Do you know how many billionaires are in Nigeria? Find out now.
Nigerian economy is going through the hard times right now. There are fluctuations in naira rates, besides, the prices of oil have dropped dramatically (by 20%). Nevertheless, there are still plenty of rich people on this land. Who are they? Where do they live? And how many of them are there in Nigeria? Let’s find it out.
Nowadays, despite the various economic problems, there are at least official 770 naira-billionaires in Nigeria. Their total net worth comprises of almost N2 billion, which is equivalent to $10 million per each person. Nevertheless, because of instability in the country, their number has dropped off compared to 2015. However, according to the Knight Frank wealth report (the data was received from one of the Nigerian billionaires), their quantity is expected to increase to 1080 by the year 2025. Statistical data show the same tendency. If we compare 2015 figures with the previous years, we will notice it:
Number of Nigerian dollar millionaires
Even though their quantity is a bit smaller because of the economic instability, we may clearly observe the tendency of growth.
Where do they live?
One of the most frequent questions concerns the places, where those billionaires might be found. According to the reports, the richest people of Nigeria prefer accommodating in two main cities – Lagos and Abuja. Most of them have chosen Lagos (about 450), while all the rest reside in Abuja. Besides, there are other cities, where billionaires live, which are included in the African list. Among them, you can find Kano with at least 10 ultra-high-net-worth individuals. Abuja, in its turn, is the 7th in Africa with the largest number of naira-billionaires, whose net worth is more than N5 billion or $30 million. Lagos is another leader with 122 ultra-high-net-worth individuals housing there.
The wealthiest cities in the world
Nigeria is included in the list of the countries with the richest people. However, there are many countries, which are ahead. Let’s consider the wealthiest of them:
- New York with 5600 UHNWIs,
- London with 4900 UHNWIs,
- Moscow with 3400 UHNWIs.
Among the others, you can also see Osaka, Seoul, Oslo, Taipei, Geneva, Chicago, Stockholm, Singapore, Madrid, Abu Dhabi, Los Angeles, and so on.
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