4 Mar 2014

Nigeria's Newest Billionaire - Abdulsamad Rabiu

Abdulsamad Rabiu is new to the Forbes World's Billionaires list this year. He is the founder of BUA Group, a Nigerian conglomerate with interests in sugar refining, cement production, real estate, steel, port concessions, manufacturing, oil and gas, and shipping. We estimate the Group's annual revenues at more than $2 billion. He got his start in business working for his father, Isyaku Rabiu, a successful businessman from Nigeria's northern region. He struck out on his own in 1988, importing rice, sugar and edible oils as well as steel and iron rods. - Forbes





  • Net Worth
  • $1.2 Billion
  • As of March 2014
Age
54
Source Of Wealth
sugar, flour, cement
Residence
Lagos, Nigeria
Citizenship
Nigeria
Marital Status
Married

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