NewsMENA/Africa: Marrakech, second city with the most super-rich

MENA/Africa: Marrakech, second city with the most super-rich


The city of Marrakech is among the most attractive and fastest growing cities for the super-rich. The ochre city is also ranked second in the Middle East and Africa region, according to a recent survey.

The firm Henley & Partners has published its ranking of the “10 richest cities in the world in 2023. This ranking actually refers to the number of millionaires residing in these cities, among which New York (340,000 millionaires residing) is in first place, followed by Tokyo (290,300 millionaires) and then the Bay Area (285,000 millionaires), which includes the city of San Francisco and Silicon Valley.

The rest of the ranking includes, in order: London (258,000 millionaires), Singapore (240,100 millionaires), Los Angeles (205,400 millionaires), Hong Kong (129,500 millionaires), Beijing (128,200 millionaires), Shanghai (127,200 millionaires) and Sydney (126,900 millionaires).

The firm also looked at cities that have experienced “particularly strong growth over the past decade”. Thus in the Middle East and Africa, we find without much surprise Dubai, where about 3,500 wealthy people moved in 2022 alone. It is followed by Marrakech, which is “an increasingly popular hotspot for Moroccan and European high net worth individuals, and then Kigali, Rwanda’s economic center.

The Moroccan Blog
The Moroccan Blog
The Moroccan Blog is an English based newsblog dedicated to Morocco. You can find here all news from Morocco across a variety of topics: Arts & Culture, Economy & Business, Lifestyle, Moroccan Sahara, MRE, Society, Tourism & Travel and more.

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