In Nigeria and around the world, Private Banking and Wealth Management services are strictly for the high networth individuals (HNWIs), ultra-high networth individuals (UHNWIs) and billionaires.
Specialized or boutique services such as financial planning, investment monitoring, tax advisory, investment monitoring, generational planning, insurance and retirement services are some of the key functions of private bankers and wealth managers.
With an estimated population of over 200 million people, vast natural resources and hard-working citizens, Nigeria is blessed with successful set of billionaires, ultra-high net worth individuals and high net worth individuals. These individuals made their wealth in the course of their business endeavours, careers and investment opportunities; most of which could be classified as personal wealth.
The HNWis, UHNWIs and Billionaires in Nigeria cut across genders, ethnicities, professions and industries. These personalities are Business Owners, Industrialists, Influential Personalities, C-Suite Executives, Royalties, Celebrities, Oil Magnates and International investors.
Most CEOs, Managing Director, Executive Directors, Board Chairmen, General Managers, Independent Directors and Non-Executive Directors in major sectors such as the Financial Sector, Oil and Gas Sector, Agriculture and Mining Sector, Telecommunication Sector, Shipping and Logistics Sector, Conglomerates and Multinationals constitute the largest chunk of the High Net-Worth Individuals (HNWIs) in Nigeria. Others personalities are: Venture Capitalists, Internet Entrepreneurs, Tech Founders, Media Proprietors, A-List Celebrities, Top Musicians, Influencers, Politicians, Contractors, Professional Footballers and Athletes in Europe, Senior Advocate of Nigeria, Seasoned Chartered Accountants, Medical Practitioners, Engineers, Partners, Renowned Bank Executives, etc. Our independent research (OnYourPalm) shows that the HNWIs (in Dollars) in Nigeria are less than 50,000 people.
The wealthy group of people that constitute the Ultra High Net-Worth Individuals (UHNWIs) are mostly: Chief Executive Officers (CEOs), Board Chairmen, Directors, Oil Magnates, Entrepreneurs, Founders, Industrialist, Politicians, Contractors, Tech Founders, Venture Capitalists, etc. From our records (OnYourPalm), the UHNWIs in Nigeria are not more than 750.
The Billionaires in Nigeria are usually into diverse businesses but most of them have Oil Exploration License, Majority Shareholding in Commercial Banks, Chairmen of Group of Companies, Seasoned Industrialists, Founders of Conglomerates, Politicians and Business Tycoons. Nigeria has less than 100 Billionaires (in Dollars).
OnYourPalm has the database and corporate contact details of the HNWIs, UHNWIs and Billionaires in Nigeria.
According to Capgemini, High-Net-Worth Individuals (HNWIs) are defined as those having investable assets of $1 million (USD) or more in highly liquid assets, excluding primary residence, collectibles, consumables, and consumer durables. The highly liquid assets are cash and cash equivalents. The cash equivalents are Banker’s Acceptance, Commercial Papers, Treasury Bills and other investment that mature within three months.
With a liquid net worth of between $5 million to $30 million, such people are regarded as Very High Net Worth Individuals (VHNWIs).
The Ultra High Net Worth Individuals has liquid assets of $30 million and above. There are over 300,000 UHNWIs in the world
A billionaire is a person with a net wealth of a billion dollars. Billionaires make up a small and very elite club of powerful men and women in the world, who control enormous sums of money and its accompanying power and influence. The numbers of billionaires globally are over 2,000.
With the volatility of the Nigeria Naira compared with Dollar, to be regarded as a High Net Worth Individuals (HNWIs) in Nigeria by the year end of 2020, your investable or liquid net worth in Naira must be at least Five Hundred Million Naira (N500 million); at the rate of N500 to $1. The Ultra High Net Worth Individuals (UHNWIs) would have a liquid net worth of over Fifteen Billion Naira (N15 billion) and for someone to be referred to as a Dollar Billionaire in Nigeria, his or her worth must be at least Five Hundred Billion Naira (N500 Billion).
We are open to discussion with any structured company or top corporate executive in providing leads generation and sales intelligence services.
We have vast years of experience in this chosen industry and are ready to provide our very rich database of HNIs/HNWIs, UHNWIs, Billionaires and top companies as resources to launch a global brand in sales intelligence or relationship capital.
We are the custodian of relevance sales intelligence resources about leading companies, key decision makers, distinguished c-suite executives, high networth individuals and Influential Personalities in Nigeria.
CEOs, Venture Capitalists, Business Development Directors, Tech Investors, Founders and private equity firms of interest can initiate talks with you.
