Johannesburg Tops Africa Millionaires List

According to a report by AfrAsia Bank and New World Wealth, Johannesburg alone, known as the “city of gold”, is home to 23,400 millionaires. South Africa has 30% of the total. Egypt’s Cairo comes second with 10,200, with Nigeria’s Lagos third with 9,100. The study defines millionaires as people with net assets worth at least $1m (£650,000).

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