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Number Of Dollar Millionaires & Billionaires In Africa - Business (3) - Nairaland

Nairaland ForumNairaland GeneralBusinessNumber Of Dollar Millionaires & Billionaires In Africa (19461 Views)

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Re: Number Of Dollar Millionaires & Billionaires In Africa by DataDoc: 7:18pm On Aug 30, 2025
adebayo201:
This is not encouraging if you ask me. Like how can Lagos has two! Like... Who are these two people? Otedola and...
I thought Dangote is in Lagos
Re: Number Of Dollar Millionaires & Billionaires In Africa by ProudlyLagos: 7:25pm On Aug 30, 2025
Comfyonos2019:
The information is wrong because otedola, dangote and adenuga are all Forbes recognised billionaires and stay in Lagos so the information is very incorrect. Saying Nigeria only has 7200 millionaires in dollars. In pH where I stay, they are even more than a thousand, talkless of north. The average rich man in the north is a millionaire in dollars. Millionaires in dollars in Nigeria are more than 50,000 and that's fact
yes, I think so too. Otedola featured on the recent Forbes world billionaires list and also the owner of BUA, a northerner though I can’t remember his name now. But the 3rd richest and followed by Otedola who also made the list, even Alakija the richest woman in Africa was also on the list till of recent.
Re: Number Of Dollar Millionaires & Billionaires In Africa by silento(m): 7:27pm On Aug 30, 2025
tutuonye:
FAKE STATISTICS.
If you count billionaires without counting Nnewi billionaires you re wrong.
Which nnewi , u must be joking bro the whole importers in nnewi none get billion in dollar , not naira dollar
Re: Number Of Dollar Millionaires & Billionaires In Africa by bablogee(m): 7:31pm On Aug 30, 2025
Angelfrost:
The way South Africa bounced back from Apartheid to take over Africa in all ramifications is amazing...!

That's one of the few African nations that foreign nations and nationals are rushing into for investments, tourism, and many others.

Only their game reserves (Wildlife) yields Billions every year.
It's because they still have appreciable number of white population. Black men are naturally selfish and wicked. Check it very well, white would dominate the above statistics for South Africa. The majority of black south Africans are still backward.
Re: Number Of Dollar Millionaires & Billionaires In Africa by chuksjuve(m): 7:32pm On Aug 30, 2025
Dazidon:
Na u no get me

I agree that SA is ahead in terms of how most citizens enjoy their lives

but that doesnt mean they have a larger number of millionaires


itz like this

if 3 out of 5 southies are rich when there are 20 people in total while 1 out of 5 nigerians are rich when there are 80 nigerians

does it mean southies have a larger number of rich people

itz pure mathematics
Looool

It’s still not an excuse but it should be an advantage to us if we had a working government 😀😀
Re: Number Of Dollar Millionaires & Billionaires In Africa by twosquare(m): 7:53pm On Aug 30, 2025
Nigerians like playing with numbers...you think it is that easy abi? grin

A lot of people you see in Nigeria are overhyped....and give a facade of wealth because they flaunt big vehicles and life on social media.

Let's not go to dollar sef.

How many get 1 million naira for account for Naija...maybe a lot, then go for x10 of that, which is 10 million naira...the number reduces, then go for x10 if that which is 100 million naira....then go for x10 of that, which is 1 billion naira....

YOu think it is that easy?

Not to talk of dollars, the world's reserved currency...only those who are into business will understand what I am saying.

The way Americans cherish $1000, you will know that it is not easy to hit $1 million.

International Freelancers and those who work remote jobs will understand this better.

Be there and be overhyping numbers....lol
Re: Number Of Dollar Millionaires & Billionaires In Africa by twosquare(m): 7:58pm On Aug 30, 2025
silento:
Which nnewi , u must be joking bro the whole importers in nnewi none get billion in dollar , not naira dollar
He is being sarcastic.
Re: Number Of Dollar Millionaires & Billionaires In Africa by LOVEGINO(m): 8:00pm On Aug 30, 2025
ernesco0816517:
Someone is asking up there who's the second after ote$,like u haven't heard of mehuh, am a silent billionaire.
I belif u my guy.
Re: Number Of Dollar Millionaires & Billionaires In Africa by JaceBlaze: 8:04pm On Aug 30, 2025
KingCold:
. Just a mere 30 years since the fall of Apartheid, and Black South Africans have made such strides? Give credit where it's due
We achieved a lot in just 3 decades,now imagine how big of a gap would have been between us and them if we got our freedom just as earlier as they got theirs.

They are not,and will never be on our level.
Re: Number Of Dollar Millionaires & Billionaires In Africa by uunwanaobong3: 8:19pm On Aug 30, 2025
DrMB:
Which countries are breeding the continent’s millionaires, and why do some cities attract billionaires while others lag behind?
Is Nigeria, Africa’s largest economy, punching above its weight or falling short when it comes to creating extreme wealth?
And what do these numbers reveal about inequality, opportunity, and the future of Africa’s economic elite?
Where is DAVIDO and his 30BG aka 30 billion gang.


You mean on top of money were tinubu, akpabio, etc steals they never reached 1 billion?

Where is e moni, cubana chief priest, obi cubana, author Eze, alakija, innocen motors, adelekes, bishop oyedepo, tony elumelu, etc. are you telling me that all these people are baby millionaires?

So only dangote and one other guy manage get billion dollar for this country?


Chai, Nigeria is cursed

C
Re: Number Of Dollar Millionaires & Billionaires In Africa by Poloyanabo2(m): 8:49pm On Aug 30, 2025
Angelfrost:
The way South Africa bounced back from Apartheid to take over Africa in all ramifications is amazing...!

That's one of the few African nations that foreign nations and nationals are rushing into for investments, tourism, and many others.

Only their game reserves (Wildlife) yields Billions every year.
Bounce back from apartheid how?
Apartheid is the reason for their high development,
Other African countries(sub Saharan) that didn't experience apartheid is there any doing even up to half as good as South Africa?
Re: Number Of Dollar Millionaires & Billionaires In Africa by Kog45(m): 9:11pm On Aug 30, 2025
But Davido always shouting my papa get billions of dollars,hmmm na lie
Re: Number Of Dollar Millionaires & Billionaires In Africa by viklegend(m): 9:29pm On Aug 30, 2025
I thought Davido said he has billions of dollars
Re: Number Of Dollar Millionaires & Billionaires In Africa by NwaliE01: 9:29pm On Aug 30, 2025
I am not sure if they counted our politicians.

Oga Jagaban no appear for the list na
Re: Number Of Dollar Millionaires & Billionaires In Africa by Abagworo(m): 9:57pm On Aug 30, 2025
I'm one of the 7,200 in Nigeria but I doubt we are only 7,200. A millionaire is anyone worth more than 1.5 billion Naira in cash and properties.
Re: Number Of Dollar Millionaires & Billionaires In Africa by 3seriez(m): 10:13pm On Aug 30, 2025
Skydivine:
Is BUA from Lagos state?
Nope. But he has been living there for more than 30 years and Majority of his business interests are based there.
Re: Number Of Dollar Millionaires & Billionaires In Africa by Mathewrichard99:
How about Davido's Dad, Cubana guys, Arthur Eze, Mike Adenuga, Femi Otedola, Dangote, Whiz kid etc....what's the estimate of the valuation of their money? All those big men of Lagos, Port Harcourt such as Jackrich etc.....those Ibos millionaires/billionaires, the Northern Dantata, BUA etc.... importantly, how about me. Is it because I am quiet and hate flaunting my hard earned money all over the pages of social media .... 😂
Re: Number Of Dollar Millionaires & Billionaires In Africa by kobosmart(m): 10:42pm On Aug 30, 2025
DrMB:
Which countries are breeding the continent’s millionaires, and why do some cities attract billionaires while others lag behind?
Is Nigeria, Africa’s largest economy, punching above its weight or falling short when it comes to creating extreme wealth?
And what do these numbers reveal about inequality, opportunity, and the future of Africa’s economic elite?
Seun osewa is a billionaire in dollars
Re: Number Of Dollar Millionaires & Billionaires In Africa by agwunchapius: 11:04pm On Aug 30, 2025
RUBBISH
Re: Number Of Dollar Millionaires & Billionaires In Africa by yongg: 11:57pm On Aug 30, 2025
Poloyanabo2:
Bounce back from apartheid how?
Apartheid is the reason for their high development,
Other African countries(sub Saharan) that didn't experience apartheid is there any doing even up to half as good as South Africa?
Botswana is doing fantastic. Probably one of the very few doing great (they are fortunate to have a reasonable leadership for their population considering the resources they've got), Rwanda is up there too but it's got suspicious dealings.
Re: Number Of Dollar Millionaires & Billionaires In Africa by YourGFsnatcher: 12:15am On Aug 31, 2025
Alajiga:
Lagos should be 3: Otedola, Adenuga, and Dangote. Nigeria, Africa’s largest economy, is the authentic black-created economy.
Florence Alakija, Rabiu Abdulasamad, are billionaires
Re: Number Of Dollar Millionaires & Billionaires In Africa by KingCold:
Poloyanabo2:
Bounce back from apartheid how?
Apartheid is the reason for their high development,
Other African countries(sub Saharan) that didn't experience apartheid is there any doing even up to half as good as South Africa?
Yes, bounced back from apartheid because it wasn't a stroll in the park, it's classified as a crime against humanity by the UN, let's not minimize people's pain. There were 0 black millionaires under Apartheid, today black South africans make the highest number of US dollar millionaires in Africa, its quite a feat, whichever way you look at it.
Re: Number Of Dollar Millionaires & Billionaires In Africa by KingCold: 12:37am On Aug 31, 2025
bablogee:
It's because they still have appreciable number of white population. Black men are naturally selfish and wicked. Check it very well, white would dominate the above statistics for South Africa. The majority of black south Africans are still backward.
Lol.. People still hacking others for their organs, are calling others "backward"? That's wild..

Re: Number Of Dollar Millionaires & Billionaires In Africa by Hydriss(m): 12:43am On Aug 31, 2025
KingCold:
. Just a mere 30 years since the fall of Apartheid, and Black South Africans have made such strides? Give credit where it's due
I am not disputing the fact that the blacks are doing well for themselves, I was only pointing out that they're still majorly directly under the influence of colonialists. To be fair on the whites the country is forward moving because they're there and are indirectly in charge, black man mentality no de allow for selfless growth we're naturally self centered
Re: Number Of Dollar Millionaires & Billionaires In Africa by KingCold: 12:47am On Aug 31, 2025
Hydriss:
I am not disputing the fact that the blacks are doing well for themselves, I was only pointing out that they're still majorly directly under the influence of colonialists. To be fair on the whites the country is forward moving because they're there and are indirectly in charge, black man mentality no de allow for selfless growth we're naturally self centered
This is just typical whitewashed Nigerian mentality speaking.. you want to give credit to white people with things even black people achieve.. its ridiculous.. if I work hard and make millions for myself, how is that the work of white people? Why would white people care in improving the lives of black people? The burgeoning black middle-class and millionaires are a result of black leadership not your beloved whites., where were the black millionaires under Apartheid?
No wonder Nigeria's barely moving, you're waiting for white iintervention. I've never encountered a nationality with such a low self-esteem next to whiteness such as Nigerians
that has such a low esteem next to whiteness
Re: Number Of Dollar Millionaires & Billionaires In Africa by Charbliss90: 12:56am On Aug 31, 2025
I was wandering too, i don't believe all those statistics they drop again, they don't do their appropriate work again they just drop data at intervals

Don't forget to add Alakija too
NOETHNICITY:
This list is based on the information that have, quite different from the reality.

The number of dollar billionaires in Lagos alone is more than 5
Adeleke
Dangote
Adenuga
Otedola
Jim ovia
Etc
Re: Number Of Dollar Millionaires & Billionaires In Africa by KingCold: 1:01am On Aug 31, 2025
JaceBlaze:
We achieved a lot in just 3 decades,now imagine how big of a gap would have been between us and them if we got our freedom just as earlier as they got theirs.

They are not,and will never be on our level.
But as per usual, trust the oyinbo worshipers to do what they do best
Re: Number Of Dollar Millionaires & Billionaires In Africa by Difrent: 2:09am On Aug 31, 2025
adebayo201:
This is not encouraging if you ask me. Like how can Lagos has two! Like... Who are these two people? Otedola and...
Dangote.

No audio billionaires from Sadeast
Re: Number Of Dollar Millionaires & Billionaires In Africa by Difrent: 2:15am On Aug 31, 2025
twosquare:
Nigerians like playing with numbers...you think it is that easy abi? grin

A lot of people you see in Nigeria are overhyped....and give a facade of wealth because they flaunt big vehicles and life on social media.

Let's not go to dollar sef.

How many get 1 million naira for account for Naija...maybe a lot, then go for x10 of that, which is 10 million naira...the number reduces, then go for x10 if that which is 100 million naira....then go for x10 of that, which is 1 billion naira....

YOu think it is that easy?

Not to talk of dollars, the world's reserved currency...only those who are into business will understand what I am saying.

The way Americans cherish $1000, you will know that it is not easy to hit $1 million.

International Freelancers and those who work remote jobs will understand this better.

Be there and be overhyping numbers....lol
If you no know this fact, Nigerians go gaslight you ehn.

Person wey never chop In days go still dey go about in a car on empty tank, carry iphone 13 pro max and appear like he's Dangote son but shi shi no dey pocket, he's looking for who to scam.....

Some years ago I ran into some financial crisis and sold my car,but people were surprised I sold a car I couldn't afford to fuel anymore , they wanted me to keep pretending I could fuel a car and be using money for food to buy fuel so people won't know I have financial problem as If the problem was the end of my life.....
Re: Number Of Dollar Millionaires & Billionaires In Africa by Smartcitizen: 2:31am On Aug 31, 2025
creativejagaban:
In fact all the 7000 plus Nigerians on this list are from the billionaires region grin

@bentenny , come and see your fellow lamba follower who is always b.itter whenever Nigeria name is mentioned, especially when it is not in negative light grin

The fact remains that:

Tinubu till 2031.

Lienus should come back in 2099 grin

Deji is still waiting to be sued oooo.

...

And for the record:

I am a Nigerian.

Who are you huh
We are still looking for the secondary school result and certificate of the most truthful man in Yoruba land.

I didn't mention anybody's name o!


🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Re: Number Of Dollar Millionaires & Billionaires In Africa by Jagabanfromcali: 3:08am On Aug 31, 2025
That South African list will be 99% whites and that of Nigeria will 98% Yoruba and Fulani elities who have raped Nigeria to smithereens since the 60s
Re: Number Of Dollar Millionaires & Billionaires In Africa by Hydriss(m): 6:29am On Aug 31, 2025
KingCold:
This is just typical whitewashed Nigerian mentality speaking.. you want to give credit to white people with things even black people achieve.. its ridiculous.. if I work hard and make millions for myself, how is that the work of white people? Why would white people care in improving the lives of black people? The burgeoning black middle-class and millionaires are a result of black leadership not your beloved whites., where were the black millionaires under Apartheid?
No wonder Nigeria's barely moving, you're waiting for white iintervention. I've never encountered a nationality with such a low self-esteem next to whiteness such as Nigerians
that has such a low esteem next to whiteness
Like I said, I'm not undermining the achievements of black people there, I am talking about the general reason the country is more progressive than other black nations. Believe me if the colonialists had discoivered we had Oil before granting us Independence this country would have been better than it is, all basic amenities like good road, electricity etc would be better now even though they would have been stealing the resources they would have made sure things were in order especially when they're benefitting more. You can hide behind your "low self esteem" ideology but the fact remains the same we black people are very self centered and don't care for general well-being as long as we're getting our personal fix. That character usually comes out when put in a position of power, very few are different. You can argue all you want the truth is what it is. I rest my case
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