Less than a month after his conglomerate, BUA Group, handed out a rare N30 billion 20.7 million cash award to long-serving employees , Nigerian billionaire Abdul Samad Rabiu is seeing his personal wealth climb again. His fortune, now estimated at about 9.7 billion, has moved him within striking distance of the 10 billion mark, underscoring the scale of a business empire built across cement, food processing, sugar refining and infrastructure.
The latest rise follows an extraordinary year for Rabiu. At the start of 2025, his net worth stood near 5.1 billion. By Dec. 31, it had reached 9.5 billion, driven largely by sharp gains in the share prices of BUA Cement and BUA Foods, the groups two publicly listed companies. Early trading in the new year has added another 200 million, according to Forbes real-time billionaires data , lifting his wealth to 9.7 billion within the first week of January.
BUA Cement, Foods boost Rabiu
