Abdul Samad Rabiu Overtakes 200 Billionaires in Bloomberg's Rich List

Abdul Samad Rabiu, Nigeria's second richest businessman and Chairman of BUA Group, has re-entered Bloomberg's index of the world's 500 wealthiest individuals, surpassing over 200 billionaires. With a net worth of $8.82 billion as of November 6, 2025, Rabiu's wealth surged by $5.67 billion in 2025.

He leads as the wealthiest person in Africa, followed by Johann Rupert's family from South Africa. Rabiu's conglomerate, BUA Group, includes BUA Cement (NGX: BUACEMENT) and BUA Foods (NGX: BUAFOODS), contributing to his success.

Other notable African billionaires mentioned include Nicky Oppenheimer, Naguib Sawiris, and Nassef Sawiris.