During the pre-colonial period, kings and monarchs were very respected and powerful in Nigeria. Nigeria harbors various traditional rulers who are influential and dignified persons in society. This article will center on 5 Richest kings in Nigeria for the year 2021:
1. Oba Obateru Akiruntan ($300 million)
Oba Obateru Akinruntan is the head of Ugbo, Ondo state. Besides being the royal leader of Ugbo, he owns Obat Petroleum, one of the largest private oil trading companies in Nigeria which controls Africa’s largest oil depots.The Olugbo of Ugbo Kingdom made Forbes’ list as one of the wealthiest monarchs in Nigeria with his net worth estimated at 300 million USD.
2. Muhammad Sa’ad Abubakar ($100 million)
He is the most powerful ruler in the north and among the richest in Africa. He sits over the Sokoto Caliphate, making him the spiritual head of the Muslims in the country. He is also the co-chairman of the Nigerian Council of Traditional Rulers.
3. Oba Adeyeye Ogunwusi Enitan, Ooni Of Ife ($ 70 million)
The Ooni ranks as one of the most respected rulers in the Africa and holds a lot of power and authority in the Yoruba land. Besides his royal status, he is a successful real estate businessman and the Chancellor of the University of Nigeria, Nsukka. His net worth is estimated at about $70 Million, making him the 3rd richest king in Nigeria as at January 2021.
4. Oba Ewuare II Ogidigan Of Benin ($60 million)
Oba Ewuare is the traditional authority in the Benin state of Nigeria. He wields power and influence that cannot be undermined. He holds a degree of Economics from the University of Wales, UK, and a Master degree in Public Administration from Rutgers University Graduate School, New Jersey, USA. He is also Nigeria’s ambassador to a number of foreign countries. His net worth amounts to about 60 million USD.
5. Nnaemeka Alfred Ugochukwu Achebe ($50 million)
The notable monarch from the eastern part of Nigeria, the Obi of Onitsha has sure made a name for himself. Before being crowned, the Obi has served as executive director at Shell Petroleum Development Company and was once the Chancellor of Ahmadu Bello University, Zaria.