Nigerian Businessman Abdulsamad Becomes Africa’s Fourth Richest with $11.3 Billion Net Worth
Nigerian Businessman Abdulsamad Becomes Africa’s Fourth Richest with $11.3 Billion Net Worth
Nigerian Businessman Abdulsamad Becomes Africa’s Fourth Richest with $11.3 Billion Net Worth
Nigerian entrepreneur Rabiu Abdulsamad has climbed the ranks of Africa’s wealthiest, becoming the continent’s fourth richest person with a net worth of $11.3 billion, surpassing Egyptian businessman Naguib Sawiris.
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According to Bloomberg’s Billionaire Index, this also places Abdulsamad as the 302nd richest person in the world. His financial rise is largely attributed to the remarkable performance of BUA Foods Plc, which posted a 91% increase in profit after tax during the fiscal year.
BUA Foods has strengthened its position through strategic partnerships and infrastructure investments across multiple sectors, enhancing both operational capacity and market reach. Analysts credit these moves for Abdulsamad’s rapid ascent in wealth and influence, highlighting Nigeria’s growing prominence in Africa’s business landscape.
Nigerian Businessman Abdulsamad Becomes Africa’s Fourth Richest with $11.3 Billion Net Worth
