2oceansvibe News | South African and international news

Sponsored by RSAWeb rss
2ov Radio
  • Home
  • About
    • Terms and Conditions
    • Seth Rotherham
  • du Cap Collection
  • Café du Cap
  • Cabine du Cap
  • Media Packs / Advertising
  • Contact
    • Contact
    • Anonymous Tips
    • Twitter
    • Facebook
Seth Rotherham
  • The Country Where R827k Will Put You In The Top 0,1%

    31 May 2021 by Jasmine Stone in Lifestyle, Money
    Related Posts
    • This Average American Became The Richest Man In The World - But The Accident Only Lasted A Few Seconds
    • Being Among The Richest 1% In South Africa Comes With A Price
    • You've Probably Never Heard Of These Five Super Wealthy People
    • This Is What It Takes To Be In The Top 1% Of Wealthiest People In Our Country
    • Worried About The Future? We Look At Some Of The Best SAFE Investments In SA

    [imagesource: Getty Images]

    So you’ve cracked the top 1%.

    Well played, but if you want to join the real elite bracket, you’ll need to step things up considerably.

    To be wealthier than 99% of South Africans, according to Knight Frank’s 2021 Wealth Report, you’ll need a net wealth of around $180 000.

    Using the rate at the time the report was compiled, that converted to around R2,6 million.

    That falls well short of the definition of an ultra-high-net-worth individual (UHNWI), which is somebody with a net wealth of at least $30 million.

    Dig deeper, and look for the richest 0,1% of a country’s population, and the numbers obviously spike quite considerably.

    Before we look at the graph, a few words from BusinessTech:

    The US tops the list with over $25 million required, followed by Monaco, with $22.2 million, with Switzerland trailing in third ($16.6 million). In South Africa, the magic number is $1.6 million…

    On the other end of the spectrum, a net wealth of just $60 000 (around R827 000) gets you into the top 0,1% in Kenya.

    In Nigeria, that number sits at $250 000, or around R3,45 million.

    Image: Knight Frank

    I guess if you really want to climb that ladder, without all the hassle, pack up and move somewhere where your current net wealth puts you in that top, elite bracket.

    You can dig deeper into Knight Frank’s Wealth Report here.

    [source:bustech]

    • ← Monday Morning Spice
    • Yoh! SA ‘Officer’ Gives Bentley Driver A Take Five [Video] →
    • Tweet
    • Tags:
    • One Percent
    • richest
    • the 1%
    • the one percent
    • top 1%
    • Top one percent
    • wealth

    Latest News

    • That Nude Dating Show ‘Naked Attraction’ Gets Deeper Than You Might Think

      [imagesource:channel4] The most balsy show on television was just added (in part) to HB...

    • Jamais Vu: The Science Behind The Eerie Opposite Of Déjà Vu

      [imagesource:linkedin/mindsjournal] Everyone is familiar with deja vu, that feeling tha...

    • Kate Middleton Seems To Have Given Up On Meghan Markle And Prince Harry

      [imagesource:flickr] While most of the world (or really, the British Media and royal fa...

    • “No One Is Safe” – Paris Is Battling A Really Bad Bedbug Problem

      [imagesource:flickr] One of the most idealised cities in the world is being overrun by ...

    • A Klerksdorp Parking Lot Assault Turned Deadly And Now The Accused Has Skipped The Country

      [imagesource:Facebook/Wernich Botha] Klerksdorp must be the angry armpit of South Afric...


    • 2oceansvibe Partners

    • CONTACT US
    • GOT A HOT STORY?
    • 2oceansvibe Radio
    • 2oceansvibe Media
    • Media Pack
    • Seth Rotherham
    • Café du Cap
    • Cabine du Cap
    • Cape Town City Accommodation
    • Terms & Conditions
    • Business
    • Media
    • Entertainment
    • Tech/Sci
    • World
    • Travel
    • Lifestyle
    • Sport
    • Politics
  • Follow

    2oceansvibe.com is part of the 2oceansVibe Media Group

    DMMA Logo