Lagos has been ranked the 72nd wealthiest city in the world in 2023, with cities like New York, Japan’s Tokyo, and Silicon Valley’s Bay Area claiming the first, second, and third spots, respectively.
The list, compiled by London-based consultancy Henley & Partners, ranked the cities by taking into account the number of resident millionaires (rounded off to the neared 100) as of December 31, 2022, centi-millionaires and high-net-worth investors in the city.
Dominated by cities in the United States and China, Lagos is joined by South Africa’s Johannesburg, which claims the wealthiest city in Africa.
The World’s Wealthiest Cities Report 2023 covered 97 cities across the world, using data from wealth intelligence firm, New World Wealth, which tracks the movements and spending habits of high-net-worth individuals with the work titles like Founder, Chairperson, CEO, and Director.
It also considered the number of highly-priced homes in the area, said Henley & Partners, on their website.
The publication read, “Featuring exclusive data highlighting the world’s wealthiest and fastest growing cities with the most millionaires, centi-millionaires, and billionaires, and accompanied by global and real estate insights from leading academic and industry experts, this informative digital report is a must-read for all followers of private wealth and wealth migration trends — from high-net-worth investors and their advisors, to industry professionals, and policy makers looking to turn their cities into the wealth magnets of tomorrow.”
https://www.henleyglobal.com/publications/wealthiest-cities
