Check out the latest list of the top 10 richest kings in Africa as of 2022, and their current net worth.
Most of Africa’s wealthiest rulers are descendants of kingdoms that flourished on the continent before the arrival of European colonial powers.
While the majority of these kingdoms have been subjected to violence, and their influence and wealth have been reduced or even plundered in some cases, Africa has gradually begun to grow in wealth and prosperity, as evidenced by the level of wealth on display by the monarchs of various countries.
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While the average African king may have an official net worth of approximately $200 million dollars, one of the benefits of being a monarch is the ability to create unlimited wealth for the benefit of posterity and those who live within the king’s domain.
Top 10 Richest Kings In Africa 2022
King Mohammed VI of Morocco – $2.1 billion in total net worth
Morocco’s King Mohammed VI is the richest king in Africa and one of only two absolute monarchs in Africa. He is also the most powerful.
It is written in his official title, ‘His Majesty King Mohammed the Sixth, Commander of the Faithful, may God grant him Victory,’ that God grant him victory.
King Mohammed VI of Morocco is a member of the Moroccan Royal Family, also known as the Alaouite Dynasty, which has a long and illustrious history that dates back hundreds of years.
The Société Nationale d’Investissement (SNI) is a holding company that owns or controls a variety of businesses, including agriculture, banking, real estate, and power generation.
Additionally, Managem (a mining company), Onapar, SOMED (tourism/real-estate companies), Wafa Assurance (an insurance company), Marjane (a hypermarket chain), Wana-Inwi (a telecommunications company), and other businesses contribute to his wealth and success. He is also interested in the food processing and packaging industries.
Not only does he have a lot of money, but he also has the ability to generate an unlimited amount of additional wealth. In addition to being a monarch, King Mohammed VI of Morocco is also a successful businessman and an excellent diplomat.
2. Oba Fredrick Obateru Akinruntan of Ugbo Land Nigeria Net Worth: $300 million
Secondly, Oba Fredrick Obateru Akinruntan of Ugbo Land Nigeria, who has a net worth of $300 million dollars, is second on the list of the richest kings in Africa.
Located in Southwestern Nigeria, Oba Fredrick Obateru reigns as the king of the Ugbo in the Ilaje Kingdom of Ondo State.
Not the kind of monarch who makes headlines on television or whose picture is plastered all over the newspapers; this monarch is one for the boardroom; he is one of the wealthiest monarchs in Africa, as well as one of the wealthiest individuals in Nigeria.
Oba Frederick Obateru is the founder and chairman of Obat Oil, a Nigerian oil marketing company that is owned by its employees and is indigenous to the country.
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He also has a large portfolio of residential and prime commercial real estate in Nigeria and London, which he uses to supplement his income.
Oba Frederick Obateru Akinrutan has been involved in a number of large-scale real estate development projects in prime areas of Lagos, and he owns a number of estates in the Lekki area.
3. Sultan Sa’adu Abubakar III of Sokoto $100 million
Sultan Sa’adu Abubakar III of Sokoto is the most powerful monarch in Nigeria, and he is also the most popular. He is the 20th Sultan of Sokoto, but perhaps more impressively, he wields extraordinary political influence in the region.
Even the most despotic military rulers have generally deferred to the Sultan of Sokoto because his position is regarded as not only regal but also spiritual by the people of Nigeria. He is no doubt one of the richest kings in Africa.
Sultan Sa’adu Abubakar III of Sokoto enjoys the support of every politician in northern Nigeria who is worth his salt, as well as from anyone who has ambitions to hold the highest offices in the land, including the presidency.
The Sultan himself is a decorated military officer who served as the commander of the Armoured Corps that guarded General Babangida during his reign.
The Nigerian army promoted him to the rank of 2nd Lieutenant, where he served alongside many people who went on to become the country’s highest ranking officers.
4. King Mswati III of Swaziland $100 million Net Worth
Swaziland’s King Mswati III is a wealthy monarch with a large fortune, and one of the richest kings in Africa.
Situated in southern Africa, Swaziland (also known as eSwatini) is a small landlocked country that is almost entirely surrounded by South Africa, with the remainder bordering Mozambique.
King Msanti III of Swaziland assumed the throne on April 25, 1986, when he was 18 years old, and he reigns as an absolute monarch today.
As absolute Monarch, he owns all of the land in the country, as well as all of the wealth that is contained within and on it.
The king can therefore afford to live a lavish and luxurious lifestyle, despite the fact that the average person in the country earns less than $1.25 per day.
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5. Oba Adeyeye Ogunwusi Enitan $70 million Net Worth
His Imperial Majesty Oba Adeyeye Ogunwusi Enitan is one of Nigeria’s most well-known royal fathers, and he is regarded as one of the country’s most powerful figures.
Being the Ooni of Ife, he has de facto overall authority over Yoruba land due to the fact that Ife has historically served as the nation’s cultural and political center.
Oba Adeyeye Ogunwusi Enitan, with an estimated net worth of $70 million, is one of the richest kings in Africa, and he reigns as one of the most powerful figures in the country.
He enjoys a lavish lifestyle and is known for making public appearances in some of the most iconic automobiles, such as a white Rolls Royce Phantom, among others.
He enjoys traveling, and he has been known to tour exotic locations in Europe with his royal entourage, which has included the Queen of England.
Oba Adeyeye Ogunwusi Enitan is also known for being a controversial figure. When his forefathers died, he was the 51st Ooni of Ife, and he succeeded to the throne of his forefathers in 2015.
He was also known as one of Nigeria’s richest kings during his reign, as was Oba Okunade Sijuwade, who was also known as one of the richest kings of Nigeria during his reign.
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6. Oba Ewuare II Ogidigan $70 million Net Worth
Oba Ewuare II Ogidigan is the ruler of the Great Benin Kingdom and is also known as the “Oba of the Great Benin Kingdom.” For the record, Oba Ewuare II is the king of a Kingdom that once spanned the entire coastline of Nigeria and included all of the coastal cities.
In 2016, following the death of his father, Oba Erediauwa, he was elevated to the position of Oba of Benin. His majesty, Oba Ewuare II, is the 40th Oba of the Kingdom of Great Benin, and he reigns on a throne of rulership that has been in the family since around 1180.
Oba Ewuare is one of Nigeria’s most well-known and respected personalities, and he is also considered to be one of the country’s wealthiest monarchs, according to reports.
He resides in an opulent mansion in the heart of Benin City, and he makes public appearances in a Rolls Royce, which is said to be the exact model used by the Queen of England at the time of her coronation. Oba Ewuare II is one of the richest kings in Africa, no doubt.
Oba Ewuare II has seen some of the wealth looted from Benin by the British during the period between 1897 and 1902, when the Kingdom of Benin was conquered by the British and his ancestor Oba Ovonramwen was exiled from the capital city.
The return of stolen artifacts has increased his prestige and wealth even further, and Benin now has even greater potential for wealth generation as a result of this.
The Oba spent a significant amount of time in London and has held a number of diplomatic positions.
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7. Obi Nnaemeka Alfred Ugochukwu Achebe of Onitsha, Nigeria
Obi Nnaemeka, the Head of State Ogochukwu Achebe of Onitsha is the 21st Obi of Onitsha, succeeding his father, Alfred Ugochukwu Achebe. He has an estimated net worth of $50 million.
In 2002, he was crowned after being born on May 14th, 1941. He is the most prominent king in Nigeria’s Eastern region, and he is also one of the most respected monarchs in the country, according to his subjects.
The Obi Nnaemeka (Obi Nnaemeka) is a Nigerian musician. Oil and gas are where Alfred made his money; he has held several important positions in Shell Petroleum Development Company both in Nigeria and in several European countries, as well as in other parts of the world.
Alfred is married with two children. In addition to his current position as Chancellor of Ahmadu Bello University, he also serves as the Chairman of the Unilever Nigeria board of directors.
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8. Oba Rilwan Akiolu of Lagos Nigeria $40 million Net Worth
Oba Rilwan Akiolu is the Oba of Lagos, and he is the most powerful man in the city. On October 29, 1943, he was born in Lagos, Nigeria, and in May 2003, he was formally installed as the 21st Oba of Lagos.
He descends from the ancient ruling family of Lagos, which he represents. He holds a law degree from the University of Lagos and previously served for 32 years in the Nigerian Police Force before ascending to the throne of his forefathers.
As an Assistant Inspector General of Police, he was in charge of investigations.
9. Togbe Afede XIV of Asogli State Ghana $30 million Net Worth
Togbe Afede XIV of Asogli State Ghana was given the name James Akpo when he was born on April 23, 1957.
In October 2003, he was formally crowned. He received his education at the University of Ghana and has established himself as a successful businessman.
He currently serves as executive chairman of the World Trade Centre Accra, as well as several other businesses, including Databank Financial Services, Sunon Asogli Power Ghana Ltd, and Accra Hearts of Oak FC, in which he holds a majority ownership interest.
10. Ogiame Atuwatse III, Olu of Warri, Nigeria $20 million Net Worth
His Royal Highness the Prince of Warri Ogiame Atuwatse III of Warri is the current occupant of the royal throne, which dates back to 1480 AD.
He is the monarch of the Ìtsẹ̀kírì people in Warri, Delta State, Nigeria, and he reigns as their monarch.
On the 21st of August in the year 2021, he was crowned Olu. He is estimated to be worth at least $20 million as a result of his position, titles, and patronage from politicians and wealthy citizens, among other things.
Summary of the Richest Kings In Africa
The wealthiest kings in Africa rule from the northernmost tip of the continent to the southernmost tip of the continent. Royalty has always been associated with wealth, and the situation in Africa is no different in this regard.
The sources of wealth of each of these kings, on the other hand, tend to differ according to the types of wealth that exist in the domains over which they reign.
Africa’s monarchs are affluent enough to compete with the wealth of other kings from other parts of the world.
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