Abdulsamad Rabiu is new to the Forbes World’s Billionaires list this year. He is the founder of BUA Group, a Nigerian conglomerate with interests in sugar refining, cement production, real estate, steel, port concessions, manufacturing, oil and gas, and shipping. We estimate the Group’s annual revenues at more than $2 billion. Read more about him after the break
He got his start in business working for his father, Isyaku Rabiu, a successful businessman from Nigeria’s northern region. He struck out on his own in 1988, importing rice, sugar and edible oils as well as steel and iron rods.
Age – 54
Source Of Wealth – sugar, flour, cement
Residence – Lagos, Nigeria
Citizenship – Nigeria
Marital Status – Married