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The Hidden Cost of Cairo’s Wealth: A Tale of Two Cities

Summary by Egyptian Streets
Egypt ranks as the second-wealthiest country in Africa, and  Cairo, Egypt’s capital, is often perceived as a city of wealth and opportunity for expats and locals alike.  According to Henley & Partners’ Africa Wealth Report 2024, Cairo is the richest city in North Africa, home to 7,200 millionaires, 57 centi-millionaires, and at least eight billionaires, all measured in US dollars, with a total private wealth of USD 140 billion (EGP 7.08 trillion…

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The Hidden Cost of Cairo’s Wealth: A Tale of Two Cities

Egypt ranks as the second-wealthiest country in Africa, and  Cairo, Egypt’s capital, is often perceived as a city of wealth and opportunity for expats and locals alike.  According to Henley & Partners’ Africa Wealth Report 2024, Cairo is the richest city in North Africa, home to 7,200 millionaires, 57 centi-millionaires, and at least eight billionaires, all measured in US dollars, with a total private wealth of USD 140 billion (EGP 7.08 trillion…

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Egyptian Streets broke the news in on Tuesday, April 8, 2025.
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