A new report revealed how much money South Africans need to be among the country’s top 1%.
how much money individuals need to be among the top 1% of earners across 25 countries – including South Africa.
For example, Monaco’s entry point – the wealthiest nation in the comparison – of $12.4 million is over 600 times more than Kenya’s entry point of only $20,000 . Switzerland and Australia have the next highest entry points after Monaco, requiring a net worth of $6.6 million and $5.5 million , respectively.
For the UAE, Middle East’s highest entry, the level required is $1.6 million . Brazil is top of our Latin American markets with a $430,000 threshold.conducted by Picodi.com analysts estimated that South Africans earning the average salary in the country would have to work for at least 68 years to become a dollar millionaire .
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