Dailymail is reporting that some Africans – especially from Nigeria, Cameroon, Ghana, Congo, Gabon and Senegal – are wealthy enough to spend almost £4 Million on London Property every week.
According to their website, the recent outbreak of the Ebola Virus as well as the continuous attacks from insurgent group Boko Haram has led to an increase in the property sales to a lot of wealthy Africans.
Nigerians are especially examined in the review with Dailymail stating “Nigerians are the biggest spenders, with wealthy nationals forking out £250million on London homes in the last three years. The new wave of super-rich includes Aliko Dangote, a Nigerian business magnate who, with a £16billion fortune, is Africa’s wealthiest man. Folorunsho Alakija, a billionaire oil tycoon, fashion designer and philanthropist from Lagos, is also a big investor in the London property market. She recently bought four apartments in One Hyde Park, the super-exclusive development in Knightsbridge. Her British-born nephew Rotimi Alakija, who also goes by the stage name of DJ Xclusive, has also invested property in the capital. It is thought other tycoons have also been eyeing up homes on Kensington Palace Gardens – known as Billionaires’ Row.”
One of the people who spoke to Dailymail, Gary Hersham, managing director of Beauchamp Estates, revealed he has had three super-rich Nigerians enquiring about homes in the past week alone.
This is despite the average person in Nigeria earning just £850 per year.
Earlier in the year, Business Insider also listed DJ Xclusive as one of the “World’s Hottest Billionaire Offspring” Then he was listed as Folorunsho Alakija’s son and this time he is listed as Folorunsho Alakija’s nephew.
