Nigerian tycoon Abdul Samad Rabiu falls out of Bloomberg Billionaires Index
Rabiu is no longer ranked on the Bloomberg Billionaires Index of the 500 richest people in the world.
Rabiu is no longer ranked on the Bloomberg Billionaires Index of the 500 richest people in the world.
BUA Foods, under Rabiu, has maintained its dominant position in the Nigerian economy.
Rabiu’s net worth skyrockets by $1.6 billion, securing his position among Africa’s wealthiest people.
With the latest surge of $501 million in his net worth, Rabiu’s year-to-date wealth gains have now reached $1.53 billion.
Rabiu joins Bloomberg’s billionaires’ list, showcasing Africa’s rising business leaders.
Rabiu: Africa’s third-richest billionaire’s businesses thrive, generating $146.2 million profit in Q1 2023.
Rabiu’s net worth has surged to $8.6 billion, surpassing South African billionaire Nicky Oppenheimer.
Rabiu derives the majority of his fortune from his 96-percent stake in BUA Cement.
ASR Africa is a nonprofit foundation founded by Rabiu in April 2021.
Rabiu is also anticipating another handsome dividend of $198 million from his shareholding in BUA Cement.
Rabiu is also one of the continent’s most prominent philanthropists.
Rabiu is also set to receive a dividend of $198 million.
Rabiu holds a 96.3-percent ownership stake in BUA Cement.
Rabiu’s net worth has increased by more than $700 million in the past 24 hours, from $7.1 billion to $7.8 billion.
Rabiu maintains his rank as Nigeria’s second-richest person, outpacing telecom billionaire Mike Adenuga.
Since the start of the year, Sawiris’ net worth has risen by $200 million.