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February 24, 2022

What’s it like to be a Billionaire in Nigeria? Africa’s largest and most populated country with 214.3M inhabitants is home to only eight billionaires. The top dog of them all is Aliko Dangote, who controls a $14.1B fortune. He is worth more than double the country’s number two and three monopoly men Mike Adenuga and Abdul Samad Rabiu are worth. We’ll look at ridiculous yachts, lavish private jets, excessive exotic cars - all the usual trimmings of a billionaire's assets. Well snoop around home addresses and see the furniture. We’ll look at investments, donations, business deals - all things money. If we combine the wealth of all the billionaires on this list, we’d have $41.03B. That’s just under 10% of Nigeria’s 2021 GDP of 440B. We mean, it would take a person spending of $1M a day for over 112 years to exhaust that fortune. Although Nigeria’s 2019 Minimum Wage act increased the minimum wage for Nigerian workers from N18,000 to N30,000, or from $43.29 to $72.15, but there are still 90M of Nigeria’s inhabitants living in extreme poverty. So $700M bullet proof homes, fathers that buy each of their daughters $227,000 Ferrari Portofino’s, and $46M Global Express XRS private jets with sleeping cabins feel lightyears away for many Nigerians. Still, we can be repulsed by wealth as much as we are attracted to it, and this is the principle this video is built on!

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Written by: Jean Bernard
Narrated by: JB
Edited by: Umair G

For copyright matters please contact: legal@valnetinc.com

CHAPTERS:
0:00 Intro
0:06 Aliko Dangote
5:42 Mike Adenuga
9:27 Abdul Samad Rabiu
12:03 Femi Otedola
13:16 Arthur Eze
13:52 Folorunsho Alakija
15:36 Orji Uzor Kalu
16:35 Sir Olu Okeowo
17:57 Outro

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