Nigerian Industrialist Abdulsamad Rabiu Sees Significant Wealth Surge in 2025

Nigerian Industrialist Abdulsamad Rabiu Sees Significant Wealth Surge in 2025

In a remarkable display of financial prowess, Nigerian business magnate Abdulsamad Rabiu has witnessed a substantial increase in his net worth, with his wealth growing by a staggering $2.2 billion in the first seven months of 2025. This remarkable upsurge is attributed to the significant appreciation in the share prices of his flagship companies, BUA Cement Plc and BUA Foods Plc.

Commencing the year with an estimated net worth of $5.1 billion, Rabiu's wealth has now reached an impressive $7.3 billion as of August 9, 2025, according to Forbes' real-time billionaire tracker. This notable increase marks a daily rise of $92 million, representing a 1.25% growth, and catapults him to the 480th position on the global wealth list.

As the founder and chairman of BUA Group, a diversified conglomerate with interests in cement, sugar, and real estate, Rabiu's significant ownership stakes in its listed companies, including 98.2% of BUA Cement and 95% of BUA Foods, have contributed significantly to his wealth accumulation. This impressive feat is a testament to Rabiu's shrewd business acumen and his ability to navigate the complex landscape of the African business environment.