How Much Money You Need To Join The Wealthiest 0.1% in South Africa

DATA from global property consultancy group Knight Frank shows how deep your pockets need to be to join the wealthiest 0.1% in countries globally, including South Africa.

Using its Wealth Sizing Model, the property group predicts that the global population of UHNWIs – somebody whose net wealth exceeds $30 million or more- will grow by 27% over the next five years, while the number of HNWIs – or millionaires – is forecast to rise by 41%.

Asia tops the group’s five-year UHNWI growth forecast with 39%, led by Indonesia on 67% and India on 63%. This would see Asia’s proportion of global UHNWIs rise from 22% to 24%.

Europe will retain its crown as the second largest wealth hub with expected growth of 23%, bringing the total number of UHNWIs to 185,860, it said. The biggest rises are forecast in Poland with 61%, and Sweden with 59%.

Africa is expected