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#226 Billionaire

Abdulsamad Rabiu

Abdulsamad Rabiu
$12.8B
$-7M (-0.1%)
NG · Age 65
Source of wealth: Cement, sugar
Industry: diversified
Residence: Lagos, NG
{ "bio": [ "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." ], "about": [ "His foundation, the Abdul Samad Rabiu Initiative, supports education, health and social development projects across Africa." ] }

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