Slums are a physical expression of poverty and inequality in cities. According to the UN definition, this inequality is, e.g., reflected in the fact that slums are much more often located in hazardous zones. However, this has not yet been empirically investigated. In this study, we derive proxies from multi-sensoral high resolution remote sensing data to investigate both the location of slums and the location of slopes. We do so for seven cities on three continents. Using a chi-squared test of homogeneity, we compare the locations of formal areas with that of slums. Contrary to the perception indirectly stated in the literature, we find that slums are in none of the sample cities predominantly located in these exposed areas. In five out of seven cities, the spatial share of slums on hills steeper than 10° is even less than 5% of all slums. However, we also find a higher likelihood of slums occurring in these exposed areas than of formal settlements. In six out of seven sample cities, the probability that a slum is located in steep areas is higher than for a formal settlement. As slums mostly feature higher population densities, these findings reveal a clear tendency that slum residents are more likely to settle in exposed areas.