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 and BUA Foods, contributing to his success.

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