A recent report by Henley & Partners and New World Wealth shows South Africa is expected to see a significant increase in the number of millionaires over the next ten years.

The report, which tracks private wealth and investment migration trends worldwide, shows that high-net-worth individuals (HNWIs) in Africa’s wealthiest countries—including South Africa — are expected to grow, on average, by 65% over the next decade.

HNWIs include individuals with a wealth of $1 million or more.

The group’s data shows that South Africa is currently home to 37,400 HNWIs and 102 centi-millionaires—those with a net wealth of $10 million or more, while five-dollar billionaires also call the country home.

“Despite its challenges, South Africa remains home to over twice as many HNWIs as any other African country,” said the report.

According to the NWW projections, the country could have over 61,000 HNWIs by 2033 – a gain of 23,600 new wealthy individuals.

In particular, Cape Town is expected to see a significant influx of HNWIs, with its current 7,400 millionaire population set to swell by 85% over the next ten years to 13,500 in 2033.

Although Johannesburg is the wealthiest city in Africa, with 12,300 millionaires, 25 centi-millionaires, and two billionaires, Cape Town is predicted to become Africa’s wealthiest city by 2030.

Additionally, Henley & Partners noted that several big companies based in Johannesburg are expected to relocate their head offices to Cape Town by then.

Despite a tough past decade which saw a 20% decline in its millionaire population, South Africa remains home to over twice as many HNWIs as any other African country, with 37,400 millionaires, 102 centi-millionaires, and 5 billionaires, followed by Egypt with 15,600 millionaires, 52 centi-millionaires, and 7 billionaires. Nigeria sits in 3rd place with 8,200 HNWIs, followed by Kenya (7,200 millionaires), Morocco (6,800), Mauritius (5,100), Algeria (2,800), Ethiopia (2,700), Ghana (2,700), and Namibia (2,300) all making it into the Top 10 Wealthiest Countries in Africa.

The report also highlighted that, according to private wealth growth projections, South Africa is expected to see a 60% increase in wealth per capita by 2033.

The emerging narrative among certain sectors—like the property sector—is that South Africans are returning to their homeland after a period abroad, drawn by the lower cost of living (relative to main destination countries) and other pull factors like weather and family.

Over the next decade, Mauritius, Namibia, Morocco, Zambia, Kenya, Uganda, and Rwanda are all expected to experience 80%+ millionaire growth.

No Lagos?

Noted.

The difference between when local and international news outlets makes report, Lagos isn’t included here because the international news outlet aren’t infested by propaganda

South Africans should thank their stars that white men never left their country after independence.

As a result, South Africa has become the pride of Africa because I cannot think of any African country as prosperous and popular as South Africa. Their cities are so neat, organised and beautiful.

If they had left those lazy black ass men to run that country, I bet it would have become another South Sudan, even worse than Nigeria.

Apart from Mandela, Chaka Chaka and Brenda Fassie wey die from overdose drug. Nothing good from the useless black race in south Africa but xenophobic, hatred and envy towards their black brothers from other part of the continent especially Nigerians that helped them gaining independence from the whites with the blood of our soldiers.. what do they give us in return?.. hatred, jealousy etc

SoNature:
South Africans should thank their stars that white men never left their country after independence.

As a result, South Africa has become the pride of Africa because I cannot think of any African country as prosperous and popular as South Africa. Their cities are so neat, organised and beautiful.

If they had left those lazy black ass men to run that country, I bet it would have become another South Sudan, even worse than Nigeria.

Lol, sit down gutter pooping, japagerian Kunta Kinte.

Those lazy black men have been in charge for 30 years and have made SA Africa's biggest economy while Nigeria languishes at 4th position despite Africa's largest population and oil reserves.

Suck on this picture African defect that can't manage oil revenues. South Sudan granted you a visa yet?

IamAtAnger:
Apart from Mandela, Chaka Chaka and Brenda Fassie wey die from overdose drug. Nothing good from the useless black race in south Africa but xenophobic, hatred and envy towards their black brothers from other part of the continent especially Nigerians that helped them gaining independence from the whites with the blood of our soldiers.. what do they give us in return?.. hatred, jealousy etc

Blood of your soldiers? Are you high on kush? 😂😂😂👎🏾🇳🇬💩

WannaHowzit:


Lol, those lazy black men have been in charge for 30 years and have made SA Africa's biggest economy while Nigeria languishes at 4th position despite Africa's largest population and oil reserves. Sit down gutter pooping, japagerian Kunta Kinte.

Suck on this picture African defect that can't manage oil revenues.

Those lazy xenophobic black arses only control politics while the white men run the economy (businesses). Anyone can get into leadership in a predominantly black country, but it takes men with grit to become successful in business.

I dare the South African government to chase the white folks away and take over their businesses. I give you black arses one year and your economy would be worse than Zimbabwe's.


PS: I won't reply you again. Go and implement what I asked of you.

I have lived in Lagos for over 30 years. since early '90s to be precise.
Lagos is over rated.
Cape Town and Johannesburg are two cities not to be compared with Lagos. They are far too advanced than Lagos. Sentiments aside.
Yes, the white man built those cities and left it late for the indigenes to manage ditto for Lagos.
Anyone shouting Lagos, probably haven't traversed the world's major cities.
Make our government dey try abeg.

Ettu Lagos or any Nigerian state?

Read ur history if u dont know anything

WannaHowzit:


Blood of your soldiers? Are you high on kush? 😂😂😂👎🏾🇳🇬💩

SoNature:


Those lazy xenophobic black arses only control politics while the white men run the economy (businesses). Anyone can get into leadership in a predominantly black country, but it takes men with grit to become successful in business.

I dare the South Africa government to chase the white folks away and take over their businesses. I give you black arses one year and your economy would be worse than Zimbabwe's.

PS: I won't reply you again. Go and implement what I asked of you.

Chew on this while gutter pooping. It will cure you of white worship and envy towards black South Africans 😂😂😂 Has Nigeria even come close to achieving any of the things black SA government has achieved in 30 years?🇳🇬👎🏾💩

WannaHowzit:


Lol, those lazy black men have been in charge for 30 years and have made SA Africa's biggest economy while Nigeria languishes at 4th position despite Africa's largest population and oil reserves. Sit down gutter pooping, japagerian Kunta Kinte.

Suck on this picture African defect that can't manage oil revenues. South Sudan granted you a visa yet?

The lead is just for a short while, we will overtake SA next year.

https://www.mariblock.com/south-africa-to-overtake-nigeria-as-africas-largest-economy/#:~:text=The%20International%20Monetary%20Fund%20(IMF,reclaim%20its%20position%20in%202025.

The collapse of the naira has made a lot of Nigerians fall from the millionaire and centi-millionaires list.

There's a time Dangote was worth $20 billion under Yardua or Obasanjo.

IamAtAnger:
Read ur history if u dont know anything

Kush addict, you can't even stand up against the junta in Niger and you wanna tell me your soldiers fought the apartheid army. Sit down mab, let other clowns come forward 😂😂😂

Paraman:
The lead is just for a short while, we will overtake SA next year.

https://www.mariblock.com/south-africa-to-overtake-nigeria-as-africas-largest-economy/#:~:text=The%20International%20Monetary%20Fund%20(IMF,reclaim%20its%20position%20in%202025.

Only Nigerian mathematicians can figure out how 250 million people (soon to become 500 million) can survive on $250 billion gdp 😂😂😂. SA has 40 million people (deducted japagerians) living off a whopping $400 billion 🤑🤑🤑💰💰💰

Since youre lazy and ur brain is empty.. see the attached

WannaHowzit:


Kush addict, you can't even stand up against the junta in Niger and you wanna tell me your soldiers fought the apartheid army. Sit down mab, let other clowns come forward 😂😂😂

IamAtAnger:
Since youre lazy and ur brain is empty.. see the attached

Where does it say anything about your soldiers fighting apartheid, kush-fried brain? 😂😂😂 Stop gutter pooping in my mentions please 👎🏾🇳🇬💩💩💩

WannaHowzit:


Only Nigerian mathematicians can figure out how 250 million people (soon to become 500 million) can survive on $250 billion gdp 😂😂😂. SA has 40 million people (deducted japagerians) living off a whopping $400 billion 🤑🤑🤑💰💰💰

Ok

But the most important thing is that, The Nigerian GDP will overtake SA GDP next year

Paraman:
Ok

But the most important thing is that, The Nigerian GDP will overtake SA GDP next year

It still won't change the fact South Africans are far richer than Nigerians on a personal level (per capita income). Let's talk the day you see South Africans japaring to Nigeria.

Well what more can I say... I've mentioned the only few useful three being in the history of ur entire black race in south Africa, which unfortunately one of them died of drug overdose... you modern slave!

WannaHowzit:


Where does it say anything about your soldiers fighting apartheid, kush-fried brain? 😂😂😂 Stop gutter pooping in my mentions please 👎🏾🇳🇬💩💩💩

IamAtAnger:
Well what more can I say... I've mentioned the only few useful three being in the history of ur entire black race in south Africa, which unfortunately one of them died of drug overdose... you modern slave!

Yes and hushpuppi is languishing in a foreign prison for 419 - which is Nigerian culture. Applause 🇳🇬👎🏾💩💩💩

WannaHowzit:


It still won't change the fact South Africans are far richer than Nigerians on a personal level (per capita income). Let's talk the day you see South Africans japaring to Nigeria.

Whether South Africans japa to Nigeria or not does not matter to me.

Nigeria GDP will overtake SA GDP next year

Paraman:
But MTN hardly make more money in South Africa compared to what they make in Nigeria

Vodacom is SA's biggest mobile provider, not MTN. So your point is mute.

okay!

WannaHowzit:


Vodacom is SA's biggest mobile provider, not MTN. So your point is mute.

Well, Nigeria GDP will overtake SA GDP next year

Paraman:


Whether South Africans japa to Nigeria or not does not matter to me.

Nigeria GDP will overtake SA GDP next year

Having the largest gdp never did anything for you son - you still remained japagerians and hungry lots. Leave top spot to us South Africans who know how to capitalize on it, okay 👍🏾🇿🇦🏆

WannaHowzit:


Having the largest gdp never did anything for you son - you still remained japagerians and hungry lots. Leave top spot to us South Africans who know how to capitalize on it, okay 👍🏾🇿🇦🏆

Whether we remain japagerians or not does not matter

Nigeria GDP will overtake SA GDP next year.

Paraman:
Whether we remain japagerians or not does not matter

Nigeria GDP will overtake SA GDP next year.

Ok, South Sudan granted you a visa yet?🇳🇬💩 For greener pastures 🤷🏽‍♂️🤷🏽‍♂️🤷🏽‍♂️☹️☹️☹️

WannaHowzit:


Ok, South Sudan granted you a visa yet?🇳🇬💩 For greener pastures 🤷🏽‍♂️🤷🏽‍♂️🤷🏽‍♂️☹️☹️☹️

No, am going to South Africa