How Dangote & BUA Cement CEO Made N30.4Billion in Just 8 Hours

Two notable Nigerian billionaires - Aliko Dangote and Rabiu Abdulsamad - have continued to grow their wealth created from businesses such as cement, agriculture

Dangote's fortune appreciated by 0.03 percent, Abdulsamad net worth has increased by 1.62 percent today, N28.85 billion and N1.64 billion gain respectively
The founder of Dangote Cement is now worth $13.4 billion, while BUA founder's wealth is put at $4.3 billion as of Tuesday, October 12, 2021.

Aliko Dangote, founder of Dangote Industries Limited, and Rabiu Abdulsamad, founder of BUA Group, made a combined N30.4 billion in eight hours on Tuesday. The two billionaires recorded this amount at the end of the capital market same day. 

While Dangote remains the richest man in Africa, the cement producer fell short of the earnings his counterpart, Abdulsamad, made today, as their wealth grew by 0.03 percent and 1.62 percent respectively.

The wealth of Dangote Cement founder rose to $13.4billion to maintain his lead on Nigeria and Africa's richest person list. According to a tracking billionaire index by Reuters, he gained N1.64 billion in eight hours.

Abdulsamad's fortune on the other hand, recorded 1.62 percent increase in his net worth which rose to $4.3 billion after he gained N28.85 billion in eight hours as reported by the billionaire index.

With his wealth put at $13.4 billion on Tuesday, Dangote occupied 191st position on the global billionaire list, sitting comfortably and far from Abdulsamad, who is placed 574 spot.

Note that both Dangote and Abdulsamad compete in the same industries, such as the cement market, sugar and salt sector. The two billionaires are also eyeing the oil industry.