What is Abdulsamad Rabiu’s Net Worth?
Abdulsamad Rabi is a Nigerian businessman who has a net worth of $700 million. He is the founding father of BUA Group, a Nigerian conglomerate with pursuits in sugar refining, cement manufacturing, actual property, metal, port concessions, manufacturing, oil and fuel, and delivery. The group additionally owns the ship BUA Cement 1, a 200-meter lengthy vessel designed for heavy hundreds. It is Nigeria’s first floating terminal. In addition to his belongings within the BUA Group, Rabiu owns property in Britain, price $62 million, and in South Africa, price $19 million. Among his properties is a home in Gloucester Square in London price practically $16 million and a penthouse at The One & Only Hotel, in Cape Town, price $12.6 million. Abdulsamad was born in Kano to the family of a well known businessman named Ishyaku Rabiu. His father had made his fortune from buying and selling within the years after Nigeria’s independence.
By the mid 70s, Abdulsamad’s father turned fairly influential and he was a degree man within the political scene. By 1983, the navy coup which led to the arrest of President Shehu Shagari discovered Ishayku, Abdulsamad’s father, incarcerated as effectively. During this era, Abdulsamad was away within the US getting his bachelor’s diploma. He returned dwelling at 24 to search out his father’s enterprise in dire straits. With little or no enterprise expertise, Abdulsamad needed to take over the reins to revive his father’s now failing enterprise empire. He went out on his personal in 1988 and began BUA group, importing rice, sugar and edible oils in addition to metal and iron rods and has since made fairly a fortune for himself. He labored his approach to reworking his hundreds of thousands into billions and credit a sequence of radical choices to the rise of the empire that Abdulsamad has constructed at this time.
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