After Making N87bn in Hours, BUA CEO, Abdulsamad Rabiu Become Nigeria’s Second-Richest Man, Overtake Mike Adenuga
BUA Group CEO Abdul Samad Rabiu has ousted Globacom chairman Adenuga, making him the second richest person in Nigeria.
The BUA Group founder took the position on Friday night, Oct. 14, 2022, after his fortune increased from his $5.3 billion to his $5.5 billion.
This equates to an increase in assets of $200 million (87) after just eight hours of his trading activity on the exchange.
Mike, who started the week second to him, now ranks third among the 432 richest people in the world, with a net worth of $5.5 billion, according to Forbes data. is.
Mike Adenuga, on the other hand, has had a tough year in 2022, with his fortune dwindling by more than $1 billion, according to Forbes data. Adenuga started the year with $6.6 billion. He ranks as his third richest man in Nigeria and his 433rd richest in the world.
On the other hand, Aliko Dangote is the richest person in Nigeria with his net worth of $12.4 billion.
He lost about $7 million in his fortune on Friday as his company continued to fight to retain ownership of Africa’s largest cement plant. In total, Dangote Cement has a production capacity of 48.6 million tons per year and operates in his 10 countries in Africa. His fortune is expected to reach another peak when Dangote’s refinery comes online.
