Nigerian billionaire Abdulsamad Rabiu has been ranked as Africa’s third-richest individual in the 2026 wealth rankings released by Forbes. Rabiu’s net worth is estimated at $11.2 billion, reflecting the continued growth of his business empire across key sectors of the African economy.
Rabiu is the founder and chairman of BUA Group, a major industrial conglomerate with interests in cement production, sugar refining, infrastructure, and real estate. The company has expanded significantly in recent years, strengthening its position in Nigeria’s manufacturing and construction industries.
Analysts say Rabiu’s rise in the rankings highlights the growing influence of African industrialists who are investing heavily in local production and large-scale infrastructure projects. His businesses have also played a key role in supporting job creation and economic growth in Nigeria.
The latest ranking underscores the increasing wealth generated within Africa’s industrial and manufacturing sectors, as entrepreneurs like Rabiu continue to build large enterprises that shape the continent’s economic landscape.