Nigerian businessman and Chairman of BUA Group, Abdulsamad Rabiu has an estimated net worth of $1.4 billion as of July according to Forbes list of billionaires. Making him the fourth richest person in Nigeria. From a renowned family, his father is one of Nigeria’s most influential businessmen, Isyaku Rabiu; who started making his fortune from trading in the early years of Nigeria’s independence.
New on Forbes list, Abdulsamed Rabiu’s stake in his commodities and cement empire, plus his real estate holdings in both South Africa and London all generated his enormous wealth. Born in wealth, he turned his millions into billions…This billionaire earned his bachelor’s degree in economics from Capital University in Columbus, Ohio. When Rabui returned home after his studies he had to take over the business of his father, Isyaku Rabiu, who was ill at the time.
Only in the year 1988 he decided to start his own business BUA Group, a Nigerian conglomerate with interest in sugar refining, flour, cement production, real estate, steel, port concessions, manufacturing, oil, gas, and shipping. He serves as BUA Group’s Chairman, Chief Executive Officer and Director. He also serves as the Chairman of Cement Company of Northern Nigeria Plc.