Nigerian billionaire Abdulsamad Rabiu has recorded a significant jump in his fortune, adding $4.47 billion to his net worth, which now stands at $14.6 billion.
The surge has propelled the founder of BUA Group further up the global wealth rankings, placing him among the world’s top 200 richest individuals, according to the Bloomberg Billionaires Index.
Rabiu’s rise also sees him overtake Naguib Sawiris, strengthening his standing among Africa’s wealthiest figures and marking a notable shift in the continent’s billionaire hierarchy.
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The increase in his net worth is largely driven by BUA Group’s ongoing expansion and strategic international partnerships. These include collaborations with SINOMA in cement production, Bühler Group in rice processing, and Viteral in animal feed production.
The partnerships form part of a broader strategy to scale up industrial capacity and deepen the group’s footprint across key sectors of the economy.
