BUA Chairman Abdul Samad Rabiu tops Africa’s wealth gains in 2026 Forbes Rankings as fortune jumps 120% to $11.2 billion

Billionaire Industrialist, Philanthropist, and Chairman of BUA Group, Abdul Samad Rabiu, has emerged arsenic Africa’s biggest wealthiness gainer successful the 2026 Africa’s Richest People ranking published by Forbes, aft his nett worthy roseate sharply implicit the past year.

According to the latest Forbes list, Rabiu’s wealthiness surged 120 percent to $11.2 billion, representing the largest summation recorded among the continent’s billionaires successful the latest ranking. The leap moves Rabiu, who is Nigerian, to 3rd spot among Africa’s richest individuals, up from sixth presumption a twelvemonth ago.

The emergence successful Rabiu’s luck was driven mostly by the beardown show of BUA Cement, his flagship publically listed company, whose shares surged by 135 percent implicit the past year. The rally importantly outpaced gains successful the broader Nigerian Exchange, which has itself recorded beardown maturation amid improving capitalist confidence.

Forbes estimates Rabiu’s nett worthy astatine $11.2 billion, placing him down luxury goods tycoon Johann Rupert, whose luck is estimated astatine $16.1 billion, and Africa’s richest antheral Aliko Dangote, who retains the apical presumption with an estimated $28.5 billion.

Rabiu’s emergence underscores the increasing power of Nige...