10 Richest Kings In Nigeria (2020) And Their Networth

Who are the top ten richest kings in Nigeria? There is no doubt that Nigeria is not alien to monarchical systems. The monarchs we have in Nigeria are quite revered and powerful at where they rule.

These are traditional rulers that do not possess political power formally. The ranking will be based on Forbes and other certified sources.

Now I present to you the ten richest kings in Nigeria.

Top 10 Richest Kings In Nigeria


Networth: $300 million

Oba Obateru Akinrutan is one of the most influential and richest monarchs in Nigeria. He was born in 1950 and he is currently the traditional ruler of Ugbo kingdom,  Ilaje local government, a town in Ondo State.

Oba Obateru Akinrutan is the founder of Obat oil, he is a billionaire in the making, a businessman, Obat oil being one of the privately-owned leading companies in the country.

Oba Obateru established Obat oil in 1981 and to its present date, 50 gas stations are currently functioning effectively all over Nigeria. In 2014, he was worth US $300million dollars by estimation which was done by Forbes.

In the ranking by Forbes Magazine, he is the second richest king in Africa and the richest king in Nigeria.


Networth: $100 million

Muhammadu Sa’ad Abubakar IV is the Sultan of Sokoto and he is obviously one of the richest kings in Nigeria. In the Nigerian Council of traditional rulers, he is also the co-chairman.

He is also regarded on the spiritual of seventy-two million Muslim in Nigeria alongside the President General of the Nigerian National Supreme Council for Islamic Affairs (NSCIA). He is worth $100million.


Networth: $80 million

Lamido Sanusi Lamido is the Emir of Kano. This name sounds familiar, right? As you know it, he was the former Governor of the Central Bank of Nigeria. He was listed in Time Magazine as one of 100 most influential people in 2011.

In 2015, Sanusi received the Global Leadership in Islamic Finance Award as the 5th GIFA Laureate. Presently he has an unknown net worth because he is believed to be worth millions of dollars scattered all over due to his large assets. His net worth is estimated at $80million.


Networth: $70 million

 The current Ooni of Ife is Oba Adeyeye Ogunwusi Enitan. In 1974 he was born, he was crowned the Ooni if Ife progressive of the death of the former Ooni in 2005. He graduated from Ibadan polytechnic as an accountant.

Undoubtedly, he is a member of the Institute of Chartered Accountants of Nigeria and Associate Accounting Technician. Do you know he is also the chancellor of the University of Nigeria,  Nsukka?. His net worth is estimated to be $70million.


Networth: $60 million

The ancient Benin kingdom is ruled by the present 40th Oba of Benin, Eware II Eheneden Erediauwa. He was born in 1953. He became ruler and was ultimately crowned on  20 October 2016 as the Oba of Benin.

He was educated in the United Kingdom and the United States. His net worth is estimated to be $60million.


Networth: $50 million

Nnaemeka Alfred Ugochukwu Achebe, the Obi of Onitsha was born on May 14, 1941. He was crowned king on May 14, 2002. He is the monarchical ruler of Onitsha, Anambra State. He is the Chancellor of Ahmadu Bello University.

In retrospect to being the Obi, in the banking sector, he worked for several years and functioned as an executive director at Shell Petroleum Development Company.

He was educated at Stanford University. In estimation, he is said to be worth $50million dollars.


Networth: $40 million

The current traditional ruler of Lagos is Rilwan Babatunde Osuale Aremu Akiolu.  He was born 29 October 1943. He is aged 76 years old. He assumed office on the 9th of August, 2003. At the University of Lagos, he studied Law.

He served as the Assistant Inspector General of Police before he was crowned Oba of Lagos. He is a very powerful person and many important personalities in Lagos look for his protection.

He is immensely respected as he is an icon to be reckoned with. He is the traditional ruler of one of the biggest city in the world which happens to be Lagos State. His net worth is estimated to be $40million.


Networth: $80 million

The Alaafin of Oyo is Lamidi Olayiwole III. In retrospect to being the Alaafin,  he was a boxer and an insurance clerk. He was designated by the Federal Government to lead the Muslims that are extended in 21 states of the country.

For twelve years he was the Vice-Chancellor of the University of Sokoto. He is worth $40million.


Networth: $30 million

The Olu of Warri is Godfrey Emiko. He adds up to the list as one of the richest kings in Nigeria. He succeeded the throne of the Itsekiri Traditional Council following the death of Ogiame Atuwatse II in 2015.

Ogiame Atuwatse II was the elder brother of Godfrey Emiko. He was a member of the Warri Traditional Council in 1983. As one of the richest kings in Nigeria, he is quite influential.

If you do not know, the kingdom of Warri is located at Delta State. As you know it as the home of oil of the south-South and it is the abode of various oil and gas industries. His net worth is $30million.


Networth: $10 million

The current dein of Agbor in history of the world is the youngest crowned monarch and he is Benjamin Ikechukwu. He is royally regarded by his title KEAGBOREKUZI.

In 1979, his father died, thereby facilitating his succession to the throne. He was born in 1977. At the age of 2 years 4 months he became king!  Isn’t that interesting?

In Buckingham Palace UK, he had his studies. Agbor likewise Benin is an ancient kingdom in the south-south of Nigeria, It is very ancient!  Benjamin Ikechukwu as the youngest monarch in the world can be found in the Guinness Book of Record of 1987. His net worth is $10million.

I’m sure you have been enlightened and you have discovered many things you never knew before. Nigeria is making a big name in the world’s history. Now you know!

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