«Home

Who is the richest king in Nigeria

Discover how rich are the local tribal kinds in Nigeria.

Nigeria is very proud of its outstanding people. There are lots of celebs, actresses, and musicians, who have become really prominent. But what about Nigerian tribes? Are there any significant personalities there? There are, for sure! Find out, who are the richest kings in the country and their net worth from this article.

King Mohammed VI from Marocco.

Top African kings

There exists the ranking of the richest kings, found on African continent. Who are they? Let’s see:

  1. King Mohammed VI from Marocco. His main source of income is investment. He currently has $2 billion.
    Who is the richest king in Nigeria
     
  2. Oba Obateru Akinrutan. He takes the most of his money from oil. He is of Ugbo origin, Nigeria. His net worth totals $300 million.
    Oba Obateru Akinrutan.

     
  3. Oba Okunade Sijuwade. This is another Nigerian. He owns $75 million and gets money from construction, property, and oil.
    Oba Okunade Sijuwade
     
  4. King Mswati III. This man is from Swaziland. He is involved into investment activities and has more than $50 million net worth.
    King Mswati

    READ ALSO: Richest black women 2015 - 10 top
  5. Otumfuo Osei Tutu II. He is Ghanaian. To earn his $10 million, he has dealt with mining equipment, property, and jewelry.
    Who is the richest king in Nigeria

    Nigerian richest kings

Now, when we have observed all the wealthiest African personalities, we can pass on to Nigerian people. Let’s consider two richest kings from this country, who have been also mentioned in African ranking. They are:

Oba Obateru Akinrutan. His native state is Ondo. He lives in the Olugbo town of Ugbo Kingdom. It is a rich but small community. He is a traditional ruler of their land. His business started in 1981, when he founded a gas station to support his family and populated locality. Nowadays, this station has grown into a large private oil company, known as Obat Oil. It owns about 50 stations across the country. Besides, the reports say it has the biggest oil depot in whole Africa.

 Obateru Akinrutan

Oba Obateru Akinrutan became the king in 2009. Concerning his wealth, he was the first black man, who had purchased new version of Bentley car. Besides, he managed to do it even in 2012! While all the rest of the world had to wait until 2014. Along with this vehicle, he also owns a Rolls Royce (the same as Queen of England’s one). He also has several estate investments on the territory of the UK and Nigeria. Oba is an owner of Febson Hotel and mall in Abuja. As a businessman, he is interested in shipping, water purification, tourism, and production as well. According to Forbes, his net worth comprises more than $2 billion by now.

the richest king in Nigeria

Oba Okunade Sijuwade was born in 1930. He was from Osun state and became the Ooni (traditional ruler) of Ife in 1980. During his life, he was a prominent businessman. His first, established in 1964, company was called WAATECO. It dealt with importing of vehicles and their parts into Nigeria. A bit later, he began investment activity and built Motel Royal Hotel. Oba Okunade Sijuwade also founded Sijuwade Group – business conglomerate dealing with gas, oil, property development, and construction. His total net worth was comprised of $75 million. This outstanding and rich king died in summer of 2015.

There is no data concerning any other Nigerian kings, as their net worth and activities are unknown. However, there are lots of them in various tribes and villages. They have different origins, but they have reached success on their land.

Now you know more about Nigerian native wealthy men. They managed not only earn large amounts of money, but also to become the rulers, the real kings of their land. 

Avatar
Expert
3 comments

Nigeria wonderful country inhabited by wonderful people. Among these people are very rich and people with average incomes. Nigeria is a very famous people who have made a significant contribution to the history, development and culture of Nigeria. Nigeria is proud of such people.There is a rating of the richest people in Nigeria. Among them are kings. Nigeria is the best King King Mohammed VI from Marocco. King is the richest Oba Obateru Akinrutan. His income is based on oil. There are many kings and interesting to read about them.

Avatar
Student
Answered 11 months ago.

Oh, these Nigerian kings. Like in fairy tales, the talk about them. But the best of them? This issue is very complex. I think that the best of the best is impossible to choose. Each of these people love and respect. And it is very difficult to choose the best. So I choose the best actors or singers someone other. I was always interested in where these kings such fortune. Now I understand. But these fortunes and wealth was given to them is not easy. Yes, maybe I have some human envy, but with only the good side. We are all given something that we deserve.

Avatar
Student
Answered 11 months ago.

In Nigeria, a lot of rich people. Just a lot of celebrities, actresses, singers ... The richest man is the King Mohammed, he has a very large fortune. To become so wealthy man, you need to have a lot of power, which would make that kind of money in an honest way. I always dreamed of a beautiful life, and to be honest a little envy these people.But each person chooses how to live, because the hands and feet are at all, there is still a great need to mind for that kind of money. And it is not given to everyone.

Avatar
Newbie
Answered 11 months ago.
Your comment
Add image

By posting your comment, you agree to the privacy policy and terms of service.