Black Billionaires of 2019

11. Abdulsamad Rabiu

Net Worth: $1.6B

Abdulsamad is a Nigerian man who earned his fortune in the Cement and Sugar industries. He is the founder of BUA Group. The company is a Nigerian conglomerate with interests in sugar refining, cement production, real estate, steel, port concessions, manufacturing, oil gas and shipping.

BUA Group’s annual revenues are estimated at over a whopping $2 billion. Abdulsamad got his start in business working for his father, Isyaku Rabiu, a successful businessman from Nigeria’s Northern region.

He started his own business in 1988, importing rice, sugar, edible oils as well as steel and iron rods. Like father like son could not be any more true with Abdulsamad and his father Isyaku.

⚠️ Make sure to Like Us 👍🏾 on Facebook using the widget below so you don’t miss out on new stories like this. ⬇️



What do you think?

Don't Miss

Oldest Black-Owned Bookstore in the Country Founded 60 Years Ago is Still Thriving

More women come forward in Lifetime’s new season of ‘Surviving R. Kelly’