The top 10 richest kings in Nigeria and their Net worth. Nigeria has always been known as a country that gives recognition to traditional rulers.
These traditional rulers often derive their titles from the rulers of independent states or communities that existed before the formation of modern Nigeria.
No one knows the number of monarchs in multi-ethnic Nigeria, but there seems to be one ruling over every inch of land.
Although they do not have formal political power, in many cases they continue to command respect from their people and have considerable influence; they are also recognized and highly respected by political leaders.
Therefore this article will look at the Top 10 richest kings in Nigeria and their Net worth
Top 10 richest kings in Nigeria and their Net worth
10 Benjamin Ikenchuku – The Dein of Agbor
Benjamin Ikenchuku is the traditional leader of Agbor in Delta State. He was crowned king when he was just two years old, following his father’s death. Thus, his name entered the Guinness Book as the youngest monarch.
He earned multiple degrees and certificates in the United Kingdom, and on his return, he was appointed the Chancellor of the University of Ilorin. He became the youngest Chancellor of the university
Benjamin Ikenchuku, the Dein of Agbor, is worth an estimated 10 million USD (N3.9 billion)
9. Godfrey Emiko – The Orlu of Warri
Godfrey Emiko, the Orlu of Warri, is the ninth richest king in Nigeria. He is rated as one of the top 10 richest kings in Nigeria because of his affluence.
He reigns in the Niger-delta region of Nigeria and controls oil and gas resources in that region.
It would be fair to say that part of this king’s wealth comes from the oil and gas sector.
Being one of the richest kings in Nigeria, the Orlu of Warri has a net worth estimated at 30 million USD (N11.7 billion).
8. Oba Babatunde Aremu Akiolu – The Oba of Lagos
Oba Babatunde Aremu Akiolu is the eighth richest king in Nigeria. He is the Oba of Lagos and one of the traditional rulers in Nigeria who cannot be overlooked. Of course, he is one of the richest kings in Nigeria.
The wealthy king had bagged his LL.B. degree from the University of Lagos and served in the Nigerian Police Force for 32 years before he ascended.
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).
7. Oba Lamidi Adeyemi – The Alaafin of Oyo
Oba Lamidi Adeyemi is the seventh richest king in Nigeria. Oba Lamidi Adeyemi is the Alaafin and traditional ruler of Oyo State. In Yoruba land, he is ranked as the second most influential king.
The Alaafin, also known for his many beautiful wives, lives a flamboyant lifestyle. Alaafin’s palace has over 200 buildings and has been deemed a historical monument by foreign and local experts.
Oba Lamidi Adeyemi’s net worth is about 40 million USD (N15.6 billion). This placed him on the list of the top 10 richest kings in Nigeria.
6.Nnaemeka Alfred Ugochukwu Achebe – The Obi of Onitsha
Nnaemeka Alfred Ugochukwu Achebe is the Obi of Onitsha and is recorded as the sixth richest king in Nigeria. He is undoubtedly one of the most prominent monarchs in the eastern part of Nigeria.
This monarch has made a name for himself in royalty and business. He was once the Chancellor of Ahmadu Bello University, Zaria, and served as executive director at Shell Petroleum Development Company.
The Obi of Onitsha, one of the top 10 richest kings in Nigeria, is worth about 50 million USD (N19.5 billion).
5.Oba Ewuare II Ogidigan – The Oba of Benin
Oba Ewuare II Ogidigan is the traditional ruler of the Benin Kingdom and the fifth richest king in Nigeria. He wields an enormous deal of power, authority, and influence.
Oba Ewuare II Ogidigan holds 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.
The Oba of Benin is also Nigeria’s ambassador to some foreign nations. He lives in a beautiful palace built to the standards of a world-class monarch. Oba Ewuare II Ogidigan is the 40th Oba of the Benin Kingdom.
Oba Ewuare II Ogidigan is one of Nigeria’s top 10 richest kings as his net worth amounts to about 60 million USD (N23.5 billion).
4.Oba Adeyeye Ogunwusi Enitan – The Ooni of Ife
Oba Adeyeye Ogunwusi Enitan is a very influential king in Yoruba land. You must indeed accord him some respect when addressing him.
Apart from the authority and power he holds in Yoruba land, the Ooni is also rated as one of the most respected rulers in the world.
Besides being royalty, Oba Adeyeye Ogunwusi Enitan is also the Chancellor of the University of Nigeria Nsukka and a businessman in the real estate industry.
Oba Adeyeye Ogunwusi Enitan, the Ooni of Ife, is worth about 70 million USD (N27.3 billion), thus putting him on the list of the top 10 richest kings in Nigeria.
3.Lamido Sanusi Lamido – The Former Emir of Kano
Almost everyone in Nigeria would know Lamido Sanusi Lamido, the former Emir of Kano. He was governor of the Central Bank of Nigeria.
The position as the governor of CBN alone attracted him both national and international recognition, wealth, and influence. He has lots of assets and has made many investments.
Time Magazine had listed him as one of the most influential people, and judging by his net worth, he is one of the richest kings in Nigeria.
The former Emir and business tycoon’s net worth is estimated at 80 million USD (N31.2 billion).
2. Saadu Abubakar – The Sultan of Sokoto
Sa’adu Abubakar, the Sultan of Sokoto, is the second richest king in Nigeria.
Undoubtedly, the Sultan of Sokoto is among the richest kings in Nigeria and also among the richest in Africa. The Sultan of Sokoto is, in fact, the most powerful ruler in the northern part of Nigeria.
Sa’adu Abubakar sits over the Sokoto Caliphate, thus making him the most powerful traditional ruler in the north and the spiritual head of the Muslims in Nigeria.
Sa’adu Abubakar, the Sultan of Sokoto, the second richest king in Nigeria, is also the Nigerian Council of Traditional Rulers’ co-chairman. He is the 20th Sultan of Sokoto and ascended to the throne in 2016, following his predecessor, Sultan Miccado.
The Sultan of Sokoto’s net worth is estimated at 100 million USD (N39 billion). His net worth ranks him high on this list of the top 10 richest kings in Nigeria.
1. Oba Obateru Akinrutan – The Olugbo of Ugbo
The richest king in Nigeria is Oba Obateru Akinrutan, the Olugbo of Ugbo in the Yoruba kingdom.
Oba Obateru Akinruntan is the head and traditional ruler of Ugbo in Ondo State. Apart from his role as a traditional ruler, Oba Akinruntan is also a business mogul. He is the owner of Obat Petroleum, one of Nigeria’s largest private oil trading companies.
According to Forbes’ list, the Olugbo of the 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 theTop 10 richest kings in Nigeria and their Net worth.