Rabiu Now Fourth Richest Man in Africa As Dangote and Others’ Wealth Drop by N3.16tn in 2022

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Abdulsamad Rabiu has jumped in the list of richest men in Africa as the wealth of others drop Forbes reports that Rabiu is now the fourth richest man in Africa one place higher than where he started 2022 This happened as Dangote and other billionaires lost over N3trillion in the last three months 

Abdulsamad Rabiu, the chairman of BUA Cement Plc has risen to fourth place on the list of Africa's wealthiest men unseating Egyptian billionaire, Nassef Sawiris. According to Forbes, Rabiu made over $1.1 billion in 2022 and now has a net worth of $8.1 billion, up from $7 billion when the year began.

The US-based medium also reports that Rabiu is the only African billionaire in the top 10 that has recorded an increase in his wealth. 

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