Igwe Achebe

Top 10 Richest Kings in Nigeria (2020 update)

Discover the top ten richest kings in Nigeria! The kings go by different titles depending on the tribe they come from. In Yoruba they’re commonly referred to as Oba, in Igbo it is Igwe, Hausa referred to them as Emir, and other tribes in Nigeria have their own special titles for kings.

*** Don’t forget to also see:

10 Richest kings in Nigeria

Nigeria is blessed with kings and prominent traditional rulers, including the very rich ones! These kings server their territories at various regions and states in Nigeria where they have strong influences.

But who are the richest kings in Nigeria? See them below.

Oba Obateru Akinrutan

Net worth $300 million (source: Forbes, March 2014)

Obateru was born into the royal family of Sir Frederick Adetolugbo in 1950 at Ugbo, Ileja, Osun State. He currently is the richest king in Nigeria with Forbes estimating his net worth to be $300 million in 2014. 

He started a crude oil business about 35 years ago when he first opened a filling station. The filling station has over 50 branches nationwide currently. He is the founder of Obat Oil, one of the largest oil companies privately owned in Nigeria.

Obateru is the first black person to own a 2014 Bentley automobile.

Sultan Muhammadu Sa’ad Abubakar

Net worth $100 million (source: Nigeria Infopedia, 2019)

Muhammadu Sa’ad was born on August 24, 1956, in Sokoto, Sokoto State. He is the 20th Sultan of Sokoto. He is regarded as the most powerful monarch in northern Nigeria.

He is the overall leader of over 85 million Muslim faithful in Nigeria. He is also the co-chairman of the Nigerian Council of Traditional Rulers.

He was the Officer Commanding, 241 Recce Battalion in Kaduna in 1993. He was ECOWAS Military Liaison Officer from 1995 to 1999, and from 1999 to 2000, he was Officer Commanding, 231 Tank Battalion (ECOMOG Operations) in Sierra Leone. He also served as the Defence Attache to Pakistan (also for Irag, Saudi Arabia, and Afghanistan) from 2003 to 2006.

He is currently worth $100 million according to nigerianinfopedia. 

Oba Adeyeye Ogunwusi Eniitan – Ooni of Ile Ife

Net worth $70 million (source: Legit NG, 2019)

 Oba Adeyeye Ogunwusi Eniitan (Ojaja II) was born June 17, 1974, in Ile Ife, Osun State. He is the 51st Ooni of Ife.

He attended The Polytechnic, Ibadan where he earned a Higher National Diploma in Accounting. He is the Chancellor of the University of Nigeria. He is among the top members of the Institute of Chartered Accountants of Nigeria. 

He is a successful businessman and is estimated to be worth $70 million.

Ewuare II Eheneden Erediauwa – Oba of Benin 

Net worth $60 million (source: Nigeria Infopedia, 2019)

Erediauwa was born on October 20, 1953. He is 40th Oba of Benin.

Erediauwa attended Edo College from 1965 to 1967 in Benin and Immaculate Conception College from 1968 to 1970. He obtained an A-Level Certificate from South Thames College, London. He earned a Bachelor’s degree in Economics from the University of Wales, UK, and attended Rutgers University Graduate School, New Jersey, the USA where he earned an MSc in Public Administration.

He worked at the United Nations from 1981 to 1982. He was Nigeria’s Ambassador to Angola and Sweden, with accreditation to Norway, Denmark, and the Republic of Finland. He also served as Nigeria’s Ambassador to Italy.

He is estimated to be worth $60 million.

Obi Nnaemeka Alfred Ugochukwu CFR – Obi of Onitsha

Net worth $50 million (source: Nigerian finder, 2020)

Obi Nnaemeka was born on 14 May 1941. He is the 21st Obi of Onitsha, Anambra State. He is the chancellor of Ahmedu Bello University.

He attended Government Secondary School Owerri. He graduated from Stanford University in 1966 where he bagged a Bachelor’s degree in Chemistry, he also holds a Master’s degree in Business Administration from Columbia University.

Achebe was the chairman of the board of Directors of Unilever Nigeria. He was also the chairman of International Breweries (ABInBev) Nigeria. He was a Director in the Royal Dutch Shell Group.

He is estimated to be worth $50 million.

Oba Lamidi Adeyemi – Alaafin of Oyo

Net worth $40 million (source: Nigerialand, 2020)

Oba Lamidi was born on 15 October 1938. He is the Alaafin, or traditional ruler, of the Yoruba town of Oyo and rightful heir to the throne of its historic empire.

He is estimated to be worth $40 million.

Oba Babatunde Aremu Akiolu – Oba of Lagos

Net worth $40 million (source: Nigeria infopedia, 2019)

Oba Babatunde was born on 29 October 1943. He is currently the Oba of Lagos.

He studied Law from the University of Lagos, Akoka.

He served in the Nigeria Police Force for 35 years and was the Assistant Inspector General before his retirement in 2002.

His palace is rumoured to be worth 2 billion Naira.

Godfrey Emiko – Olu of Warri 

Net worth $30 million (source: Nigeria infopedia, 2019)

Godfrey was born on 19 March 1958. He is 20th Olu of Warri which is domiciled in the South-South part of Nigeria. He is known to control oil and gas resources.

Aminu Ado Bayero – Emir of Kano

Net worth $20 million (source: Unverified)

Ado Bayero was in 1961. He is the 15th Emir of Kano. He was crowned the Emir of Kano after his nephew Sanusi Lamido Sanusi was dethroned by governor Ganduje of Kano State.

He studied Mass Communication at Bayero University, Kano.

Benjamin Ikenchuku Keagborekuzi I – Dein of Agbor

Net worth $10 million (source: Nigeria infopedia, 2019)

Benjamin Ikenchuku was born in July 1977. He holds the record for the youngest king in the world in the Guinness Book. He was crowned king when he was 2 years old.

He is the chancellor of the University of Ilorin.


Photo credit: Obi of Onitsha (feathersproject)

 

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