Nigeria is the most populous nation in Africa, and it has some of the richest kings on the continent. These kings lead large kingdoms and have much power and influence in cultural and economic matters.
They get their money from different places like investments, things they inherit, and businesses they’re involved in.
In this article, we’ll look at the lives of the 10 wealthiest kings in Nigeria. We’ll see where their money comes from, how much they’re worth, and how much influence they have in their communities.
Oba Obateru Akinrutan
Oba Obateru Akinrutan serves as the Olugbo of Ugbo, holding the esteemed position of the Paramount King of Ugbo Kingdom in the Ilaje local government area of Ondo State, situated in southwestern Nigeria.
Notably, Oba Obateru Akinrutan is not only the wealthiest king in Yoruba land but also claims the title of the richest king in all of Nigeria. His wealth stems from a diverse portfolio of investments. In 1981, he established Obat Oil, which has grown to encompass over 50 gas stations spread across Nigeria’s six geopolitical zones. Furthermore, his company boasts one of Africa’s largest tank farms, a modern facility capable of storing 65 million liters of petroleum products.
According to Forbes, Oba Obateru Akinrutan’s net worth is estimated at US$300 million. His opulent lifestyle includes a custom-built 2012 Rolls-Royce, reminiscent of Queen Elizabeth II of England. Notably, he holds the distinction of being the first black person to acquire the 2014 model of a Bentley automobile.
Sa’adu Abubakar
Sa’adu Abubakar holds the esteemed position as the 20th Sultan of Sokoto, serving as the spiritual leader for Muslims in Nigeria.
As the Sultan, he is the rightful heir to a throne with a two-century legacy, established by his ancestor Sheikh Usman Dan Fodio, a prominent figure in the Maliki school of Islam and the Qadiri branch of Sufism.
Following the passing of his brother, Muhammadu Maccido, on ADC Airlines Flight 53, Sa’adu Abubakar ascended to the throne on 2 November 2006. Beyond his spiritual leadership, he is recognized for his considerable wealth. He receives patronage not only from the government but also from various institutions, private individuals in the northern region, and Muslim associations across Nigeria.
In addition to his influential role, the Sultan of Sokoto owns a Rolls-Royce, placing him among the distinguished class of rulers in the country. His estimated net worth stands at $100 million.
Oba Adeyeye Ogunwusi Enitan
Oba Adeyeye Ogunwusi Enitan, the Ooni of Ife, commands significant influence as the third richest king in Nigeria and holds a prominent position in Yoruba land. It is essential to address him with due respect.
Beyond his authority in Yoruba land, Oba Ogunwusi is globally recognized as one of the most respected rulers. He serves as the Chancellor at the University of Nigeria, Nsukka, showcasing his commitment to education. Additionally, he is a successful businessman, particularly in the real estate industry, both in Nigeria and internationally, boasting a net worth of $70 million.
Living a lavish lifestyle, Ooni Ogunwusi frequently makes headlines through his travels, tours, and receptions of important guests. His distinctive appearance in white regalia, accompanied by a large procession, further emphasizes his regal presence.
The Ooni of Ife is an avid car enthusiast, with an impressive fleet that includes a Rolls-Royce Phantom (2011 model), among other luxurious vehicles such as a Mercedes-Benz S550 and two Bentleys.
Oba Ewuare II Ogidigan
Oba Ewuare II Ogidigan, the revered traditional ruler of the Benin Kingdom, holds immense power, authority, and influence. Crowned as the 40th Oba on 20 October 2016, the title was originally created for the Head of State (Emperor) of the Benin Empire between 1180 and 1300.
Educationally accomplished, Oba Ogidigan earned a degree in Economics from the University of Wales, UK, and a Master’s degree in Public Administration from Rutgers University Graduate School, New Jersey, USA. Beyond his traditional role, he serves as Nigeria’s ambassador to select foreign nations, adding to his multifaceted responsibilities.
Residing in a splendid palace built to world-class monarch standards, Oba Ewuare II Ogidigan is recognized as one of Nigeria’s top 10 richest kings, boasting a net worth of approximately $60 million.
Among his notable possessions is a Rolls-Royce Phantom (2016 model), valued at over N150 million, adding to the regal aura surrounding the Oba of Benin.
Nnaemeka Alfred Ugochukwu Achebe
Nnaemeka Alfred Achebe CFR, the esteemed 21st Obi of Onitsha in Anambra State, South-Eastern Nigeria, is not only a traditional ruler but also holds key roles in academia and corporate leadership.
Since 2015, he has served as the Chancellor of Ahmadu Bello University, following his earlier chancellorship at Kogi State University. Achebe assumes the position of Chairman on the board of Directors for Unilever Nigeria and holds the role of Chairman at International Breweries (ABInBev) Nigeria.
Before ascending to the throne of the Obi of Onitsha in 2002, Achebe enjoyed a distinguished career within the Royal Dutch Shell Group, where he served as a Director in various companies under the group’s umbrella. His wealth is estimated to be around $50 million.
In addition to his impressive professional achievements, Nnaemeka Alfred Ugochukwu Achebe is the proud owner of a Rolls-Royce (2016 model), valued at no less than N100 million, reflecting his stature and success.
Aminu Ado Bayero
Aminu Ado Bayero, the 15th Fulani Emir of Kano from the Fulani Sullubawa clan, assumed the throne on March 9, 2020, succeeding his nephew, Muhammad Sanusi II, who was deposed by Governor Dr. Abdullahi Umar Ganduje. Beyond his traditional role, he holds the position of Chancellor at the University of Calabar.
His journey in leadership began in 1990 when he was appointed Dan Majen Kano and district head of Dala by his father, Ado Bayero. He progressed to Dan Buram Kano later that year, followed by promotions to Turakin Kano in 1992 and Sarkin Dawakin Tsakar Gida Kano in 2000. Aminu Ado Bayero also chaired the Kano emirate durbar committee. In 2014, he was further elevated to Wamban Kano by the then Emir of Kano, Muhammad Sanusi II, succeeding Galadiman Kano, Alhaji Tijani Hashim.
In 2019, Governor Abdullahi Umar Ganduje appointed him as the emir of Bichi. Notably, in October 2022, President Muhammadu Buhari conferred upon him the Nigerian national honour of Commander of the Order of the Federal Republic (CFR).
Aminu Ado Bayero’s estimated net worth stands at $20 million, reflecting his notable contributions and responsibilities in various capacities.
Oba Babatunde Aremu Akiolu
Oba Babatunde Aremu Akiolu, the distinguished Oba of Lagos, stands as one of the prominent traditional rulers in Nigeria and holds a significant position among the country’s wealthiest kings.
Having obtained his LL.B. degree from the University of Lagos, Oba Akiolu served in the Nigerian Police Force for an impressive 32 years before ascending to his current role.
The opulent palace of the Oba of Lagos, valued at approximately 2 billion naira, is a testament to his stature. Additionally, Oba Akiolu possesses various assets, contributing to his estimated net worth of $9 million.
Among his notable possessions is a 2016 Mercedes-Benz S550, priced at over N34 million, highlighting the regal lifestyle of this Lagos state monarch.
Benjamin Ikenchuku Keagborekuzi I
Benjamin Keagborekuzi Ikenchuku Gbenoba I, known as the Dein of Agbor kingdom in Delta State, Nigeria, holds a unique position as the world’s youngest crowned monarch, a recognition noted in the 1980 edition of the Guinness Book of World Records when he was just 46 years old.
His educational journey includes acquiring multiple degrees and certificates in the United Kingdom, and upon his return, he achieved the distinction of being appointed as the Chancellor of the University of Ilorin, where he became the youngest Chancellor in the university’s history.
Despite his youthfulness at the time of his coronation, the Dein of Agbor, now 46, has displayed a regal lifestyle. Notably, he has been seen riding in a plain black Mercedes Benz S550 Maybach (2015 model) valued at about N65 million. His estimated net worth stands at $8 million, reflecting his influence and accomplishments in various capacities.
Oba Michael Adedotun Aremu Gbadebo
Oba Michael Adedotun Aremu Gbadebo holds the esteemed position of the Alake of Egbaland, serving as a traditional ruler in Nigeria, specifically in the Egba kingdom of the Yoruba people. His ascension to the throne occurred on May 21, 2005, succeeding Oba Oyebade Lipede.
Prior to his role as the 10th Alake overseeing Egbaland in Ogun state, Oba Adedotun Gbadebo had a distinguished career as a high-ranking military officer. Beyond his traditional responsibilities, he has found success in various private sector businesses. Notably, he served as the chairman of the board for Oando PLC, a prominent oil and gas company in Nigeria.
His estimated net worth is around $5 million, reflecting both his contributions to the private sector and his esteemed position as the Alake of Egbaland.
Oba Aladetoyinbo Ogunlade Aladelus
Oba Aladetoyinbo Ogunlade Aladelusi, also known as Odundun II, holds the esteemed position as the 47th and current Deji of Akure, presiding over the traditional state in Akure, Ondo State. His ascension to the throne in 2015 marked the continuation of the legacy established by his predecessor, the late Oba Adebiyi Adegboye Adesida.
Beyond his royal duties, Oba Aladelusi is a real estate developer and architect, contributing to his estimated net worth of $5 million. His dual roles as a traditional ruler and a professional in the real estate industry exemplify his versatility and commitment to both his community and personal ventures.
Recognized as one of the prominent Yoruba traditional kings in Nigeria, Oba Aladelusi is known for his elegance and holds a place among the wealthiest Yoruba monarchs. His achievements were further acknowledged in October 2022 when President Muhammadu Buhari conferred upon him the Nigerian national honor of Commander of the Order of the Federal Republic (CFR).
