Abdulsamad Rabiu's Net Worth Reaches $12.3 Billion

As of February 18, 2026, Nigerian industrialist Abdulsamad Rabiu's net worth has climbed to $12.3 billion, marking an increase of $915 million in a single day, which represents an 8.1% year-to-date gain of $2.13 billion. This surge reflects renewed investor confidence in the broader resilience of Nigeria's industrial sector, significantly driven by the performance of BUA Food PLC and BUA Cement.

Rabiu, the founder and chairman of BUA Group, a diversified conglomerate with interests in cement, food processing, and infrastructure manufacturing, has seen his fortune rise according to the Bloomberg index. Notably, several privately held businesses within BUA Group are not fully captured in the current wealth estimate due to limitations in public disclosure.

Rabiu, born in 1960 in Kano, Nigeria, returned to Nigeria at age 24 to manage the family enterprise, which he established as BUA Group in 1988, focusing on large-scale manufacturing through strategic mergers and acquisitions.