Abdul Samad Rabiu

Abdul Samad Rabiu
Born (1960-08-04) 4 August 1960 (age 64)
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".