See The List Of African Cities With The Highest Number Of Millionaires. Lagos in Top 5

                Lagos was named as the city with the third most millionaires in Africa according to a newly released ranking by AfrAsia Bank and New World Wealth. 

Johannesburg alone, known as the “city of gold”, is home to 23,400 millionaires. South Africa has 30% of the total. Egypt’s Cairo comes second with 10,200, with Nigeria’s Lagos third with 9,100.

The study defines millionaires as people with net assets worth at least $1m (£650,000).

"The fastest rising city of millionaires is Ghana’s capital, Accra," the report said.

See the list of top 10 cities in Africa with the most millionaires:

1. Johannesburg, South Africa – 23,400 millionaires
2. Cairo, Egypt – 10,200
3. Lagos, Nigeria – 9,100
4. Cape Town, South Africa – 8,900
5. Nairobi, Kenya – 6,200
6. Luanda, Angola – 4,900
7. Durban, South Africa – 2,700
8. Pretoria, South Africa – 2,500
9. Casablanca, Morocco – 2,400
10. Accra, Ghana – 2,300

The report made remarkable projections on the number of millionaires that would be inhabiting Lagos State by the year 2025. According to the report, Lagos will have 13,300 millionaires by 2025 going by the city's current millionaire growth rate of 46%