Abdulsamad Rabiu Richer Than Dangote, Africa’s Richest Billionaire Emerges

[Shola Sholaz]

Highly celebrated Nigerian businessman, Alhaji Aliko Dangote is about to lose his position to another wealthy Nigerian business tycoon.
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The man in question is Abdulsamad Rabiu, a 53- year-old Nigerian businessman who followed his dad's footsteps by venturing into importing business.
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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.
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BUA also specializes in Sugar refinery, flour mills production and vegetable oil processing.
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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.
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According to a recent report by Forbes Africa, Rabiu has assets and business interests that is about to make him Africa's richest man.
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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.
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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."
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Hmmm it's time for Aliko Dangote to sit tight because Abdulsamad Rabiu is about to overtake him.
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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.

[Folami David]

Both Nigerians are doing well.
I don't believe in competition when we talking 'Money'.
They both have that money #Shikena

[Glory Skales Charity]

Well good to know he is also a Nigerian. Now let them keep making the money and helping Nigerians

[Nifemi Donald]

Well that is what we heard to. This new man must be VERY rich then if i must say. Good one.