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Cape Town to mint 6,100 new millionaires in projected wealth boom

Cape Town to mint 6,100 new millionaires in projected wealth boom

CAPE TOWN is forecast to become the fourth fastest-growing wealth hub per capita among the BRICS states, according to new insights from Henley & Partners (H&P). The picturesque city is forecast to add 6,100 millionaires over the next ten years, over and above the current 7,400, representing an 85% jump. "It is currently benefiting from the ongoing ‘semigration’ of large numbers of HNWIs from other parts of South Africa (especially Johannesburg and Pretoria)," H&P notes in its inaugural BRICS Wealth Report. "It is also an increasingly popular retirement destination for migrating HNWIs from Africa, Europe, Russia, and the UK. Cape…
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