- Aliko Dangote and Abdul Samad Rabiu have seen their wealth grow significantly within a week, according to Forbes Billionaires Rankings.
- Dangote’s net worth increased by $776 million due to the strong performance of his cement company.
- Mike Adenuga’s wealth remains unchanged, further behind Dangote and Rabiu
Aliko Dangote and Abdul Salam Rabiu, two of Nigeria’s most prominent businessmen, saw their wealth skyrocket in a week from Sunday 4 March 2023 to Sunday 12 March 2023 Did.
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.
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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.
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Dangote Cement’s stock price surged from N278 to N288 during the review period.
Abdul Salam Rabiu
Forbes reports that Abdulsalam Rabiu’s net worth has reached $8.2 billion as of March 12.
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.
Aliko Dangote, another African billionaire to gain U.S. recognition alongside other black billionaires
Dangote to pocket N293 billion from cement firm’s massive turnover in 2022
On the other hand, another report Legit.ng Africa’s richest man has revealed he will take home more than N293 billion in dividends from his cement company Dangote Cement.
Aliko Dangote’s cement company records a 16.96% revenue growth in 2022, hitting a record high of over N1.61 trillion.
Dangote’s dividend exceeds 25 state budgets for 2023.