Abdul Samad Rabiu now second wealthiest African as net worth hits $18.6bn
Abdul Samad Rabiu, founder and chairman of BUA Group, has reportedly overtaken Johann Rupert, the South African billionaire, to become Africa’s second-richest individual.
Rabiu’s progression comes after he recorded one of the biggest wealth gains globally this year, according to the Bloomberg Billionaires Index (BBI).
Rabiu’s net worth rose to $18.6 billion, placing him 138th on the global wealth list and marking a year-to-date increase of about $8.47 billion.