The Wealth Ladder - Nick Maggiulli

Nigeria PPP exchange rate (as at 6th Aug, 2025) is ₦428.57 per $1
Because ₦1,500 (nominal rate) ÷ 3.5 (PPP factor) = ₦428.57

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Nigerian Wealth Ladder (Purchasing power parity adjusted wealth ladder)

Level	Class Name	NGN Net Worth (PPP -adjusted)	USD Equivalent	Affordability (0.01% Rule)	Monthly Income @ 4%/yr
1	Lower class	< ₦4.3 million	< $10,000	Paycheck to Paycheck	<₦14,333
2	Working class	₦4.3M – ₦43M	$10,000 – $100,000	Grocery Freedom	₦14,333 – ₦143,333
3	Middle class	₦43M – ₦429M	$100,000 – $1 million	Restaurant Freedom	₦143,333 – ₦1.43M
4	Upper middle class	₦429M – ₦4.3B	$1 million – $10 million	Travel Freedom	₦1.43M – ₦14.3M
5	Upper class	₦4.3B – ₦43B	$10 million – $100 million	House Freedom	₦14.3M – ₦143M
6	Super rich	₦43B+	$100 million+	Impact Freedom	₦143M+

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Focus on owning assets that stay valuable no matter what happens to the currency & economy.