Which cities have the world's wealthiest people, and how does South Africa compare?
New York City has more billionaires than any other city on the planet.
Last month, Forbes reported that 79 billionaires call NYC home, more than Hong Kong, which has 68 billionaires, followed by Moscow with 60, Beijing with 51 and London with 48.
New York’s billionaires are worth a combined $364,6bn, according to the magazine.
According to the South Africa 2016 Wealth Report, published by New World Wealth, by the end of last year there were 2,030 multimillionaires – individuals with net assets of $10m or more – in South Africa, of which 620 were ultra-high net worth individuals (UHNWIs) owning net assets of at least $30m. That figure includes seven billionaires, 91 centimillionaires (net assets worth $100m to $1bn) and 522 affluent millionaires (net assets worth $30m to $100m). Johannesburg is home to the largest portion (44%) of South Africa’s HNWIs, and Mauritius is the fastest-growing destination where South African dollar millionaires choose to live.
This article originally appeared in Neighbourhood, Sunday Times.