Wigwe Named Seventh in List of Billionaire London Property Holders

Wigwe Named Seventh in List of Billionaire London Property Holders
The report shows that several high-value locations across London including major commercial and residential areas are owned through offshore entities
The findings also highlight how a large share of London’s premium properties are held through companies registered in offshore jurisdictions like Jersey

Late Nigerian banking executive, Herbert Wigwe, has been named among top foreign real estate owners in London, following a recent investigation into property ownership in the UK capital, Eko Hot Blog reports.

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According to a report by The Londoner, Wigwe was linked to 106 properties in London, placing him seventh on a list of billionaires with significant real estate holdings in the city.

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The investigation, titled “Revealed: The billionaires who really own London,” uncovered about 32,611 properties owned by overseas entities. This became possible after a change in UK law required foreign companies to disclose their true owners.

Using newly available data compiled with support from tax expert Dan Neidle of Tax Policy Associates, researchers were able to trace ownership of thousands of properties that were previously hidden behind corporate structures.

The report shows that several high-value locations across London including major commercial and residential areas are owned through offshore entities. These include well-known districts such as Oxford Street, Canary Wharf, and Greenwich Peninsula.

Wigwe, who served as Group Chief Executive Officer of Access Holdings Plc, died in a helicopter crash in the United States in February 2024 alongside members of his family and Abimbola Ogunbanjo.

Wigwe Named Seventh in List of Billionaire London Property Holders — Late Herbert Wigwe

Since his passing, there have been legal proceedings involving his estate.

The findings also highlight how a large share of London’s premium properties are held through companies registered in offshore jurisdictions like Jersey, where ownership transparency was previously limited.

Overall, the report sheds light on the scale of foreign investment in London’s property market and reveals ownership structures that were not publicly known until now.