…Ranks 4th wealthiest in Africa


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, accountancies, 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.”


Source: https://brandspurng.com/africa-wealth-report-2017-lagos-has-4-billionaires-360-multi-millionaires-6800-millionaires/

If u actually enter ladipo market, Alaba international market and computer village , U'll know those stats are very wrong... Shebi is somebody dat paid Evans in dollars and is till very much in business...

That's why everywhere is flooded.... I dey come comment

Na Dangote, Adenuga, Otedola, and Alakija put Lag up there in the billionaires club.

haven for skull mining

Nbote:
If u actually enter ladipo market, Alaba international market and computer village , U'll know those stats are very wrong... Shebi is somebody dat paid Evans in dollars and is till very much in business...

Smh. Some of you guys in you people sef. I am sure your bigotry and tribalism caused to not to comprehend what you read, that's if at all you read it. The report captured dollar millionaires and multimillionaires as well as billionaires in Lagos whom could have come from anywhere. Akpu is really dealing with una brains in those parts.

Lol

Wrong stats.... Go to balogun , ladipo, Aspamda and all those markets you will see that this stat is so so wrong.


Afterall na 6 private silent billionaires that paid Evans 1m dollars cash in this same Lagos.

There are like 4million millionaires in Lagos alone.... I know like 6 silent dollar billionaire in Lagos alone... Men that bring in like 3vessels(not containers), every quarter...

Lagos has been good to us.

Karlovich:
haven for skull mining

Early morning "powder" disorder

Nbote:
If u actually enter ladipo market, Alaba international market and computer village , U'll know those stats are very wrong... Shebi is somebody dat paid Evans in dollars and is till very much in business...

Oga, the report is billionaires, multi millionaires and millionaires in DOLLARS not NAIRA!

Also, you should know that forbes rating on wealth is based on net worth not gross.

RockHard:
Na Dangote, Adenuga, Otedola, and Alakija put Lag up there in the billionaires club.

Why are the developers that own Lagos not on the list? I think I know, they are currently on death roll in Malaysia, Saudi Arabia, Hong Kong, e.t.c.

coolcatty:
Wrong stats.... Go to balogun , ladipo, Aspamda and all those markets you will see that this stat is so so wrong.


Afterall na 6 private silent billionaires that paid Evans 1m dollars cash in this same Lagos.

There are like 4million millionaires in Lagos alone.... I know like 6 silent dollar billionaire in Lagos alone... Men that bring in like 3vessels(not containers), every quarter...

Lagos has been good to us.

How is it wrong?? Did you read it at all coz I don't get where this talk is coming from? The report clearly stated that there are thousands of dollar millionaires and multi millionaires and only 4 dollar billionaires. You people blood too dey hot. Learn to read properly and comprehend lest you keep embarrassing yourself
Chai!

coolcatty:
Wrong stats.... Go to balogun , ladipo, Aspamda and all those markets you will see that this stat is so so wrong.


Afterall na 6 private silent billionaires that paid Evans 1m dollars cash in this same Lagos.

There are like 4million millionaires in Lagos alone.... I know like 6 silent dollar billionaire in Lagos alone... Men that bring in like 3vessels(not containers), every quarter...

Lagos has been good to us.

When the entire market you listed above is not even up to $100m

Markfemi2:

When the entire market you listed above is not even up to $100m

Wrong.... According to cbn stats pulled from survey conducted in all the banks located around Lagos Island.... A total of 1.5b deposits come into the banks on a daily basis..... It increases to 2billion naira on Saturdays...... The survey was conducted in 2015.

coolcatty:


Wrong.... According to cbn stats pulled from survey conducted in all the banks located around Lagos Island.... A total of 1.5b deposits come into the banks on a daily basis..... It increases to 2billion naira on Saturdays...... The survey was conducted in 2015.

Are you aware that's. Just $5m lol and cost is included

Markfemi2:

When the entire market you listed above is not even up to $100m

Those so-called markets are a den of drug-traffickers, kidnappers and armed-robbers masking as legit 'traders'. Even Evans himself opened shops there to fool people into thinking he was a geniune businessman. I am sure Evan's shop there must have been stocked to the brim, whereas the criminal was actually a drug-trafficker/kidnapper. Na their way.

coolcatty:


Wrong.... According to cbn stats pulled from survey conducted in all the banks located around Lagos Island.... A total of 1.5b deposits come into the banks on a daily basis..... It increases to 2billion naira on Saturdays...... The survey was conducted in 2015.

Nothing special there guy. I know of a Yoruba woman at Oke-Arin who deals in FMCG and does a turnover of no less than N2-billion in a week. That is just one single individual. Una too dey make noise.

ODVanguard:


Nothing special there guy. I know of a Yoruba woman at Oke-Arin who deals in FMCG and does a turnover of no less than N2-billion in a week. That is just one single individual. Una too dey make noise.

The richest Igbo man is Kalu and he's worth $300m

Adenuga alone despite naira devaluation worth over $10bn

The issue is igbo thinks until you import and add extra 100 naira on your product your not making money lol

Markfemi2:


The richest Igbo man is Kalu and he's worth $300m

Adenuga alone despite naira devaluation worth over $10bn

Don't mind those noisemakers. There's a popular fast-food chain in Lagos owned by Yoruba woman, on a bad day each of her branches (she has over 10 in the metropolis) makes nothing less than ₦5-million naira. Ariwo ko ni music.

FlyoruB:


Smh. Some of you guys in you people sef. I am sure your bigotry and tribalism caused to not to comprehend what you read, that's if at all you read it. The report captured dollar millionaires and multimillionaires as well as billionaires in Lagos whom could have come from anywhere. Akpu is really dealing with una brains in those parts.

What is it with ppl and sense these days My mention of those market places is as a result of them being d major marketing hub in d state. And a lot of those businesses has a lot going for dem dat is not recorded. Jus d same way we know there are a whole lot of Nigerian Billionaires in d league of Dangote and Otedola who are not on any record. It is actually d bigot and tribalist in u dat has read meaning into an otherwise innocent assertion. Ur last statement gave u away for what u truly are. Not every comment, thread or post has a tribal undertone. Take ur bigotry elsewhere...

ODVanguard:


Nothing special there guy. I know of a Yoruba woman at Oke-Arin who deals in FMCG and does a turnover of no less than N2-billion in a week. That is just one single individual. Una too dey make noise.

Pls take ur tribal minded views far away from me.... Don't contaminate me this morning..... Who spoke about tribe here?..


Pls steer clear of me.

coolcatty:
Wrong stats.... Go to balogun , ladipo, Aspamda and all those markets you will see that this stat is so so wrong.


Afterall na 6 private silent billionaires that paid Evans 1m dollars cash in this same Lagos.

There are like 4million millionaires in Lagos alone.... I know like 6 silent dollar billionaire in Lagos alone... Men that bring in like 3vessels(not containers), every quarter...

Lagos has been good to us.

Electronic and spare parts Markets didn't build lagos economy, Ogun state has no major markets and yet generates more IGR than the entire South East which claims to have international markets in Aba and onitsha.


There's difference between trade and business

Op chuku chuku abiama must hear this..

omofunaab:



Electronic and spare parts Markets didn't build lagos economy, Ogun state has no major markets and yet generates more IGR than the entire South East which claims to have international markets in Aba and onitsha.


There's difference between trade and business

Bro please let's not turn this into a tribal thing.

Kindly enlighten us if you have valid information.

rodeo0070:
…Ranks 4th wealthiest in Africa


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, accountancies, 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.”


Source: https://brandspurng.com/africa-wealth-report-2017-lagos-has-4-billionaires-360-multi-millionaires-6800-millionaires/

Book mark

And they forgot to mention one trillionaire i guess, Tinubu.