Top 10 Richest King In Nigeria

Oasdom The richest king in Nigeria first class and most powerful
Oasdom The richest king in Nigeria first class and most powerful

In this post, we take a look at the Richest king in Nigeria. This is not just based on influence but on the wealth of these Nigerian kings.

Nigeria is a country which is solely ruled by the laws of democracy, but even then, the country pays a considerable place to its kings but not all are seen as rich.

Some of the kings are rich because of the throne they occupy. Others have simply had wealth transferred to them by their forefathers. 


Majority of these kings have built their fortunes from scratch by starting successful enterprises and reinvesting their profits into a diverse range of business concerns.

List of The Top 10 Richest King In Nigeria

So, who is the richest king in Nigeria? Here is an X-ray into the lives of the10 richest kings in Nigeria whose personal fortunes were estimated by Forbes.

1. Oba Obateru Akinruntan Net Worth ($300 Million)

Oba Obateru Akinruntan - The richest king in Nigeria - Oba of ugbo

The Olugbo of Ugbo land Oba Fredrick Obateru Akinruntan who was born in 1950 is the traditional ruler of Ugbo Kingdom, a town in Ilaje Local Government, Ondo State, and southwestern Nigeria.

He is the CEO of Obat Oil, one of Nigeria’s largest and leading privately held oil companies in Nigeria.

Oba Obateru Akinruntan, has said he is the most prominent and leader of all the traditional leaders in Yoruba land.

Oba Akinruntan started Obat Oil in okitipupa, Ondo State in 1981 with a gas station which was to meet the needs of his immediate family and neighboring communities.

Aside the oil and gas business, Oba Akinruntan is also into real estate as he has buildings in London and across Nigeria which includes the landmark Febson Hotels and mall in Abuja.

Oba Obateru Akinrutan became the Olugbo of Ugbo land, a small oil-rich community in Ondo state in 2009.

He made history in 2012 when he emerged as the first black person to buy the 2014 model of Bentley which was made solely for Queen Elizabeth of England in the belief that other people would wait till 2014 to ride it.

But Oba Akinruntan shocked all by buying the same version in2012. ObaAkinruntan is rated to have an estimated net worth of $300 million making him to be among the richest kings in Nigeria.

Though the richest king in Nigeria, his net worth can’t stand the net worth of the richest person in Nigeria – Aliko Dangote and ten others.

2. Sultan of Sokoto Net Worth ($100 Million)

Top 10 richest kings in Nigeria - Sultan of sokoto

Sultan Muhammadu Sa’ad Abubakar IV born on August 24, 1956, is one of the richest kings in Nigeria.

Also, he’s a first class traditional ruler who is highly respected and powerful in the northern part of the country. Sultan Muhammadu Sa’ad Abubakar is the 20th Sultan of Sokoto.

Before he ascended the throne as the 20th Sultan of Sokoto Caliphate, he served in the military as a Brigadier-general.

It was after the demise of Sultan Maccido in 2006, that he was chosen to take over the throne of his forefathers.

Sultan of Sokoto pulled in a whopping net worth of $100million, making his way to my list of top 10 richest king in Nigeria.

Would you compare these kings to the top 10 richest politicians in Nigeria? Drop your comment.

3. Emir of Kano Net Worth ($80 Million)

Emir of kano - powerful king in Nigeria

Sanusi Lamido Sanusi was born on 31st July 1962 into the Fulani Torodbe (Sullubawa) clan of Kano on 31st July 1961 in Nigeria.

According to the Emir, he revealed that his yearly salary from the federal government is N14 million.

We believe that he is one of the richest kings in Nigeria due to his assets, Cars, and properties both at home and abroad.

Aside from being the Governor in of the kinds of banks in Nigeria – Central Bank, his policies saw to the valuation of the country’s currency and stability of the economy. He is estimated to have a net worth of $80 million.

4. Oba Adeyeye Ogunwusi Eniitan Net Worth ($70 million)

Oba-Enitan-Adeyeye-Ooni-of-Ife - richest traditional rulers in Nigeria

The Ooni of Ife, Oba Adeyeye Ogunwusi Eniitan was born on the 17th of October 1974.

Even before ascending the throne, Adeyeye was a very successful businessman being an accountant and a real estate developer.

He became the ruler after the 50th Ooni of Ife, Oba Okunade Sijuwade died. Oba Adeyeye Ogunwusi is known as a man of class who knows the best thing to use for his position as a traditional ruler in Nigeria.

His dressing style; carriage and choice of items all represent royalty in every sense of the word.

This businessman-turned-monarch uses the world’s best luxury cars, which include a 2011 Rolls-Royce Phantom.

He is worth $70 million. Hence, his name is worthy of mention among Nigeria’s top 10 richest kings.

Would you compare these kings to the top 10 richest music artists in Nigeria? Drop your comment in the section provided below this post.

5. Oba of Benin Net Worth ($60 Million)

Oba of benin - rich traditional ruler in Nigeria
Oba of Benin First visit to Abuja since Coronation

The current Oba is Ewuare II. He was born Eheneden Erediauwa on the 20th of October, 1953 and was crowned the Oba of Benin on 20 October 2016. He is the 40th Oba of Benin.

Prior to his coronation, Ewuare schooled in the United Kingdom where he bagged a degree in Economics from the University of Wales, UK.

He also holds a Master of Public Administration degree from Rutgers University Graduate School, New Jersey, USA.

After his education, Ewuare worked at the United Nations between 1981 and 1982. He also served as Nigeria’s Ambassador to Angola and Sweden, with accreditation to Norway, Denmark and the Republic of Finland.

He was also Nigeria’s Ambassador to Italy. It is believed that his net worth still stands at $60million

More List of Top Ten Richest Kings In Nigeria

If you’ll like to know more about the richest king in Nigeria read on.

6. Obi of Onitsha Net Worth ($50 Million)

King Obi of onitsha - richest traditional rulers in Nigeria
Hero Lager Beer Honored by the King In South East Nigeria

Nnaemeka Alfred Ugochukwu Achebe is a traditional ruler of Onitsha, Anambra State.

He was born in 1941, Before he was crowned the Obi, he occupied various top positions such as being an executive director at Shell Petroleum Development Company.

He worked as one of the top figures in the banking sector and also served as the chancellor of Ahmadu Bello University – one of the best Nigerian Universities today.

The Obi had his education at Stanford University and Columbia University. He is said to be worth an estimate of $50 million and this has carved him out as one of the richest kings in Nigeria.

7. Alaafin Oyo Net Worth ($40 Million)

Oyo Alaafin net worth

Here comes iku baba yeye. Oba Lamidi Olayiwole III (Alaafin of Oyo or better-known as Alaafin of Yoruba).

He was born on October 15th, 1938. He was crowned in 1970 after Alaafin Gbadegeshin Ladigbolu II left the throne.

Oba Lamidi was once a Chancellor of the University of Sokoto, a position which he held for 12years.

Did you know he was once a boxer and at 74, he still does rope skipping? That is quite impressive.

He got married to many beautiful wives and has many children and grandchildren.

He is known to always move in the company of his wives all decked in the finest traditional wears that scream pure royalty.

The Alaafin dey enjoy ooo! Oba Lamidi whose net worth runs in 40million dollars is a wealthy businessman with many landed properties both in Nigeria and abroad.

Besides his notable reputation as one of the richest kings in Nigeria, Alaafin has performed remarkably in steering the progress of Oyo State.

Related: Top 10 richest families in the world

8. Oba of Lagos (Net Worth $40 Million)


Oba Rilwan Babatunde Osuolale Aremu ( Oba of Lagos ) is also one of the powerful and richest kings in Lagos.

He was born on the 29th of October, 1943 and he attended the University of Lagos where he bagged a Bachelor of Laws degree (LL.B).

After his secondary education, he joined the Nigeria Police Force in 1970 and was active until his retirement in 2002.

He served in various capacities and was promoted to assistant inspector-general of Police. A year later, he has crowned the 21st Oba of Lagos.

After his coronation, he built a palace which was said to worth an estimated N2 billion.

The Oba also owns numerous cars worth millions of naira, such as 2017 Mercedes-Benz Maybach S600 worth #68 million with customized plate tag “OLOWO EKO” means “THE RICH OF LAGOS”.

It is said that the Oba of Lagos who is traditional ruler of the largest city in the country net worth is $40 million and this has added him up on the list of richest kings in Nigeria.

Also Read: Net worth of the richest comedy entertainers

9. Olu of Warri Net Worth ($30 Million)

King of Warri


The Olu of Warri Prince Ikenwoli Emiko, who was born March 19th, 1965 is one of the most powerful traditional rulers and richest kings in Nigeria.

Warri itself is the oil hub of the South-South and it is home to several oil and gas companies.

His net worth is said to be $30million. So, his name is worthy to be mention among Nigeria’s top 10 richest kings in Nigeria.

Also Read: Top ten richest igbo man in Nigeria and their worth

10. Dein of Agbor Net Worth ($10 Million)

King of Warri net worth

Eze Benjamin Ikenchuku Keagborekuzi is the last on our ranking of richest kings in Nigeria.

The sudden death of his own father, the late king, at a young age, threw the community into anxiety and confusion as the Crown Prince then was just a child who barely knew what was going on.

But, the tradition was followed and he was crowned as the Dein of Agbor in 1979. He became ruler at the age of 2 and has been on the throne since then.

He holds the record as the youngest king in the world to have entered the Guinness Book of Records. He is known to be one of the most stylish kings around as his chains and rings are like none other. 

Dein of Agbor estimated net worth is put at about $10 million so he makes the list to the top 10 richest kings in Nigeria.

One thing for sure is, these kings don’t need loans online to start a business or cater for certain needs, they are rich!

Richest King in Nigeria (Summary)

We hope that it was interesting for you to know about the luxurious lifestyle of the richest king in Nigeria.

These traditional kings have had a very huge impact on the development of Nigeria as a country. 

This list of top 10 richest kings in Nigeria focuses mainly on riches and not influence or popularity.

So tell us, what you think about our list of the top 10 richest kings in Nigeria.

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