What is A.A Rano Net Worth? We estimate A.A. Rano’s net worth at about $300 million (N150 billion Naira), and he is one of the top 20 wealthiest people in the country’s northern region.
A.A. Rano is a prominent businessman and entrepreneur from Nigeria. He is one of the country’s billionaires and one of the select few that manage to make it big in the oil sector.
Without a doubt, A.A. Rano is a successful businessman who founded the oil company “A.A. Rano Limited” and has achieved great success over the years.
Many people are curious about A.A. Rano’s net worth and how much money he has gained from the oil industry, which is the major reason we decided to write this article.
In this article, we’ll calculate his net worth by adding up all the money he makes from his various endeavours.
A.A Rano Biography and Net Worth
On June 9, 1944, Auwalu Abdullahi Rano, better known by his stage name A.A. Rano, was born and raised in the northern Nigerian city of Kano.
The internet contains no information about A.A. Rano attending or graduating from a university, making him one of the billionaires who never went to school.
According to A.A. Rano, he began his oil business as a small-scale enterprise when he was still a young man. Today, he is one of Nigeria’s richest businesspeople.
As previously stated, the major purpose we wrote this article was to calculate his net worth, therefore let’s not discuss too much about his biography here.
ALSO READ: Jimmy Kimmel net worth ( Updated 2023)
A.A Rano Income from his oil company
We are all aware that the owners of oil businesses in Nigeria are extremely wealthy because the country’s primary industry is oil. Therefore, we must know how much money A.A. Rano has been making from his oil company to determine his net worth.
We ascertain people’s net worth on this website by producing evidence of evaluation, which distinguishes us from other websites.
You will find a ton of results when you search for A.A. Rano’s net worth which lists his wealth without any sort of assessment.
Here, we reverse that, so let’s start by figuring out his net worth.
On the internet, it was claimed that A.A. Rano owns 120 filling stations in Nigeria as a whole. So let’s find out how much he spent on his business’s launch.
According to online sources, it was stated that it would cost approximately $200,000 to create a typical gas station in Nigeria.
Therefore, if you do the arithmetic, 120 gas stations will generate an estimated $24 Million in revenue, which is a significant sum of money.
Let’s look at the earnings he has been making since the beginning of his profession now that we are aware of how much he makes regularly.
Given that filling stations typically make $10,000 per month in profit, 120 of them will generate $1.2 million in monthly revenue and $14 million in yearly revenue.
His firm was said to have been launched 20 years ago, according to A.A. Rano’s online page. So, if you do the math, $300 million in total revenue will be generated over 20 years.
After learning about all of his earnings from his sources of income, it is time to wrap up this article by providing A.A Rano’s net worth.
A.A Rano Net Worth 2023
A.A. Rano’s estimated net worth is $300 million (N150 billion Naira), and he is one of the top 20 wealthiest people in the country’s northern region.