Abdul Samad Rabiu

Abdul Samad Rabiu
Born (1960-08-04) 4 August 1960 (age 64)
Kano, Northern Region, British Nigeria (now in Kano State, Nigeria)
OccupationBusinessman
SpouseHannatu Musawa (divorced)
FatherIsyaku Rabiu
RelativesKabiru Isyaku Rabiu, Nafiu Isyaku Rabiu
Honours

Abdul Samad Isyaku Rabiu CFR CON GCON[1] (Listenⓘ; born 4 August 1960) is a Nigerian businessman and philanthropist. As of 2024, he is the second richest man in Nigeria.[2] His late father, Khalifah Isyaku Rabiu, was one of Nigeria's foremost industrialists in the 1970s and 1980s. Abdul Samad is the founder and chairman of BUA Group, a Nigerian conglomerate concentrating on manufacturing, infrastructure and agriculture and producing a revenue in excess of $2.5 billion. He is also the chairman of the Nigerian Bank of Industry (BOI).[3][4][5]

On 7 July 2020, Forbes estimated Rabiu's wealth at $3.2 billion, putting him 716th in the global billionaire's club.[6][7] In January 2022, he was reported to be the second richest man in Nigeria.[8] In April 2022 he was reported to be the fifth-richest man in Africa, with a net worth of $6.7 billion.[9] In January 2023, Rabiu was reported to have become the 4th richest man in Africa.[10]

  1. ^ "FULL LIST: Okonjo-Iweala, Abba Kyari... FG nominates 437 persons for national honours". TheCable. 2 October 2022. Retrieved 13 October 2022.
  2. ^ "Africa's Billionaires". Forbes. Retrieved 4 April 2024.
  3. ^ "Rabiu, Alakija, others in Forbes 'Black Billionaires' list". Premium Times Nigeria. 6 March 2019. Retrieved 19 March 2019.
  4. ^ "Dangote, Adenuga, Alakija rank among richest Blacks". Punch Newspapers. 7 March 2019. Retrieved 19 March 2019.
  5. ^ "Vp Osinbajo's Unquenchable Love For Bua Boss, Abdulsamad Rabiu". THISDAYLIVE. 18 November 2018. Retrieved 19 March 2019.
  6. ^ "Abdulsamad Rabiu". Forbes Africa's 50 Richest. Retrieved 12 February 2016.
  7. ^ Nsehe, Mfonobong. "The Black Billionaires 2019". Forbes. Retrieved 19 March 2019.
  8. ^ Oluwole, Victor (7 January 2022). "Abdul Samad Rabiu is now the second-richest man in Nigeria". Business Insider Africa. Retrieved 11 January 2022.
  9. ^ Nworah, Victor (27 April 2022). "Nigerian Billionaire, Abdul Samad Rabiu is now the 5th Richest African". Tickernewsng.com. Retrieved 28 April 2022.
  10. ^ "Le Nigérian Abdul Samad Rabiu détrône l'Egyptien Nassef Sawiris et devient le 4e homme le plus riche d'Afrique".