Who are the richest kings in Africa? Some of the most powerful kings in history reigned in Africa.
Traditional kings rule over their countries as do these two.
A King in Africa may earn a lot of money. There are few African kings who were born poor.
They get their money from a multitude of sources, including donations from the community, sales of communal assets like land, and allowances and taxes from governments, businesses, and inheritance, among others.
Rich African kings in the twenty-first century have acquired riches mainly through the companies they manage.
According to the resources these kings possess, their net worth may be estimated with minimum effort.
Looking forward to the year 2021, these are the continent’s 10 wealthiest kings.
Top 10 Richest Kings In Africa
1. King Mohammed VI., Net worth – $5.4 billion
The richest king in Africa is King Mohammed VI. He is also the richest king in Morocco. Business, agriculture, and finance are a few of the ways he makes a living.
King Mohammed VI of Morocco is Africa’s richest king. His net worth has been calculated at $5.4 billion.
Over $10 billion has been acquired by King Mohammed by ownership of Societe Nationale d’Investissement SNI.
Mohammed is one of Morocco’s wealthiest and most influential businessmen.
Morocco’s biggest bank, Attijariwafa, has a 48 per cent interest in SNI; it also has controlling holdings in Marjane Holding, the mining firm Managem Group, and the mobile telecoms company Inwi.
SNI also owns 48 per cent of sugar producer Cosumar and 35 per cent of dairy company Centrale Danone.
Phosphate deposits in Africa are likewise under the King’s authority. Moroccan farmland is tax-free, therefore Mohammed is also a major agricultural producer and landowner there.
2. Oba Fredrick Akinruntan, Net worth – $300 million
Oba Fredrick Akinrutan is one of the richest kings in Nigeria More than $300 million is said to be his net worth.
A major source of revenue is oil. In Ondo State, Nigeria, Fredrick Obateru Akinruntan is the head of the Ugbo Kingdom, which contains the town of Ilaje and the surrounding region.
An estimated $300 million is the approximate net worth of this Nigerian billionaire.
His company, Obat Oil, is one of Nigeria’s biggest and most successful privately-owned oil firms, having activities throughout the continent.
3. Sultan Saadu Abubakar III, Net worth – $100 million
Sultan Saad is the third richest king in Africa The estimated worth of Sultan Saadu Abubakar is above $100 million.
Oil is the primary source of his income. As of now, Sultan Muhammadu Sa’ad Abubakar II of Sokoto CFR is in charge.
He is the North’s most powerful and second-richest king in Nigeria.
This makes him not just one of Nigeria’s most powerful traditional rulers but also the spiritual head of Nigeria’s Muslims as well, ruling from Sokoto State.
Nearly half of the Muslim population lives under the authority of Sa’adu Abubakar.
4. King Mswati III, Net worth – $100 million
King Mswati III is one of the richest kings in Africa and Ghana. More than $100 million is said to be the net worth of King Mswati III.
King Mswati III, Swaziland’s current king, is worth an estimated $100 million. He serves as the leader of the Swazi Royal Family. Mswati’s grandfather was King Sobhuza II.
Prince Makhosetive Dlamini was born on the 19th of April 1968 in Manzini, Swaziland.
He became king on April 25, 1986, when he was 18 years old, making him the world’s youngest ruler at the time.
The King and his mother, Ntombi, reign as kings and emperors.
5. Obi Nnaemeka Achebe, Net worth – $100 million
More than $100 million is said to be Obi Nnaemeka Achebe’s net worth. Oil serves as his major source of revenue.
As of 2018, Obi Alfred Ugochukwu is the 21st traditional leader of Onitsha. He also served as the chancellor of Ahmadu Bello University in Zaria as well as director of Shell Petroleum Development Company.
Everything is enlarged and loaded when you’re the King.
Being so successful has certainly provided him with a substantial amount of money to spend on the luxury and exotic vehicles of his dreams.
6. Oba Adeyeye Ogunwusi Enitan. NIGERIA, Net worth –
His net wealth is estimated to be more than $70 million. Business is a source of his income.
Oba Adeyeye Ogunwusi Enitan also sells Properties. The Ooni of Ife is Nigeria’s fourth wealthiest king in Nigeria.
Oba Adeyeye Ogunwusi Enitan is a prominent ruler in Yoruba country. When addressing him, you must give him some dignity.
The Ooni is considered as one of the world’s most respected kings, in addition to his authority and power in Yoruba country.
Aside from being royalty, Oba Adeyeye Ogunwusi Enitan is the Chancellor of the University of Nigeria Nsukka and a real estate businessman.
7. Oba Rilwan Akiolu, Net worth – $40 million
Oba Rilwan Akiolu is one of the richest kings in Africa. His net worth is estimated to be in the range of $40 million.
According to tradition, he is the 21st Oba of Lagos, a traditional ruler in Nigeria.
After serving as an Assistant Inspector-General in the Nigerian police force, he decided to leave.
Oba Akiolu was born on October 29, 1943, in Lagos State, Nigeria, to a traditional royal family.
At the prestigious University of Lagos, he got a Bachelor of Laws degree and attended Akoka, Lagos State (LL.B).
8. Otumfuo Osei Tutu II of Ashanti, Net worth – $40 million
His net worth is estimated to be in the vicinity of $40 million. Business and real estate are his two sources of income.
Otumfuo Osei Tutu II is the Ruler of Ghana’s gold-rich Ashanti domain, which is home to Ghana’s greatest ethnic assembling, the Asantes.
He was proclaimed king of the Asante people in 1999 and serves as their political and spiritual leader.
Osei Tutu II worked in both the private and public sectors in the UK and Canada while in college.
He has a large amount of property in Ghana and South Africa, as well as the gold royal jewels.
9. Togbe Afede XIV, Net worth – $30 million
Togbe Afede’s net worth is estimated at $30 million or more. Banking and the aviation sector are two major sources of his income.
The King of Agbogbomefia, Togbe Afede XIV (born James Akpo), is the richest man in Ghana.
He is Asorgli Chief Agbogbomefia and Asorgli Traditional Region president, he also serves on the National House of Chiefs.
Togbe Afede XIV is the man behind Ghana’s biggest domestic and regional airline, Africa World Airlines, which he established and promotes.
In addition, he owns the football team Heart of Oak, which is regarded as one of the most strong in Africa.
He has been an entrepreneur and investment banker for over 18 years, he’s well-versed in both fields.
10. Osagyefuo Nana Amoatia Ofori Panin of Akyem Abuakwa, Net worth – $28 million
King Nana is one of the rich kings in Africa. Osagyefuo Nana is worth an estimated $28 million. King Nana Amoatia, whose real name is Odeshie Kwame Boakye Ofori Atta, is one of Ghana’s richest kings and is also known as King Odeshie.
After the death of Osagyefuo Kuntunkununku II on October 4, 1999, he became the 35th Okyeman Ofori Panin monarch to ascend the throne.
He’s been a vocal proponent of Akyem and Ghana’s economic and commercial growth, as well as their overall well-being.