Rank #188
Abdulsamad Rabiu
Net worth $15.8B
Cement, sugar · Nigeria
- Born
- Aug 04, 1960
- Age
- 65
- Source
- Cement, sugar
- Residence
- Lagos
- Citizenship
- Nigeria
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- 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.
- His foundation, the Abdul Samad Rabiu Initiative, supports education, health and social development projects across Africa.
Financial assets
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