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.




http://tribuneonlineng.com/lagos-4-billionaires-360-multi-millionaires-6800-millionaires-•ranks-4th-wealthiest-africa/

But the poorest in Africa after chad and Niger republic

Even the worst state in Ghana have a better infrastructure than lagos

Way to go chief, most poorest.

I thought they said Nigeria is the richest in Africa.....LOL...

So Cairo is even richer than Lagos......

Not withstanding, the least city in Ghana have a better infrastructure than lagos

Lies and fallacies and propaganda

Lagos wa poverty da finish people...
Agberos and omonile everywhere.....
Skull miners and badoo boys everywhere.....
May be no be the Lagos wa da Nigeria

This same Lagos.........

This same Lagos............

uglyafonja:
This same Lagos............

beberebe:
I thought they said Nigeria is the richest in Africa.....LOL...

So Cairo is even richer than Lagos......

Not withstanding, the least city in Ghana have a better infrastructure than lagos

beberebe:
But the poorest in Africa after chad and Niger republic

If both of your brains combined would equal half the average human brain then you ought to know that whoever came up with this nonsense report rated the cities based on the average number of WEALTHY persons or individuals residing in each city.

Ehiscotch:

If both of your brains combined would equal half the average human brain then you ought to know that whoever came up with this nonsense report rated the cities based on the average number of WEALTHY persons or individuals residing in each city.

Everytin about Afonja and Nigeria is propaganda......who told you that those people listed there are the most richest in Africa.....

Go to Southafrica, kenya,Libya, and some African country and see what is called wealth......Dangote and adenuga are learners when it comes to real money

beberebe:
Even the worst state in Ghana have a better infrastructure than lagos

LOL. You are jumping up using Ghana as a cover.
I can see you are from a certain region in Nigeria.

haters won't like this. posting pictures of humble people as if there are no slums in New York and other rich cities around the world.

http://www.livemint.com/Politics/QCISQhIt6j3GrnltVd1mMK/Mumbai-richest-Indian-city-with-total-wealth-of-820-billion.html

Mumbai richest Indian city with total wealth of $820 billion: report

Mumbai is home to 46,000 millionaires, 28 billionaires; Delhi is home to 23,000 millionaires, 18 billionaires and Bengaluru houses 7,700 millionaires, 8 billionaires
PTI
According to New World Wealth, Mumbai is the richest city in the country followed by Delhi and Bengaluru in the second and third place, respectively. Photo: Bloomberg
Who is Narottam Mishra? Pervez Musharraf mulled using nukes against India after 2001 attack: report
India’s financial capital Mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest Indian city with a total wealth of $820 billion, says a report.
According to New World Wealth, Mumbai is the richest city in the country followed by Delhi and Bengaluru in the second and third place, respectively. Delhi is home to 23,000 millionaires and 18 billionaires with a total wealth of $450 billion, while Bengaluru with a total wealth of $320 billion houses 7,700 millionaires and 8 billionaires.
The list also includes Hyderabad with a total wealth of $310 billion. Hyderabad is home to 9,000 millionaires and 6 billionaires. Kolkata home to 9,600 millionaires and 4 billionaires has a total wealth of $290 billion, Pune (total wealth of $180 billion, has 4,500 millionaires and 5 billionaires), Chennai ($150 billion, 6,600 millionaires, 4 billionaires) and Gurgaon ($110 billion with 4,000 millionaires and 2 billionaires).

beberebe:



Everytin about Afonja and Nigeria is propaganda......who told you that those people listed there are the most richest in Africa.....

Go to Southafrica, kenya,Libya, and some African country and see what is called wealth......Dangote and adenuga are learners when it comes to real money

Stupid. So FORBES is an AFONJA organisation?
Better stop living in delusion.
You haven't even been to any of these cities and you just happen to know that they are better than Lagos because of some pictures you saw on the internet.

Ehiscotch:

If both of your brains combined would equal half the average human brain then you ought to know that whoever came up with this nonsense report rated the cities based on the average number of WEALTHY persons or individuals residing in each city.

but then, average brain in flat headed ipod people is less than 2kb.

1.5kb out of that 2kb has virus.

Flat heads wailing. The stat pain them gan.


We are not talking about cocaine or heroine here.

When forbe lists name of cities with highest number of drug dealers and armed robbers. You can come back and fight it out.

I'm sure its gonna be between anambra and imo

beberebe:



Everytin about Afonja and Nigeria is propaganda......who told you that those people listed there are the most richest in Africa.....

Go to Southafrica, kenya,Libya, and some African country and see what is called wealth......Dangote and adenuga are learners when it comes to real money

Just because no person from your region was recognized doesn't mean you should hate.

beberebe:



Everytin about Afonja and Nigeria is propaganda......who told you that those people listed there are the most richest in Africa.....

Go to Southafrica, kenya,Libya, and some African country and see what is called wealth infrastructural development......Dangote and adenuga are learners when it comes to real money

I can only relate to the bolded words in your comment but others are rubbish.

Truth be told, Lagos infrastructure is not up to standard yet. Ambode still have a lot of work to do.

Between it is not our fault SW people dominates in billioniare segment

.

uglyafonja:
This same Lagos............

Why not do something better with your life than expend your time and energy gathering pictures of slums in LAGOS?

To prove what point exactly?

I'm not yoruba but please whenever you try to derail a thread with your tribal absurdity, do well to make yourself look less stupid than your post.