Dangote, Rabiu Record Incredible Wealth Increase Over N300bn In A Week, Mike Adenuga Lagging Further
Aliko Dangote and Abdul Samad Rabiu, two of Nigeria’s most prominent businessmen, have reached $800 million in wealth in one week (Sunday 4 March 2023 to Sunday 12 March 2023). (N364.41bn) We have seen a sharp increase.
Meanwhile, Nigeria’s third richest man, Mike Adenuga, did not see his wealth grow during the same period.
Aliko Dangote’s fortune surged from $13.9 billion on March 4 to $14.2 billion on March 12, reflecting an increase of $300 million (N138.1 billion), according to Forbes billionaire ranking data. bottom.
Aliko Dangote’s surge in wealth was largely due to the extraordinary performance of his company, Dangote Cement, and the resulting increase in its share price.
Dangote Cement’s stock price surged from N278 to N288 per share during the review period.
Abdul Samad Rabiu
Forbes also reports that Abdulsamad Rabiu’s net worth was $8.2 billion as of March 12. This reflects a $500 million increase in net worth compared to his $7.7 billion on March 4th.
Rabiu’s impressive achievements are also due to the growth of his conglomerate BUA Group, which has interests in the production of cement, sugar and flour.
However, Mike Adenuga’s net worth remains unchanged at $6.1 billion, which is a different story as the wealth gap between him and the other two billionaires widens.
Despite lagging behind, Adenuga remains one of Nigeria’s most successful and influential business leaders, Globacom is the country’s second largest mobile network operator, and Conoil is the We are expanding our business.
Dangote To Pocket N293bn Large sale in 2022 from cement company
Meanwhile, in another report, Economic Confidential revealed that Africa’s richest man is taking home more than N293 billion in dividends from his cement company, Dangote Cement. Aliko Dangote’s cement company records his 16.96% revenue growth in 2022, hitting a record high of over N1.61 trillion. Dangote’s dividend exceeds his 25-state budget for fiscal year 2023.