Business
Abdul Samad Rabiu Soars In New Comprehensive Ranking Of World’s Richest
listed as one of the pleasant surprises
Abdul Samad Rabiu, the BUA Group chairman has recorded a tremendous rise in the latest comprehensive 2023 world billionaire rankings by Forbes.
Rabiu who is building the second-largest refinery and petrochemicals gas factory in sub-Sahara Africa (Akwa – Ibom, Nigeria) is one of the three Nigerians on the list.
He is listed as one of the pleasant surprises with a rise in wealth from $ 7.6 billion a few months ago to $8.2 billion at press time.
The feat by the 62year old who is about to overtake Nicky Oppenheimer ($8.4 billion) as the third richest person in Africa is particularly impressive because he was valued at $ 6.9 billion by Forbes in 2022.
“He sustains growth in the face of global financial adversities” SocietyNow.Ng gathered.
The BUA Chairman’s rise in the comprehensive list of billionaires for 2023 puts him as the second richest person in Nigeria in front of Mike Adenuga ($6.1billion) and behind, Africa’s richest Aliko Dangote ($14.2Billion).
The latest ranking places Adenuga of the telecommunication Globacom fame as the 418th richest person in the world, the BUA Chairman as the 249th on the global wealthiest scale and Dangote is number 125.
While Dangote remains Africa’s richest in the new rankings, the world has a new wealthiest person in Bernard Arnault, the luxury goods tycoon whose net-worth surged to $211Biillion to knock Elon Musk to second place.
Recognized at home and abroad for humanness in his business exploits that spans Cement, Sugar, Iron and Steel, flour, real estate, and others, Abdul Samad Rabiu is the power behind touching personal lives, countries and continents BUA Foundation and ASR Africa.
