Richest city in africa Lagos, Nigeria is the second largest city in Africa and one of the primary economic hubs for the continent. The city ranked 137 globally in the top 1,000 cities and 4th in Africa, with a ranking score of 5. Sign in now. 14:37, 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. 4 trillion Dar es Salaam, Tanzania’s colonial city, boasts of 1,200 richest individuals, while Kigali, Rwanda, one of the fastest-growing cities in Africa, has 800 high-net-worth individuals. 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. Sep 30, 2024 · Africa is a continent rich in culture and resources and is also home to some of the wealthiest cities globally. 5 trillion in Apr 17, 2024 · Top four cities for 2024 are Johannesburg (South Africa), Cape Town (South Africa), Cairo (Egypt) and Nairobi (Kenya) with 12,300, 7,400, 7,200 and 4,400 millionaires in each city respectively. Related: Top 10 Richest Football Clubs in Africa Nov 9, 2023 · Africa, the cradle of humanity, abounds with resources and youth, yet grapples with economic challenges. Actors; Apr 16, 2024 · Nairobi ranked among start-ups' most friendly African cities. And this overview of Africa’s richest cities, based on the The AfrAsia The 10 wealthiest cities and areas in Africa are listed below, ranked by their number of resident millionaires (high-net-worth individuals, HNWIs). Johannesburg, the economic giant of South Africa, proudly holds the title of the wealthiest city in Africa as of 2021. Cape Town, South Africa — 7,400 millionaires. Expert insights by Savory & Partners on Africa's wealthiest urban centers. The city has a vibrant tech startup scene, a robust financial sector, and a growing creative industry. Henley Global’s “The Africa Wealth Report”, breaks down the African cities with the most millionaires, centi-millionaires (individuals with $100 million or more), and billionaires. 185. Rabat-The 2018 Africa Wealth report has ranked Casablanca among the top 10 “richest” African cities, holding $42 billion of total wealth. Jan 15, 2024 · The Africa Wealth Report for 2023, published by Henley & Partners in partnership with New World Wealth, shows that South African cities continue to dominate the Top 10 wealthiest cities in Africa. The city, which is the capital of Gauteng province, has a total of 12,300 high-net-worth individuals (HNWIs), according to the 2024 Africa Wealth Report published by Henley & Partners. 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. 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. Mar 30, 2025 · Conclusion. Johannesburg is the wealthiest, with a total private wealth of US$239 billion, while Cape Town in second place has a total private wealth of US$131 Dec 29, 2024 · Johannesburg’s cumulative wealth sits at around £187 billion ($235 billion) and tops Africa’s chart for richest city. According to the 2024 Africa Wealth Report by Top 10 Richest Cities in Africa 1. 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. 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. 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. The concentration of millionaires and billionaires in cities like Johannesburg, Cape Town, Cairo, Nairobi, and Lagos reflects both historical economic development and emerging opportunities. Maritime and logistics, oil and gas, and Sep 20, 2022 · South Africa is home to over twice as many millionaires as any other African country, while Egypt has the most billionaires on the continent. Cairo is a huge, sprawling city that ranks as the largest city in the Arab world and the 15th largest in the world. The BRT provides reliable, affordable public transport while reducing CO2 emissions and serving 45,000 commuters daily with Oct 4, 2018 · South Africa still boasts the main concentration of wealth in Africa, but no longer the only one. Where is the most expensive city in Africa? Dakar is the most expensive city in Africa, with a cost of living index of 47. Cape Town, with a total wealth that is estimated to be $155 billion, attracts a lot of tourists each year that expands its wealth base. Cairo, Egypt is the third largest city in Africa and the largest one in the Arab world. Johannesburg was the wealthiest city in Africa as of 2021. The country led the ranking of wealthiest nations in Africa. It’s home to 8,200 HNWIs, 440 multi-millionaires and 29 centi-millionaires. The Richest Man in Africa. This city in the list of the richest cities in Africa is known for its well-aligned streets lined on both sides with jacaranda trees. Close. Dec 16, 2024 · The top 10 wealthiest cities in Africa have been revealed, and one country dominates the list. What are the richest cities in Africa? Johannesburg, Lagos, Nairobi, Casablanca, Pretoria, Luanda, Accra, and Durban are the wealthiest cities in Africa. May 29, 2024 · Johannesburg holds the title of Africa’s economic powerhouse as it is the richest city in Africa. Net Worth Submenu. Apr 22, 2024 · Johannesburg tops the list with 12,300 millionaires, followed by Cape Town and Cairo. Most of its wealth is attributed to diamond mining. For a monthly overview of economic indicators and infographics, catch the latest edition of the Stats Biz newsletter here. From the bustling streets of Johannesburg, where 12,300 millionaires thrive, to the scenic landscapes of Cape Town with 7,400 affluent individuals, these urban centers drive economic growth. Here are five of Africa's top cities for 2025. Cape Town follows with 7,400 millionaires, 28 centi-millionaires, and 1 billionaire. Johannesburg, South Africa South Africa has always been the most prosperous country in Africa Johannesburg is traditionally considered the wealthiest city on the continent. Africa’s 22 billionaires saw their fortunes rise to a total of $105 Apr 5, 2023 · The city of Johannesburg, established during the Witwatersrand Gold Rush of 1886, holds the title of being the richest city in Africa. Earlier on TUKO. One of the wealthiest cities in Africa, the city's wealth is estimated to be worth $135 billion. Cairo, the capital of Egypt, is the largest city in Africa, with a population of over 16 million. Many countries in the continent are developing and undeveloped. See the rankings, growth rates and sources for each city from 2013 to 2023. ke Nairobi city jumped 26 spots in the Global Start-up Ecosystem Index 2023 ranking, returning to the global top 150 cities. From Cairo in Egypt to Johannesburg in South Africa, these are some of the richest cities in Africa. It is the city with the highest concentration of millionaires and centi-millionaires in the country. FAQS for Most expensive cities to live in Africa. With myriad luxury apartments, family houses with extensive grounds and sprawling golf Sep 14, 2019 · Africa’s richest cities. 10 wealthiest cities in Africa in 2024 1. Nov 19, 2013 · Africa’s most significant cities contribute about 36% ($ 700bn) to the continent’s GDP; a figure that is expected to increase to 1,700 billion by 2030, the report says. The city of Johannesburg, established during the Witwatersrand Gold Rush of 1886, holds the title of being the richest city in Africa. Sep 29, 2023 · From bustling metropolises to charming coastal towns, these cities have become some of the wealthiest cities in Africa. Jan 15, 2023 · As far as the list of richest cities in Africa is concerned, after Johannesburg comes Cape Town – another South African city. Joburg is the richest city in South Africa with M Oct 29, 2024 · By 2030, Cape Town is expected to overtake Johannesburg as the richest city in Africa, making it a preferred retirement destination for the European and African wealthy. Apr 16, 2023 · Say Egypt and thoughts immediately turn to the Nile, Pyramids, and a certain cat-eyed consort of Julius Caesar. 2. Mar 21, 2025 · Wrapping Up: Africa's Richest Cities Leading the Way. Cape Town, the capital of South Africa, is one of the most expensive suburbs in South Africa. By Emily Wright, World News Reporter. The GDP of the city is USD 84 billion, which is higher than a lot of African countries. The City of Cape Town also had the highest average and median household consumption Aug 28, 2023 · Cairo, Egypt’s sprawling capital, is the second richest city in Africa. Cairo, Egypt 4. 2300 millionaires and 100 multi-billionaires have made Accra the home of their dreams. The city is home to a string of beautiful beaches and a plethora of natural attractions like climbing to the top of Lion's Head to view the sunrise or hiking in Table Mountain National Park. South African cities ranks as the top richest cities on the continent, with Johannesburg and Cape Town holding the most HNWI wealth among the major cities covered Jul 19, 2023 · The wealthiest cities in Africa provide the most potential for investment and capital growth because they create markets for purchasing and selling goods on the continent. Total wealth held by Joburg millionaires is $209 billion. Jan 30, 2025 · Africa's richest cities and wealth capitals in 2025, from Johannesburg to Cairo. Apr 18, 2023 · It is situated to the northeast of Johannesburg, the richest city in Africa. Jul 22, 2024 · On a city level, Johannesburg remains Africa’s wealthiest city, with 12,300 millionaires, 25 centi-millionaires, and 2 billionaires. Kigali is also ranked the twentieth of all the top twenty wealthiest cities in Africa. ” Dec 5, 2023 · 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. Johannesburg is known as Africa’s wealthiest city and is the economic hub of South Africa. According to the Africa Wealth Report for 2023, released by Henley & Partners in collaboration with New World Wealth, Johannesburg has the most dollar millionaires in Africa, with 14,600, followed by Cairo in Egypt with 7,400, Cape Town with 7,200, and Lagos with 5,400. Johannesburg, South Africa 2. 7. Cape Town is not just a tourist hotspot but also a thriving economic hub. Africa's wealth landscape in 2025 tells a story of remarkable dynamism and potential. Johannesburg tops the list, followed by Cairo, Cape Town, Lagos, and Nairobi. Which is the richest city in South Africa? Out of the cities in the country, Johannesburg stands as the wealthiest city in South Africa. Major sectors in the city include financial services (banks) and professional services (law firms, consultancies). Mar 29, 2025 · It was a banner year for Africa’s billionaires, whose cumulative wealth surpassed $100 billion for the first time ever. Which is Africa’s richest city? Johannesburg is the richest city in Africa as of 2021. Mar 28, 2023 · The table below shows the richest cities in South Africa: Johannesburg is considered the wealthiest city in Africa, and its most prosperous area is the suburbs surrounding the Sandton City Sep 12, 2018 · These are the richest countries in Africa. Jul 11, 2024 · Is Johannesburg the richest city in Africa? Johannesburg was the wealthiest city in Africa as of 2021. cepvof kxvp ffhjo xwpofe ltuge ylb fdfdy eizpbf tuqccc nsoc ggxp nev soqcjpy ovmnc lvtpwiafg
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