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From Soweto to CEO: The rise of SA's township millionaires
The Mercury
|April 21, 2026
IN the US, about 379000 Americans became dollar millionaires in 2024 alone - more than 1000 a day ~ in addition to the already existing number of nearly 24 million.
An earlier report by Ramsey Solutions stated that 20-30% of that number achieved their status through business ownership.
South Africa, on the other hand, had 37400 dollar millionaires in total in 2024, according to New World Wealth. This indicates that while a notable 7% of America’s overall population were dollar millionaires, only 0.6% of South Africans met that criterion in 2024. While South Africa is painfully behind the US, the young democracy has steadily increased its number from 20000 dollar millionaires in 1993, according to the Africa Wealth Report, despite a drop in some years.
यह कहानी The Mercury के April 21, 2026 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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