World Billionaire Ranking: Abdul Samad Rabiu’s Fortune Rises Again
The fortune of Abdul Samad Rabiu, the respected philanthropist and industrialist behind BUA Group, has risen again.
The 62 years old Kano-born businessman, who is relentlessly touching lives through his initiatives – BUA Foundation and ASR Africa – is now worth $8.2 billion, Forbes’ latest and comprehensive list of the world’s billionaires for 2023, just revealed.
According to information at the disposal of highstreet.ng, Mr. Rabiu’s net worth grew significantly from $1.6bn in 2019 to $6.9 in 2022 and now stands at $8.2 billion.
The new status transformed the founder of BUA Group – a conglomerate with huge investments in Sugar, Cement, Real Estate, and more – who is building sub-Saharan Africa’s second-largest refinery and petrochemicals plant in Akwa Ibom, Nigeria, 249th richest person in the world, information pieced together by highstreet.ng indicated.
And interestingly with this, he’s tailing close behind Nicky Oppenheimer, the third richest man in Africa, whose fortune stands at $ 8.4 billion.
Released yesterday, April 4, 2023, the report, with 2460 individual billionaires globally making the list, detailed how Luxury goods tycoon, Bernard Arnault, with fortune increased by $53 billion to $211billion, displaced Elon Musk to emerge as the newest richest person in the world.
Aliko Dangote, who spots 125th position in the world, retained his position as the wealthiest person of African descent.
While telecommunications giant, Globacom’s founder, Mike Adenuga, who is the third Nigerian on the African billionaire’s list, ranked 418th globally.
