Top 10 richest Nigerian kings and their net worth (2024)

FAQs

Who is the highest paid king in Nigeria? ›

1. Oba Obateru Akinrutan Net Worth $300 million. Obateru Akinrutan is the richest king inside the country in keeping with Forbes. This conventional ruler was born in 1950 and he policies over the Ugbo Kingdom and its people.

Oba Obateru Akinruntan – $300M

Frederick Obateru Akinruntan, the traditional ruler of Ugbo Kingdom in Ilaje Local Government, Ondo State, southwestern Nigeria, is not only a revered monarch but also an accomplished oil magnate and the founder of Obat Oil—one of Nigeria's foremost privately held oil companies.

The erstwhile police chief, the Oba of Lagos, Oba Babatunde Aremu Akiolu is estimated to be worth of $40 million. The traditional ruler in Lagos was selected by the kingmakers of the Lagos traditional kingdom and crowned in 2003, succeeding Oba Adeyinka Oyekan.

Dangote remained Africa's richest man, recording $13.4 billion as of April 2, 2024, while Adenuga followed with a net worth of $6.7 billion. Rabiu and Otedola, according to the new report, were worth $5.2 and $1.7 billion respectively.

Ademiluyi Ajagun was the 48th Ooni of Ife, a paramount traditional king of Ile-Ife, the ancestral home of the Yorubas. He was one of the most feared kings and was highly respected in Africa and around the world.

His Royal Majesty Igwe Akhubasi Okongko. took over the throne at the age of 10. after the death of his father in December 2020. But he was crowned king on 7th of January 2020.

Big Brother Naija reality show season 8 winner Ilebaye Odiniya, has expressed how excited she is to be one of the youngest multi-billionaires in Nigeria.

Image Credit: (Left) Shutterstock.com | Above: (Left) A gold glitter map of Mali (Right) Mansa Musa sitting on a throne and holding a gold coin. For most of us, the thought of becoming a millionaire is the stuff of dreams.

Shortly before Nigeria's independence in 1960, Louis Odumegwu Ojukwu, reportedly Nigeria's first black billionaire, and founding president of the Nigerian Stock Exchange, was knighted by Queen Elizabeth II.

The fact that Lagos is owned by the Yoruba cannot be controverted and this is so, notwithstanding the Bini connections with Lagos. I say this because the history of the Edo themselves is intrinsically interwoven with the cradle of the Yoruba in Ile Ife.

Who is the richest royal father in Nigeria? ›

Oba Obateru Akinrutan

The Olugbo isn't just the wealthiest king in Yoruba land; he holds the title of the richest king in all of Nigeria, thanks to his extensive range of investments.

Aliko Dangote is the richest man in Africa and the richest Black man in the world, with an estimated net worth of around $13.4 billion in 2024. 1 His business empire, Dangote Group, is one of the largest private-sector employers in Nigeria as well as the most valuable conglomerate in West Africa.

DIVORCING Her 80-Year-Old Husband & Here Are. MANY REASONS Why.

Aliko Dangote

The story of how the richest Black man in the world started his company from scratch will always inspire many entrepreneurs. He borrowed $3,000 from his uncle shortly after receiving his college degree at 21 to import and sell food products in Nigeria.

Ranked first, the world's richest monarch, is King Maha Vajiralongkorn from Thailand, with a net worth of $43 billion. This extraordinary wealth comes from stakes in real estate in Bangkok, as well as ownership in the country's largest cement company and bank.

Image Credit: (Left) Shutterstock.com | Above: (Left) A gold glitter map of Mali (Right) Mansa Musa sitting on a throne and holding a gold coin. For most of us, the thought of becoming a millionaire is the stuff of dreams.

Aliko Dangote is the richest man in Africa and the richest Black man in the world, with an estimated networth of around $13.4 billion in 2024. His business empire, Dangote Group, is one of the largest private-sector employers in Nigeria as well as the most valuable conglomerate in West Africa.