List Of African Cities With The Highest Number Of Millionaires. Lagos' Position Is Surprising

«§» 9 September 2015



Lagos was named as the city with the third most millionaires in Africa according to a newly released ranking by AfrAsia Bank and New World Wealth. Johannesburg alone, known as the “city of gold”, is home to 23,400 millionaires. South Africa has 30% of the total. Egypt’s Cairo comes second with 10,200, with Nigeria’s Lagos third with 9,100.

The study defines millionaires as people with net assets worth at least $1m (£650,000).

"The fastest rising city of millionaires is Ghana’s capital, Accra," the report said.

See the list of top 10 cities in Africa with the most millionaires:

1. Johannesburg, South Africa – 23,400 millionaires
2. Cairo, Egypt – 10,200
3. Lagos, Nigeria – 9,100
4. Cape Town, South Africa – 8,900
5. Nairobi, Kenya – 6,200
6. Luanda, Angola – 4,900
7. Durban, South Africa – 2,700
8. Pretoria, South Africa – 2,500
9. Casablanca, Morocco – 2,400
10. Accra, Ghana – 2,300

The report made remarkable projections on the number of millionaires that would be inhabiting Lagos State by the year 2025. According to the report, Lagos will have 13,300 millionaires by 2025 going by the city's current millionaire growth rate of 46%.

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Posted: at 9-09-2015 01:18 AM (8 years ago) | Hero

Sorry, this is a different post and also an updated one for that matter

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Posted: at 9-09-2015 01:26 AM (8 years ago) | Hero

Gidi no dey carry last

Posted: at 10-09-2015 10:11 PM (8 years ago) | Gistmaniac

wow, Y will Lagos be number three, all this cities combined together can not give u Lagos population

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Posted: at 10-09-2015 10:14 PM (8 years ago) | Gistmaniac

I started using naijapals.com since 2009 to read news,  though then I never registered,  but u hardly see more than 2 comments then to each headline,  but am so surprise the way people are now commenting at every post even the ones that don't make sense,  come see people commenting like " hmmm, " okay nah,  some even will write just "k,  lol,  I just can't stop laughing,  all these is cus of money naijapals.com now gives out monthly for highest commenter?  As of a year ago,  u hardly see people quoting or replying comments,  but now people quote and reply comments like it's even the topic it's self...... Hahahahahahahah,  9ja! I fear una ooo. In fact I wonder how people with thousands of points manage to get it,  do they just sit behind their screens refreshing naijapals.com waiting for new posts to pop up?  Seriously,  I will vote for removal of this monthly prize so that sanity will return to this forum.  People are now writting crap even when they aren't suppose to just for them to increase their points,  and it's turning this forum to a playing ground. Admin please take serious note.

Posted: at 10-09-2015 10:29 PM (8 years ago) | Newbie

na una sabi

Posted: at 10-09-2015 10:47 PM (8 years ago) | Grande Master

Well maybe you are right but not totally right, not everyone is interested in the said money. Even before the money people are commenting but of course not as much as it is now, still you don't have to condemn it that way. Am also in the competition and you can check my comments as majority of it are strictly about the topic, except where i don't need to comment, and i have been commenting way back before the competition started. These days it so easy to get online as you can do that from you phone, tablets or laptops and you can do that anywhere, so please don't say they don't have jobs or got nothing to do... We should all be happy to pour out our minds in a positive way and tolerate each other... THANK YOU

Posted: at 10-09-2015 11:07 PM (8 years ago) | Gistmaniac

e make sense sha

Posted: at 10-09-2015 11:20 PM (8 years ago) | Gistmaniac

me sef don see am b4

Posted: at 10-09-2015 11:25 PM (8 years ago) | Gistmaniac

maybe sha

Posted: at 10-09-2015 11:26 PM (8 years ago) | Gistmaniac