Abdulsamad Rabiu Richer Than Aliko Dangote – Africa’s Richest

Abdulsamad Rabiu Richer Than Aliko
Dangote – Africa’s Richest
Billionaire Emerge
Highly celebrated Nigerian businessman, Alhaji
Aliko Dangote is about to lose his position to
another wealthy Nigerian business tycoon.
The man in question is Abdulsamad Rabiu, a 53-
year-old Nigerian businessman who followed his
dad’s footsteps by venturing into importing
business.
Rabiu started importing commodities like rice,
Sugar and cement, etc in the early 80s and today
he is the founder of BUA Group, a company that
makes $1.9 billion yearly in revenues.
BUA also specializes in Sugar refinery, flour mills
production and vegetable oil processing.
Rabiu’s company also operates the BUA Cement I,
a 200-meter long vessel designed for heavy loads.
It is Nigeria’s first floating terminal. He is already
touted to unseat Aliko Dangote, the current Africa’s
richest man.
According to a recent report by Forbes Africa,
Rabiu has assets and business interests that is
about to make him Africa’s richest man.
In addition to his assets in the BUA Group, Rabiu
owns property in Britain, worth $62 million, and in
South Africa, worth $19 million. Among his
properties is a house in Gloucester Square in
London worth nearly $16 million and a penthouse
at The One & Only Hotel, in Cape Town, worth
$12.6 million. Rabiu’s taste for good living is plain
to see; he has bought homes from Eaton Square to
Avenue Road, also known as Millionaires’ Row.
Rabiu jets around the world on an eight-seater
Gulfstream G550 worth $44.9 million, powered by
a Rolls-Royce BR710 turbofan engine, as well as
an $18-million Legacy 600 aircraft.“
Hmmm it’s time for Aliko Dangote to sit tight
because Abdulsamad Rabiu is about to overtake
him.
Believe it or not many silent billionaires still exist
in Nigeria today. It’s a land flowing with milk and
honey for people who have the strength to start
small.