What is Millionaires?
A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency.
How Many Black Millionaires In South Africa?
Cyril Ramaphosa
Widely respected as a negotiator and strategist, Cyril Ramaphosa played a significant role, along with Roelf Meyer of the ruling National Party, in the negotiations to bring about a peaceful end to apartheid.
Patrice Motsepe
Widely respected as a negotiator and strategist, Cyril Ramaphosa played a significant role, along with Roelf Meyer of the ruling National Party, in the negotiations to bring about a peaceful end to apartheid.
Tokyo Sexwale
Former Minister of Human Settlements, Tokyo Sexwale is a well-known public figure in South Africa with extensive experience in both the public and private sectors. He is a businessman, politician, anti-apartheid activist, and former political prisoner. If he were to say that he had seen it all, it would be difficult to argue.
Sipho Nkosi
With an MBA from Massachusetts University in the United States of America and more than 20 years of experience in the mining industry behind his name, Sipho Nkosi is truly a force to be reckoned with in South African business circles.
Phuthuma Nhleko
From revolutionising MTN’s strategic vision to championing the goals of broad-based black economic empowerment Phuthuma Nhleko is a worthy inclusion on this list.
Where do most millionaires live in South Africa?
Johannesburg is home to 14,600 millionaires, 30 centi-millionaires, and two-dollar billionaires. Cape Town is the second South African city on the list, home to suburbs including Bantry Bay, Bishopscourt, Camps Bay, Clifton, Constantia, Fresnaye, and Llandudno.
How do people become millionaires?
The majority of millionaires are self-made, and they have accumulated their wealth through a combination of hard work, education, and investing. The sectors that produce America’s wealthiest people include finance and investments, according to Forbes.