Rising shares propel Rabiu’s stake in cement and food ventures to a combined $11.91-billion valuation.
Abdul Samad Rabiu
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Rabiu’s $7.2-billion fortune places him second in Nigeria, fifth in Africa, and 343rd globally on Forbes’ billionaires list.
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His net worth now stands at $7.4 billion — solidifying his position as a top figure in Africa’s business landscape.
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Starting 2023 with a net worth of $7.5 billion, Rabiu faced a $1.8-billion wealth decline due to the Central Bank’s implementation of …
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Nigerian billionaire Abdul Samad Rabiu’s BUA Group expands energy portfolio with LNG project
With Rabiu at the helm, BUA Group has emerged as a major player in Africa’s foods, mining, manufacturing, and industrial sectors.Â
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BUA Cement has solidified its position as Nigeria’s second-largest cement producer.
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Rabiu has become a notable philantrophist across Africa.
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Nigerian president inaugurates billionaire Abdul Samad Rabiu’s $1.2-million innovation center
ASR Africa focuses on delivering enduring impact in health, education, and social development across the African continent.
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Rabiu’s portfolio includes a 99.8-percent stake in BUA Foods, the crown jewel of his holdings, valued at N3.64 trillion ($4.54 billion).
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Leading the ranks on the Nigerian Exchange are iconic figures like Aliko Dangote, Femi Otedola, and Abdul Samad Rabiu.