Lagos Listed Among World’s Wealthiest Cities 2023

World’s Wealthiest Cities 2023

Lagos has been listed among the list of world’s wealthiest cities in 2023.

The City of Excellence was ranked 72nd in a list that saw New York, Tokyo, and Silicon Valley’s Bay Area occupy first, second, and third spots.

The world’s wealthiest cities 2023 list was compiled by London-based consultancy firm, Henley & Partners.

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The firm ranked cities across the world by taking the number of resident millionaires (rounded off to the neared 100) as of December 31, 2022.

The list was dominated by cities in America and China with Lagos was the only Nigerian city to be ranked.

Meanwhile, South Africa’s Johannesburg was ranked as the wealthiest city in Africa.

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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.