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Top 10 Richest Kings In Nigeria


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Do you know the top richest kings in Nigeria? This article would reveal them to you and tell you more about them. So, shall we begin?

It is not a new thing that Nigeria is filled with billionaires and wealthy men. The country is blessed with resources and some people are good at managing it and making good money from it. Aside from that, the monarchy is a very predominant system of government in Nigeria, with kings and queens all over the country. So this article is going to be focused on the top richest kings in Nigeria.

10 Richest Kings In Nigeria

King Obateru Akinrutan – Olugbo of Ugbo

The first man on our list is the King of Ugbo Ondo state. He is considered the richest because he is also the owner of Obat petroleum, which is one of Nigeria’s largest oil depots. King Obateru Akinrutan was born in 1950 and ascended the throne of his forefathers in 2009 from his father, Sir Frederick. He is the fourth child of eight children and lost his father in 1964 when he was just 14 years of age.

Top 10 Richest Kings In Nigeria
Top 10 Richest Kings In Nigeria

Aside from being the king of Ugbo, Ondo state, he was also born and raised there. So, you can say he’s a true son of the land. More so, there was a prophecy that Obateru would be the king of Ugbo, but he didn’t take it seriously. But, now we can see that he still became king despite the dispute he had to face for the throne. In 1981, Obateru started Obat Oil, and today the company has well over 50 stations and a large tank farm that can store up to 65 million liters of petrol.

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Then in 2013, he appointed his son Prince Akinfemiwa Akinrutan to be the Managing Director. According to Forbes, Obateru is considered the richest king in Nigeria with a net worth of $300 million and the second richest king in Africa. Obateru’s garage is filled with cars worth millions of Naira, like his Bentley Mulsanne and Rolls Royce and he is also the first person to buy a Bentley in 2014. So, you can see why King Obateru is number one on our list.

Sa’adu Abubakar – Sultan Of Sokoto

This is another rich King on our list. Sa’adu Abubakar is the 20th Sultan of Sokoto and he took over after the demise of the 19th Sultan, Sultan Miccado. He ascended the throne in 2006 and since then he has been doing his best when it comes to monarchial governance. He was born on the 26th of August 1956.

Since, he is the Sultan of Sokoto, he is considered a spiritual leader for the Muslims in Nigeria. Also, he was the youngest heir of the Sultan Sir Siddiq Abubakar III and he also served in the Nigerian Military. Where he retired as a Brigadier General. Sa’adu Abubakar has an estimated net worth of  100 million dollars and definitely, he has cars that showcase royalty. He can boast of a Rolls Royce, Phantom, and many more.

Lamido Sanusi Lamido – Emir of Kano

This man’s name rings a bell in the banking sector because he was once the Governor of the Central Bank of Nigeria. Though, he’s currently the Emir of Kano. He was born on the 32 of July 1967 and ascended the Emir throne on the 8th of July 2014 after the painful demise of his grand uncle Ado Bayero.

Lamido Sanusi was born into a family filled with royalty and educated people.  His father served as the Nigerian Ambassador to Belgium, Canada, and China. At home, Lamido was educated about Islam, but he still went to St Anne’s School to acquire primary education before gaining admission into king’s college. Also, he went on to study economics at Ahmadu Bello University, then he went on to acquire a Master’s degree at the same university.

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Lamido’s banking career began when he was employed by Icons limited as a merchant banker before becoming the head of financial services. With his hard work and dedication, Lamido Sanusi grew from a merchant banker to the Governor of the central bank. The former governor of the CBN and current Emir of Kano has a net worth of 80 million dollars.

When it comes to cars he has many to brag about. Lamido Sanusi acquired a car worth millions and this raised controversy amongst people because the money was really expensive.  Aside from that, he also has a Roll Royce Phantom worth millions and another Rolls Royce inherited for being the Sultan. Lamido Sanusi always has investments worth millions of dollars and he’s also on a salary payment of 14 million Naira every year. Now, you see why he’s on the list of richest kings in Nigeria.

Oba Adeyeye Ogunwusi Eniitan- Ooni Of Ife


There is no possible way, that our list of the richest kings in Nigeria will be complete without adding the Ooni of Ile-Ife. He’s a good leader and also the chancellor of the University of Nigeria Nsukka. He was born on the 17th of October 1974. He attended the Subuola Memorial Primary School, went to Loyola College, then acquired his degree in Accounting from the Polytechnic of Ibadan.

He is also a successful real estate businessman and a member of the Chartered Institute of Accountants. Oba Adeyeye has an estimated net worth of $70 million and he has cars that showcase his enormous wealth. Also, he’s a proud owner of a Bentley, Roll Royce, Mercedes Benz G550, and more. Ooni of Ife is a leader with wealth.

Oba Ewuare II Ogidigan – Oba of Benin

The Oba of Benin is another wealthy monarch in Nigeria. He is an authority when it comes to the affairs of Benin and nothing happens in Benin city without his consent. Recently, he called for peace among the various interested parties, before the just concluded Benin election.

Oba Ewuare, was born on the 20th of October 1953 and ascended the Oba throne on the 26th of October 2016. Oba of Benin has a net worth of 60 million dollars and he’s blessed with cars like Roll Royce 2016 and others. His Roll Royce is worth about 150 million Naira.

Nnaemeka Alfred Ugochukwu Achebe – Obi of Onitsha

Nnaemeka Alfred Ugochukwu Achebe is the Obi of Onitsha and blessed with a robust bank account. In fact, before becoming the Obi of Onitsha, he was the Chancellor of Ahmed Bello University and the Director of Shell petroleum, which means he has been making money before he claimed the throne.

Top 10 Richest Kings In Nigeria
Top 10 Richest Kings In Nigeria

So, you can see that the man has been rolling in money before he became the Obi. He was born on the 14th of May 1941 and the 21st Obi of Onitsha.  Approximately, he has a net worth of $50 million. He also has a Roll Royce parked in his garage and this car is what N100 million Naira.

Oba Lamidi Adeyemi – Alaafin of Oyo

Oba Lamidi Adeyemi is a well-respected monarch in Oyo state. Before he could become the Alaafin of Oyo state, he should be blessed with wealth. Also, he is considered to be the most influential king amongst the Yoruba people. He’s blessed with a robust wealth of about $40 million. He was born on the 15th of October 1938 attended St. Gregory College. The man has SUVs, Land cruisers, and other fleets of cars worth millions of Naira.

Oba Babatunde Aremu Akiolu – Oba Of Lagos

The Oba of Lagos is among the richest kings in Nigeria. He has a decent reputation amongst the yoruba people.  He’s the Oba of Lagos the mega city for crying out loud. He’s well known amongst governors, politicians, and other top businessmen. He was born on the 29th  of October 1943 and ascended the throne on the 9th of August 2003. We can say the Oba of Lagos is blessed with a net worth of $40 million and served formerly as the AIG in the Nigerian Police Force.

Godfrey Emiko – Olu Of Warri

This is another monarch from the Warri side in Delta state. The man is well respected and exercises his power within Warri. Aside from being a monarch, the man is in charge of controlling the gas and oil resources within Warri his domain. Olu of  Warri can brag of a net worth of $30 million. He has cars like SUVs and other luxurious vehicles parked in his garage.

Benjamin Ikenchuku Keagborekuzi I – Dein Of Agbor

Finally, the man that ends our list for the richest kings in Nigeria is Benjamin Ikenchuku Keagborekuzi I,  another monarch in Delta state. He’s respected and has strong followers and council. The interesting part is that Benjamin Ikenchuku Keagborekuzi I was crowned king when he was just 2 years and 4 months after his father’s death.

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He was born in July 1977 and he’s also the Chancellor of the University of Ilorin. The man is also a Guinness book record holder for becoming the youngest monarch and also the youngest chancellor of the University of Ilorin. He can boast of a net worth of $10 million and several cars worth millions of Naira.

Now that you know the top 10 richest kings in Nigeria, what do think? Please, kindly drop your views in the commentary section.

Source: Naija Online Guide

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