The four African extremely rich people whose total assets have expanded since beginning of 2022

#3 Abdul Samad Rabiu

Total assets: $5.8 billion

Year-to-date abundance gains: $400 million

Ethnicity: Nigerian

Because of the posting of BUA Foods Plc, Abdul Samad Rabiu, the pioneer behind BUA Group, perhaps of Africa’s quickest developing aggregate, has seen positive abundance acquires this year.

The market worth of his stake in his recently united food combination, which opened up to the world on Jan. 5, offset the decrease in the market worth of his stake in his concrete business, BUA Cement Plc, as its portion cost tumbled from N71.95 ($0.17) to N58.8 ($0.14) at the hour of composing this report.

His total assets has ascended by $400 million starting from the beginning of the year, from $5.4 billion to $5.8 billion.

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