The Wealthiest Black Billionaires In The World

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Abdulsamad Rabiu ($1.6 billion)

Source: https://youthvillageng.com

Born and raised in Kano, Nigeria, Abdulsamad Rabiu founded the BUA International Limited, which imported rice, iron and steel, edible oil, and flour, but focused mainly on bringing in raw materials that they would process locally. His successful approach allowed the company to expand and become the BUA Group, establishing its footprint in the sugar industry with the third-largest sugar refinery in sub-Saharan Africa as well as the second-largest cement producer with his Obu Cement.