Top 10 most expensive cities in Africa for the super wealthy

Business Insider Africa presents the top 10 most expensive cities in Africa for centi-millionaires.
Only 28,420 centi-millionaires currently exist in the world.
South African cities dominate this list.

Centi-millionaires stand out as significant individuals with enormous impact on the ever-changing fabric of a city's economic landscape, contributing to the growth and prosperity of the urban environment. These individuals, who have a net worth of more than $100 million, play a critical role in determining the economic, cultural, and charitable dynamics of their communities.

According to Henley & Partners and New World Wealth's recent Centi-Millionaire report produced on October 10th, 2023 edition, the term ‘centi-millionaires’ refers to individuals with investable wealth of USD 100 million or more.

In its in-house database, New World Wealth follows the movements of over 150,000 high-net-worth people. The database focuses mostly on corporate founders and wealthy persons from high-value organizations who hold the following positions: chairman, CEO, president, director, and managing partner.

Only 28,420 centi-millionaires exist in the world (as of June 2023), making this an extremely exclusive club. In the aforementioned report, a focus on Africa shows the most expensive cities for these centi-millionaires, and below are the ten cities listed.

PS: The data USD/m² refers to the average square meter price of a prime 200 to 400 square meter apartment in city/town.

Rank	City	Country	USD/m²
1.	Cape Town	South Africa	5,200
2.	Hermanus	South Africa	2,200
3.	Plettenberg Bay	South Africa	2,200
4.	Marrakech	Morocco	2,000
5.	Umhlanga	South Africa	2,000
6.	Central Sandton	South Africa	1,800
7.	Tangier	Morocco	1,600
8.	Casablanca	Morocco	1,200
9.	Cairo	Egypt	1,200
10.	Nairobi	Kenya	1,200