At home or abroad, manufacturing has created more billionaires than any other sector in the past decade, a clear signal that wealth creation still rests heavily on industry, scale, and physical production.
A 2025 Knight Frank Wealth report revealed that in 2024, 46 new billionaires emerged from the sector. Yet, Nigeria continues to underinvest in the very sector that has produced its two wealthiest citizens.
According to the London-based real estate consultancy, between 2014 and 2024, the manufacturing industry minted 509 new billionaires globally, ahead of technology (443), finance and investments (353), fashion and retail (318), real estate (228), and media and entertainment (110).