Abdulsamad Rabiu Richer Than Aliko Dangote – Africa’s Richest Billionaire Emerges

abdulsamad rabiu aliko dangote

Nov 7, 2013 – Africa’s Newest Billionaire, Abdulsamad Rabiu Richer Than Aliko Dangote

Abdulsamad Rabiu Richer Than Aliko Dangote – Africa’s Richest Billionaire Emerges

Highly celebrated Nigerian businessman, Alhaji Aliko Dangote is about to lose his position to another wealthy Nigerian business tycoon.

The man in question is Abdulsamad Rabiu, a 53-year-old Nigerian businessman who followed his dad’s footsteps by venturing into importing business.

Rabiu started importing commodities like rice, Sugar and cement, etc in the early 80s and today he is the founder of BUA Group, a company that makes $1.9 billion yearly in revenues.

BUA also specializes in Sugar refinery, flour mills production and vegetable oil processing.

Rabiu’s company also operates the BUA Cement I, a 200-meter long vessel designed for heavy loads. It is Nigeria’s first floating terminal. He is already touted to unseat Aliko Dangote, the current Africa’s richest man.

According to a recent report by Forbes Africa, Rabiu has assets and business interests that is about to make him Africa’s richest man.

In addition to 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. Rabiu jets around the world on an eight-seater Gulfstream G550 worth $44.9 million, powered by a Rolls-Royce BR710 turbofan engine, as well as an $18-million Legacy 600 aircraft.“

Hmmm it’s time for Aliko Dangote to sit tight because Abdulsamad Rabiu is about to overtake him.

Believe it or not many silent billionaires still exist in Nigeria today. It’s a land flowing with milk and honey for people who have the strength to start small.

25 thoughts on “Abdulsamad Rabiu Richer Than Aliko Dangote – Africa’s Richest Billionaire Emerges

  1. As rich as they are, none of them is helping d poor. People from other continent like Oprah, bono, jovi, Madonna, jolie and many more are doing charity in Africa. But d rich in africa would rather see the poor die than help. Beloved, if there’s anything you can do to help others, either big or small lets do it on time. Helping people on time also add more value to what u r helping them with. And as u do good to others, may d goodness of our God be with you all.

    • U aint talkn, friend. U chek out d thousands of ppl in dis man’s payroll. I dnt knw wat else u want him 2 do 4 d poor. Or do u want him 2 change d world?

      • @Nyetu if u don’t know what to write u beta back off! U really need to tour around the world and see how pple r moving 4ward. I’ve lived in the US and so many countries in Europe, where d able body r employed by d government to help d disabled. Employing pple doesn’t mean u r helping them, remember the employees are also working very hard 4 their money. Dangote alone can build schools and hospitals where pple can be educated and treated at a very low cost. Can even decrease d price of his product and make it affordable for all. D Albrecht brothers r none as d richest pple in Germany, and owner of d popular S.mkt Aldi. There are more than 15 of this mkt in each state in Germany, and also none as d best S.mkt, bcos of it good product. Yet, d owner kip maintaining a very low…. price, and making it affordable to all. Its another way of helping the people, and dat doesn’t stop them from been d richest. There r many ways to show kindness.

        • Telling me back off if I dnt knw wat 2say! Well, I’v com 2knw dat ppl who talk like dis r d least in4md. I neva askd u 2 giv me ur dossier & all d places u’d been. U may hav travld d whol world. How about d world going through u? No, it will neva hapn. Dat’s y u talk as if u’r certain Dangote dznt do any humanitarian work. Dat’s y u say ‘back off’ so easily. I hop u hav more words in ur vocab!

  2. Why northerners? that is why Abacha and his brother IBB crippled Great Ogboru because they know his level of speed, Rabiu nko Abdul ni.

  3. Dangote is operating and pushing within 20 million dollars. Den how much worth d man? Dis is what i want to here.

  4. IF THEY WANT TO DO COMPETITION , LET THEM USE THEIR MONEY TO SET UP SOCIAL SERVICE FOR PEOPLE WHO NEED HELP , AND BUILD TEN MILLION LOW COST HOUSING AND ALL THE ELECTRICITY RESTORE BACK , NO MORE BLACK OUT.

  5. It is a dynamic world..nothing is permanent! It is not how far you have gone but who did you work with that would testify….dangote has affected lives in this country positively, so what has he done? He can only prove it by giving account of how many nigerians who benefits from his wealth….charity begins at home pls.

  6. rubish. all these nothern and western billonaires are our oil money from south south and south east. the world knows about this. history will change.

  7. Dangote is doing not to d sociaty, he is greed nd weaked, making sure He deniles every nigerians their means of geting morney,importation of rice dangote, surga dangote,cement dangote,even pure water Dangote. The man is weaked. He shuold allow other to make there own morney as well,come to take of his Employees he pay them list of the salary in this conutry,he is not paying Well.just coussing accident here nd there.

  8. Please folks, do not follow the headlines. Dangote has presence in many African countries his net worth cannot be disputed while Rabiu net worth last year was around 600 million dollars. On the issue of helping the poor, Dangote is really trying his best for the people creating tens of thousands of jobs . Nigerians need jobs not welfare . In fact, if other rich folks could follow his steps, then our country is going to be a lovely place.

  9. Some of the rich people are helping the poor omi lo po ju oka lo o and by the way wat are d so called government doing?

  10. if not bad government in Nigeria that is cursing the youth to migrate from there country to another, what is in India that they are saying no to Nigerians? India is a hungry country.

  11. I bliv we still av some silence millionairas and billionairas in Nigeria. Bt I urge u these billionairas 2 kindly pls come 2 d rescue of d poor who are greatly in need of dis monies.

  12. Passing through smelling the savour smell of incense and viewing of beuatiful images of yartha trying to recover what belongs to me Sir if you dont mind STOP_sign.jpg

  13. Just passing through smelling the savour smell of the incense and viewing the beautiful images of yartha and trying to recover/pickup what belongs to me Sir. STOP_sign.jpg

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