JOHANNESBURG IS STILL AFRICAS WEALTHIEST CITY IN 2025
Johannesburg, often referred to as the “City of Gold,” continues to lead Africa in terms of wealth concentration. With a population of around 5.6 million, the city is home to approximately 12,300 millionaires and 2 billionaires. Its metropolitan GDP is estimated at about $76 billion.
The city’s economic strength is rooted in its diversified sectors, including finance, real estate, and technology. Affluent suburbs like Sandton, known as “the richest square mile in Africa,” house numerous corporate headquarters and upscale residential estates.
While Johannesburg holds the top position, other cities also showcase significant wealth:
- Cape Town, South Africa: Approximately 7,400 millionaires and 1 billionaire. CitizenX
- Cairo, Egypt: Around 7,200 millionaires.
- Nairobi, Kenya: Approximately 4,400 millionaires. Freepik+2Billionaire Daily+2Business Insider Africa+2
- Lagos, Nigeria: About 4,200 millionaires.
Johannesburg’s position as Africa’s wealthiest city in 2025 is underscored by its substantial number of high-net-worth individuals and robust economic sectors. While other cities are rapidly growing and attracting wealth, Johannesburg’s diversified economy and established financial infrastructure continue to set it apart.
