Abdul Samad Rabiu reclaims title of fourth-richest man in Africa with $700-million net worth surge
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’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.
Rabiu is Nigeria’s second-richest man.
He remains Nigeria’s second-richest man.
Rabiu’s grant will provide a much-needed boost to higher education in Nigeria.
Rabiu’s participation in the fundraising comes after he established the $23.8-million Nigeria Security Support Fund.
Rabiu derives the majority of his fortune from his 92-percent stake in BUA Cement.
BUA Cement is Nigeria’s second-largest cement producer with a combined installed capacity of 8 million tonnes per annum.
Rabiu is one of the continent’s wealthiest businessmen, with a $7-billion net worth.
BUA Group has emerged as one of Africa’s fastest-growing manufacturing conglomerates.
Rabiu derives most of his fortune from his 98-percent stake in BUA Foods and 92-percent stake in BUA Cement.
Rabiu is now Africa’s fifth-richest man.
BUA Group is a leading food, infrastructure, mining and manufacturing conglomerate.
Rabiu, the chairman of BUA Group, owns 99.81 percent of the agro-allied company.
The development significantly boosts Nigeria’s quest to ensure self-sufficiency in sugar production.
Rabiu said the hospital was conceived to provide world-class healthcare services to security operatives.