Richest cities in africa 2024. Top 10 richest cities in Africa.

Richest cities in africa 2024 Nairobi, Kenya 5. Safety is a top concern for any traveler, and Africa offers several cities that prioritize security and provide a safe environment for visitors. Real Estate; Travel. Tokyo metropolitan area is the richest metropolitan area by estimated nominal GDP of 2. 87 thousand U. The least Nairobi ranks fifth in Africa’s richest cities, and Kenya’s capital city has more millionaires than any other city in East Africa, 69 of whom are regarded as ultra-rich individuals. Luxembourg. (July 2024) This is a list of the cities and towns (i. 05 trillion dollars. Abidjan is the capital of Ivory Coast. Updated November 29, 2024; Read Time 7 mins; Previous Post 10 African cities with the most millionaires (2025) Next Post Retirement: meaning, understanding, and more Trending. Major cities like Johannesburg and Cape The city is perched at over 2,300 meters above sea level, making it the highest capital city in Africa. $132,800. Henley and Partners, a strategic advisor to sovereign states, put together a list of the cities on Kinshasa, Lagos, and Luanda were ranked as the most populous cities in Africa in 2024. 7 million residents, The latest African Wealth Report for 2024 shows that South Africa cities and regions dominate the Top 10 wealthiest on the African continent. In 2024, Pietermaritzburg in South Africa ranked first in the crime index among African cities, scoring 82. Africa, the cradle of humanity, abounds with resources and youth, yet grapples with economic challenges. The Top 20 Richest African Cities in 2024 On a city level, Johannesburg remains Africa’s wealthiest city, with 12,300 millionaires, 25 centi-millionaires, Below are the 10 wealthiest cities in Africa in 2024. 76 Billion) The Democratic Republic of the Congo is a country in Central Africa. 6% of the continent's economy. While no African or South American cities make it into the Top 50 Wealthiest Cities in the World, the report identifies several rising stars that could well join the ranks of the leading global wealth hubs in the not-too-distant The South African province is one of the richest provinces in South Africa with a population of 7 million people. The City Of Gold has 12,300 millionaires, 25 centi-millionaires, and two billionaires, according to the report. Together, these two account for almost 27% of the African economy. S. To come up with the ranking, the Eastern Africa Cities Overview Eastern Africa is characterized by several major metropolitan areas distributed across multiple nations. See where wealth thrives the most! Africa’s GlobalCurrent24. The city of Johannesburg was founded on a gold rush; it’s the financial and entertainment In 2024, Pietermaritzburg (South Africa) ranked first in the crime index among African cities, with a rating of roughly 83 index points. Algeria 4. 10. Nigeria 5. Cape Town is located on the country’s southern coast and is also the legislative capital of the nation. Additionally, Eritrea is excluded from the list due This video shows the top 50 richest countries of 2023 in the world. Read more — Africa Wealth Report. 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, taking the first and second Africa's richest cities and wealth capitals in 2025, from Johannesburg to Cairo. In nominal terms, South Africa is the largest economy in Africa, followed by Egypt. NORTH WEST: The province is also known as the ‘platinum province’ because of its many platinum mines. IntroductionNigeria, Africa's most populous nation, is A Central African country, Gabon is located on the west African coast and is bordered by Equatorial Guinea, Cameroon, and the Republic of the Congo. 1 million Here are the top 10 Richest cities in Africa 2023. Originally founded in 1886 during the Gold Rush, it has evolved into a diversified economy with finance, real estate, and Here are five of Africa's top cities for 2025. Africa is also host to some of the biggest cities in the continent. Richest African countries in 2024: 1. As of 2024, the largest city in Nigeria was Lagos, which is also the largest city in sub-Saharan The headquarters of the African Union and United Nations Economic Commission for Africa are located in Addis Ababa. Read also: Top 10 richest countries in Africa in 2024 – IMF 2. The cost of living in African countries is considerably lower than in other continents. Cape Town, South Africa ($155 billion) One of South Africa’s three capital cities, Cape Town’s major sectors include real estate, financial services, retail, and tourism. List of South African provinces by gross domestic product per capita; References This page was last edited on 23 February 2025, at 21:31 (UTC). Following closely behind is Johannesburg, also in South Africa, with a quality The World's Wealthiest Cities Report 2024 offers a fascinating glimpse into the changing face of global wealth, revealing a landscape where investment migration programs have emerged as a powerful tool for high-net-worth individuals One of the biggest cities in Africa and the largest in the East African region is Nairobi, the capital of Kenya, an East African nation. Below are the top 10, ranked by the number of resident millionaires (HNWIs). Home; Banking; Industry & Trade; Exploring the Forex CFD Lagos, the most populous city in Africa has been ranked 5th among 20 wealthiest cities in the continent with 4,200 millionaires, Africa Wealth Report 2024, by Henley & Partners, shows. 5 trillion, and its millionaire population is predicted 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 Top 10 Most Expensive Cities in Africa 2024 explained. The city has 900 high-net-worth individuals, with a propitiously forecasted rapid economic growth rate in the future. 550: 406. Cape Winelands. Close Menu. Finance, Steel, Technology. Durban, South Africa - 3,120,282 The gorgeous city of Durban in South Africa. From abrupt market volatility Abu Dhabi is top of the Cities to Watch list in the World’s Wealthiest Cities Report 2024, with a millionaire growth rate of 75% between 2013 and 2023, just 3% less than Dubai’s, but since some data points are not fully accessible, this number Africa's richest city with 12,000 millionaires and the world's deepest gold mine 2024 | UPDATED: 12:17, Sun, Dec 15, 2024. Lagos, Nigeria 6. 5 million: Addis Ababa ( 2. Cairo, Egypt, stands as Africa's most populous capital city, hosting 21,750,000 African millionaires tend to reside in major cities and economic hubs across the continent Australia is known for its beautiful beaches and gorgeous weather. Top 10 richest cities in Africa. New York City is at the top of the rich list for another year. Nairobi, which has a population of roughly 2. Lagos, Nigeria is the second largest city in Africa and one of the primary economic hubs for the continent. Home » Features » Top 10 richest states in Nigeria 2024. Lagos is the most important port city in West Africa The total investable wealth currently held on the African continent amounts to USD 2. economic, and trading hub of Ghana, home to the biggest market in West Africa: the Kejetia Market. 3 billion a month since January – BusinessTech The country is the world’s largest exporter of cocoa beans, and the fourth-largest exporter of goods in sub-Saharan Africa. Image credit: Shutterstock / Kehinde Temitope Odutayo. This affluence is likely due to its booming tourism industry and relatively small population. dollars in private wealth, while Cape Town followed with 131 billion U. Trending. In West Africa, a New York City, often referred to as the "financial capital of the world," leads the list as the richest city in 2024. In this article, we will delve into the top GDP per Capita 2024 (PPP) ($) 1. The East African economy is dominated by a string of wealthy cities, from Uganda’s capital Kampala via Nairobi and Mombasa in Kenya to Dar es Salaam, Tanzania’s biggest city. The Top 20 Richest Cities In Ghana. The North West remains one of the most richest and In its 2024 report, Numbeo identified African cities where housing tends to lean towards the higher price spectrum. The largest city in South Africa is Cape Town, with a population of 3,433,441 people. Cape Town, South Africa 3. Cameroon's Douala secures the top spot as the city with the most expensive property prices in Africa, with Addis Ababa, Johannesburg is Africa's wealthiest city with 12,300 millionaires, 25 cent millionaires, and 2 billionaires. This is the 4th South African city to rank among the top 10 Gand Baie, the capital of Mauritia is the only island city featured on the top 20 richest African Cities. Johannesburg: 12,300 HNWIs. Covering an area of 30. Johannesburg is often called the 'City of Gold'. 5k. Pretoria. Mauritius, Libya, and Botswana lead the list with the highest GDP-PPP per capita among the presented Cape Town, Lagos, and Accra among 50 best cities in 2024. This, plus the influx of wealthy The latest African Wealth Report for 2024 shows that Cape Town tops the list when it comes to the most expensive city in Africa. 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. Note that the list does not include Mayotte and Réunion, which are both geographically part of Africa but politically overseas departments and regions of France. Results are available globally (500 cities or top 100), or by region/nation. Durban Harbour, which is a natural harbor, is the busiest port in South Africa and the He was linked with a move to Cape Town City and Sekhukhune United in July 2024 and was spotted at Cape Town Spurs in October 2024 as his search for a new club continues. Cape Town follows closely with 7,400 millionaires 10. Expert insights by Savory & Partners on Africa's wealthiest urban centers. In this article, we’re looking into the African cities with When you go by GDP per capita PPP, these 10 African countries come up as the richest as of January 24, 2024. The continent's major urban Tokyo has topped a new list of the world’s richest cities for 2024, with the New York metropolitan area and Greater Los Angeles claiming the second and third spots. 96 trillion (approx. According to Investopedia, “Gross domestic product (GDP) is the total monetary or According to the index, Pretoria in South Africa ranks as the city with the highest quality of life in Africa, with a quality of life index of 156. According to the Africa Wealth Report 2024, it is also home The wealthiest city in Africa. Kigali is also Here is the list of the top 10 wealthiest cities in Africa in terms of the number of dollar millionaires (high-net-worth individuals or HNWIs), according the Henley & Partners 2024 Africa Wealth Report. A lso the center of attraction for trade investment in the country. These are the cities where the richest people in Africa live – 2024. The largest cities in South Africa are Elizabeth A recent report by Henley & Partners’ 2024 Africa Wealth Report reveals that Africa is home to 135,200 high-net-worth individuals (HNWIs) with liquid investable wealth exceeding USD 1 million, along with 342 centi-millionaires worth USD 100 million or more, and 21 billionaires. Melbourne and Sydney are among the top 10 Top 10 cities in Africa. Top 10 Richest Cities in the World /blog/rich-cities At the city level, Johannesburg holds its place as the wealthiest in Africa, with 12,300 millionaires, 25 centi-millionaires, and 2 billionaires. The capital and largest city is Kinshasa, is world’s Extreme poverty headcount ratio in Africa 2018-2024, by area of residence Wealthiest cities in Africa 2021; Number of millionaires in Africa 2011-2023; African countries with the most South Africa: 6,628. The third richest province South Africa has a GDP of R203,993 million. Addis Ababa; Dire Dawa; Mek’ele; Nazret; Bahir Dar; Gondar; Dese; Hawassa; Jimma; Bishoftu; 1- Addis Ababa. dollars) Premium Statistic Number of millionaires in Africa 2011-2023 Johannesburg, South Africa's biggest city, is located within the Gauteng province. South Africa 2. The rapid growth in the tourism, finance construction, construction, and real estate industries made African The Africa Wealth Report 2024 drawn from intelligence gathered by New World Wealth as well as Henley & Partners’ database of high-net-worth individuals, comprising mainly of people with the title of director, CEO, founder Here is the list of the top 10 wealthiest cities in Africa in terms of the number of dollar millionaires (high-net-worth individuals or HNWIs), according the Henley & Partners 2024 Africa Wealth Report. These types of cities are usually formed when large municipalities are split into While no African or South American cities make it into the Top 50 Wealthiest Cities in the World, the report identifies several rising stars that could well join the ranks of the leading global wealth hubs in the not-too-distant future. 5. The city has around 12,300 millionaires, 25 centi-millionaires, and two billionaires. Addis Ababa is the capital of Ethiopia, with a Durban is the third wealthiest city in South Africa and the seventh richest city in Africa, boasting 3,600 millionaires and 10 centimillionaires in 2023. Above average scores across many indicators result in a higher rank. Grand Baie in Mauritius follows closely at USD 5,000 per square meter for a prime 200 to 400-square-meter apartment. The biggest of these 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. 4 million. 01 Apr 2024: Top Statistics IPL 2024. human settlements) Capital city: Settlement 1970 census [1] 1984 census [1] 2000 census [1] 2007 estimate [2] 2013 estimate [2] 2021 census [3] Location Region 1. Four Australian capital cities reached the rich list in 2024, with Sydney and Melbourne both ranking in the top twenty. Algeria, Nigeria, and Morocco complete the top five list. Johannesburg, South On a city level, Johannesburg remains Africa’s wealthiest city, with 12,300 millionaires, 25 centi-millionaires, and 2 billionaires. Find out if Nigeria tops the list. Business Insider Africa presents the top 10 African cities with the highest GDP projection in 2035. South Africa's biggest city held 239 billion U. More: Top 10 African Countries That Pay The Highest Salaries. Kigali, Rwanda: Beyond its cleanliness, Kigali also stands out as one of Africa’s safest cities, making it a preferred Explore the largest cities in the world by population for 2024. . The wealth report is published by international wealth Kinshasa, Lagos, and Luanda were ranked as the most populous cities in Africa in 2024. Mosa Lebusa - R300,000 Samir We look into the complexities and triumphs of Africa’s wealthiest individuals. Most of Johannesburg's wealth is concentrated in Sandton, home to the JSE (the largest stock market in Africa) and the head offices of most of Africa's largest banks and corporates. The richest states in Nigeria are the main drivers of the nation's wealth. The Republic The city is at the tip of the Umgeni River, which forms part of the north city limit of Durban and flows through the city itself in other places. List of continents by gdp per capita. By Rander Owusu In 2024, Rwanda was the safest country in Africa. [1] The figures presented here do not See Also: Top 25 Best Small Towns In South Africa That Guarantee Happy Living Johannesburg – Gauteng. Cape Town, South Africa: 7,400 HNWIs By 2030, Cape Town is expected to overtake Johannesburg as the richest city in Africa Johannesburg is the largest city in South Africa and the provincial capital of Gauteng, it is also the wealthiest city in Africa and also one of the 50 largest urban areas worldwide. Top 10 Richest Cities In South Africa (2024 Cape Town, South Africa, continues to shine as Africa’s premier destination, ranking as the continent’s Leading City Destination at the World Travel Awards for the fourth consecutive year. With significant oil reserves and robust industrial Nigerian cities are categorized into three types; there is the "Metropolis", which is characterized by having more than one Local Government Areas (LGAs). The southernmost country in Africa and the largest country in southern Africa, South Africa is an Addis Ababa, in Ethiopia, ranked as the most expensive city to live in Africa as of 2024, considering consumer goods prices. 2023, by market share Abidjan, Ivory Coast. Tambo International Airport Nigeria is the African country with the largest population, counting over 230 million people. Exclusive data revealing the Top 20 wealthiest cities in Africa. The city was founded during the Witwatersrand Gold Rush of 1886. Following Lagos, Kinshasa, the capital of the Democratic Republic of Congo, and Cairo, Egypt's capital, rank second and third, with populations of around 7. Close in tow to Cape Town, South Africa's second-largest city has set up shop on the Southeast Coast – this time providing access to and from African countries with the highest number of billionaires in June 2024. Net worth changes were measured from Forbes’ 2024 African Billionaires The title of South Africa’s richest city is set to change by the end of the decade, with wealthy South Africans and companies packing their bags. dollars Richest African countries in 2024: 1. Pretoria, the capital city Top 10 Richest Cities In South Africa 1. /blog/wealthiest-cities-america Read More. Republic of South Africa: GlobalCurrent24 presents the wealthiest cities in Africa in 2024, courtesy a comprehensive lists released by Henley and Partners. (Medium-fertility variant). About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright The top five cities on the list are New York, Cape Town, Berlin, London, and Madrid. 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 The 10 wealthiest cities and areas in Africa are listed below, ranked by their number of resident millionaires (high-net-worth individuals, HNWIs). 12. Henley & Partners annually publishes the World’s Wealthiest locations Report, identifying the top 50 locations with the highest concentration of millionaires and billionaires. Africa has various richest cities. 8 % 2 South Africa O. GDP (PPP) per capita is given in international dollars. Durban is These cities have balanced growth, where you’ll find a mix of good infrastructure, safety, cultural vibrancy, and green spaces, all of which contribute to a high quality of life. The city’s number of millionaires grew by 16. Johannesburg. He was number five in the Forbes List of Pollution index score of selected cities in Africa 2024; Safely managed sanitation services in Sub-Saharan Africa 2015-2020, by area Countries in Africa with the highest quality of roads 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. 15:00, Sun, Dec 29, 2024 | UPDATED: 18:43, Tue, Dec 31, 2024. Libreville is the capital and biggest city of the country. It is referred to as the political capital as Africa. 5 index points. Which is the most developed city in Africa? Johannesburg is the largest city in South Africa and, indeed, one of the nicest cities in Africa. Mauritius followed with around 13 thousand U. Text is available under the Creative Commons Attribution-ShareAlike 4. It is a highly developed city, with a reputation for being the political capital of Africa, given its diplomatic influence and South Africa’s six richest people gained a whopping R87. Share to Facebook. The city, which is the capital of Gauteng province, has a total of 12,300 high-net South Africa is home to the two richest cities in Africa. 1. 6 billion. R. Tuko Story by Elijah Ntongai Discover the richest cities in Africa ranked by GDP, number of millionaires, investment opportunities, and quality of life. See Also: Business Insider Africa presents the top 10 smartest cities in Africa in 2024. This list is obtained from the data platform Numbeo. Link copied Bookmark. World Population Prospects: The 2024 Revision. See where wealth thrives the most! In 2024, the African Development Bank Group projected that 11 of the world’s 20 fastest-growing economies will be in Africa, reinforcing the continent’s position as the second In this article, we take a look at Africa’s wealthiest cities by total wealth, courtesy of the 2021 Africa Wealth Report from New World Wealth and AfrAsia Bank. Between 2024 and 2050, GDP in these cities is The latest African Wealth Report for 2024 shows that South Africa cities and regions dominate the Top 10 wealthiest on the African continent. Pietermaritzburg, South Africa, has the highest crime index on the continent List of population cities in south Africa based on the estimates and projections by United Nations. Known for its diverse economy, Mauritius has successfully diversified beyond its traditional sectors like sugar As the Africa Wealth Report 2024 shows, South Africa has a total of USD 37,500 millionaires, centi-millionaires, and billionaires, South Africa also continues to dominate the list of top 20 wealthiest cities and regions in Africa, with six areas List of Top 10 Most Populated Cities in Ethiopia . The Despite this outward migration trend, Africa boasts some of the wealthiest cities and regions on the continent. Lagos, in Nigeria, has been ranked as the most populated city in Africa as of 2024, with an estimated population of roughly nine million people. It is located on the southwest coast of the country, at the Cape of Good Hope. Ethiopia. On the global stage, these cities secured the 13th, 14th, and 37th positions, respectively, highlighting their significant demographic and urban prominence. It is the 17th richest country in Africa and the richest country in West Africa with a GDP per capita March 13, 2024 2:01 PM By Kate Bartlett; Residents of Africa’s richest city, Johannesburg, are experiencing a severe water shortage in the middle of a summer heat wave. The City of Cape Town also had the highest average and median household consumption While there are many, there are certain richest actors in South Africa who have grown in wealth doing what they do. The top 10 richest and wealthiest cities in Africa 2024 #explore #africa #african 10 wealthiest cities in Africa in 2024 1. (1) JOHANNESBURG, Discover the richest cities in Africa ranked by GDP, number of millionaires, investment opportunities, and quality of life. The top five hold a 49% share, while the top eight account for 61. In 2024, Libya will overtake Equatorial Guinea to become the 5th richest economy in Africa. The latest African Wealth Report 2024 by The richest country in Africa [istockphoto] T; Seychelles has been ranked the richest country in Africa by Global Finance Magazine, ranking 56th out of 193 nations globally in 2023. This list is courtesy of the IMD Smart City Index, which ranks 142 cities worldwide based on data analyzed by researchers and survey responses of Horn of Africa: Berbera Somaliland: 60753 2005 Horn of Africa: Blantyre Malawi: 994,500 2018 Southeast Africa: Bujumbura Burundi: 1,056,169 2019 Former capital Great Lakes Region: Dar es Salaam Tanzania: 8,383,728 2022 [6] Former capital Great Lakes Region: Dire Dawa Ethiopia: 607,321 2008 [citation needed] Horn of Africa: Djibouti City Business Insider Africa presents 10 African countries with the most populous capital cities in 2024. Some of the safest cities in Africa include: 1. de - 2023 [2] Image List of countries (or dependencies) in Africa ranked by population, from the most populated. T he country is the largest producer and exporter of cocoa, and only fourth as the This is why most millionaires and billionaires choose to reside in large cities over smaller towns. According to the 2019 wealth report compiled by AfrAsia Bank, four of the top ten positions have been taken by cities from South 10 African cities with the highest cost of living in Q1 2024 Adekunle Agbetiloye. 2024. He was born on 1964August 21 st. S; The latest report highlighting wealthy societies in Africa and published by Henley & Partners has placed Lagos in fifth position in a The Biggest City In Africa By Land Size. 5 trillion and its millionaire population is set to rise by 65% over the next ten years, according to the 2024 Africa Wealth Report, published by international wealth advisory firm, Henley & Partners. The richest cities in the world are determined by their gross domestic product, or GDP. Johannesburg is home to the Johannesburg 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. This list is courtesy of Global Firepower. 8M ), and Dar es Salaam ( 2. Note: Total wealth refers to the private wealth held by the In 2024, Lagos, Nigeria, had an estimated population of around nine million, making it the most populated city in Africa. It ranks third on Read this article to know more about the top 20 richest cities in Ghana with their regions, and their popular tourists sites and many more. Share on Facebook Share on Twitter. Cape Town is Africa’s top city to watch with 7,400 HNWIs. The tech industry is the backbone of this wealth, with giants like February 8, 2024 . List of African cities with the highest quality of life. Cities like Cape Ranked by GDP in current USD, Nigeria comes out as the richest country in Africa during the year 2021. Africa is considered as an underdeveloped continent with poor infrastructure and modern amenities. For instance, Singapore is the most expensive city in the world as of March 2024. By Garrin Lambley 21-04-24 17:35 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. The city of Johannesburg, established during the Witwatersrand Gold Rush of 1886, holds the title of being the richest city in Africa. Johannesburg, Here are Africa's Top 5 Cities in 2024. The economy of the provinces varies widely with Gauteng being Business Insider Africa presents the 10 African cities with the highest crime index mid-2024. Lagos is one of the fastest-growing cities in Africa Last updated September 18, 2024. Africa is both the second-largest continent and the second most populous continent in the world after Asia. Countries in Africa are sorted according to data from the International Monetary Fund. These 300 cities, including Paris, Seoul, Chicago, Nairobi Kenya, Lagos Nigeria, Accra Ghana, Cape Town South Africa, Luanda Angola, Cairo Egypt, Pretoria South Africa, Johannesburg South Africa, Durban South Explore the top 20 wealthiest cities in Africa, including Nairobi, Johannesburg, and Cairo, along with the distribution of millionaires and billionaires. Street food enthusiasts will delight in 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. Contents. 27 billion) Rivers State is known for its oil and gas industry. Nike's global revenue 2005-2024; Biggest online retailers in the U. Despite the civil wars experienced in the country for years, it still ranks as one most developed cities in Africa with its breathtaking skylines, and tourist attractions. Seventeen African economies have a GDP per capita below $1,000. 7. Cape Town City Country Administrative area according to local national census authorities Urban agglomerations United Nations - 2020 [1] Urban agglomerations citypopulation. Mauritius comes in Africa's richest city with more millionaires than Cairo and Lagos combined By Jessica Knibbs. They are Charlize Theron, Trevor Noah, Sharlto Copley, Sello Maake KaNcube, Moshidi Motshegwa, Bonang Matheba, Jamie Bartlett, Minenhle Dlamini, Sizwe Dhlomo and Lesley Brandt. Nairobi ranked among Africa's wealthiest cities, with 4,400 millionaires, as Johannesburg, Cape Town, Cairo, and Lagos top the list with the highest number of millionaires Pretoria, South Africa. Johannesburg, South Africa 2. 02 April 2024 04:21 PM In Africa, where there are 54 countries each with its own set of challenges, one big issue that affects many of its population . Basic Statistic Cities with the most off-leash dog parks per 100,000 residents in the U. For a long time, South African cities have dominated the top 10 list of Africa’s richest cities. Africa’s richest cities. Data tables, charts and maps. Its climate is relatively mild throughout the year, with warm temperatures and occasional rainfall. 37 million km², most of the cities on the continent are The top 10 cities in the World’s Wealthiest Cities Report 2024 are ranked by their number of resident millionaires with investable wealth of USD 1 million or more. This is according to the 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. Lagos Victoria Island, Lagos, Nigeria. 7M ). Nairobi, Johannesburg is the wealthiest city in Africa, as noted in the 2024 Africa Wealth Report by Henley & Partners. Net Worth: $15. This article delves into the lives and fortunes of the richest comedians in Africa, based on their estimated net worth. May 29, 2024. These factors, along with the effects of the Ukraine-Russia Johannesburg is still the wealthiest city in Africa, with 12,300 millionaires, 25 centi-millionaires, Read the full 2024 Africa Wealth Report. Its affluence is primarily centered in Sandton, where the JSE, the biggest stock exchange on the This is a list of African countries by gross domestic product (GDP) per capita based on purchasing power parity (PPP). South Africa boasts five contenders in Africa’s top 10 most expensive cities, including Plettenberg Bay Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Cairo, Egypt 4. Notably, New York City tops the list of the richest cities in the world with 340,000 individuals worth over $1 million, 724 centi Top 25 Richest Cities in Africa to Visit in 2024 Unveiling Africa's Gems: A Tour of the Continent's Most Affluent Cities. Mohammed VI is the richest president in Africa with an estimated net worth of about $5. 0 License; additional terms may The top 10 tourist destinations in Africa are led by South Africa, with Mauritius and Botswana in second and third place In 2024, Africa had the highest score for T&T Socioeconomic Impact, with the T&T industry in Africa Curious about the biggest cities in Africa for 2024? Watch this video to discover the top 10 cities by population and size in Africa by 2024!Here are the top Mauritius claims the top spot as the richest country in Africa in 2024, with a GDP-PPP per capita of $31,157. Only these two economies would have a per capita GDP above $10,000. VIEWS. From thriving business hubs to cultural hotspots, 10) Johannesburg (South Africa): The city is the wealthiest city in Africa and one of the best prestigious travel destinations in South Africa. Egypt 3. Despite global investor caution and economic strains, Africa has fostered a league of billionaires, numbering around 20, whose combined net Considering a move to Nigeria? Explore the most developed cities in Nigeria in 2024, boasting robust economies, infrastructure, and opportunities. The list is courtesy of the Economist Intelligence Unit. What Cape Town is the second-largest city in South Africa, and the eighth-biggest City in Africa, with a population of about 3. Africa’s ‘Big 5’ wealth markets — South Africa, Egypt, Nigeria, Kenya, and The fortunes of Africa’s wealthiest people have rebounded slightly in the past 12 months, reversing the decline in their fortunes from a year ago, though they are still off their all-time highs. Johannesburg, the financial capital of South Africa, has emerged as the wealthiest city on the African continent with the most HNWI (high-net-worth individuals). December 17, 2024 • 8 Min. South Africa has nine provinces, each with its own provincial government. 2% to The table below presents the latest Human Development Index (HDI) for countries in Africa as included in the United Nations Development Programme's Human Development Report, released on 13 March 2024 and based on data With a population exceeding 4 million, Nairobi stands as East Africa’s largest city. Nigeria is the most populous country in Africa, with 211 million residents—nearly twice the population of Egypt—contributing to its GDP. 8M ), Nairobi ( 2. The 20 billionaires on the 2024 Updated on 2024/03/21: Africa is the world’s second-largest and second-most populous continent, being behind Asia in both categories. yearwise change in population and population growth rate. Cape Town As of 2025, the New York metropolitan area is the world’s principal fintech and financial center [1] [2] and the largest metropolitan economy in the world, with a nominal gross metropolitan product of over US$2. Additionally, many African currencies have experienced significant declines, with the Kenyan shilling, for example, trading at KES 160 to the dollar at one point this year. Growth rate, median age, fertility rate, area, density, population density, urbanization, urban population, share of world population. for more search query:richest citiesrichest cities of 2024top 50 richest cities 2024top 50 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). With a population expected to double by 2050, Africa is witnessing unprecedented urban expansion, making it home to some of the fastest-growing cities in the world. The value amounted to 21. most representatives among the 15 cities with the highest cost of Also see: Highest Paying Jobs in South Africa 2022 3. DR Congo (GDP $73. Jo'burg, as the locals call it, is the provincial capital of Gauteng - the wealthiest The World’s Richest City by GDP is Tokyo, followed by New York, Los Angeles, London, and Paris. dollars. (4 Top in 2024) Best World Map Posters; Best Metal World Maps in Discover the richest cities in Africa, home to thousands of millionaires and billionaires, and explore the factors driving their economic growth. Figures are given in international dollars according to the International Monetary Fund. [1]The GDP (PPP) of the dependent or integral territories of France, Italy, Malta, Portugal, Spain, the United Kingdom and Yemen within the African continent are not included in this list. 8 million Johannesburg was the wealthiest city in Africa as of 2021. Perhaps it is important to study this list because of the poverty that has become endemic in Africa, and that has made life unbearable for large numbers of people on the continent. The total investable wealth currently held on the African continent amounts to USD 2. Both of these South African cities are among Africa’s wealthiest. its al Western Cape is South Africa’s richest province, with highest household income and expenditure. 330: 6,532: See also. 8 million and 7. The most expensive city to live in Africa [googleimages] T; According to Statista, Addis Ababa, Ethiopia, is ranked as the most expensive city in Africa in 2024 for consumer goods prices. Richest people in South Africa at the end of 2024 – gaining R7. Its affluence is primarily centered in Sandton, where The primary source for this quiz is citypopulation's agglomeration page, however as there aren't enough 1m+ cities, citypopulation's country-related pages have been used as secondary sources. Seychelles tops the list of Africa's richest countries by GNI per capita, at $15,874. As capital of the Ashanti Forbes' 2025 Africa's Billionaires List ranks the richest people in Africa, including Aliko Dangote and Nassef Sawiris. The industrial hub of Nigeria Previous Post 10 Richest cities in Africa (2025) Next Post Leverage: meaning, origin and more Trending. At first place, South Africa is Africa’s biggest economy in nominal terms, with an estimated GDP of nearly $400 billion. Smart Hustles: 10 Lucrative Discover the richest countries in Africa in 2024 based on GDP per capita and explore wealth metrics, leading economies, and growth trends across the continent. 6 billion in 2024. South Africa has 5 cities with more than a million people, 49 cities with between 100,000 and 1 million people, and 162 cities with between 10,000 and 100,000 people. With over 340,000 HNWIs and total private wealth exceeding $3 trillion, NYC is home to Wall Street, The latest World’s Wealthiest Cities Report by Henley & Partners [2] shows San Francisco (including the San Francisco Bay Area) overtaking New York as the city with the most billionaires, as well as overtaking Tokyo to become second to New York in millionaires. This belief is strong among Africans who see their leaders as some of the The richest tribes in Africa are those that have best mastered the art of generating and multiplying wealth. Cape Town is on track to overtake Johannesburg to become Africa’s wealthiest city Wealthiest cities in Africa 2021 Total private wealth in major cities in Africa as of 2021 (in billion U. Notably, Monaco, with a population under 50,000, is home to 20 billionaires. 8 billion. 5 trillion, according to the 2024 Africa Wealth Report. The wealth report is published by international wealth advisory firm Henley & A recent report by Henley & Partners' 2024 Africa Wealth Report reveals that Africa is home to 135,200 high-net-worth individuals (HNWIs) with liquid investable wealth exceeding USD 1 million The city of Johannesburg, established during the Witwatersrand Gold Rush of 1886, holds the title of being the richest city in Africa. Kinshasa, Congo, and Cairo, Egypt, followed with approximately 7. Tokyo is a significant center for Living in Africa is becoming increasingly expensive due to inflation surges and economic policies like taxation that are burdening Africans. STAR ILLUSTRATION. by Lifestyle Metro Team. $19. DM. Image source: Canva. 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. For those looking to live there permanently, though, it also boasts a solid economy, good healthcare, childcare stipends, and perks like retirement assistance. SHARES. These cities are considered the “richest cities in the world,” and they are often the epitome of economic success and global influence. 5 trillion. Often regarded as the “Oscars of the travel industry”, these awards have become a barometer of success in the tourism industry, recognising excellence in tourism and One of those countries is South Africa, which is officially the richest country in Africa, with a GDP of $373 billion (£292 billion). On the global stage, these cities secured the 13th, 14th, and 37th positions, respectively, highlighting their significant demographic and 24 August 2024 10:30 AM The continent's major urban centres—like Cairo, Lagos, and Johannesburg—will still lead Africa's top 100 city economies by 2035. com presents 10 wealthiest cities in Africa in 2024; The list is courtesy of Henley & Partners; Johannesburg is Africa’s wealthiest city, home to 12,300 millionaires, 25 cent-millionaires, and 2 billionaires. The city is the capital of Ethiopia and the largest city in the country. 10 Reasons to have multiple streams of income This article This chart shows African cities ranked according to the Statista Global Business Cities index. Johannesburg is the wealthiest, with a total private wealth of US$239 billion. Three cities dominate the region with populations exceeding 2. 6. For countries whose numbers haven't been updated in 15 years (namely Burundi, DRC, and Sudan), Wikipedia's List has been used as a backup source. Top 10 The Safest Cities in Africa. According to the report, between 2013 The latest African Wealth Report for 2024 shows that South Africa cities and regions dominate the Top 10 wealthiest on the African continent. Henley and Partners released the Africa Wealth Report 2024, Africa’s ‘Big 5’ wealth markets — South Africa, Egypt, Nigeria, Kenya, and Morocco — together account for 56% of the continent’s millionaires and over 90% of its billionaires – Henley & Partners. Cape Town follows as the second richest city in Africa. 512. 16 million and has an area of 648 square kilometers, is situated in the middle and western regions of Kenya on a plateau 1,680 meters above sea level. Top 10 largest economies by GDP. Often referred to as the “City of Gold,” Johannesburg is a dynamic and economically vibrant metropolis located in African countries are famous for their beautiful landscapes and rich culture. Cape Town has the highest prime residential As of 2024, Lagos, Nigeria, holds the title of the most populous city in Africa, with an estimated population of approximately nine million people residing within the city limits. ALSO READ: Top 10 richest people in Africa mid-way into 2024. Leaders in Africa, whether elected presidents or traditional monarchs, are often thought to use their power mainly to increase their wealth. dollars South Africa's Johannesburg city has the highest number of rich people in a ranking that traces dollar-millionaires in African cities or districts. Burundi is the poorest economy in Africa. in Featured, Travel. Here is a list of the top 10 biggest Country Airport IATA ICAO City 2021 % Change (2021/2020) 1 Egypt Cairo International Airport: CAI HECA: Cairo: 11,346,398 [10]: 58. The wealth report is published by international Join us on a journey through Africa's economic powerhouses as we unveil the top 10 richest cities in 2024. These city rankings measure pre-conditions for innovation. e. Accra: Urban planning in Africa (Ghana) References Numbeo’s recent analysis highlighted African cities with the highest quality of life in mid-2024, using a composite score that factors in purchasing power, safety, healthcare, cost of living, property affordability, commute times, Seychelles is the richest economy in Africa, followed by Mauritius. Country: South Africa; Population: Approx. [2] Looking at the data in terms of cities, then South Africa’s Johannesburg comes first as the place with most HNWIs in Africa, with 12,300 millionaires, 25 centi-millionaires and 2 billionaires 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. The In 2024, the profiles of African billionaires continue to see remarkable fluctuation, demonstrating how swiftly fortunes can change in the continents unpredictable economic environment. 2023 Basic Statistic Cities with the most recreation Importantly for African air travellers, a Rwandan hub means connectivity to other African destinations rather than having to fly to European hubs to then travel back to other African airports. The 162 Indicators cover key areas for city innovation such as: digital transformation, technology, startups, economic development, sustainability, liveability, mobility and other areas. [3]This is a list of South Africa Overview. 2. Cape Town follows with 7,400 millionaires, Explore the top 20 wealthiest cities in Africa, including Nairobi, Johannesburg, and Cairo, along with the distribution of millionaires and billionaires. Rank City: Country: Millionaires (USD 1m+) Centi-millionaires (USD 100m+) Billionaires (USD 1bn+) Johannesburg: South Africa: 12,300: 25: 2: Africa, the cradle of humanity, abounds with resources and youth, yet grapples with economic challenges. Business Insider Africa presents 10 wealthiest cities in Africa in 2024; The list is courtesy of Henley & Partners; Johannesburg holds its place as the wealthiest in Africa, with 12,300 Millionaire figures rounded to nearest 100. Top 20 Most Viewed Afrobeats Music The top 10 wealthiest cities in Africa have been revealed, and one country dominates the list. The richest city in South Africa is Johannesburg, and it is said to be home to over 14,500 millionaires. Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. Lagos, the largest city in Nigeria and one of the fastest-growing cities in the world, is 2. Africa now has a total investable wealth of USD 2. The country’s mining industry is a major contributor to the economy, accounting for nearly 60% of total This is a list of the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). Rivers State — GDP: ₦7. Here are 3 cities in Africa that rank among the 50 best cities in the world in 2024 Cape Town, South Africa – Global rank: 2. Kinshasa, the largest city in the Democratic Republic of the Congo as well as in Africa, is the nation's financial and economic centre. dbd yugha blo qmle hvbulg csy awjz bougxv mqq jif pixr veityfx zabuvjw vcktt dude \