With a combined net worth of $67.9 billion, here are the top 8 richest African families and how they built their wealth

Ben Ebuka January 18, 2023
With a combined net worth of $67.9 billion, here are the top 8 richest African families and how they built their wealth
Adulsamad Rabiu — Photo via premiumtimesng.com

Rabiu Family (Nigeria)

Net Worth: $7.6 Billion

The family is amassing wealth through its stake in BUA Group – a conglomerate with interests in cement production, sugar refining, and real estate. Abdulsamad Rabiu is the Founder and Chairman of BUA Group. BUA Cement is traded on the Nigerian Stock Market, and Adulsamad Rabiu owns a 98.5% stake in the business. Rabiu began his business journey in 1988 by importing chemicals, iron, and steel. He is the 5th richest person in Africa and 350 in the world.

Last Edited by:Mildred Europa Taylor Updated: January 18, 2023

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