[img]http://2.bp..com/-w8uN767OScs/VehDuWpUpRI/AAAAAAAALNk/v3G1Zs-rPVA/s1600/002_lagos_nigeria.jpg[/img]
Lagos is Nigeria's commercial capital and for a lot of reasons, that makes people assume that there are a tonne of millionaires roaming around there.


Well, according to a new report by AfrAsia Bank and global wealth intelligence and market research company, New World Wealth, that may not be the case as the number of dollar millionaires in Lagos may not be what you're expecting.


Follow the jump to see the number:


The study defines millionaires as people with net assets worth at least $1m (£650,000) and according to the report, there are only 9,100 millionaires in Lagos.


Lagos is ranked third on the list of African cities with the highest dollar millionaires and falls behind Johannesburg, which has 23,400 millionaires, and Egypt's Cairo which has 10,200.


The report also estimates that Africa is home to about only 163,000 millionaires, who have a combined wealth of $670bn (£440bn).


According to the 2014 New World Wealth Report, the number of dollar millionaires in Nigeria is expected to jump to 23,000 by 2017, after increasing by 44 percent over the past six years to 15,700 in 2013.

http://www.newshelm.com/2015/09/there-are-only-9100-millionaires-in.html

cc lalasticlala

I'm one of the Millionaire in Lagosi.I deal in fake,substandand/counterfeit product :-

60% are .........
South E....T

Not bad. Infact if you ask me, it's impressive. They said it's millionaires in dollars that means people with 240mill naira in their account (with exchange rate of #240) owning to the fact that their are few millionaires in America as well

God

247frolicboss:
[img]http://2.bp..com/-w8uN767OScs/VehDuWpUpRI/AAAAAAAALNk/v3G1Zs-rPVA/s1600/002_lagos_nigeria.jpg[/img]
Lagos is Nigeria's commercial capital and for a lot of reasons, that makes people assume that there are a tonne of millionaires roaming around there.


Well, according to a new report by AfrAsia Bank and global wealth intelligence and market research company, New World Wealth, that may not be the case as the number of dollar millionaires in Lagos may not be what you're expecting.


Follow the jump to see the number:


The study defines millionaires as people with net assets worth at least $1m (£650,000) and according to the report, there are only 9,100 millionaires in Lagos.


Lagos is ranked third on the list of African cities with the highest dollar millionaires and falls behind Johannesburg, which has 23,400 millionaires, and Egypt's Cairo which has 10,200.


The report also estimates that Africa is home to about only 163,000 millionaires, who have a combined wealth of $670bn (£440bn).


According to the 2014 New World Wealth Report, the number of dollar millionaires in Nigeria is expected to jump to 23,000 by 2017, after increasing by 44 percent over the past six years to 15,700 in 2013.

http://www.newshelm.com/2015/09/there-are-only-9100-millionaires-in.html

cc lalasticlala

the fact that lagos beat abuja sha is disturbing after the billions ae hear them sharing in abuja. I hope the criteria used in this procedure is not questionable

With the current trend and clamp down on millionaires by the cbn, I don't expect the growth to be that much

Out of over 20 million people? Hmmmmm...

Johnpaul2k2:
60% are .........
South E....T

no..........all the millionaires are from SE, and not just 60%. Bunch of jokers....

The 9100 millionaires are the ones that are legitimate.

The uncaptured millionaires are way more than double that number and are into fraud or thieving Govt officials.

liberty300:
the fact that lagos beat abuja sha is disturbing after the billions ae hear them sharing in abuja. I hope the criteria used in this procedure is not questionable

With the current trend and clamp down on millionaires by the cbn, I don't expect the growth to be that much

They don't count corrupt govt officials that make up the bulk of the rich in Abuja.

You mean only in Alaba International Mkt?

Okay, God bless my hustle too.

a city with a population of almost 20 million.. u then wonder how many millionaires we have in Nigeria if Lagos has the small figure. politicians have destroyed this country.

liberty300:
Not bad. Infact if you ask me, it's impressive. They said it's millionaires in dollars that means people with 240mill naira in their account (with exchange rate of #240) owning to the fact that their are few millionaires in America as well

its not necessarily in their account both account and assets.

Femolacaster:

no..........all the millionaires are from SE, and not just 60%. Bunch of jokers....

Why are you pained?
Relax please

wrong statistics.

another reason to hustle hard!!! Surely 200 million is very possible!! Naija must carry first for Africa!
#GiantThings #GodBlessMyHustle #ImpactLiving