FM team recently reviewed the 20 wealthiest cities in Africa by total wealth held.


Gaborone, the capital city of Botswana, has been ranked the 16th wealthiest city in Africa. This is according to a report published by AfrAsia Bank and New World Wealth. The report revealed that Gaborone was home to 1 300 dollar millionaires and 50 dollar multi-millionaires (persons with assets worth $10m and above). The wealthiest city in Africa is Johannesburg (including Sandton), which has 18,200 millionaires and 970 multi-millionaires. For the purposes of the report, local high-net-worth individuals (HNWIs) included all people that are working or living in each country, including expats.

Leave a comment

Your email address will not be published. Required fields are marked *