Just how many millionaires are there in Dar es Salaam?
A new study says Dar is home to 1,200 millionaires.
Dar comes in second in East Africa, next to Nairobi’s 6,200 high net worth individuals (HNWI), says the study conducted by New World Wealth in June 2015.
Four of the top ten cities are in South Africa, with Johannesburg topping the list with a total of 23,400 HNWI.
A HNWI is anyone (including expatriates) with net value of assets of over 1 million USD, excluding their primary residence.
A report by PricewaterhouseCoopers (PWC) earlier in 2015 put Dar in the top spot of it’s ‘gauging opportunity’ indicator of African cities.
The ranking measured GDP growth, ease of doing business, foreign direct investment, as well as urban middle class and population growth.