Nigerian billionaire Abdul Samad Rabiu is taking his place among Africa’s elite yacht owners with a brand-new 60-meter superyacht from renowned Italian shipbuilder Baglietto.
This luxurious vessel is a testament to Rabiu’s success as the founder and chairman of BUA Group, a conglomerate with interests in manufacturing, infrastructure, and agriculture .
The yacht, part of Baglietto’s upper-tier offerings, is designed for long-range cruising with charter-level amenities.
It’s expected to be a symbol of Rabiu’s status and a functional asset for family travel, corporate hosting, and leisure.
With a build period spanning multiple years, this project showcases Rabiu’s commitment to excellence and his ability to translate business success into high-profile personal assets.
Rabiu’s BUA Group has a diverse portfolio, including cement, sugar, flour, and infrastructure interests.
He’s also a philanthropist, using the BUA Foundation to support initiatives like the construction of a pediatric ward at Aminu Kano Teaching Hospital and the Centre for Islamic Studies at Bayero University Kano.
As one of Africa’s wealthiest individuals, Rabiu’s net worth is estimated at $11.3 billion, making him the continent’s fourth-richest person.
His business empire continues to grow, with recent partnerships aimed at boosting regional food security and industrial capacity.
