Abdul Rabiu’s net worth exceeds $8 billion after a $501 million rise in a single day.

BUA Group founder and billionaire Abdul Samad Rabiu, a Nigerian, has seen a stunning increase in his net worth, which has surpassed $8 billion thanks to a record $501 million rise in a single day.

Abdul Rabiu's net worth exceeds $8 billion after a $501 million rise in a single day.
Abdul Rabiu’s net worth exceeds $8 billion after a $501 million rise in a single day.

 

In the past 24 hours, Rabiu’s wealth has reached previously unheard-of heights, following in the footsteps of Nigeria’s wealthiest banker, Jim Ovia, and Africa’s richest man, Aliko Dangote.

 

Rabiu’s net worth soared by $501 million in a single day, going from $7.5 billion at the start of business on May 30 to an astonishing $8 billion at the end of the same day, according to the Bloomberg Billionaires Index, which analyzes the wealth of the 500 richest people in the world.

On May 30, the Nigerian Exchange saw a stunning rise, with stock prices rising by an astounding N1.5 trillion ($3.2 billion) in a single day.

President Bola Ahmed Tinubu’s enticing inaugural speech, which announced a number of initiatives intended to solve important concerns inside the Nigerian economy, served as the primary catalyst for this upsurge.

Use your ← → (arrow) keys to browse

See also  Your money won't be impacted by the debt exchange programme, the government says.

sikapa

Next Post

Married Woman Admits: "I've Cheated On My Husband For The Past 3 Years."

Sat Jun 3 , 2023
A married woman confessed to having a three-year romance with another man over live radio.   She claims she started cheating on him after 7 years of living alone without his return. Her husband has been in the US for 10 years. The woman who had three children with her […]
Married Woman Admits: "I've Cheated On My Husband For The Past 3 Years."