Abdulsamad Rabiu
$4.75B
as of 10/04/24
About Abdulsamad Rabiu
Abdulsamad Rabiu is the founder of BUA Group, a Nigerian conglomerate active in cement production, sugar refining and real estate.
In early January 2020, Rabiu merged his privately-owned Obu Cement company with listed firm Cement Co. of Northern Nigeria, which he controlled.
The combined firm, called BUA Cement Plc, trades on the Nigerian stock exchange; Rabiu owns 98.2% of it. He also owns 95% of publicly traded food conglomerate BUA Foods.
Rabiu, the son of a businessman, inherited land from his father.
He set up his own business in 1988 importing iron, steel and chemicals.
Personal stats
Citizenship
NigeriaSource of wealth
Cement, sugarResidence
Lagos, NigeriaMarital status
MarriedBirth date
08/04/60 (age 64)Self-made
inherited and growingAbdulsamad Rabiu’s fortune is worth
79K
troy ounces of gold
73K
median U.S. household
47K
median U.S. income
0.095%
U.S. credit card volume
0.019%
GDP of the United States
0.014%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
His foundation, the Abdul Samad Rabiu Initiative, supports education, health and social development projects across Africa.
Net worth over time
Real-time ranking
Financial assets
NIGERIA | BUACEMENT-NG
BUA Cement PLCNIGERIA | BUAFOODS-NG
BUA Foods PlcImages © Forbes.com. All rights reserved.