Check out the latest list of the top 10 richest kings in Nigeria, and their current estimated net worth.
In Nigeria, the monarchy system is still widely practiced, and many of the country’s kingdoms genuflect and pay homage to their own monarchs.
Because kings in Nigeria amass a significant amount of wealth, we will now examine the country’s top 10 wealthiest monarchs.
As the leader of the kingdom, Nigerian kings are responsible for ensuring that they lead an exemplary life and that their image accurately represents the people they are tasked with leading, as well as their nation and culture.
We have written about the top 10 richest kings in the African continent. You should check that out as well.
Because Nigeria is home to a large number of kingdoms, the country’s citizenry regards a large number of the nation’s influential rulers as having dignified personalities.
You shouldn’t be surprised if you see some of these kings arriving at big events in convoys of luxury automobiles, since that’s just how they roll. The majority of them have gained fortune during the course of their reigns, which has enabled them to become wealthy kings.
Have you ever pondered the identities of Nigeria’s most prosperous royal families? Let’s take a look at the top 10 richest kings in Nigeria as well as their respective net worths.
Top 10 Richest Kings In Nigeria And Their Net Worth
1. Oba Obateru Akinrutan – The Olugbo of Ugbo – $300 Million
Oba Obateru Akinrutan, the Olugbo of Ugbo in the Yoruba kingdom, is Nigeria’s wealthiest monarch. He is known as the number one richest king in Nigeria.
In the community of Ugbo, which is located in Ondo State, Oba Obateru Akinruntan serves as both the head and the traditional ruler. Oba Akinruntan is a traditional ruler, but in addition to that duty, he is also a successful business entrepreneur.
He is the sole proprietor of Obat Petroleum, which is one of the most successful and influential oil trading enterprises in Nigeria.
The Olugbo of Ugbo is the wealthiest king in Nigeria, and he owns and drives a Bentley Mulsanne (2014 model) with a price tag of more than N100 million.
Additionally, he has a bespoke Rolls-Royce (2012 edition) that was built according to the same specifications as the vehicle used by the Queen of England.
According to a list compiled by Forbes, the Olugbo of the Ugbo kingdom, who we consider to be the wealthiest monarch in Nigeria, is estimated to have a net worth of over $300 million dollars. With this net worth, Oba Obateru emerges as number one on the list of richest kings in Nigeria.
2. Sa’adu Abubakar – The Sultan of Sokoto – $100 million
The Sultan of Sokoto, Sa’adu Abubakar, is the second richest king in Nigeria.
As the incumbent of the Sokoto Caliphate, Sa’adu Abubakar is not only the most powerful traditional ruler in the north of Nigeria but also the spiritual leader of the Muslims throughout the country.
The Sultan of Sokoto, Sa’adu Abubakar, is also the co-chairman of the Nigerian Council of Traditional Rulers, in addition to being the second richest king in all of Nigeria. After his father, Sultan Miccado, he came to the throne in 2016 to become the 20th Sultan of Sokoto. His father was Sultan Miccado.
The Sultan of Sokoto, Sa’adu Abubakar, owns a whole fleet of cars just for himself. Nevertheless, the most surprising thing about him is his Rolls-Royce (2017 model).
It is estimated that the net worth of the Sultan of Sokoto is over $100 million. Due to the size of his fortune, he occupies a high position on this list of the top 10 richest kings in Nigeria.
3. Lamido Sanusi Lamido – The Former Emir of Kano – $80 million
Sanusi Lamido is third wealthiest King in Nigeria , who served as governor of the Central Bank of Nigeria in the past.
Nearly everyone in Nigeria is familiar with Lamido Sanusi Lamido, who served as the Emir of Kano in the past. His position in the Central Bank of Nigeria was that of the governor.
Simply holding the post of governor of the Central Bank of Nigeria (CBN) brought him not only national but also international fame, as well as riches and influence. He has amassed a significant amount of wealth and is active in the investing market.
According to his net worth, he is one of the wealthiest kings in Nigeria. He was also named as one of the most influential individuals by Time magazine.
Even though he was the target of persistent hostility from Ganduje, the former Emir of Kano, Sanusi Lamido Sanusi, was considered the second most powerful monarch in the north after the Sultan of Sokoto. This was the case despite the fact that Ganduje served as the governor of Kano state.
After a tumultuous period of time during which their relationship deteriorated, Kano State Governor Umar Ganduje dismissed Sanusi Muhammad II from his position as emir of Kano in March of 2020.
As Emir, he had a salary of N14 million per year, so he is certain that he could purchase luxury vehicles and can even brag about owning fleets of automobiles.
Recently, he purchased the most recent model of Rolls-Royce, which caused a lot of people in Nigeria to talk because the price of the automobile is in the millions of dollars.
In addition to the most up-to-date model of the Rolls-Royce, Sanusi also has a Rolls-Royce Silver Wraith ALW 11 from 1952. This is an inherited vehicle that has been passed down from one generation of Emirs of Kano to the next.
He is one of the richest kings in Nigeria with a ground shaking net worth of $80 million.
4. Oba Adeyeye Ogunwusi Enitan – The Ooni of Ife – $70 million
The Ooni of Ife, Oba Adeyeye Ogunwusi Enitan, ranks as the country’s fourth wealthiest monarch, according to Forbes.
In Yoruba territory, Oba Adeyeye Ogunwusi Enitan is a ruler who carries a great deal of sway and authority. When you speak to him, you absolutely must show some degree of respect for him.
Aside from the authority and power he enjoys in Yoruba country, the Ooni is also rated as one of the most revered kings in the world. This is in addition to the authority and power he holds in Yoruba territory.
Oba Adeyeye Ogunwusi Enitan is not only a member of the royal family, but he also holds the position of Chancellor at the University of Nigeria Nsukka and is a successful businessman in the real estate sector.
The Ooni of Ife is an avid collector of automobiles, particularly luxurious imports from other countries. His Rolls-Royce Phantom is undoubtedly one of the most opulent automobiles in his collection (2011 model).
He also has a Mercedes-Benz S550 and two Bentleys in his garage, in addition to a Rolls-Royce.
It is estimated that Oba Adeyeye Ogunwusi Enitan, the Ooni of Ife, has a net worth of approximately $70 million, which places him among the top 10 richest kings in Nigeria.
5. Oba Ewuare II Ogidigan – The Oba of Benin-$60 million
As the traditional monarch of the Benin Kingdom and the fifth richest king in all of Nigeria, Oba Ewuare II Ogidigan is a formidable figure. He holds a tremendous amount of authority, power and influence in the situation.
Oba Ewuare II Ogidigan earned a Bachelor of Science degree in Economics from the University of Wales in the United Kingdom and a Master of Public Administration degree from Rutgers University Graduate School in New Jersey, United States.
The Oba of Benin also serves in the role of Nigeria’s ambassador in a number of other countries.
He resides in a magnificent palace that was constructed to meet the requirements of a king of international standing. He is the 40th Oba of the Benin Kingdom and his name is Oba Ewuare II Ogidigan.
In addition to the other vehicles in his collection, the Oba of Benin possesses a Rolls-Royce Phantom (model 2016) that is said to be worth more than N150 million.
Because of his approximately $60 million in net worth, Oba Ewuare II Ogidigan is considered to be one of the top 10 richest kings in all of Nigeria.
6. Nnaemeka Alfred Ugochukwu Achebe – The Obi of Onitsha-$50 million
Nnaemeka The Obi of Onitsha, Alfred Ugochukwu Achebe, is ranked as the sixth richest king in all of Nigeria. Achebe also holds the title of Obi. There is no denying that he is one of the most influential monarchs in the eastern region of Nigeria.
This king has established a strong reputation both in the realm of royalty and in the world of business.
In the past, he has held the position of Chancellor at Ahmadu Bello University in Zaria, as well as the position of Executive Director at Shell Petroleum Development Company.
The Oba of Onitsha, Nnaemeka Alfred Ugochukwu Achebe, is considered to be one of the wealthiest kings in all of Nigeria.
One of his most prized possessions is a Rolls-Royce with the model year of 2016 and a price tag of no less than N100 million.
One of the top 10 richest kings in Nigeria, the Obi of Onitsha has an estimated net worth of over $50 million dollars.
7. Oba Lamidi Adeyemi – The Alaafin of Oyo-$40 million
The Seventh wealthiest king in Nigeria is known by the title Oba Lamidi Adeyemi. The title of Alaafin and traditional ruler of Oyo State currently belongs to Oba Lamidi Adeyemi. In Yoruba territory, he holds the position of being the second most powerful ruler.
The Alaafin is famous not only for his extravagant lifestyle but also for the many stunning wives he has.
The Alaafin’s Palace consists of approximately 200 individual buildings and is recognized as a historical landmark by both international and regional specialists.
Oba Lamidi Adeyemi is an avid fan of sport utility vehicles (SUVs). In addition to his collection of automobiles, he has a long limousine, a Toyota Land Cruiser, and a Lexus GX 470.
It is estimated that Oba Lamidi Adeyemi has a net worth of approximately $40 million. Because of this, he is now ranked as one of the top 10 richest kings in Nigeria.
8. Oba Babatunde Aremu Akiolu – The Oba of Lagos – $40 million
He is the eighth richest king in Nigeria, and his name is Oba Babatunde Aremu Akiolu.
It is impossible to ignore one of Nigeria’s traditional rulers, as he is both the Oba of Lagos and a significant figure in Nigeria’s history. It goes without saying that he is one of the wealthiest rulers in all of Nigeria.
The prosperous king had completed his studies for a Bachelor of Laws degree at the University of Lagos and spent 32 years working for the Nigerian Police Force.
Just the palace of the Oba of Lagos is estimated to be worth up to 2 billion nairas on its own. The King himself is in possession of a great deal of property and wealth.
A 2016 Mercedes-Benz S550 with a price tag of more than N34 million is one of the finest automobiles that can be found in the collection of this Lagos state king. It is estimated that Oba Babatunde Aremu Akiolu has a net worth of forty million dollars.
9. Godfrey Emiko – The Orlu of Warri – $30 million
The Orlu of Warri, Godfrey Emiko, is now ranked as the ninth richest king in all of Nigeria. Because of his abundance of wealth, he is considered to be one of the top 10 richest kings in all of Nigeria.
He rules over the region of Nigeria known as the Niger delta, where he also exercises control over the oil and gas resources.
It is reasonable to assume that at least some of this king’s riches originate from the petroleum and natural gas industries.
It would appear that Godfrey Emiko, the Orlu of Warri, does not have a passion for automobiles because he is rarely seen driving a fancy vehicle. It is interesting to note that this king doesn’t flaunt his wealth by driving about in a flashy car.
It is reported that the Orlu of Warri has a net worth of thirty million dollars, making him one of the wealthiest kings in all of Nigeria.
10. Benjamin Ikenchuku Keagborekuzi I – The Dein of Agbor – $10 million
In the state of Delta, Benjamin Ikenchuku Keagborekuzi holds the position of a traditional head of the Agbor people.
After the passing of his father, when he was only two years old, he was elevated to the position of king. As a result, the Guinness Book of World Records acknowledged him as the youngest monarch ever.
After completing a number of courses of study and receiving several qualifications in the United Kingdom, he was honored with the position of Chancellor at the University of Ilorin upon his return home. He became the university’s youngest ever Chancellor in the process.
This royal leader of Agbor was observed driving a simple black Mercedes Benz S550 Maybach (2015 model) that is estimated to be worth approximately N65 million.
The Dein of Agbor, Benjamin Ikenchuku Keagborekuzi I, is reported to have a net worth of 10 million United States dollars, which is equivalent to. As a result, he is one of the top 10 richest kings in Nigeria.
Richest Kings In Nigeria (Final Words)
Looking at the accumulative net worth of these 10 richest Nigerian Kings, it is clear that a lot of money is floating around the system. These rich kings have different sources of revenue, be it oil drilling or royal donations.
A quick question though, what is the roles of kings in Nigeria’s system of governance today? What did you think? Let’s have your comments in the box provided below.