I think it would be better if we compared the 1% of Nigeria to the 1% of Black Americans.
Eh, this isn’t as cut and dry either.
The 1% in Nigeria have made their fortunes in a highly unregulated economy.
I highly doubt that their fortunes could be duplicated in a highly regulated economy like America.
Compare that to the 1% of Black Americans that have made their fortune in America’s highly regulated environment.
In other words, if we switched both populations, we would probably see less Nigerian Billionaires and more American Billionaires and American billionaires with a higher billionaire net worth.
So I don’t think comparing both populations 1% is even a fair comparison.