I have an old friend of mine who makes almost 300 million naira per year and his net worth is probably around $25-30 million Dollars or 10 billion Naira. He's the CEO of a company in nigeria. What kind of life is he living? or how big of a deal is his wealth in Nigeria?

PS: I personally don't live in Nigeria at this time so I have no clue.

He is roughly earning USD 50,000 per month.

Relate that amount to class of people that earn that in a month in the country you currently live. How much does that worth?

ChiefDollar:
I have an old friend of mine who makes almost 300 million naira per year and his net worth is probably around $25-30 million Dollars or 10 billion Naira. He's the CEO of a company in nigeria. What kind of life is he living? or how big of a deal is his wealth in Nigeria?

PS: I personally don't live in Nigeria at this time so I have no clue.

It is a big deal, a very big deal. The deal is very big, I mean like so big.

I currently live in the US but it's not that easy to compare because someone worth 25-30 million dollars in America will be much richer in Nigeria if that dollar is converted to naira. Their socio-economic status will also not be the same,for example, Dangote is worth 12 billion dollars and he is basically God himself in Nigeria but in America, he is just another billionaire when people like Elon musk exist with $300b dollar networth.

life no balance at all for africa, if money dey one place e go over excess if the same money no dey another place e go over scarce. En? 300milla a year? Poverty go just go buy sniper drink.

ChiefDollar:
I currently live in the US but it's not that easy to compare because someone worth 25-30 million dollars in America will be much richer in Nigeria if that dollar is converted to naira. Their socio-economic status will also not be the same,for example, Dangote is worth 12 billion dollars and he is basically God himself in Nigeria but in America, he is just another billionaire when people like Elon musk exist with $300b dollar networth.

You said it yourself, america and and Nigeria are words apart in terms of everything, the economy and other things out them at the top of the world map. So with your 1 billion dollars you can become a multi billionaire in Nigeria.

Ninety6:
life no balance at all for africa, if money dey one place e go over excess if the same money no dey another place e go over scarce. En? 300milla a year? Poverty go just go buy sniper drink.

Inequality is crazy in Nigeria that's for sure. I had to google what is sniper drink, I burst out laughing ahaha.

Mrsoft3:




You said it yourself, america and and Nigeria are words apart in terms of everything, the economy and other things out them at the top of the world map. So with your 1 billion dollars you can become a multi billionaire in Nigeria.

Would you say he's on the same level as people like say Wizkid/davido? in terms of wealth.

ChiefDollar:


Would you say he's on the same level as people like say Wizkid/davido? in terms of wealth.

Not really, those guys are celebrities. And that's the source of their wealth,as long as they remain celebs they are wealthy, but your friend is wealthy too.

ChiefDollar:
I have an old friend of mine who makes almost 300 million naira per year and his net worth is probably around $25-30 million Dollars or 10 billion Naira. He's the CEO of a company in nigeria. What kind of life is he living? or how big of a deal is his wealth in Nigeria?

PS: I personally don't live in Nigeria at this time so I have no clue.

This your friend is very wealthy.