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Top 10 Richest Kings in Nigeria

Top 10 Richest Kings in Nigeria

Have you ever wondered how many kings are there is a culturally diverse nation such as Nigeria?  Would you like to know who the richest King in Nigeria? In this article, we’ll be looking at the wealthiest kings, and traditional rulers found in the country.

Being a vast and diverse nation, Nigeria operates a presidential system on government built on the principles of democracy and sovereignty. Despite the presence of an elected government official, Nigeria still pays attention to traditional rulers and groups which are found throughout the country.

Top 10 Richest Kings In Nigeria

Nigeria has some of the wealthiest traditional rulers in the world. As leaders, they don’t just control money, they also have a kingdom to rule, and are seen as role models, teachers, and servants to upcoming generations.

But their roles in the society doesn’t stop them from living a flashy lifestyle. All 10 men listed in this article are influential and dignified persons, who have large bank accounts, flashy cars, and live the life of a star in humongous mansions. These are by far the richest kings in Nigeria.

1. The Olugbo of Ugbo – Oba Obateru Akinrutan [$300 Million]

Top 10 Richest Kings in Nigeria 1

Oba Obateru Akinruntan is the king of the Ugbo kingdom, located in the Ilaje local government area, Ondo state.  He is not just royalty but one of the richest men in Africa. Oba Obateru Akinruntan IS UNDOUBTEDLY THE RICHEST KING IN NIGERIA.

Born in 1950, he is the Oba of the Ugbo Kingdom. Oba Obateru Akinruntan was quoted by Forbes as the second richest king in Africa, and the wealthiest monarchs in Nigeria with a staggering net worth of  $300 million.

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Oba Obateru Akinruntan is the founder and CEO of Obat Petroleum. Never heard of it? Obat Petroleum is one of the biggest private oil trading companies in Africa, it controls some of the largest oil depots and has a significant say in the Nigerian oil & gas sector.

Wizkid Paying Respect To Oba Elugushi

According to data from Wikipedia, Obat Oil owns some of the biggest oil tanks farms and storage in Africa. Their facility can hold over 90 million gallons of crude oil and other petroleum products.

Oba Obateru Akinruntan is one of the few Nigerian monarchs that didn’t acquire his wealth from being a Monarch but by sheer entrepreneur efforts. He mainly deals with oil and gas but has other investments in real estate, pharmaceuticals, and agriculture.

Oba Obateru Akinrutan Assets – Oba Obateru Akinruntan owns a 2014 Bentley Mulsanne worth over N123 million, a custom-built Rolls-Royce that is similar to those owned by the Queen II of England, and a custom made Italian wristwatch valued for $1 million.

2. The Sultan of Sokoto – Sa’adu Abubakar [$104 Million]

Top 10 Richest Kings in Nigeria

Here’s another rich and popular king that stands as one of the wealthiest monarchs in Nigeria. It’s the Sultan of Sokoto. The portfolio containing the names & details of richest kings in Nigeria will not be complete without the name Sa’adu Abubakar. This first-class monarch serves stands as a father and leader to over 70 million Muslims in Nigeria.

Sultan Abubakar the IV is the 20th Sultan of the Sokoto Caliphate. He took the throne in 2006 when his predecessor, Sultan Miccado, the 19th Sultan of Sokoto, kicked the bucket earlier that year.

Sultan Abubakar also possesses military experience. He had to retire as a Brigadier General, so before he would be seen as a monarch. Before he retired, he served as Nigeria’s Defence Attaché to Pakistan from 2003-2006, chief security officer to one of the most potent military rulers in Nigeria, General Ibrahim Babangida, and also when on other tours and military operation.

Being the most powerful ruler in the north, he is one of the most influential men in Nigeria, ranks one of the richest in West Africa, and a significant player in Nigerian politics. Abubakar is the co-chairman of the Nigerian Council of Traditional Rulers.

Sultan Abubakar is also the titular head of JNI (Jama’atu Nasril Islam, a religious group created to support the spread of Islam), and the president-general of NSCIA (the Nigerian Supreme Council for Islamic Affairs).

The Sultan of Sokoto’s throne is located in the Sokoto Caliphate, this allocates more than enough power to one man because he is seen as Allah’s representative on Earth. So, whatever he says goes as far as the Muslim community in Nigeria is concerned.

Simply stated, Sultan Abubakar IV is the spiritual head and sovereign leader of the Islamic religious group in Nigeria. Remember, Nigeria is registered as an Islamic state. This fact alone probably makes Sa’adu Abubakar one of the most powerful men in Nigeria. 

Sultan Abubakar IV Assets – Sa’adu Abubakar owns a remarkable 2017 executive Rolls-Royce Phantom.

3. The Former Emir of Kano – Lamido Sanusi Lamido [$80 Million ~ ₦30 Billion]

Richest Kings in Nigeria

The former Emir of Kano and ex-governor of the Central Bank of Nigeria was also one of the wealthiest monarchs in Nigeria before he was ousted from power around March 2020. Sanusi has been described by Time magazine as one of the most influential people in West Africa.

Lamido Sanusi Lamido is an established business mogul, the Emir’s, and entrepreneur whose net worth currently stands at $80 million. Sitting as an Emir of the Kano emirates, he majestically sits as one of the richest Kings in Nigeria. The Kano Emirate is a Muslim state in Northern Nigeria created in 1805 by Usman Dan Fodio during the Hausa-Fulani war.

Before he was appointed Emir, Sanusi was a banker and the former governor of the Central Bank of Nigeria [June 2009 – February 2014]. He was suspended after the accusation of a $20 billion NNPC fraud by the Federal Government of Nigeria.

In 2019, Lamido Sanusi Lamido purchased the latest 2019 Rolls-Royce Phantom VII worth over N85 million. This extravagant purchase got him into trouble after the picture of the car went viral. A lot of Nigerians felt that the particular vehicle was too luxurious and expensive for a Nigerian to buy. 

Emir Sanusi also has an annual salary of N14 Million [Over 1.3 million Naira every month]. Emir Sanusi also owns a car fleet worth over 400 million Naira. As the Emir of Kano and the second most powerful Monarch in the Northern parts of Nigeria, Emir Sanusi is one of the most influential people in Nigeria and close friends with the Governor of Kano, Yola, and Kaduna.

Lamido Sanusi Lamido Assets – Emir Sanusi owns about three Rolls Royce cars. One of them is a classic vintage Rolls-Royce edition worth over $900,000. Sanusi also rides a 1952 Rolls Royce Silver Wraith ALW 11. This is his royal heritage. He rode this particular whip to welcome Price Charles when he visited Nigeria in 2018.

That aside, he also eats oil money. Emir Lamido Sanusi Lamido is paid 14 million Naira every year from the Federal Government of Nigeria.

4. The Ooni Of Ife – Oba Adeyeye Ogunwusi Eniitan [$70 Million]

Top 10 Richest Kings in Nigeria

Oba Adeyeye (Ojaja II) is one of the most popular men in the western parts of Nigeria. He is not just a famous person, he is one of the most respected figures in the country, a successful businessman, agriculturist, and one of the richest kings in Nigeria.

The Ooni Of Ife possesses a lot of power & authority not just in the Yoruba land, but also in African politics. Oba Adeyeye Ogunwusi Eniitan is not only a successful monarch, but he is also a renowned investor, real estate, mogul, businessman, agriculturist, and the chancellor of the University of Nigeria, Nsukka. He holds multiple degrees but stands out in Accountancy. Oba Adeyeye is also an Associate Accounting Technician.

With a total net worth estimated to be worth $70 Million. Crowned as the Ooni of Ife in 2015, he confidently stands as the 4th richest king in Nigeria. You don’t need to walk into his mansion or palace before you know that Oba Adeyeye Ogunwusi Eniitan is swimming in Yoruba wealth.

Oba Adeyeye Ogunwusi Eniitan Assets – Aside from an extravagant castle, 4 mansions, a royal palace, 400-acre land, and a fleet of about 43 cars [personal & guard] all totaling up to be worth 400 Million Naira.

The king of the Ife kingdom is definitely the most powerful man in the Western parts of Nigeria. Amongst his many cars, two caught our attention. A 2011 model Rolls-Royce Phantom N140 Million, two 2018 Bentleys Royale, 3 G wagon, and a Mercedes Benz S550 2019 model.

5. The Oba of Benin – Oba Ewuare II Ogidigan – [$60 Million]

Top 10 Richest Kings in Nigeria

Oba Ewuare II Ogidigan proudly sits as one of the richest monarchs in Nigeria. His throne is based in Benin Kingdon. He is by far the most popular king in Nigeria. This particular kingdom is ancient and over 400 years old [One of the oldest civilizations in Africa]. Oba Ewuare II Ogidigan as the ruler and custodian of the Edo people, has a total net worth of over $60 million.

Crowned as Oba of the Benin Kingdom in 2016, Oba Ewuare is the 40th Oba of Benin. He is not just the king and supreme ruler of the Edo people and cultural group, He was Nigeria’s High Commissioner to the United Nations from 1981-1982, and Nigeria’s ambassador to Sweden, Angola, and Italy.

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Oba Ewuare II Ogidigan wields unbelievable power and influence. As the 40th Oba of Benin, he is also a very educated man, a scholar, if I might add. Oba Ewuare graduated from the Department of Economics, the University of Wales. He also went further to obtain a Master’s degree in Public Administration from the renowned Rutgers University Graduate School, New Jersey, USA.

Oba Ewuare II Ogidigan Assets – Oba Ewuare II Ogidigan also ranks another Nigerian monarch that rides a Rolls Royce. Oba Ewuare has one of the most executive Rolls Royce cars in Nigeria. He owns a 2016 model Rolls-Royce Phantom 2016 worth close to N200 million, with his name embedded in the license plate.

6.  The Obi of Onitsha – Nnaemeka Alfred Ugochukwu Achebe [$50 Million]

Top 10 Richest Kings in Nigeria 2

Coming in at #6 is one of the most powerful monarchs in Nigeria. The Obi of Onitsha, Eze Nnaemeka Alfred Ugochukwu Achebe, is a remarkable monarch based in the Southeastern part of Nigeria. His power and dignity are unmatched in the Igbo land.

Ranking as one of the richest kings in Nigeria is the Obi of Onitsha,  Nnaemeka Alfred Ugochukwu Achebe. He is worth over $50 million, drives a  2016 Rolls-Royce, lives in a grand palace, and respected by beautiful people.

The Obi of Onitsha is not crowned king of one of the biggest cities in the Igbo land. He is still the Chairman of UNILEVER, the manufacture of popular beverages and products such as Lipton label tea, Vaseline, Lux soap, Lifebuoy, Close up, Pepsodent… Nnaemeka Alfred is the chancellor of Ahmadu Bello University, Zaria, and executive director of Shell petroleum.

Nnaemeka Alfred Assets – Nnaemeka Alfred owns a 2016 Rolls Royce Phantom that is worth over N150 Million. He also resides in a palace that will leave your jaws agape.

7. Alaafin of Oyo – Oba Lamidi Adeyemi [$40 Million]

Top 10 Richest Kings in Nigeria

Oba Lamidi Adeyemi is another rich and powerful monarch that sits on his throne as one of the richest kings in Nigeria. He is a traditional ruler with his kingdom based in the Oyo state of Nigeria. The Alaafin of Oyo has a net worth of over $40 million, making him sit majestically as the second most significant king in Yoruba land.

The Alaafin of Oyo believes in the African tradition. He is married to three wives, he is such a majestic and necessary ruler. He is so grand that he is seen as one of the most influential men in Nigeria, and his palace is so fancy that it is considered a historical monument.

Oba Lamidi Adeyemi Assets – Oba Lamidi Adeyemi is a big fan of cars, especially big ones. He owns over 36 SUVs cars from different Japanese brands. One of the grandest in his collection is a Lexus GX 470, an armored Toyota Land Cruiser, Toyota Prado, and a stretched hummer limousine.

8. The Oba of Lagos – Oba Babatunde Aremu Akiolu [$40 Million]

Top 10 Richest Kings in Nigeria

Oba Babatunde Aremu Akiolu is also one of the wealthiest kings in Nigeria. He is not just one of the richest kings in Nigeria but also properly educated. He went to the University of Lagos, bagged an LL.B. degree, and served in the Nigerian Police Force for 32 years.

Based in Lagos, the financial capital city of Nigeria and one of the most affluent cities in Africa, it is no surprise that its king had his name on it. Aremu is definitely one of the richest kings in Nigeria. The Oba of Lagos is so rich that his palace alone is worth over 2 billion Naira. He has a net worth and has been estimated to be worth over $40 million.

Oba Babatunde Aremu Akiolu Assets – Being the Assistant Inspector General of the Nigerian Police Force, he was awarded a Mercedes-Benz S550 worth over N25 million. He also renovated the Iga Idunganran [his palace], making it worth over N2 billion.

9. The Olu of Warri – Godfrey Emiko [$30 Million]

Top 10 Richest Kings in Nigeria

Godfrey Emiko was crowned the Olu of Warri on the 13th of December of 2015. Since then, he has built up his arsenal to become one of the richest kings in Nigeria. With a net worth estimated to be around $30 million, he sits as the 9th richest king in Nigeria.

Olu’s kingdom is based in the Niger Delta region, which means he is surrounded by a substantial crude oil deposit, and he is king to the Itsekiri people, one of the most renowned cultural group in Delta State. This traditional ruler controls the oil-rich parts of his kingdom.

This may be why he rose to wealth in such a short time. Godfrey Emiko is indeed a very wealthy man, but unlike other wealthy people, he does not flaunt his wealth on Instagram. He spends most of his time caring for his people

10. The Dein of Agbor – Benjamin Ikenchuku Keagborekuzi I [$10 Million]

Top 10 Richest Kings in Nigeria

Benjamin Ikenchuku Keagborekuzi I ceremonially sits as one of the wealthiest monarchs in Nigeria. He is the crowned king of the Agbor kingdom in Delta State. He also sits in an oil-rich land filled with hard-working and industrious people.

He is also a Guinness world record breaker. Ikenchuku Keagborekuzi had his name embedded in the Guinness Book of world record before he was three years old as the youngest king in the world.  Benjamin inherited his father’s kingdom and was crowned when he was only two years and four months early after the death of this father.

Benjamin did not sit on the throne right away, he had to learn. He went to England to obtain a degree to become the Chancellor of African Union University Cotonou, Benin Republic, and the University of Ilorin [also making him the youngest chancellor of UNILORIN].

If you ask me, I think Benjamin is an exceptional king. One of his most iconic assets is his Mercedes Benz S550 Maybach worth N45 million.

About Nwawulu Kyz

Nwawulu Kyz Ebuka is a Political Science Student of the renowned Nnamdi Azikiwe University, Awka. He is the Co-founder of InformationNgr. Kyz is an awesome tech enthusiast & reviewer, computer programmer, video editor, chef and content writer. You can reach him at Nwawulukyz@gmail.com

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