Abdulsamad Rabiu

Born: August 4, 1960, Kano, Nigeria;

Occupation: Businessman;

Position: Chairman, CEO;

Company: BUA Group;

Industry: Manufacturing, Real Estate Development, Oil & Gas and Shipping;

Residence: Nigeria;

Nationality: Nigerian;

Net worth (2021/10/21): USD $4.7 Billion;

Abdulsamad Rabiu

Abdulsamad Rabiu, is the billionaire (net worth $4.7 billion as 2021/10/21) chairman and CEO of BUA Group, a privately-owned conglomerate with annual revenues estimated at $2 billion, and interests in manufacturing, port concessions, real estate development, oil & gas and shipping.

BUA Group started business in 1988 as a Private Limited Liability Company specializing in the importation and marketing of iron & steel, agricultural and industrial chemicals. Since then it has developed into a fully-fledged, diversified business with stakes in a wide range of business sectors.

Mr. Rabiu, is the son of well known businessman Isyaku Rabiu (Isyaku Rabiu has four wives and 37 children.), who made a fortune in trade and industry in the decades after Nigeria’s independence from the UK in 1960. By the 1970s, Isyaku emerged as a key sponsor of the National Party of Nigeria, which became the ruling political party after the country returned to civilian rule following the elections of 1979. A military coup in 1983 toppled the government and led to the arrest of then-President Shehu Shagari and many of his close associates, including Isyaku.

Besides his assets in the BUA Group, Rabiu owns property in Britain worth $62 million, and in South Africa, worth $19 million. Among his properties is a house in Gloucester Square in London worth nearly $16 million and a penthouse at The One & Only Hotel, in Cape Town, worth $12.6 million. Rabiu’s taste for good living is plain to see; he has bought homes from Eaton Square to Avenue Road, also known as Millionaires’ Row. Mr. Rabiu owns an 8-seater Gulfstream G550 worth $44.9 million, powered by a Rolls-Royce BR710 turbofan engine, as well as an $18-million Legacy 600 aircraft.

Philanthropy, Community Service and Memberships

The BUA Foundation has contributed to the construction of a 7,000-square-meter paediatric ward at the Aminu Kano Teaching Hospital and the construction of the Centre for Islamic Studies at Bayero University Kano amongst several others.

Education

Mr. Rabiu earned a bachelor’s degree in economics from Capital University in Columbus, Ohio.

Let's Make Africa & The African Diaspora The Largest Economy In The World!

The African Diaspora is the worldwide collection of communities descended from native Africans or people from Africa. Black People!

One small step in overcoming 500 years of "The HUMILIATION of Black People." We must never forget!

A message from Errol I. Mars, founder of BlackEntrepreneurProfile.Com

I would like to tell you about our mission and how you can help us fulfill it. Our mission is to build the most comprehensive database of successful black entrepreneurs, executives and companies. We originally started blackentrepreneurprofile.com to show successful black people who didn't play sports or entertain others for a living. Over the years we've received many emails from users who really approached the fact that this resource was available and how it has motivated them or inspired their children.

The research we perform along with the free content we produce -- takes a lot of hard work, time and money. Striving to produce high quality content requires the support of sponsors who are aligned with our vision.

We need your help to accomplish this. We welcome any financial contribution you can make to help us improve our technology and content by contributing to us using one of the following methods.

Your contributions will help our small, independent team to focus on producing great content and will allow us to continue to grow Black Entrepreneurs & Executives Profiles.

Recently Added Black Executives

Occupation: Businesswoman; Position: Global Chief Marketing Officer; Company: Logitech International S.A.; Industry: Consumer electronics,…

Occupation: Businessman; Position: President & CEO, Converse, Inc.; Company: NIKE; Industry: Apparel, Accessories, Sports equipment; …

Occupation: Businesswoman; Position: President & CEO; Company: Electro Soft, Incorporated; Industry: Manufacturing, Electronics Components; …

Occupation: Businessperson; Position: VP, Strategy & Development; Company: NIKE, Inc.; Industry: Apparel, Accessories, Sports equipment; …

Occupation: Businessman; Position: President of Jordan Brand; Company: Nike, Inc.; Industry: Apparel, Accessories, Sports equipment; …

Latest News & Articles

Rihanna’s billion-dollar Savage X Fenty lingerie brand plans to open storefronts in 2022. “Retail is an important part of our growth strategy. You’ll…

Percy "Master P" Miller, the serial entrepreneur and master marketer known best for founding No Limits Records, is celebrating reaching 1 million…

Firefly Aerospace, Inc., a leading provider of economical and dependable launch vehicles, spacecraft, and in-space services, today announced that…

Rihanna is now worth $1.7 billion, making her the wealthiest female musician in the world. But it’s wasn't music that’s made her so rich.

Jay-Z and NBA player Andre Iguodala, was among group of investors who worked with Blackstone Group Inc. in purchasing Certified Collectibles Group, a…

Black Billionaires

Born: April 10, 1957, Kano, Kano State, Nigeria; Occupation: Businessperson; Position: Chairman, President; Company: The Dangote Group; …

Born: February 20, 1988, Saint Michael, Barbados; Occupation: Businesswoman, singer, songwriter, actress; Position: Co-Founder; Organizations: …

Born: December 4, 1969, Brooklyn, NY; Company: Roc Nation; Position: Founder; Industry: Media, Entertainment, Publishing, Fashion; Residence:…

Born: June 8, 1977, Atlanta, Georgia; Occupation: Rapper, Music Producer, Fashion Designer, Businessman; Position: Founder; Company: Yeezy; …

Born: January 29, 1954, Kosciusko, Mississippi, U.S.; Occupation: TV Host, Actress, Film & TV Producer, Businesswoman, Philanthropist; Position:…

FTC: Black Entrepreneur & Executive Profiles is reader supported, we may earn income on affiliate links. You support us by using our links to buy products, it will cost you nothing extra. Learn more...