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Where Richest People In South Africa Live.


The latest report by New World Wealth shows which areas in South Africa are home to the most high net worth individuals.

According to the report, Johannesburg remains the most popular city for HNWIs, with half of the super wealthy population living there.

In 2014, 23,400 of 46,800 HNWIs called Joburg home, far above South Africa’s second wealthiest city, Cape Town, where 8,900 HNWIs reside.

HNWIs are defined as people who have a net worth of US$1 million or more.

City Resident HNWIs % of total
Johannesburg 23 400 50%
Cape Town 8 900 19%
Durban 2 700 6%
Pretoria 2 500 5%
Other 9 300 20%
Total 46 800 100%

And while Johannesburg has shown double digit growth (13%) in HNWIs since 2007, Durban has had the biggest rise in HNWI residents, showing an increase of 29%.

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Durban includes the affluent suburbs of Umhlanga, La Lucia, Zimbali and Mount Edgecombe.

City Resident HNWIs 2007 Resident HNWIs 2014 % change
Durban 2 100 2 700 29%
Johannesburg 20 700 23 400 13%
Pretoria 2 300 2 500 9%
Cape Town 8 500 8 900 5%
Other 9 200 9 300 1%
Total SA 42 800 46 800 9%

Looking at multi-millionaires – HNWIs worth US$10 million or more – national distribution shows a similar pattern.

Joburg is the top city, home to 990 (48%) multi-millionaires, followed by Cape Town with 380, and Durban with 120 individuals.

City Resident HNWIs % of total
Johannesburg 990 48%
Cape Town 380 18%
Durban 120 6%
Pretoria 110 5%
Other 460 22%
Total 2 060 100%

Here are the top multi-millionaire suburbs in South Africa:

Sandhurst home

Sandhurst home

Suburb Region Resident HNWIs
Sandhurst Johannesburg 130
Hyde Park Johannesburg 120
Bryanston Johannesburg 120
Knysna & Plettenberg Bay Garden Route 80
Houghton Johannesburg 60
Umhlanga Natal 60
Westcliff Johannesburg 50
Camps Bay Cape Town 50
Bishopscourt Cape Town 40
Constantia & Tokai Cape Town 30
Clifton Cape Town 30
Bantry Bay Cape Town 30
Fresnaye Cape Town 20
Llandudno Cape Town 20
Stellenbosch Western Cape 20
La Lucia Natal 10
Franschoek Western Cape 10
Hermanus Garden Route 10

New World Wealth also listed the most popular estates by the number of multi-millionaires living in them.

The top estates are Zimbali Estate in KwaZulu Natal, and Erinvale Estate in the Western Cape, which are home to 20 multi-millionaires each.

Zimbali home

Zimbali Estate home

Estate Region Resident HNWIs
Zimbali Natal 20
Erinvale Western Cape 20
Blair Atholl Johannesburg 10
Silverhurst Western Cape 10
Dainfern Johannesburg 10
Steenberg Western Cape 10
Fancourt Garden Route 10
Pezula (Golf & Private) Garden Route 10
Pearl Valley Western Cape 5 to 10
Silver Lakes Pretoria 5 to 10
Waterfall Equestrian Estate Johannesburg 5 to 10
Mount Edgecombe Natal 5 to 10
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