Business
Nigerian billionaire Abdul Samad Rabiu’s fortune jumps $2.8 billion in weeks as record profits from BUA Foods push his wealth past $14 billion
Abdul Samad Rabiu started 2026 as Africa’s fifth-richest person. By late March he had climbed to third. The engine behind that rapid ascent is straightforward: his 2 publicly traded companies have delivered record profits, and the Nigerian Exchange’s investors have responded with the kind of buying that translates directly into net worth on a billionaire tracking index.
Forbes put Rabiu’s net worth at $11.2 billion on its March 2026 Africa rich list, a figure that already reflected a $6.1 billion gain over the previous 12 months. madagascar-tribune
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