Listed companies of Africa’s 3rd-richest billionaire report $146 million in profit over Q1 2023
Rabiu: Africa’s third-richest billionaire’s businesses thrive, generating $146.2 million profit in Q1 2023.
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.
BUA Group is a leading infrastructure conglomerate.
While the number of African billionaires rose from 18 to 19, their collective wealth took a hit.
Rabiu and his son, Isyaku Naziru Rabiu, own 99.8 percent of BUA Foods.
Rabiu is Nigeria’s second-richest man.
He remains Nigeria’s second-richest man.