The total wealth of individuals living in Lagos state contracted by 27% in the last five, the Africa Wealth Report has shown.
Nigeria’s commercial capital also lost two dollar-billionaires, 100 multi-millionaires, and 1,800 millionaires from 2017 to 2021.
The 2021 Africa Wealth Report recently released by the AfrAsia Bank and the New World Wealth (NWW) ranks Lagos as the fourth wealthiest city in Africa. According to the report reviewed by TheCable, the total wealth held in the city of Lagos amounts to $88 billion.
The report, which was produced by a global market…
