Abdulsamad Rabiu hits $15.9bn net worth, strengthens Africa ranking
Moves to third richest African, narrowing gap with Johann Rupert
BUA Group chairman records Africa’s fastest billionaire gains in 2026
Nigerian industrialist Abdulsamad Rabiu, Chairman of BUA Group, has surged further up Africa’s wealth ladder, with his net worth rising to about $15.9 billion (approximately ₦21.6 trillion), according to the latest Bloomberg Billionaires Index.
READ ALSO: BUA CEO Abdulsamad Rabiu Gains ₦1.23trn in One Day, Ranks 4th Richest in Africa
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The increase places him firmly as the second richest man in Nigeria and now the third richest in Africa, following a strong year of financial growth.
Reports indicate that Rabiu recorded a year-to-date wealth gain of about $5.78 billion (₦7.86 trillion), making him the continent’s best-performing billionaire so far in 2026.
The surge has also allowed him to overtake South African billionaire Nathie Kirsh, who previously occupied the third position in Africa’s wealth ranking.
Rabiu is now reportedly closing in on Johann Rupert, Africa’s second richest man, whose fortune stands at about $18.0 billion after a decline of $1.42 billion this year.
Despite the rapid rise, Aliko Dangote remains Africa’s richest individual with an estimated net worth of $33.6 billion.
Analysts say Rabiu’s steady growth reflects a strong performance trajectory since early 2026, driven by expansion across key sectors under the BUA Group empire.
His continued rise places him among the fastest-growing billionaires globally this year, reinforcing Nigeria’s strong presence on Africa’s wealth map.
