A.A Rano Net Worth and Biography 2023
A.A Rano is a well-known Nigerian businessman and entrepreneur. He is one of the nation’s billionaires and one of the exclusive few who has succeeded in the oil industry.
The Kano State billionaire, who started the oil company “A.A. Rano Limited” and has had enormous success throughout the years, is unquestionably a successful businessman.
A.A. Rano is one of the top 20 wealthiest people in the northern part of the country, with an estimated net worth of $9 Billion.
A.A Rano Profile Summary
- Real Name: Alhaji Auwalu Abdullahi Rano
- Date Of Birth: 1962
- State Of Origin: Kano State, Nigeria
- Nationality: Nigerian
- Wife: Hajia Asma’u Auwalu Abdullah
- Occupation: Business Mogul
- Net Worth: USD 9 BillionD
- Place of Birth: Rano/Kano State
- Company: A.A Rano (Founder)
A.A Rano Early Life
In the Rano local government region of Kano state’s Lausu village, AA Rano was born. In the Rano Local Government Area of Kano State’s Lausu Village, AA Rano was born. About his early years and family, little is known.
AA Rano went to a public secondary school in the state of Rano Kano. He received a Business Administration degree from Bayero University and a Master of Business Administration from the same institution.
Career
In 1994, he began his oil business, and in the early 2000s, he founded AA Rano. Full-stream oil and gas firm AARano Nigeria.
The business is involved in the trade and importation of petroleum products, as well as the wholesale and retail distribution of PMS, DPK, AGO, LPG, and lubricants. It also stores and transports petroleum products.
With over 600 trucks and 115 retail locations throughout Nigeria, we are growing our retail network to give customers the greatest products at the lowest pricing.
It purchased a ship, built a 56 million-litre tank farm facility, and is currently building a 20,000 metric ton LPG factory in Lagos, Nigeria as part of its strategic business expansion initiative.
He is also a philanthropist and established the AA Rano Foundation, a non-profit group that focuses on community development initiatives like women’s empowerment, health, and education.
A.A Rano Income from His Oil Company
Because oil is the main industry in the nation, we are all aware that oil business owners in Nigeria are tremendously affluent. To calculate A.A. Rano’s net worth, we must know how much money his oil company has been bringing in.
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It was asserted online that A.A. Rano owns 120 gas stations in all of Nigeria.
An average gas station in Nigeria is estimated to cost around $200,000 to build, according to online sources.
As a result, if you do the math, it is anticipated that 120 petrol stations will bring in $24 Million, which is a considerable lot of money.
120 gas stations will provide $1.2 million in monthly income and $14 million in annual revenue, assuming that each makes an average monthly profit of $10,000.
According to A.A. Rano’s online page, his business was established 20 years ago.
So, if you do the math, $300 million will be made in total over 20 years is now time to bring this article to a close by revealing A.A. Rano’s net worth after learning about all of his earnings from his many sources of income.
Personal Life
On the internet, not much is known about AA Rano’s personal life.
Net Worth
AA Rano’s net worth has been calculated to be $9 billion. The wealthiest businessman in the north is him.
Social Media
Twitter: @aaranonigeria
