₦airaland Forum

presiade:
BTW it’s page 11111 of the thread.

Interesting 🤔...

Very unrealistic rating!
That means 99.9% of Nigerians and at least 50% of Americans are poor! As most of Americans earn between $10k and $20k annually.

essentialone:
Here’s the common *global wealth classification*, from poorest to wealthiest. This is the standard one used today:

*Wealth by Net Worth*

*Net worth = Assets - Debts. Excludes primary home sometimes, but usually includes all assets*.

1. *Destitute / In Poverty*: <$2,000 (*having less than 3 Million Naira*). Basic survival. World Bank "extreme poverty" is <$2.15/day (*making less than N3,000 per day*).

2. *Low Income*: $2,000 - $10,000 (*having between 3 to 15 Million Naira*). Can afford basics, but has little to no savings or investments.

3. *Lower Middle Class*: $10,000 - $100,000 (*having between 15 to 150 Million Naira*). Has some savings, can afford small assets, car, and maybe land.

4. *Upper Middle Class / Mass Affluent*: $100,000 - $999,999 (*having between 150 Million Naira to 1.5 Billion Naira*). Is likely a Home owner, and can afford investments, and retirement funds.

5. *Millionaire*: $1,000,000 - $5,000,000 (*having between 1.5 Billion Naira to 7.5 Billion Naira*). Has Financial security. Can live off investments.

6. *High-Net-Worth Individual HNWI*: $5,000,000 - $30,000,000 (*having between 7.5 Billion Naira to 45 Billion Naira*). Is likely a Private banking client. Has Multiple properties, businesses.

7. *Very-High-Net-Worth Individual VHNW*: $30,000,000 - $100,000,000 (*having between 45 Billion Naira to 150 Billion Naira*). Likely has Family offices, and significant business holdings.

8. *Ultra-High-Net-Worth Individual UHNW*: $100,000,000 - $999,999,999 (*having between 150 Billion Naira to 1.5 Trillion Naira*). Owns companies, private jets, can afford philanthropy.

9. *Deca-millionaire*: $10,000,000 - $100,000,000 (*having between 15 Billion Naira to 150 Billion Naira*). Often grouped under VHNW.

10. *Centi-millionaire*: $100,000,000 - $999,999,999 (*having between 150 Billion Naira to 1.5 Trillion Naira*). Often grouped under UHNW.

11. *Billionaire*: $1,000,000,000 - $999,999,999 (*having between 1.5 Trillion Naira to 15 Trillion Naira*). Top 0.0001% globally. Only 3,200 people worldwide in 2026.

12. *Decabillionaire*: $10,000,000,000 - 99,999,999,999 (*having between 15 Trillion Naira to 150 Trillion Naira*). Only 50 people worldwide in 2026.

13. *Centibillionaire*: $100,000,000,000 (*having above 150 Trillion Naira*). Only 15 people worldwide in 2026. e.g. Elon Musk, Bezos, etc.


*Wealth by Annual Income*

*Different lens - how much you earn per year*.

*Poor*: <$15,000 (*earning less than 22.5 Million Naira per year*).

*Working Class*: $15,000 - $50,000 (*earning between 22.5 to 75 Million Naira per year*).

*Middle Class*: $50,000 - $150,000 (*earning between 75 to 225 Million Naira per year*).

*Upper Middle Class*: $150,000 - $500,000 (*earning between 225 to 750 Million Naira per year*).

*Affluent*: $500,000 - $1,000,000 (*earning between 750 Million to 1.5 Billion Naira per year*).

*Wealthy*: $1,000,000 - $10,000,000 (*earning between 1.5 to 15 Billion Naira per year*).

*Rich*: $10,000,000+ (*earning above 15 Billion Naira per year*).

Can we please go back to discussing the stock market, money and Economics?

All these political brickbats are not rewarding, and no side is going to convince the other to change their political stance.

toyeoye:
🚨 INTENEGINS finally blinks.

After four straight sessions of near double-digit gains, the stock is staring at its first red day in weeks.

It rallied to ₦9.64 earlier today but now trades at ₦7.90 (-9.92%).

The first crack in a momentum run always gets attention. 👀

Public offer at N3:20 closes tomorrow; so 2nd phase of pump and dump is about to begin!

Emzedz:
""U know nothing Jon snow"". Keep making excuses for these FMs.

My views remains that as long as their stock portfolios is not fully disclosed daily, they will keep manipulating d system,, hw hard is it for ur brain to process that??

Bros, you don't need these Fund managers then (if you think they are fraudulent).
Just open a CSCS account with a stockbroker, and choose your stocks for your self.

Very uninteresting 😞