Properties in Sandhurst, Houghton and Hyde Park all for sale above R20 million (Property24)
  • A new report found that 360 multi-dollar-millionaires live in Houghton, Sandhurst, and Hyde Park.
  • A multi-dollar-millionaires is an individual with assets worth more than $10 million.
  • In total, 970 (44%) of the country's multi-dollar-millionaires live in Johannesburg, and 490 (22%) in Cape Town. 

Houghton, Sandhurst, and Hyde Park in Johannesburg are home to 15% of the country's multi-dollar-millionaires, according to a new report by AfrAsia Bank and New World Wealth.

Multi-dollar-millionaires are defined as individuals with assets worth more than $10 million, or R119 million based on the current exchange rate.

The South Africa Wealth Report, released on Thursday, found that South Africa has 43,600 dollar millionaires and 2,200 multi-dollar-millionaires.

See also: These SA towns and suburbs could be the next hotspots for R20 million homes

Of the 2,200 multi-dollar-millionaires, 130 live in Houghton, 120 in Sandhurst, and 110 in Hyde Park.

Saxonwold – home to the Gupta family's infamous compound – houses 20 multi-dollar-millionaires. 

Cape Town's Camps Bay and Bakoven suburbs were the most popular under multi-dollar-millionaires with 80 residing there, followed by the Cape Town city bowl with 70. 

See also: There are now 3,200 dollar millionaires living in Paarl, Franschhoek and Stellenbosch

In total, 970 (44%) of the country's multi-dollar-millionaires live in Johannesburg, and 490 (22%) in Cape Town. 

The report notes that while Cape Town has fewer multi-dollar-millionaires living there, several have second homes along the city's south coast. 

Receive a single WhatsApp message every morning with all our latest news: Sign up here.

See also: