Top Richest Kings in Nigeria 2024 You Did Not Know

Filed in Articles by on January 26, 2024

Top Richest Kings in Nigeria 2024, many of them fly under the radar. We’ll look at the top ten richest kings in Nigeria, including those you might not have heard of.

From traditional rulers to business moguls, these top Richest Kings in Nigeria 2024, have amassed a fortune that puts them at the top of the list. So get ready to discover a whole new world of wealth!

Top Richest Kings in Nigeria 2024

Top Richest Kings in Nigeria 2024

The following are the top Richest Kings in Nigeria 2024, along with their net worth, kingdoms, and cars, according to Forbes’ most current ranking:

1. Oba Obateru Akinruntan NeT Worth $300 MILLION

Oba Obateru Akinruntan NeT Worth $300 MILLION

Forbes lists Obateru Akinrutan as the country’s richest king. This traditional ruler, born in 1950, lords over the Ugbo Kingdom and its people. This town is in the Ilaje Local Government Area of Ondo State.

Oba Akinrutan, one of the country’s richest monarchs, invests in oil and gas, real estate, and other ventures.

This industrialist started Obat Oil early, today, this oil corporation operates more than 50 gas stations throughout Nigeria’s geopolitical zones.

In the estimation of Forbes, Oba Akinrutan’s net worth is believed to be $300 million, making him Africa’s second-richest king after Mohammed and Nigeria’s wealthiest.

The Monarch watch is estimated to cost $1 million, and he was the first black person to purchase a 2014 Bentley vehicle.

Obateru currently has several vehicles, but he drives a custom-built 2012 Rolls Royce identical to the regal Queen Elizabeth II vehicle.

Oba Obateru Akinrutan, the Olugbo of the Ugbo kingdom, has multiple costly cars. Nigeria’s richest king drives a Bentley Mulsanne worth over ₦100 million and a custom-built Rolls-Royce (2012 model). This car is said to be comparable to the Queen of England.

2. Sultan of Sokoto Net Worth $100 Million

Sultan of Sokoto Net Worth $100 Million

Sultan Muhammadu Sa’ad Abubakar IV is one of Nigeria’s wealthiest kings, as well as a first-rate traditional ruler who is revered and influential in the country’s northern regions. He is also regarded as the spiritual head of the Muslim population in the country today.

He has a lot of assets and investments, and he has held several prestigious positions in the country. The Sultan of Sokoto now serves as chairman of the Nigerian Council of Traditional Rulers and head of the Nigerian National Supreme Council for Islamic Affairs (NSCIA).

Just before becoming the 20th Sultan of Sokoto Caliphate, he was a Brigadier-General in the military. After Sultan Maccido died in 2006, he was chosen to succeed his forefathers on the throne.

Sultan Abubakar IV owns businesses and properties worth millions of naira. As a first-class king, he has numerous expensive and luxurious automobiles.

The best car in his collection is his 2017 Rolls-Royce. The financial value of his car is unknown, although auto publications estimate that this model is worth $9 million.

3. Emir of Kano Net Worth $80 Million

Emir of Kano Net Worth $80 Million

The former Emir of Kano’s net worth is believed to be $80 million, as he has several enterprises, properties, and financial investments that we are unaware of. Former Emir Lamido Sanusi Lamido is a popular monarch in Nigeria, with impressive economic achievements.

Before ascending to the throne as the 11th Fulani Emir of Kano, he was the previous governor of Nigeria’s Central Bank, whose policies ensured the country’s currency’s value and economic stability.

In 2011, Time magazine named the Emir one of the top 100 most important individuals in the world owing to his outspokenness on topics. Lamido Sanusi was also recognized in 2013 at the Global Islamic Finance Awards (GIFA) in Dubai for his efforts to promote Islamic banking in Nigeria.

According to the Emir, his annual remuneration from the federal government is N14 million. As previously indicated, he owns more holdings and interests, making him a wealthy traditional ruler.

He was dismissed by the Kano state government and replaced by His Royal Highness Bayero.

Although Sanusi may not be among the most influential northern rulers due to his deportation by the governor of Kano, he was regarded as the second most powerful Nigerian king during his reign.

In reality, he possesses the latest Rolls-Royce, a car designed for royalty. The Emir’s remuneration can reach ₦15 million, according to records.

4. Ooni of Ile-ife Net Worth $70 Million

Ooni of Ile-ife Net Worth $70 Million

Most experts believe that the most powerful ruler in Yoruba country is Oba Adeyeye Ogunwusi Eniitan, the reigning Ooni of Ife. This first-class Nigerian traditional king was born in 1974 and became Ooni of Ife in 2015, following the death of his predecessor.

Oba Adeyeye is one of the world’s most renowned rulers and a highly educated individual. He graduated with distinction in accounting from Ibadan Polytechnic, is a top member of the Institute of Chartered Accountants of Nigeria, and serves as Chancellor of the University of Nigeria.

The Ooni of Ife owns automobile fleets, and enterprises, and makes investments. He enjoys driving high-performance foreign autos.

He has several car models, including a 2011 Rolls-Royce Phantom, a Mercedes-Benz S550, and two pricey Bentleys. He is the first Nigerian king to pay an official visit to the Queen of England following his coronation.

5. Oba of Benin Net Worth $60 Million

Oba of Benin Net Worth $60 Million

The Oba of Benin is the traditional monarch of the ancient Benin kingdom and its Edo-speaking people. He is recognized as Nigeria’s most powerful king, with undeniable influence over national affairs.

The current 40th Oba of Benin is Ewuare II Eheneden Erediauwa. Born in 1953, Ewuare II assumed king and was anointed Oba of Benin on January 20, 2016.

He received much of his education in the United Kingdom and the United States. The Oba of Benin’s net worth is estimated at $60 million, with further investments and assets to his name.

6. Oba of Lagos Net Worth $40 Million

Oba of Lagos Net Worth $40 Million

Oba Rilwan Babatunde Osuolale Aremu Akiolu of Lagos is one of Nigeria’s richest kings, with a net worth estimated at $40 million. Before ascending to the throne, he earned a Bachelor of Laws degree from the University of Lagos.

He also spent 35 years in the Nigerian Police Force, rising to the rank of AIG, or Assistant Inspector General of Police, before retiring in 2002.

His palace is believed to be worth N2 billion, and the Oba of Lagos is a first-class traditional ruler and one of Africa’s most powerful kings.

7. Olu of Warri Net Worth $30 Million

Olu of Warri Net Worth $30 Million

Tsola Emiko, the reigning Olu of the Warri Kingdom, is one of Nigeria’s richest kings, earning $30 million. He succeeded his father, Ikenwoli Emiko, as king of the Itsekiri-speaking people. Currently, the Olu of Warri is the richest king in Delta state.

The Olu of Warri is one of the most powerful traditional rulers in Nigeria’s Niger-delta area, which is noted for its enormous crude oil and gas reserves.

8. Deign of Agbor Net Worth $10 Million

Deign of Agbor Net Worth $10 Million

Eze Benjamin Ikenchuku Keagborekuzi is the Dein of Agbor, sitting on the throne. He is the world’s youngest king to enter the Guinness Book of Records.

He became ruler at the age of two and has remained on the throne ever since. He is ranked last among Nigeria’s richest rulers.

When it comes to wealth, the kings of Nigeria are a force to be reckoned with. From traditional rulers to business moguls, they have it all.

And now you know about some of the richest kings in the country – some you may not have heard of before.

We hope you’ve enjoyed learning about these incredible men and the wealth they’ve amassed. Who knows, maybe one day you’ll be a rich king or queen too!

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