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Lagos has 4 billionaires, 360 multi-millionaires, 6,800 millionaires •Ranks 4th wealthiest in Africa:

Lanre Adewole - Lagos


Lagos, the former capital of Nigeria has been ranked the fourth wealthiest city in Africa.

With no other Nigerian cities listed in the ten-city fortune club, the nation’s commercial nerve-centre automatically clinches the wealthiest spot among Nigerian major cities.

In a report by AfrAsia Bank and New World Wealth, Lagos, considered to be home to

US$120 billion Africa’s wealth, is only topped by two South-African cities; Johannesburg and Cape Town as well as Egyptian city of Cairo.

The Nigerian state is unofficially believed to be most populous too in the country.

Four billionaires in dollars are mentioned to be resident in Lagos, with 360 multi-millionaires and 6,800 millionaires.

Two Forbes-recognized wealthiest Nigerians, Femi Otedola of Zenon Oil and Mike Adenuga of Globacom reside in Lagos.

Africa’s richest man, Aliko Dangote also has investment in the city.

The report says by “Total wealth”, it refers to the “private wealth held by all the individuals living in each city. It includes all their assets (property, cash, equities and business interests) less any liabilities. We exclude government funds from our figures.”

Cities ranked below Lagos include, Nairobi in Kenya, Luanda, Durban, Pretoria, Casablanca and Accra.

While Nigeria, Ghana, Morocco, Egypt, Angola and Kenya have a city each to their fortune consideration, South-Africa has five of its cities listed, making it the richest country in Africa.

Highlight of the report;

Johannesburg: Total wealth held in the city amounts to US$245 billion. Home to 18,200 millionaires (HNWIs), 970 multi-millionaires and 2 billionaires. Our figures for Johannesburg include Sandton. Major sectors in the city include: financial services (banks, ancies, insurance), professional services (law firms), construction, telecoms and basic materials.
Cairo: Total wealth held in the city amounts to US$140 billion. Home to 8,900 millionaires, 480 multi-millionaires and 5 billionaires. Major sectors in the city include: real estate & construction, financial services and basic materials.

Cape Town: Total wealth held in the city amounts to US$135 billion. Home to 8,200 millionaires, 440 multi-millionaires and 2 billionaires. Major sectors in the city include: real estate, financial services (fund management), retail and tourism. Cape Town is also a second home hotspot for the wealthy with over 1,500 multi-millionaires living in the city during peak holiday months (many of these individuals are from outside South Africa).

Lagos: Total wealth held in the city amounts to US$120 billion. Home to 6,800 millionaires, 360 multi-millionaires and 4 billionaires. Major sectors in the city include: real estate & construction, telecoms, transport, financial services and basic materials.

Nairobi: Total wealth held in the city amounts to US$55 billion. Home to 6,800 millionaires and 280 multi-millionaires (no billionaires). Major sectors in the city include: financial services, real estate & construction, retail, tourism, FMCG, telecoms and basic materials.
Luanda: Total wealth held in the city amounts to US$48 billion. Home to 4,100 millionaires, 240 multi-millionaires and one billionaire. Major sectors in the city include: real estate & construction, transport and basic materials (oil & gas).

Durban: Total wealth held in the city amounts to US$46 billion. Home to 3,200 millionaires, 130 multi-millionaires and one billionaire. Our figures for Durban include Umhlanga, Ballito, Zimbali and La Lucia. Major sectors in the city include: real estate, finance, healthcare, construction, retail and transport.
Pretoria: Total wealth held in the city amounts to US$42 billion. Home to 2,600 millionaires and 110 multi-millionaires (no billionaires). Major sectors in the city include: basic materials, manufacturing and financial services.

Casablanca: Total wealth held in the city amounts to US$40 billion. Home to 2,300 millionaires, 110 multi-millionaires and 2 billionaires. Major sectors in the city include: basic materials, manufacturing and financial services.

Accra: Total wealth held in the city amounts to US$35 billion. Home to 2,300 millionaires and 100 multi-millionaires (no billionaires). Major sectors in the city include: basic materials, manufacturing and financial services.”

http://tribuneonlineng.com/lagos-4-billionaires-360-multi-millionaires-6800-millionaires-•ranks-4th-wealthiest-africa/

amazing...

Good update.

Is Davido amongst the billionaires ? Just checking.

Amazing

.

Nd I'm still here

My village people why
Why




#Eco99#

soon, my name will be on a list like this... hustle continues

90% of them are igbos

I'm disappointed, only 4 Billionaires in the whole of Lagos? When there are over 20 Billionaires in just Nnewi alone.

a

Out of Over 20 Million people!

Lagosians/Nigerians are abysmally poor tho

Accra no try oh!

Waiting to see how many Abiama Potorfarians have in their Potor Republic besides the legendary Evans.

Ok
Episode 3 dany and jon finally meet!

what have they benefitted us in the long run ( i mean the so called 4 billionaires)?
Dangote= monopoly
otedola= subsidy scam and alleged manipulations
Adenuga= robbing Peter to pay paul, poor network to rip us off
Alakija= that one? fashion parade.

remove oil business from them all, and see how they move fast towards bankrupt. Nigeria, as a whole, suppose to have thousands of billionaires, spread accross this nation, if to say, they fix major basic needs and infrastructures and encourage a level playing field for all. But here we are, someone will divert our oil billions, borrow money from banks without collaterals, and still be ranked successful billionaires and the likes? smh

Nigeria needs a level playing field for all, but here? transparency is a curse, so only a few rip us off.

S

kelvine:
Is Davido amongst the billonaires ? Just checking.

30 billion for the he's not on the list? We will not take this... I need that Meme ASAP

Nice

wetin kon koncan me

Abuja is home to a million billionaires. Nonsense

1- Tri
Jagaban of borgu

Re open Lautech

Ok - 1 Zillionaire in Ikoyi
Others, mostly products of corruption and safe haven for ill-gotten wealth

Yeah, That's how we ball...Kinda way we roll

Addicted2Women:

90% of them are igbos

Your head dey pain you.

Bloggers have misled us,

Where's Linda Ikeji?
Where's E-Money?
Where's HushPuppi?
Where's Davido?
Where's Oga Paulo?


Foolish bloggers think having a few flashy cars and a house on the Island makes you a billionaire.


Shame on bloggers!

Addicted2Women:

90% of them are igbos

ode

Addicted2Women:

90% of them are igbos

otedola，
adenuga，
alakija

Nigerians are indeed poor. This list is a disgrace

I'm sure the thieves called politicians and pastors weren't shortlisted.

jonbellion:
Ok
Episode 3 dany and jon finally meet!

Where can I this?

kelvine:
Is Davido amongst the billonaires ? Just checking.

probably he's the 4th man in the fire

kelvine:
Is Davido amongst the billonaires ? Just checking.

These guys, their billions are in USD, not naira.... So even if Davido has 30 billion (which he doesn't), he is only a multimillionaire because that's not up to $1 Billion USD...

ElSherriff:
Abuja is home to a million billionaires. Nonsense

Abuja is a political city, but Lagos is commercial city with Local and foreign billionaires and millionaires.
Aside Politician and their cronies which other people are multimillionaires. All the Nigerian Billionaires in dollars reside in Lagos.