From the beginning of time, royalty has always come with a lavish lifestyle. Residents are taxed to fund the monarchy’s lavish lifestyle.
The British colonial overlords took the authority of the country’s kings, which was later given over to the nation’s government, which is now working under the democratic system.
The following is a list of the top ten richest Nigeria, along with their sources of income and net worth:
1. Oba Obateru Akinruntan [Ugbo’s Obateru]
![Top 10 Richest Kings in Nigeria, Their Kingdoms, Source of Wealth and Net Worth (2022)](https://jaybesttrends.com/wp-content/uploads/2022/10/images-2022-10-25T235729.612.jpeg)
Oba Obateru Akinruntan is the Olugbo (traditional ruler) of the Ugbo Kingdom, a town in the Ondo State town of Ilaje.
Oba Obateru Akinruntan Monetary value
With an estimated net worth of $300 million, Forbes Africa placed him as Africa’s second richest king in 2014.
Oba Obateru Akinruntan Source of income/profession
He is an oil magnate and the 1981 founder of Obat Oil, one of Nigeria’s largest and most successful privately held oil firms.
The company operates more than 50 gas stations across Nigeria’s six geopolitical zones, and it owns one of Africa’s largest tank farms, a modern storage facility capable of storing 65 million litres of petroleum products.
Oba Obateru Akinruntan Luxury
He owns a custom-built 2012 Rolls Royce similar to that of Queen Elizabeth II, and in an interview with the Daily Post on 14 January 2014, he stated, “I have a $1 million watch, and I drive the same type of car as the Queen of England.”
2. Sultan of Sokoto, Sa’adu Abubakar
![Top 10 Richest Kings in Nigeria, Their Kingdoms, Source of Wealth and Net Worth (2022)](https://jaybesttrends.com/wp-content/uploads/2022/10/Saadu_Abubakar_-Sultan_of_Sokoto.jpg)
Sa’adu Abubakar assumed the throne as the 20th Sultan of Sokoto on November 2, 2006, following the death of his brother, Muhammadu Maccido, aboard ADC Airlines Flight 53.
Sultan of Sokoto Monetary value
He is said to be worth $100 million.
Sultan of Sokoto Source of income/profession
Abubakar was annouce as a Second Lieutenant in the elite Armoured Corps in 1977. In the late 1980s, he led a presidential security squad of the Armoured Corps that guarded then-military dictator General Ibrahim Babangida.
Abubakar also led a battalion of African peacekeepers in Chad as part of the Organization of African Unity’s force in the early 1980s and served as a military liaison officer for the Economic Community of West African States (ECOWAS) in the mid-1990s.
Sultan of Sokoto Luxury
The Sultan Abubakar IV has car fleets. His vehicles include a 2017 Rolls-Royce.
3. Oba Adeyeye Ogunwusi Enitan [Ogunwusi Enitan]
![Top 10 Richest Kings in Nigeria, Their Kingdoms, Source of Wealth and Net Worth (2022)](https://jaybesttrends.com/wp-content/uploads/2022/10/images-2022-10-26T000004.975.jpeg)
Oba Adeyeye Enitan Ogunwusi (born 17 October 1974) is the incumbent and 51st Ooni of Ife. He is the Yoruba kingdom of Ile-traditional Ife’s ruler/monarch.
He was born into the Giesi Ruling House of Agbedegbede, Ojaja Royal Compound of Agbedegbede in Ile-Ife.
Adeyeye succeeded the late Oba Okunade Sijuwade, the 50th Ooni of Ife, to the throne in 2015.
Oba Adeyeye Ogunwusi Enitan Monetary value
His net worth is said to be $70 million, but this cannot be independently verified.
Oba Adeyeye Ogunwusi Enitan Source of income/profession
Adeyeye is a savvy businessman. He worked in the real estate industry.
He was actively involved in the creation of over 2,500 housing units through several developer consortia. He led a team that established one of the top resorts in Nigeria on Inagbe Island in Amuwo-Odofin LGA, Lagos.
He helped the National Steel Company of India’s establishment of Nigeria’s largest lead and aluminium recycling factory in Ota, Ogun State.
Oba Adeyeye Ogunwusi Enitan Luxury
He has a 2011 Rolls-Royce Phantom, two Bentleys, and a Mercedes-Benz S550.
4. Oba Ewuare II Ogidigan [Benin’s Oba]
![Top 10 Richest Kings in Nigeria, Their Kingdoms, Source of Wealth and Net Worth (2022)](https://jaybesttrends.com/wp-content/uploads/2022/10/Oba-of-Benin-Eheneden-1024x576.jpg)
On October 20, 2016, Ewuare II (born October 20, 1953) was crowned Oba of Benin. He is the 40th Oba, a title given to the Benin Empire’s Head of State (Emperor) from 1180 and 1300.
Oba Ewuare II Ogidigan monetary value
He is said to be worth $60 million.
Oba Ewuare II Ogidigan Source of income/profession
Between 1981 and 1982, he worked at the United Nations. He was also Nigeria’s Ambassador to Angola and Sweden, as well as Norway, Denmark, and the Republic of Finland. He also served as Nigeria’s ambassador to Italy.
Oba Ewuare II Ogidigan Luxury
He owns a Rolls-Royce Phantom 2016 model, which is worth more than $150 million.
5. Nnaemeka Alfred Ugochukwu Achebe [Onitsha Obi]
![Top 10 Richest Kings in Nigeria, Their Kingdoms, Source of Wealth and Net Worth (2022)](https://jaybesttrends.com/wp-content/uploads/2022/10/images-2022-10-26T000707.837.jpeg)
Nnaemeka Alfred Achebe CFR, mni (born 14 May 1941) is the 21st Obi of Onitsha, Anambra State, in South-Eastern Nigeria. He has been the chancellor of Ahmadu Bello University since 2015, and he previously served as the chancellor of Kogi State University.
Nnaemeka Alfred Ugochukwu Achebe Monetary value
He is said to be worth $50 million.
Nnaemeka Alfred Ugochukwu Achebe Source of income/profession
After graduating from university, Achebe worked briefly in the United States before returning to Nigeria in 1972, following the end of the Nigerian civil war, and starting work for Shell Petroleum Company.
He is currently a trustee of the National Traditional Rulers Council and its Anambra State Chairman.
In addition to his long career as director of Shell Nigeria, Obi Achebe was a director of numerous other Shell firms in the United Kingdom, the Netherlands, Ghana, Nigeria, Sierra Leone, the Gambia, Liberia, and Angola between 1985 and 1987.
Nnaemeka Alfred Ugochukwu Achebe Luxury
The Obi of Onitsha possesses a 2016 Rolls-Royce model worth over?100 million
6. Oba Babatunde Aremu Akiolu [Los Angeles Oba]
![Top 10 Richest Kings in Nigeria, Their Kingdoms, Source of Wealth and Net Worth (2022)](https://jaybesttrends.com/wp-content/uploads/2022/10/images-2022-10-26T000827.489.jpeg)
The Oba of Lagos, Rilwan Babatunde Osuolale Aremu Akiolu, was born on October 29, 1943.
On May 23, 2003, Akiolu was chosen as the 21st Oba of Lagos by the kingmakers of the Lagos traditional kingdom and approved by the Lagos State government; he was capped the next day and crowned on August 9, 2003.
He has held this role since May 2003, when he took over for Oba Adeyinka Oyekan.
Oba Babatunde Aremu Akiolu monetary value
His net worth is believed to be $40 million.
Oba Babatunde Aremu Akiolu Source of income/profession
After high school, he joined the Nigeria Police Force and served for 32 years. He worked in a variety of jobs until being elevated to assistant inspector-general of police in 1999 and remaining active until his retirement in 2002.
Oba Babatunde Aremu Akiolu Luxury
The Oba of Lagos drives a 2016 Mercedes-Benz S550 valued more than N34 million.
7. Kano Emir Aminu Ado Bayero
![Top 10 Richest Kings in Nigeria, Their Kingdoms, Source of Wealth and Net Worth (2022)](https://jaybesttrends.com/wp-content/uploads/2022/10/images-2022-10-26T000957.236.jpeg)
Aminu Ado Bayero (born 1961) is Kano’s 15th Fulani Emir from the FulaniSullubawa clan. He took the throne on March 9, 2020, after Governor Abdullahi Umar Ganduje deposed his nephew Muhammad Sanusi II.
Kano Emir Aminu Ado Bayero monetary value
His net worth is believed to be $20 million.
Kano Emir Aminu Ado Bayero Source of income/profession
Before becoming a flight engineer, Bayero worked as a public relations officer for Kabo Air.
Kano Emir Aminu Ado Bayero Luxury
Abdul Samad Rabiu, the CEO of BUA Group and a Kano State native, reportedly gave him a Rolls-Royce Ghost automobile for N100 million.
8. Benjamin Ikenchuku Keagborekuzi [Kingdom of Agbor]
![Top 10 Richest Kings in Nigeria, Their Kingdoms, Source of Wealth and Net Worth (2022)](https://jaybesttrends.com/wp-content/uploads/2022/10/images-2022-10-26T001049.602.jpeg)
After his father’s untimely death in 1979, Benjamin Ikenchuku Keagborekuzi, the Dein of Agbor Kingdom in Delta, ascended the throne at the age of two and was designated the world’s youngest crowned monarch in the 1980 edition of the Guinness Book of World Records.
Benjamin Ikenchuku Keagborekuzi Monetary value
His net worth is believed to be $10 million.
Benjamin Ikenchuku Keagborekuzi Source of income/profession
He ascended to the throne at a young age.
Benjamin Ikenchuku Keagborekuzi Luxury
He drives a plain black Mercedes Benz S550 Maybach 2015 worth?65 million.
9. Adedotun Aremu Gbadebo III [Egba Lake]
![Top 10 Richest Kings in Nigeria, Their Kingdoms, Source of Wealth and Net Worth (2022)](https://jaybesttrends.com/wp-content/uploads/2022/10/images-2022-10-26T001139.495.jpeg)
Adedotun Aremu Gbadebo III was born on September 14, 1943, in Abeokuta, Nigeria, and is the current Alake of Egba. He has been in power since August 2, 2005.
Adedotun Aremu Gbadebo III Monetary value
He is thought to be worth $5 million.
Adedotun Aremu Gbadebo III Source of income/profession
He entered the army in 1969 and attended Jaji’s Command and Staff College from September 1978 to August 1979. From January 1984 until September 1985, he was a Principal Staff Officer to Major-General Tunde Idiagbon, the Chief of Staff at the Supreme Headquarters, Dodan Barracks. He retired as a Colonel from the army.
10. Ogiame Atuwatse III [Warri Orlu]
![Top 10 Richest Kings in Nigeria, Their Kingdoms, Source of Wealth and Net Worth (2022)](https://jaybesttrends.com/wp-content/uploads/2022/10/images-2022-10-26T001229.604.jpeg)
Ogiame Atuwatse III is the 21st Olu of Warri and the paramount ruler of the Kingdom of Warri. On 2 April 1984, Utieyinoritsetsola Emiko, better known as Tsola Emiko, was born in Warri to Olu Atuwatse II, the 19th Olu of Warri, and Gladys Durorike Emiko. He is also related to Olu Akengbuwa.
Ogiame Atuwatse III Monetary Value
He is thought to be worth $5 million.
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