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In Nigeria, the monarchy system is still highly regarded as many kingdoms bow to hail their kings. Kings accumulate lots of wealth in Nigeria, and that is why we want to look at the seven richest kings in Nigeria.
As the head of the Kingdom, kings in Nigeria must ensure that they live an exemplary life and also see to it that the image they portray represents the people they lead, the culture, and their motherland.
Below are the top seven richest kings in Nigeria as well as their net worth.
Obateru Akinrutan
The number one richest king in Nigeria is Oba Obateru Akinrutan, the Olugbo of Ugbo in the Yoruba kindgom.
Oba Obateru Akinruntan is the head and traditional ruler of Ugbo in the Ondo state. Asides from his role as a traditional ruler, Oba Akinruntan is also a business mogul. He is the owner of Obat Petroleum, one of the largest private oil trading companies in Nigeria.
The Olugbo of Ugbo kingdom whom we rate as the richest king in Nigeria has an estimated net worth of 300 million dollars (N117 billion). This gives him the first position on the list of the top seven richest kings in Nigeria.
Sa'adu Abubakar
Sa'adu Abubakar, the Sultan of Sokoto, is the second richest king in Nigeria.
The Sultan of Sokoto is among the richest kings in Nigeria and also among the richest in Africa. In fact, he is the most powerful ruler in the northern part of Nigeria.
He is also the co-chairman of the Nigerian Council of Traditional Rulers and the 20th Sultan of Sokoto. He ascended the throne in 2016 following the death of his predecessor, Sultan Miccado.
The Sultan of Sokoto's net worth is estimated at 100 million USD (N39 billion). This ranks him high in this list of the top seven richest kings in Nigeria.
Adeyeye Ogunwusi Enitan
Oba Adeyeye Ogunwusi Enitan, the Ooni of Ife, is the fourth richest king in Nigeria. He is a very influential king in Yoruba land.
Asides from the authority and power he holds, the Ooni is also rated one of the most respected rulers in the world.
Oba Adeyeye Ogunwusi Enitan is also the Chancellor of the University of Nigeria Nsukka and a businessman in the real estate industry.
He is said to be worth about 70 million USD (N27.3 billion), putting him on the list of the top seven richest kings in Nigeria.
Ewuare II Ogidigan
Oba Ewuare II Ogidigan is the traditional ruler of the Benin Kingdom and the fourth richest king in Nigeria. He wields an enormous deal of power, authority, and influence.
The Oba of Benin is also Nigeria's ambassador to some foreign nations. He lives in a beautiful palace built to the standard of a world-class monarch. He is the 40th Oba of the Benin Kingdom.
Oba Ewuare II Ogidigan is one of the top seven richest kings in Nigeria as his net worth amounts to about 60 million USD (N23.5 billion).
Nnaemeka Alfred
Nnaemeka Alfred Ugochukwu Achebe is the Obi of Onitsha and is recorded as the fifth richest king in Nigeria. He is undoubtedly one of the most prominent monarchs from the eastern part of Nigeria.
This monarch has made a name for himself not only in the royalty world but also in the business world. He was once the Chancellor of Ahmadu Bello University, Zaria, and also served as executive director at Shell Petroleum Development Company.
The Obi of Onitsha, who is one of the top seven richest kings in Nigeria, is worth about 50 million USD (N19.5 billion).
Lamidi Adeyemi
Oba Lamidi Adeyemi is the seventh richest king in Nigeria. Oba Lamidi Adeyemi is the Alaafin and traditional ruler of Oyo State. In the Yoruba land, he is ranked as the second most influential king.
The Alaafin, who is also known for his many beautiful wives, lives a flamboyant lifestyle. The Alaafin's palace has over 200 buildings and has been deemed a historical monument by both foreign and local experts.
Oba Lamidi Adeyemi's net worth is placed at about 40 million USD (N15.6 billion). This places him on the list of the top seven richest kings in Nigeria.
Babatunde Aremu Akiolu
Oba Babatunde Aremu Akiolu is the eight richest king in Nigeria. He is the Oba of Lagos and one of the traditional rulers in Nigeria who cannot be overlooked.
The wealthy king bagged his LL.B. degree from the University of Lagos and also served in the Nigerian Police Force for 32 years before his ascension to the throne.
The palace of the Oba of Lagos alone is worth as much as 2 billion naira. The king himself has many assets in his possession.
Oba Babatunde Aremu Akiolu's net worth is estimated at 40 million USD (N15.6 billion).
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