Image: Okunoren Twins Flagship Store in Lagos
LAGOS, Nigeria — When an incredibly astute and prolific emerging market investor announced last year that there are at least 200 ‘hidden billionaires’ in Africa unknown to wealth watchers, it didn’t take long before Forbes beefed up its coverage profiling the super-rich in Nigeria. It’s easy to see why. Among those who can be documented, Africa’s richest man hails from here as do more than a quarter of the magazine’s current top forty from the continent. Although economists rightfully keep talking about ‘Africa rising’, clearly there is at least one country that is floating closer to the top than the rest. BOF
