Global Billionaire Hubs 2026: Why Africa—and Nigeria—Are Left Out

The world’s wealthiest individuals are increasingly concentrated in a few major cities. New York tops the Hurun Global Rich List 2026 with 146 billionaires, while Shenzhen, Shanghai and Beijing follow closely. Asia now accounts for 58% of the billionaires across the top 32 cities. No African city breaks into the leading rankings. Lagos, with its booming tech and finance sectors, should have at least 20 dollar-billionaires by now. I wonder what our federal policies are doing wrong. Successive governments seem to erode purchasing power and stifle wealth creation. How can we change course and position Nigeria among the world’s wealthiest hubs?

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