When talking about African business giants, Abdulsamad Rabiu is not an exception. According to Forbes, Rabiu was one of the surprises recorded in the 2023 ratings has he rose from $7.6 billion a few months ago to $8.2 billion to become the 249th richest person in the world.
Meet the Nigerian Billionaire in this article
Biography
Abdulsamad Rabiu is a Nigerian Billionaire businessperson who was given birth on the 4th of August 1960 into a wealthy family in his hometown in Kano State.
His father, the late Khalifah Isyaku Rabiu, who was one of the topmost industrialists in Northern Nigeria, had given him great insight into business at a very young age.
He had his primary and secondary education in the Kano state of Nigeria and then proceeded to Capital University in Columbus, Ohio, USA, where he obtained a degree in Economics.
Age
Abdulsamad Rabiu was born on the 4th of August 1960. This implies that he is presently 61 years of age and will be 63 by August 2023.
Wife
There is no exact information in the media space as regards the identity of Abdulsamad Rabiu’s wife.
Children
Abdulsamad Rabiu has four children namely, Isyaku Rabiu, Junaid Rabiu, Rukkayah Rania Rabiu and Khadijah Rabiu. There is very little information known about his children.
Source of Wealth
On arriving in Nigeria in 1984, he was made to oversee his father’s business at the young age of 24.
Having gained substantial ideologies of business, he decided to establish his own business, BUA International Limited, which was mainly focused on imports of steel, iron, rice, and edible oil.
Over the years and after overcoming several challenges that came his way, Abdulsamad Rabiu was able to build his business into a conglomerate, which is known today as BUA Group.
He is also the chairperson of the Nigerian Bank of Industry known as BoI.
Net worth
According to the Forbes list, Alhaji Abdulsamad Rabiu has an estimated net worth of $8.2 billion.
Alhaji Abdulsamad Rabiu is the CEO and Chairman of the BUA Group, which oversees a group of companies. Listed below are the companies under the BUA Group:
- BUA Cement
- BUA sugar refinery
- BUA Oil Mills Limited
- BUA Estates
- BUA Port and Terminals Limited
- BUA Flour mills
