Abdulsamad Rabiu's Net Worth Reaches $18.7 Billion

Abdulsamad Rabiu, the founder of BUA Group, has seen his net worth rise sharply to approximately $18.7 billion as of May 28, 2026. This increase, amounting to about $8.54 billion or an 84.3% gain since January 1, 2026, is attributed to sustained performance in his core assets, particularly BUA Food PLC and BUA Cement PLC.

BUA Cement is recognized as Nigeria's second-largest cement producer, generating revenues of N1.2 trillion in 2025, supported by steady domestic demand for infrastructure expansion. BUA Food maintains its position as Nigeria's second-largest pasta producer and a significant player in the fast-moving consumer goods segment.

Rabiu's wealth is heavily concentrated in equity holdings, with approximately 98% ownership in BUA Cement and around 93% in BUA Food. The companies have demonstrated strong profit margins, with BUA Cement reporting a net profit margin of 49.69%, reinforcing its competitive position against peers like Lafarge Africa and Dangote Cement.