https://en.sputniknews.africa/20260507/1085568896.html

Owner of Nigerian Conglomerate Becomes Africa's Second Richest Man: Media

Owner of Nigerian Conglomerate Becomes Africa's Second Richest Man: Media

Sputnik Africa

Owner of Nigerian Conglomerate Becomes Africa's Second Richest Man: MediaAbdul Samad Rabiu, founder and chairman of BUA Group, has reportedly reached a... 07.05.2026, Sputnik Africa

2026-05-07T16:34+0200

2026-05-07T16:34+0200

2026-05-07T16:44+0200

sputnik africa

https://cdn1.img.sputniknews.africa/img/07ea/05/07/1085568737_0:0:1024:576_1920x0_80_0_0_86264e391fc0746b0886410f6a47dca4.jpg

Owner of Nigerian Conglomerate Becomes Africa's Second Richest Man: MediaAbdul Samad Rabiu, founder and chairman of BUA Group, has reportedly reached a net worth of approximately $19 billion. This makes him the second richest man in Africa, behind only Aliko Dangote.🪙 Over the past year, his wealth has surged by an impressive $8.88 billion—the strongest growth among billionaires on the continent, according to local media.Two key drivers have fueled this dramatic rise:BUA Cement — one of the largest cement producers in AfricaBUA Foods — rising revenues have significantly contributed to Rabiu's growing wealthWatch the video to hear Rabiu speaking at the BUA Cement Distributors' Award. Subscribe to @sputnik_africa Sputnik Africa | X

2026

News

en_EN

sputnik africa