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9 of the World’s 11 Black Billionaires Are African. Here They Are | [3 out of the 11 are Women]

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Abdulsamad Rabiu

#11:. Abdulsamad Rabiu, $1 billion Nigerian, Cement, Sugar

Rabiu founded BUA Group, a Nigerian conglomerate of shipping, manufacturing, oil and gas, sugar refineries, cement production, real estate, steel and port concessions. The group has annual revenues in excess of $2 billion.

Abdulsamad started out working for his father, Isyaku Rabiu, a successful businessman in Northern Nigeria before striking out on his own. In 1988, he started importing steel and iron, edible oils, sugar and rice.


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