Where do the super-rich in SA live?

Once upon a time, Gauteng was home to some of the richest people in South Africa, with the City of Gold’s Sandton presented as the richest square mile in Africa. However, tables have turned as Cape Town has been announced as the city with the most centi-millionaires in the country, with Johannesburg second and Durban third. Henley & Partners recently released its Centi-Millionaire Report for 2024 which details where the richest in the world reside, and where they go on holiday.

Mother City is home to SA’s richest Centi-millionaires are individuals with liquid investable wealth of $100 million or more. According to the report, the city with the richest people in Africa is Cairo, with 30 centi-millionaires. Cape Town, the Mother City, came in second on the African continent with 28 centi-millionaires living in the city.

ALSO READ: Cape Town CBD property investments double to R7 billion in 2023 There are only 25 centi-millionaires residing in Gauteng. The report lists Durban as the third city in the country to have the richest people, with 11 centi-millionaires residing in the area. South Africa’s loved holiday destination The report lists Cape Town as the most loved holiday destination in the country, with over 150 centi-millionaires owning second homes in the city .

The Mother City is the only city that shows as the elites’ favourite holiday destination in the country. Globally, Miami is the most loved holiday destination, with over 650 centi-millionaires owning second.