Abdul Samad Rabiu, Nigeria's second-richest businessman and chairman of BUA Group, has returned to Bloomberg's Billionaires Index of the world's 500 wealthiest individuals.

His comeback follows a sharp rise in his net worth, which has increased by $5.67 billion so far in 2025.

Rabiu rejoins the Bloomberg index According to Bloomberg, Rabiu’s net worth stands at $8.82 billion as of Thursday, November 6, 2025.

Rabiu rejoins the Bloomberg index

According to Bloomberg, Rabiu’s net worth stands at $8.82 billion as of Thursday, November 6, 2025.

He is currently ranked as the 395th richest man in the world, overtaking more than 200 other billionaires on the global list.

Rabiu is the founder and chairman of BUA Group, one of Nigeria's largest industrial conglomerates.

BUA group subsidiary, BUA Cement, is the country’s second-largest cement producer, while BUA Foods, in which he holds a 93% stake, operates Nigeria’s largest pasta and flour plants.

Since its listing on the Nigerian Exchange, BUA Foods’ share price has surged by more than 400% in less than two years and is currently one of the most valuable companies in Nigeria.

Other Africans on Bloomberg’s Billionaires Index

There are seven African billionaires on Bloomberg’s list of the top 500 wealthiest people in the world.

Aliko Dangote from Nigeria leads as the wealthiest person in Africa, with a net worth estimated at $30.5 billion, and 73rd in the world.

Johann Rupert and family from South Africa are next on the African list, with a total wealth of $17.7 billion, ranking 146th in the world.

The Rupert family's wealth comes from luxury goods and investment in Richemont.

Another South African, Nicky Oppenheimer, is ranked 220th, with a net worth of $13.5 billion. He earned his fortune through a stake in De Beers, a diamond company.

Natie Kirsh from South Africa is ranked 346th with a fortune of $9.80 billion.

Egypt Naguib Sawiris and Nassef Sawiris are also on the list with wealth of $9.73 billion and $9.12 billion, ranked 351st and 382nd, respectively.

Finally, Abdul Samad Rabiu from Nigeria is ranked 395th with a net worth of $8.82 billion.