Cape Town is about to see a real wealth boom.
Pringle Bay evacuated after another Western Cape inferno, The man behind the puzzle that 99% can’t solve, Urgent ‘do not drive’ warning issued to some Toyota, GM owners, South Africa kisses over 9,000 millionaires goodbye, and Shoprite’s delivery sales ‘absolutely kills’ rivals.
The only silver lining in this circus seems to be the silver trim your town’s municipal manager is putting on his new Mercedes.
There are 52 African-born billionaires globally, of whom only 23 still live on African soil.
To qualify as a high-net-worth individual (HNWI), you must have a net wealth of seven figures or more in US dollar terms.
There’s a younger yachtie client base climbing the ranks, and they apparently require a boat with a focus on adventure over leisure.
Perhaps the lesson here is to be wary of those who feel the need to be so vocal about their financial success.
When we last checked in on Shezi, he had been charged with two counts of fraud and handed himself over to Gauteng police.
Back in 2015, Sandile Shezi’s name was splashed across headlines dubbing him our ‘youngest self-made millionaire’.
South Africa’s High Net Worth Individuals, defined as someone with a net worth of $1 million (around R14,3 million) or more, have taken a shining to the North Coast.
Superyachts typically fall into the realm of the billionaire, but all hope is not lost for the measly millionaire who wants a shiny new sea toy.
South Africa contributes to the world approximately 38 400 dollar millionaires, being the largest wealth market in Africa.
91-year-old Des Scott, a highly successful businessman from KZN, finds himself at the centre of a family dispute over his fortune.
Not all CEOS got started as young as Mark Zuckerberg. Some only hit on that million dollar idea much later in life.
Money, money, money – it’s a rich, elderly white man’s world. The inaugural Wealth Index of South Africa’s wealthiest execs pretty much proves that.
The fact that South Africa has over 40 000 dollar millionaires might come as news to many, so let’s look at exactly where these wealthy folks call home.
South Africa is a country of great inequality, but if you put that aside and look at the super rich which city is coming out on top?
Don’t think that Jessica Alba has been a Hollywood star who just sticks to the script. This woman has climbed a corporate ladder and veered from the cameras, only to rise.
These guys have done well for themselves… Our country’s five wealthiest men – they show that hard work does indeed pay off (no pun intended).
Warren Buffet didn’t make his billions by not knowing what’s going on with the economy. He clearly has an inside piece of information, and is selling stocks at a fast pace…
There is nothing fun about queueing to board a plane and then sitting for 17 hours in economy class whilst a fairly large person asks you questions about your childhood and hogs the armrests. This new app will change all that forever.
While the rest of us plebs count our pennies and have baked beans on toast, let us delve into the world of the millionaires for a while where baked beans and toast are both prepared to order by your own personal chef.
A study has revealed that South Africa is the favoured country in Africa for millionaires. There are over 35,000 millionaires living in South Africa according to senior analyst at New World, Andrew Amoils.
Author Vicky Oliver shares some tips on how to do exactly that in her book entitled, “The Millionaire’s Handbook: How to Look and Act like a Millionaire, Even if You’re Not”.
Here’s a fun fact: Tokyo plays host to almost half a million millionaires. In fact, it turns out Asia has a lot of millionaires. Asian cities dominated this top 10 list of cities with the highest populations of millionaires.