wealthy African buyers spending almost £4million on London property
every week.
You recall that Business Insider had sometime ago also listed DJ
Xclusive as one of World's Hottest Billionaire Offspring".
Read their report below.
Wealthy African buyers are spending almost £4million on London
property every week as they look to snap up exclusive investments in
the UK, it has emerged. A mixture of traditional reasons combined with
increased terrorism and the outbreak of Ebola is said to be behind the
dramatic influx of African money to the capital.
Beauchamp Estates, which sells some of London's most expensive homes,
today released a report on African buyers in the capital. The upmarket
estate agency said the buyers are coming from six countries - Nigeria,
Ghana, Congo, Gabon, Cameroon and Senegal. 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.
--GistReel
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