African billionaire rewards employees with $21 million.. and a private jet for himself!🤯📈📊

Naguib Sawiris surpasses in the "Bloomberg Billionaires Index"
The founder and chairman of the Nigerian "BUA" Group, Abdusamad Rabiu, distributed $20.7 million in cash to his outstanding employees, reaffirming his commitment to the workers in one of Africa's largest industrial conglomerates.
Nearly 1,800 employees benefited from the bonuses, which included top executives and frontline staff.
Rabiu revealed that these bonuses were paid out on Saturday, December 13, 2025, during the Long Service Awards ceremony hosted by "BUA Night of Excellence" at the Eko Suites Hotel on Victoria Island, Lagos, Nigeria, according to "Business Insider."
This annual event not only celebrates years of service but also highlights the daily contributions that sustain the group's operations.
Rabiu agreed to award prizes across various levels of the organization. Five employees received $691,000 each, another five received $345,000, while dozens of others received amounts ranging from $3,450 to $13,810, ensuring that bonuses included all employees, not just senior staff.
In total, 1,768 employees benefited. Additionally, the group's CEO, Kabiru Rabiu, received an undisclosed amount outside the mentioned categories.
Rabiu’s wealth increase confirms an exceptional year
This generous move comes after a remarkable year for Rabiu personally. At the beginning of 2025, his net worth was estimated at around $5.1 billion, making him the sixth-richest person in Africa, after Mike Adenuga and Naguib Sawiris.
By December 14, 2025, Forbes magazine, through its billionaire tracking system, estimated his wealth at $8.5 billion, an increase of $3.4 billion in just one year.
This rise enabled Rabiu to surpass both Adenuga and Sawiris, ranking fourth in Africa and 390th worldwide.
Prioritizing employee well-being
Earlier this year, Rabiu demonstrated his commitment to his employees by approving a 50% salary increase across the group.
This increase, which included both permanent and temporary staff, came amid rising inflation rates and economic pressures in Nigeria.
New private jet
Rabiu did not neglect himself, as he made headlines locally after gifting himself a Bombardier Global 8000 private jet, becoming the first African to own this ultra-long-range jet.
The aircraft, valued at $95 million and featuring customized interiors, indicates the ongoing expansion of Rabiu’s personal and business ventures, while maintaining a luxurious lifestyle.
His cement company, "BUA Cement," currently has an annual capacity of 17 million tons and achieved revenues of $5.9 billion during the first nine months of 2025.
Meanwhile, "BUA Foods," which includes a sugar refinery, oil and flour mills, and a food packaging plant, exceeded $989 million in revenue during the same period, driven by strategic investments and operational efficiency improvements.