BUA Chairman Abdul Samad Rabiu Leads Africa’s Wealth Surge in 2026 Forbes Ranking
Chairman of BUA Group, Abdul Samad Rabiu, has emerged as the African billionaire with the highest wealth growth in the 2026 rankings by Forbes.
According to a report by Daily Post Nigeria, Rabiu’s fortune rose by 120 percent, climbing to $11.2 billion, making him one of the biggest wealth gainers on the continent this year.
The surge in his wealth is largely attributed to the strong performance of companies under the BUA Group, particularly in the cement, sugar and infrastructure sectors.
Rabiu’s business empire includes major firms such as BUA Cement and BUA Foods, both of which have seen significant growth in recent years.
The latest ranking highlights Rabiu’s rising influence among Africa’s wealthiest individuals and underscores the expanding footprint of Nigerian entrepreneurs in key industries across the continent.
Analysts say the billionaire’s investments in manufacturing and infrastructure have contributed to his company’s growth and strengthened its position within Nigeria’s industrial sector.
The Forbes wealth rankings track the net worth of the world’s richest individuals, reflecting the performance of their businesses, assets and investments.