Abdul Samad Rabiu Net Worth

Net Worth:$6.7 Billion
Date of Birth: August 4, 1960 (63 years old)
Profession:Businessperson, Humanitarian

What is Abdul Samad Rabiu’s Net Worth?

Abdul Samad Rabiu is a Nigerian billionaire businessman and philanthropist who has a net worth of $6.7 billion. Abdul Samad Rabiu was ranked 716th among the world’s billionaires as of July 7, 2020, according to a Forbes assessment.

He was reportedly Nigeria’s second-richest man in January 2022, according to reports. With a net worth of $6.7 billion, Abdul Samad Rabiu was estimated to be the fifth-richest person in Africa as of April 2022.

Abdul Samad Rabiu became the fourth-richest man in Africa in January 2023.

Abdul Samad Rabiu is the founder and chairman of the Nigerian conglomerate BUA Group, which focuses on manufacturing, infrastructure, and agriculture and generates annual revenues of more than $2.5 billion.

In addition, he serves as chairman of the Nigerian Bank of Industry (BOI).

Early Life

Abdul Samad Rabiu was born on 4 August 1960 in Kano, Nigeria. When he was 24 years old, he returned to Nigeria to manage the family business after attending Capital University in Columbus, Ohio.


In 1988, Abdul Samad Rabiu founded BUA International Limited with the express objective of trading commodities. Rice, edible oil, flour, iron, and steel were all imported by the enterprise.

In 1990, BUA and the government, who owned Delta Steel Company, entered a contract under which BUA would supply raw materials in exchange for finished goods.

Later on, BUA bought Nigerian Oil Mills Limited, which was Nigeria’s biggest producer of edible oil. Two flour-milling facilities were established by BUA in Kano and Lagos in the year 2005.

Humanitarian Services

Abdul Samad Rabiu performs his charitable works through the BUA Foundation. These include, among others, building a 7,000-square-meter pediatric ward at the Aminu Kano Teaching Hospital and the Centre for Islamic Studies at Bayero University Kano.

Personal Life/Accolades

Abdul Samad Rabiu has four children and 42 siblings.

Muhammadu Buhari, the president of Nigeria, awarded him the title of Commander of the Order of the Federal Republic (CFR) in October 2022.

Here on Networthforum, we calculate all net worths using data drawn from public sources. We often incorporate tips and feedback from individuals or their representatives.

While we always strive to ensure that our figures are as accurate as possible, please note that they are only estimates, unless otherwise indicated.

This page is updated from time to time so that our readers will know the current net worth of Abdul Samad Rabiu. So feel free to check back for the current Abdul Samad Rabiu net worth in case of any update on his net worth.




Be the first to comment

Leave a Reply

Your email address will not be published.