOWN, South Africa (AP) — Cape Town has overtaken Johannesburg and Cairo to become the African city with the highest number of residents holding at least $100 million in investable assets, according to a new report.
Wealthy Cities in Africa: key Findings
The “World’s Wealthiest Cities 2025” report, released by Henley & Partners in collaboration with New World Wealth, identifies nine African cities among the 141 global urban centers with the most “cent-millionaires.” The report defines “heritage” as an individual’s liquid investable assets, including listed company shares, cash, and cryptocurrencies, excluding real estate.
The report highlights the importance of cent-millionaires in wealth creation, noting that many companies in the Fortune 500, S&P 500, FTSE 100, and Nikkei 225 were founded by individuals who later achieved this status.
South Africa Dominates, but Trends Vary
South Africa boasts the highest number of cities on the list, reflecting its status as the continent’s most industrialized nation. Though, the report indicates shifting trends in wealth concentration.
While cape Town saw its cent-millionaire population rise to 34, up from 26 in 2023, Johannesburg experienced a decline, with its number falling from 27 to 24. Researchers attribute this shift to migration patterns, with wealthy individuals moving to other South African cities or abroad. The Cape Winelands region also saw an increase,reaching 18 cent-millionaires.
Other African Cities on the List
Besides the South African cities, Marrakech, Morocco, has 14 cent-millionaires, although the report notes a decline. Umhlanga & Ballito, South Africa, and Lagos, Nigeria, both have 12. Casablanca, Morocco, has 11, as dose Nairobi, Kenya.
African Cities Ranked by Cent-Millionaires
Here’s a breakdown of the top African cities by their number of cent-millionaire residents,according to the Henley & Partners report:
| City | Country | Number of cent-Millionaires |
|---|---|---|
| Cape Town | South Africa | 34 |
| Cairo | Egypt | 27 |
| Johannesburg | South Africa | 24 |
| cape Winelands | South Africa | 18 |
| Marrakech | Morocco | 14 |
| Umhlanga & Ballito | South Africa | 12 |
| Lagos | Nigeria | 12 |
| Casablanca | Morocco | 11 |
| Nairobi | Kenya | 11 |
Source: Henley & Partners
Global Wealth Hubs
New York City leads the global ranking with 818 cent-millionaires,followed by the San Francisco Bay Area (San francisco and Silicon Valley) with 756,and Los Angeles with 516. London (352) and Hong Kong (346) round out the top five.
# Cape Town Tops African Cities in Centi-Millionaire Count: Your Questions Answered
## What does the report say about wealthy cities in Africa?
According to a new report by Henley & Partners and New World Wealth, Cape Town, South Africa, now leads African cities in the number of residents with at least $100 million in investable assets, often referred to as “cent-millionaires”. This marks a shift from previous rankings.
## What is a centi-millionaire?
The report defines a centi-millionaire as an individual with liquid investable assets worth $100 million or more. Thes assets include listed company shares, cash, and cryptocurrencies, but exclude real estate.
## Where did Cape Town rank previously?
Previously, Johannesburg and Cairo held the top spots in Africa. This report indicates a change in that ranking.
## What are the key findings of the “World’s Wealthiest Cities 2025” report?
The “World’s Wealthiest Cities 2025” report identified nine African cities among the 141 global urban centers with the most centi-millionaires. The report highlights the importance of centi-millionaires in wealth creation, noting that many influential companies were founded by individuals who later reached this status.
## Which cities in Africa made the list?
Several african cities are featured in the report. Here’s a breakdown of the top cities by their number of centi-millionaires:
| City | Country | Number of Centi-Millionaires |
|---|---|---|
| Cape Town | south Africa | 34 |
| Cairo | Egypt | 27 |
| Johannesburg | South Africa | 24 |
| Cape Winelands | South Africa | 18 |
| Marrakech | Morocco | 14 |
| Umhlanga & Ballito | South Africa | 12 |
| Lagos | Nigeria | 12 |
| Casablanca | Morocco | 11 |
| nairobi | Kenya | 11 |
Source: Henley & Partners
## what’s driving the changes in wealth concentration within South Africa?
The report notes shifting trends in wealth concentration within South Africa. While Cape Town saw an increase in its centi-millionaire population,Johannesburg experienced a decline. Researchers attribute these shifts to migration patterns, with wealthy individuals moving to other South African cities or abroad.
## Which are the global wealth hubs mentioned in the report?
Globally, New york City leads the ranking with 818 centi-millionaires. The San Francisco Bay Area (San Francisco and Silicon Valley), Los Angeles, London, and Hong Kong round out the top five.