FULL LIST: Lagos ranked 72nd in World’s Wealthiest Cities 2023

According to a report by London-based consultancy Henley & Partners, Lagos has been ranked 72nd on the list of the world’s wealthiest cities in 2023. The top three positions were claimed by New York, Tokyo in Japan, and Silicon Valley’s Bay Area. The report analyzed the number of resident millionaires in each city as of December 31, 2022, and Lagos was the only Nigerian city featured on the list. The report covered 97 cities worldwide and utilized data from wealth intelligence firm, New World Wealth, which tracks the spending habits of high-net-worth individuals. Additionally, the report considered the number of highly-priced homes in each city. The list was predominantly dominated by cities in the United States and China, while South Africa’s Johannesburg was the wealthiest city in Africa.